Graves: Edwards’ targeting of oil, gas industry is about politics, greed, not justice

Graves: Edwards’ targeting of oil, gas industry is about politics, greed, not justice

A Republican Louisiana congressman lodged a stinging rebuke at the state’s Democrat governor for his attempts to insert campaign donors as attorneys into controversial lawsuits against oil and gas companies, saying it’s more about buying Mercedes than obtaining justice. “Coastal Louisiana is worth saving — not politicizing or using as a tool to enrich friends […]

By September 30, 2016 0 Comments Read More →

Caught in no man’s land: Area parishes stuck in precarious position in legal action vs. oil industry

Rising tensions between the Louisiana Gov. John Bel Edwards administration and the oil industry over restoration of damage to the Louisiana coast is leaving some parishes caught in a precarious position. Several have filed lawsuits against the industry hoping to have canals that were dredged over the years closed and wetlands restored. Three of the […]

By September 30, 2016 0 Comments Read More →

OPEC announces cut back in production: What this means for the industry

Right now customers are paying $1.99 for a gallon of gas, but after OPEC announced a cutback in production customers could be paying more at the pump, and the oil and gas industry could see some positive changes. Wednesday OPEC agreed to cut back in production, which will help reduce the surplus of oil. The […]

By September 30, 2016 0 Comments Read More →
Edwards’ Legal War Amounts to Another De-Facto Moratorium on Drilling

Edwards’ Legal War Amounts to Another De-Facto Moratorium on Drilling

Six years ago President Barack Obama imposed an unnecessary ban on offshore drilling in the Gulf of Mexico, which left tens of thousands of Louisiana oil and gas workers and service sector employees out of jobs and nearly devastated our state’s economy. Today, we are facing a new moratorium, but this time the threat is […]

By September 26, 2016 0 Comments Read More →
A Long, Difficult Road Ahead For Louisiana’s Oil And Gas Producers

A Long, Difficult Road Ahead For Louisiana’s Oil And Gas Producers

Consistently low oil and natural gas prices have set the industry back tens of billions of dollars. According to the U.S. Energy Information Administration (EIA), the sharp decline in crude oil prices caused a stunning $67 billion in combined losses by 40 publicly-traded U.S. oil producers in 2015. Many of those losses hit home right […]

By September 8, 2016 0 Comments Read More →
Lease Sale = More Drilling More Jobs

Lease Sale = More Drilling More Jobs

By Don Briggs President, Louisiana Oil and Gas Association The Bureau of Ocean Energy Management (“BOEM”) held their most recent Gulf lease sale, Western Sale 248, this past Wednesday. This was the first federal offshore oil and gas auction to be broadcast live on the internet. At the lease sale 23.8 million acres in the […]

UT Study: Eagle Ford Could Support Another 80,000 Wells

What happens when you slice and dice data from thousands of Eagle Ford Shale wells already drilled? You get more excited about the play’s long-term potential to add production to the Lower 48 and have an impact on the world. That’s according to a new study from the University of Texas’ Bureau of Economic Geology. […]

By September 30, 2016 0 Comments Read More →

Oil falls on firmer dollar and profit-taking after OPEC rally

Oil prices fell as the dollar strengthened on Friday and investors cashed in on crude’s 6 percent one-day rise after OPEC members agreed on output cuts for the first time in eight years to stifle a two-year price slide. Global benchmark Brent crude futures LCOc1 were down 48 cents at $48.76 a barrel by 1206 […]

By September 30, 2016 0 Comments Read More →

OPEC agreeing on need to cut oil production is no game-changer … yet

Saudi Arabia’s gamble has failed. That, rather than the spike in oil prices, is the real story to emerge from the agreement reached by Opec’s 12 members that they must agree to cut production. Let’s be clear, a deal to actually restrict the flow of crude oil onto the global energy market has not yet been reached. Opec […]

By September 30, 2016 0 Comments Read More →

Tiger Rentals closes $135 Million in Financing

This post was originally published on this siteBeaumont, Texas, Sept. 30, 2016 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASESEPTEMBER 30, 2016 Tiger Rentals Closes $135 Million Financing;Includes $110 Million Term Loan from Orion Energy Partners and $25 Million Revolving Credit Facility from J.P. Morgan Beaumont, TX – Tiger Rental Group, LLC (together with its affiliated companies, […]

By September 30, 2016 Read More →

Chevron Third Quarter 2016 Earnings Conference Call

This post was originally published on this siteSan Ramon, CA, Sept. 30, 2016 (GLOBE NEWSWIRE) — Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, October 28, 2016, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information:Date: Friday, October 28, 2016Time: 11:00 a.m. […]

By September 30, 2016 Read More →

SemGroup Corporation Announces Closing of Acquisition of Rose Rock Midstream, L.P.

This post was originally published on this siteTULSA, Okla., Sept. 30, 2016 (GLOBE NEWSWIRE) — SemGroup® Corporation (NYSE:SEMG) today announced that it has completed the acquisition of all of the outstanding common units of Rose Rock Midstream®, L.P. (NYSE:RRMS) not already owned by the company. “SemGroup’s shareholders showed resounding support for this important transaction, which […]

By September 30, 2016 Read More →

Other Recent Articles

Skepticism aside, OPEC production cuts have worked before

OPEC has agreed to cut oil production three times over the past two decades in response to precipitous drops in oil prices. Each time, the Organization of the Petroleum Exporting Countries was successful in curtailing production and eventually raising crude prices, the investment banking firm Piper Jaffray & Co. said on Thursday. But it also […]

By September 30, 2016 0 Comments Read More →

Foster Campbell endorsed by environmentalists in US Senate bid

Democratic U.S. Senate candidate Foster Campbell on Thursday picked up the endorsements of the Sierra Club and 22 of Louisiana’s best known environmentalists. “We are confident that Foster Campbell will work to protect Louisiana families’ health, air and water, to build an energy economy that works for our state,” said Woody Martin, chair of the […]

By September 30, 2016 0 Comments Read More →

State budget task force still needs more time

For the second time in as many months, the committee formed to revamp the way Louisiana government spends its money and taxes its people wants to postpone the release of its final suggestions. State Revenue Secretary Kimberly Robinson said Wednesday the sweeping changes being considered were too great to completed by Friday’s deadline. She and […]

By September 30, 2016 0 Comments Read More →