Bloomberg: Crude oil inventories fall again, but production jumps

Bloomberg: Crude oil inventories fall again, but production jumps

Bloomberg reports: HOUSTON — U.S. crude oil prices gave up ground Thursday morning, as Energy Department data showed falling inventories but rising production. Next-month West Texas Intermediate crude futures changed hands at $57.05, down 46 cents or 0.8 percent in early trading Thursday. U.S. commercial stores of crude oil fell by for the fourth consecutive […]

By May 29, 2015 0 Comments Read More →
The Louisiana Record: Justice Hughes asked to recuse himself in several cases involving large campaign contributor

The Louisiana Record: Justice Hughes asked to recuse himself in several cases involving large campaign contributor

The Louisiana Record reports: NEW ORLEANS – Three major and several independent oil companies have asked Louisiana State Supreme Court Justice Jeff Hughes to recuse himself in a pair environmental lawsuits up for review. They claim he is tainted by trial lawyers who spent nearly $400,000 of their own money getting him elected. Hughes, who […]

By May 28, 2015 0 Comments Read More →

Louisiana companies seek business opportunities in Mexico

FOR IMMEDIATE RELEASE Date: May 21, 2015 Press Contact: jsteverson@wtcno.org Louisiana companies seek business opportunities in Mexico Business delegation led by Committee of 100 and World Trade Center arrives in Mexico for three-day trade mission New Orleans, LA – More than 30 representatives from Louisiana business and industry arrived in Yucatán, Mexico on Wednesday as […]

By May 27, 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 →
Keystone Pipeline Still Makes Sense

Keystone Pipeline Still Makes Sense

By Don Briggs President, Louisiana Oil and Gas Association Take your pick as to the reason why the Keystone XL pipeline is necessary for the United States’ future. Most of the following items could be reason enough to finish the construction of the pipeline: jobs, economic impact, national security, safety, and finally, imported resources from […]

By March 11, 2015 0 Comments Read More →

Market Watch: Natural-gas supplies may hit an all-time high

Market Watch reports: Natural-gas supplies have a good chance of reaching a record high later this year, but that may not stop prices for the fuel from also hitting new highs for the year. Coal-burning power plants are shutting down or converting to natural gas because of federal environmental regulations, just as summer cooling demand […]

By May 29, 2015 0 Comments Read More →

U.S. News: Oil and Gas Industry Worker Death Rate Down by a Third

U.S. News and World Report: Even as the oil and gas extraction industry in the United States boomed, there was a decline in the rate of worker deaths, a new federal government study shows. From 2003 to 2013, the oil and gas extraction industry workforce more than doubled and the number of drilling rigs increased […]

By May 29, 2015 0 Comments Read More →

Reuters: Venezuela, Russia’s Rosneft agree on $14 billion oil, gas investment

Reuters reports: Venezuela and Russia’s top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country’s oil and gas sector, President Nicolas Maduro said. Maduro met the chief executive of state-owned Rosneft, Igor Sechin, on Wednesday, in the company of the president of state oil company PDVSA [PDVSA.UL], […]

By May 29, 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

UPI: U.S. sectors spar over crude oil exports

UPI reports: WASHINGTON, May 29 (UPI) — Domestic U.S. oil refineries may be reaching their capacity, highlighting the need to reach foreign shores with more exports, an energy coalition said. The coalition, Producers for American Crude Oil Exports, points to federal data showing the domestic shale oil sector has a long life ahead and refineries […]

By May 29, 2015 0 Comments Read More →

Advocate: Corporate franchise tax rollback bill passes Louisiana House

The Advocate reports: Louisiana businesses would get a major tax break under legislation passed by the House Thursday, only a week after House members approved a state budget that would make businesses pay more. House Bill 828 phases out the corporate franchise tax over five years. The measure, approved 69-33, would cost the state $36.5 […]

By May 29, 2015 0 Comments Read More →

The Hill: End the ban on oil exports

The Hill reports: The country has just taken another step towards energy independence—which also means energy security. Sens. Lisa Murkowski (R-Alaska) and Heidi Heitkamp (D-N.D.), along with 10 other Senate cosponsors, have introduced the Energy Supply Distribution Act (S. 1312), whose primary purpose is to end the 40-year ban on exporting U.S. crude oil. Congress […]

By May 28, 2015 0 Comments Read More →