Advertiser: Oil’s impact oozes through state, community

Advertiser: Oil’s impact oozes through state, community

The Advertiser posted Don Briggs’ column: Dating back to November 2014, the Louisiana Oil & Gas Association has written numerous columns about the significant drop in oil prices. These columns have focused on “why” the drop in prices. The columns have looked at the macro level of “how” the drop in oil prices has affected […]

By March 2, 2015 0 Comments Read More →
Advocate: Goodrich cuts well costs, drilling time in Tuscaloosa Marine Shale

Advocate: Goodrich cuts well costs, drilling time in Tuscaloosa Marine Shale

The Advocate reports: The good news is that initial production rates from Goodrich Petroleum Corp.’s Tuscaloosa Marine Shale wells are “very positive and improving.” The bad news is that oil prices remain depressed and Goodrich lost $233.3 million during the fourth quarter. Goodrich said well costs have been cut by more than 20 percent and […]

By March 2, 2015 0 Comments Read More →
Nola.com: Measure to kill wetlands damage lawsuit appeal likely to fail

Nola.com: Measure to kill wetlands damage lawsuit appeal likely to fail

Nola.com reports: Members of the east bank levee authority opposed to the controversial wetlands damage lawsuit against oil, gas and pipeline companies have called for a special meeting of the authority on Monday to force commissioners to vote up or down on whether to appeal a federal judge’s decision throwing out the suit. But a […]

By February 27, 2015 0 Comments Read More →
Oil And Gas Industry Tightening Belts

Oil And Gas Industry Tightening Belts

By Don Briggs President, Louisiana Oil and Gas Association An oil and gas analyst has no problem finding a job today. Similar to the weatherman, the energy sector is difficult to predict, yet everyone still wants to know the forecast for tomorrow. While different opinions can be found on any television channel, it is important […]

By February 16, 2015 0 Comments Read More →
Haynesville Shale Could See Increase In Activity

Haynesville Shale Could See Increase In Activity

The hot topic around the world continues to be the falling price of oil. Yes, oil prices have fallen more than $60 over the last few months. The stock market has seen points fall off the board, operating companies have reduced drilling budgets for 2015, the workforce has experienced some cutbacks and the general consumer […]

By January 14, 2015 3 Comments Read More →
2015: A Year Of Action

2015: A Year Of Action

By Don Briggs President, Louisiana Oil and Gas Association 2015 should be a year of action for the Louisiana oil and gas industry. While companies will be evaluating budgets, trimming employees and estimating the affects of the falling oil prices on their organizations, necessary attention should be given to another topic as well. Something completely […]

By December 31, 2014 6 Comments Read More →

Forbes: Dow Bets $6 Billion That U.S. Fracking Boom Will Last Another Decade

Forbes reports: Dow Chemical is investing $6 billion to enlarge its manufacturing facilities in the United States by 40 percent, based on a wager that low natural gas prices here will persist into the middle of the next decade, a Dow executive said in Chicago this week. The investment reverses Dow’s vocal exodus from manufacturing […]

By March 2, 2015 0 Comments Read More →

Advertiser: 11th-hour deal keeps union workers on the job at Meraux refinery

The Advertiser reports: United Steelworkers and industry negotiators reached a late-night agreement on local issues Saturday that is keeping union workers at a Valero refinery in Meraux on the job. Union spokesman John Link said the USW contract would have expired Saturday night but that Local 8363 reached a “tentative agreement,” renewable daily, pending resolution […]

By March 2, 2015 0 Comments Read More →

Advocate: Exxon: We’re paying bad gasoline claims

The Advocate reports: Exxon says it’s paying legitimate claims filed over bad gasoline sold in Baton Rouge, but suit alleges more claims denied than paid ExxonMobil has paid more than $4.6 million to nearly 2,900 motorists impacted by the company’s production of more than 5 million gallons of tainted fuel that was distributed in the […]

By March 2, 2015 0 Comments Read More →

Advocate: Louisiana’s Tuscaloosa, Haynesville shales hampered by oil, natural gas prices

The Advocate reports: Drillers are closing in on the most efficient and consistent way to produce oil from the Tuscaloosa Marine Shale across Louisiana’s midsection, but low prices will strongly affect drilling activity. Likewise, natural gas prices will hamper activity in the Haynesville Shale in northwest Louisiana until proposed export terminals are operating, energy summit […]

By October 23, 2014 0 Comments Read More →

EE News: How do you survive a gas boom and bust? For starters, pay in cash

EE News reports: MANSFIELD, La. — Local officials in the Haynesville Shale believe they’ve unlocked the secret for successful spending of gas boom wealth. The approach? Invest quickly in health, safety and education, and squirrel away the rest for a rainy day. “Just because we have it don’t mean we have to spend it,” DeSoto […]

By October 20, 2014 0 Comments Read More →
NOLA.com: Houston firm buys $275 million stake in Haynesville natural gas fields

NOLA.com: Houston firm buys $275 million stake in Haynesville natural gas fields

NOLA.com reports: A Houston energy investment firm will pay nearly $275 million for thousands of acres of legacy oil and natural gas fields located along the eastern edge of the Haynesville Shale in north Louisiana. The deal is the latest in a string of purchases that signal renewed investor interest in the area. Vanguard Natural […]

By September 4, 2014 0 Comments Read More →

Other Recent Articles

Advertiser: Oil down, wait list up for LAGCOE ’15 exhibitors

The Advertiser reports: Although the price per barrel of oil languishes, the exhibitor list for Louisiana Gulf Coast Oil Exhibition 2015 swells. LAGCOE last week counted some 700 companies eager to display their services and products at this year’s biennial show, scheduled for Oct. 27-29 at the Cajundome. Staff members at LAGCOE’s office were lining […]

By March 2, 2015 0 Comments Read More →

News Star: The players: Who’s who in the Louisiana Legislature

The News Star reports: Though there are 105 members of the Louisiana House of Representatives and 39 members of the Senate, only a fraction of those will set policy. And after following Gov. Bobby Jindal in lock step for his first term and much of the second, virtually all of them will try to distance […]

By March 2, 2015 0 Comments Read More →

Advocate: Quin Hillyer: Perfidy and poison: What’s left of the levee lawsuit

Quin Hillyer wrote the following: When opponents of a Louisiana levee board’s lawsuit against energy-related companies wanted to kill the ill-advised legal action last year, they were right to be frustrated by a hideously expensive, so-called “poison pill” in the board’s contract with its lawyers. But if the poison pill was bad, there’s a separate, […]

By March 2, 2015 0 Comments Read More →