Helis Oil & Gas Company leased 43,000 acres of land in St. Tammany Parish for exploring, drilling and producing oil and gas.
Helis Oil & Gas Company leased 43,000 acres of land in St. Tammany Parish for exploring, drilling and producing oil and gas.
The lease agreements were with:
- P&F Lumber Company
- St. Tammany Land Company
- Poitevent Interest
- PF Monroe Properties
- Markel Interest
The terms of the leases were 18 months from October 1, 2013 with options to extend the leases to October 1, 2017.
On October 1, 2013 Helis Oil & Gas Company also leased 640 acres from P & F Lumber Co., St. Tammany Land Co., PF Monroe Properties and Markel Interest for a 5 year lease period. This property was from Eads Poitevent et al. A portion of the P & F Lumber Company lease is included in the application for the creation of a single drilling and production unit by Helis Oil and Gas Company.
On February 1, 2014, Helis Oil and Gas Company leased from Abita Springs Timber Company, 8,249 acres. The leases were for 5 years or for 18 months with options to extend until February 1, 2017. A portion of this leased property is included in the application for the creation of a single drilling and production unit by Helis Oil and Gas Company.
The total acreage leased by Helis Oil and Gas Company was 51,889 acres. Helis has indicated they have leases and options covering 60,000 acres in St. Tammany Parish.
- LEAN
- riverkeeper
- ealert
- fracking
- wilma subra
- hydraulic fracturing
