Bossier Parish Police Juror Larry Butler suggests that the parish use 40% of projected gas revenue from the Haynesville Shale to pay for residents to convert their cars to run on compressed natural gas.
From The Times: "This is gas coming from land owned by people," he said. "It's managed by the Police Jury, but it's owned by the people. And if we can use the royalties from that to help them save money at the pump, I think it's a win-win situation."
According to Butler, the parish could receive up to $500,000 per month in revenue from its interests. Bossier did not sign leases for its property, but instead will be force-pooled by the oil companies. This means that once the cost of the well is in, the parish will receive 100% of the revenue from the wells less operating expenses. Butler suggests that the program would have a life of 5 or 6 years.
He is likely to meet some stiff resistance from other officials, however. Parish Administrator Bill Altimus said that the parish is already moving ahead with plans to converts its fleet of vehicles to natural gas.
That is good, but sidesteps the issue. Personally, I believe that Butler's idea has merit and should be fully explored.
Butler said "I'm trying to build grass-roots support. The problem is when money starts to come in. Everyone has their own pet project they want to fund."