Mixed bag of support for gas tax

Mixed bag of support for gas tax

With a $510 million gas tax increase on the House’s calendar tomorrow, supporters and opponents are lobbying representatives hard and reaching out to the public. The Republican State Central Committee over the weekend decided to publicly oppose the 17-cent hike, while the Council For A Better Louisiana issued a statement today calling for its passage. […]

Bill would cut taxes for fossil fuel producers reviving dormant wells

Bill would cut taxes for fossil fuel producers reviving dormant wells

The new version is half as generous, offering a 50 percent severance tax reduction from 12.5 percent to 6.25 percent for inactive oil wells, but would allow producers to receive the benefit over a longer 10-year period beginning July 1, 2018. Gifford Briggs, vice president of the Louisiana Oil and Gas Association, said the new […]

Angelle takes offshore agency post in Washington

Angelle takes offshore agency post in Washington

Public Service Commissioner Scott Angelle will become director of the federal Bureau of Safety and Environmental Enforcement beginning Tuesday, an appointment made by President Trump. He is scheduled to be sworn in Tuesday morning in a brief ceremony, with a public swearing-in probably conducted by Interior Secretary Ryan Zinke at a later date. The announcement was […]

BRIGGS: The Reemergence of the Haynesville Shale

BRIGGS: The Reemergence of the Haynesville Shale

The oil and gas industry could not be more diverse in Louisiana. In south Louisiana, in particular, the industry is experiencing historically low and stagnant rig growth, while the rest of the country sees a resurgence in rig activity. In northwest Louisiana, there is a glimmer of hope for the oil and gas sector, and […]

Louisiana’s Road to Recovery

Louisiana’s Road to Recovery

It has been over one hundred days since Trump took office and in that time, we have seen the Dakota Access and Keystone XL pipeline projects jump started, many regulations from the Obama-era rolled back, as well as a rejuvenation of leasing programs and streamlining processes for permitting on federal land and water. The American […]

Ports, Louisiana’s secret ingredient

Ports, Louisiana’s secret ingredient

If you talk to anybody about Louisiana, nine times out of ten, the first thing that comes to mind is our food — and it is for good reason. We take great care in preparing local dishes and protecting our secret ingredients or special processes, especially when it comes to gumbo. Whether it is a […]

Oil prices steady as market awaits extended output cut

Oil prices steadied on Wednesday as investors waited for news from Vienna where ministers from OPEC and other exporting countries were discussing whether to extend production cuts into the first quarter of next year. Benchmark Brent crude oil LCOc1 was up 10 cents a barrel at $54.25 by 1210 GMT (8:10 a.m. ET). U.S. light […]

U.S. lawmakers gear up to block Trump plan to slash oil stockpile

A Trump administration plan to sell off half the U.S. emergency crude oil stockpile to help balance the budget faces opposition in Congress, with lawmakers from both parties worried the proposal would undermine the drilling industry and make the country vulnerable to supply shocks. The White House’s 2018 budget proposal, sent to Congress on Tuesday, […]

US Plan to Sell Oil Reserves Undermines OPEC Supply Management Efforts

U.S. President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday since it counters OPEC’s efforts to control supply in order to boost prices. The White House requested in its budget released late on Monday gradually selling off the nation’s Strategic Petroleum Reserve (SPR) starting in […]

Contango Updates Southern Delaware Basin Operations

This post was originally published on this siteHOUSTON, May 24, 2017 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE MKT:MCF) (“Contango”) announced today results on its second and third wells drilled on its Southern Delaware Basin acreage in Pecos County, Texas.        As previously reported, the Rude Ram #1H and Ripper State […]

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Newest Features in EnerNOC’s Energy Procurement Platform Help Businesses More Proactively Manage Energy Costs

This post was originally published on this siteBOSTON, May 24, 2017 (GLOBE NEWSWIRE) — EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of demand response solutions and energy intelligence software, announced today that the latest feature enhancements in its award-winning energy procurement platform, the EnerNOC Energy Exchange, help customers make more proactive purchasing decisions. “Savvy energy consumers […]

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Delphi Energy Corp. Announces Financing With Strategic Partner to Further Accelerate Growth at its Bigstone Montney Asset

This post was originally published on this siteCALGARY, Alberta, May 24, 2017 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has entered into agreements with investors for a $65 million financing transaction (the “Financing Transaction”), comprised of a $35 million equity offering (the “Equity Offering”) and a […]

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North American Strategic Energy Adds Diplomatic Clout

Sophisticated American and Canadian energy industries have given the Free World an economic boost and a powerful diplomatic weapon. The North American “fracking” revolution — hydraulic fracturing to tap vast reservoirs of “tight” natural gas and oil — has altered the world’s strategic calculus. U.S. and Canadian firms began experimenting with advanced oil and gas […]

Alford: Personalities begin to emerge in Louisiana’s quiet race to treasurer

It’s possible that whoever wins the expected runoff this fall for state treasurer will spend less than $1 million during the primary, notes Jeremy Alford in his latest column, adding that would make the race an affordable victory for one lucky Louisiana politician. “Few voters are probably even aware that a race for treasurer is […]

The Rundown: TOPS, juvenile sentencing efforts advance and everything else you need to know about Louisiana politics today

Today in The Rundown: VP Mike Pence heads to Baton Rouge today; Leaders react to Trump budget plan’s impact on Louisiana; TOPS changes move ahead; and everything else you need to know about Louisiana politics today. Countdown… Days until the regular session ends: 15 The News VP: Vice President Mike Pence is heading to Baton Rouge today; […]