Article submitted by Jim Allen, Commercial Investment Specialist for Saurage Rotenberg Commercial Real Estate

Article written by Jeff Amy, Associated Press January 30, 2015

“JACKSON, Miss. (AP) — Low oil prices mean the driller that has been the most bullish on an oil region that straddles the Louisiana-Mississippi line is cutting back.

Goodrich Petroleum Corp., based in Houston, said Friday that it will spend $80 million to $100 million on exploration and drilling this year, down from $150 million to $200 million it had previously projected.

The company had projected that it would drill 16 to 21 wells in the Tuscaloosa Marine Shale region in the southwest Mississippi and Louisiana’s Florida Parishes. A spokesman didn’t immediately respond to a request for comment, but the new budget will mean fewer wells drilled in 2015.” 

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Jim Allen earned his bachelor’s degree from Baylor University in Waco, Texas and his masters from Louisiana State University. In addition to his multiple degrees he has taken numerous coursework in banking, marketing, accounting, and business law. As a complement to his sales experience, Jim also has 25 years experience in commercial real estate financing.

Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce ;the Baton Rouge Growth Coalition;the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC).  Several agents, on an individual basis,  are members of the Society of Industrial and Office Realtors®(SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and theGreater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).