Advocate: Louisiana economy suffering from low oil, crop prices

Advocate: Louisiana economy suffering from low oil, crop prices

The Advocate reports: Louisiana is among the 10 states hit hardest by the price meltdown for products from farming and mining. The Bloomberg Commodity Index fell to a 13-year low last week, down 61 percent from the 2008 peak. That’s bad news for…….. Read more here

By July 28, 2015 0 Comments Read More →
WSJ: Sudden Drop in Crude-Oil Prices Roils U.S. Energy Firms’ Rebound

WSJ: Sudden Drop in Crude-Oil Prices Roils U.S. Energy Firms’ Rebound

The Wall Street Journal reports: U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months. The companies had been banking on a rebound in oil prices in the second half of […]

By July 27, 2015 0 Comments Read More →
Advocate: Helis offers to let St. Tammany Parish inspectors check on work at drilling site; activist group wants to go along

Advocate: Helis offers to let St. Tammany Parish inspectors check on work at drilling site; activist group wants to go along

The Advocate reports: One of the ripples from Monday’s court skirmish over a controversial proposed fracking well in St. Tammany Parish is turning into a wave. A spokesman for Helis Oil & Gas Co. said Thursday that parish inspectors have been invited to visit the site and verify that the work going on there is […]

By July 24, 2015 0 Comments Read More →
Iran agreement is two-headed monster

Iran agreement is two-headed monster

By Don Briggs President, Louisiana Oil and Gas Association   The United States oil market took a drastic fall in November of 2014 due to a very specific reason. The Organization of Petroleum Exporting Countries (OPEC) decided at their Fall meeting that they would not be reducing the amount of crude oil exported on the […]

By July 20, 2015 0 Comments Read More →
Don Briggs: BP is answering the challenge

Don Briggs: BP is answering the challenge

The oil and gas industry has a storied history in the state of Louisiana. Over the last one hundred years, the industry has provided hundreds of thousands of direct and indirect jobs to this state. To clarify the obvious, the oil and gas industry is an industrial segment that depends on human ability as well […]

By April 16, 2015 1 Comments Read More →
Keep Louisiana Competitive

Keep Louisiana Competitive

By Don Briggs President, Louisiana Oil and Gas Association As the 2015 Louisiana State Legislature convenes, a $1.6 billion budget deficit has everyone wondering what or who gets cut first? While the state has a deficit to deal with for this fiscal year, the oil and gas industry has its own set of worries. The […]

By April 1, 2015 0 Comments Read More →

FuelFix: Texas on track to beat 1972 oil production record

FuelFix reports: Texas remains on track to produce a record amount of crude despite the lingering downturn that’s shut down rigs and spurred oil companies to lay off tens of thousands of workers. Even as oil companies pare their spending…….. Read more here

By July 28, 2015 0 Comments Read More →

FuelFix reports: Statoil profit beats estimates

FuelFix reports: Norway-based Statoil reported adjusted earnings $880 million, which came above most analysts’ estimates. The European energy giant, which employed about 900 in Houston last year, said revenues are down because of low and gas prices and higher exploration costs, but that stronger…….. Read more here

By July 28, 2015 0 Comments Read More →

Nola.com: BP must pay local government settlements by Aug. 26, judge rules

Nola.com reports: BP must complete its payments by Aug. 26 to local governments that have accepted settlement terms for losses experienced as a result of the 2010 Deepwater Horizon disaster and ensuing 87-day release of oil into the Gulf of Mexico, a federal judge ordered Monday (July 27). “The court was advised today that…….. Read […]

By July 28, 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

Nola.com: State Senate committees discuss plans for spending $8.9 billion from BP oil spill

Nola.com reports: State senators listened Monday (July 27) to initial plans for spending $8.9 billion that Louisiana will receive in the aftermath of the BP oil spill, explained by officials with the Louisiana Attorney General’s Office and the Coastal Protection and Restoration Authority. The biggest chunk of the money is the at least $6.8 billion […]

By July 28, 2015 0 Comments Read More →

Nola.com: David Vitter has more money to spend than all the other gubernatorial candidates combined

Nola.com reports: U.S. Sen. David Vitter had just over $5 million in his campaign coffers by mid-July — more money than three other gubernatorial candidates combined. And in reality, Vitter’s cash reserves are even deeper than that number reflects. The senator also has the support of a super PAC — called The Fund for Louisiana’s […]

By July 28, 2015 0 Comments Read More →

The Daily Comet: Major deepwater drilling project sparks optimism amid low oil prices

The Daily Comet reports: Despite widespread concern over low oil prices, Shell has announced plans to build its largest deepwater platform in the Gulf of Mexico, a project expected to cost billions of dollars. The Netherlands-based company announced last week that it is giving the go-ahead to the Appomattox deepwater project. The development will…….. Read […]

By July 27, 2015 0 Comments Read More →