Completed Project Report


Balancing Farm Success with Oil and Gas Growth in the Black Warrior

  • Award Amount: $48,857
  • Regional Center: Southern Extension Risk Management Education Center
  • Grant Program: 2018 Education Projects
  • Project Director: Rachael Carter
  • Email: rdm1@msstate.edu
  • Organization: Mississippi State University

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Project Overview

The project addressed legal, production, and financial risk with producers considering engaging in oil and gas leasing in east Mississippi. The risk management topics included water use decisions, economic risks of new technologies, asset management and leasing practices, liabilities, and contract development.

The project addressed the production risks of water use decisions, and the economic risks of new technologies in regards to oil and gas resource extraction on farmland in Mississippi. Target areas were the Black Warrior Basin in Northeastern Mississippi and the Mississippi portion of the Texas-Louisiana, Mississippi Salt Basin in Central and Southeastern Mississippi. This includes the 1st Congressional District in the state. Due to many producers being impacted the flooding in the Black Warrior Region this spring, the final workshop was moved to the the Summit, MS in the Tuscaloosa Marine Shale.

The project also addressed the topics of asset management and  leasing/renting (with regards to leasing farmland or forestland) for the purpose of oil and gas development or for pipeline construction.

The project implemented in person workshops to address the legal risks of contracts and leases for the purpose of oil and gas development on farmland and provide accessible information stakeholders.

Number of Participants: 193

Results

Project Steps

PROMOTIONAL MATERIALS

There are no promotional materials available for this project.

EDUCATIONAL MATERIALS

There are no educational materials available for this project.

REPORTS & EVALUATIONS

There are no reports or evaluations available for this project.

DELIVERY AREA

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