House passes final version of spending plan, but work will start again in special session next week

House passes final version of spending plan, but work will start again in special session next week

The Louisiana Legislature is sending a budget proposal to Gov. John Bel Edwards that nearly no one believes is adequate to fund state services in the coming year. The House agreed 61-37 to send House Bill 1 to Edwards’ desk on Thursday, a week after the Senate, through gritted teeth, advanced the same spending plan […]

Haynesville Shale making major production comeback

Haynesville Shale making major production comeback

The Haynesville Shale is back. Natural gas production in the dry gas shale play jumped in both 2017 and 2018. The U.S. Energy Information Administration is projecting Haynesville gas production in May 2018 to reach 8.54 billion cubic feet per day (Bcf/d), up from April’s 8.33 Bcf/d. Production was roughly 6.00 Bcf/d in January 2017…   Click Here For […]

The Rundown: Lawmakers move forward on casinos, construction, abortion and hazing legislation and more Louisiana politics news

The Rundown: Lawmakers move forward on casinos, construction, abortion and hazing legislation and more Louisiana politics news

Today in The Rundown: Lawmakers brawl at the bar as session winds down; construction budget advances; Harrah’s deal moves forward; bills on hazing, abortion and school prayer close to becoming law; and more news in Louisiana politics today. Countdown…  Days until the ~targeted~ end to the regular session: 1 Days until the special session begins: 5 […]

The Future of Oil and Gas

The Future of Oil and Gas

Gifford Briggs, President of the Louisiana Oil & Gas Association   The days of pen and paper seem to be coming to a close as this method of communication is being replaced by tablets and smart phones. We no longer have the attention span to wait on a letter to arrive by mail.  Instead, we […]

Austin Chalk: Louisiana’s Golden Egg ?

Austin Chalk: Louisiana’s Golden Egg ?

Gifford Briggs, President of the Louisiana Oil & Gas Association Easter is one of my favorite times of year to spend with my family. Not only is it a time to celebrate the resurrection of Jesus Christ, but it is a time to get together with those you love, consume endless amounts of boiled crawfish, […]

A New Pair of Gloves

A New Pair of Gloves

Don Briggs, President Emeritus of the Louisiana Oil and Gas Industry    The oil and gas industry is a very unique and timeless industry here in the great state of Louisiana. It has given me some of the best and most challenging moments in my life, but I think to the overall benefit of those […]

Stars align for accelerating crude oil prices

A bullish report on U.S. crude oil inventories and lingering sentiments on geopolitical risks left Brent crude oil prices hovering near $80 per barrel Thursday. Brent crude oil, the global benchmark, was bouncing around the $80 per barrel mark for most of the overnight session. If it closes above the psychological mark, it would be […]

LNG Exports May Incite Price Increases for American Users

The government agency that regulates futures and options markets found that shipping gas overseas could raise costs for Americans. Domestic prices could rise as much as 20 percent due to the burgeoning industry that liquefies gas so it can be shipped around the world on tankers, according to a CFTC report. In its study, the […]

Rising oil prices herald next phase in cycle: Kemp

Oil prices are now in the top half of the cycle, with benchmark Brent on Thursday trading above $80 per barrel for the first time since November 2014.  In real terms, prices averaged $75 per barrel over the course of the last full cycle, which lasted from December 1998 to January 2016. The recent rise […]

Thunder Energies announces interview with Midnight in the Desert w/Heather Wade on the danger posed by antimatter asteroids

TARPON SPRINGS, Fla., Dec. 20, 2017 (GLOBE NEWSWIRE) — Brian Buckley, Operations Manager of Thunder Energies Corporation, a publicly-traded company with stock symbol (OTC:TNRG), announces that Dr. Ruggero M. Santilli, company Chief Scientist, has been interviewed on December 6, 2017 by Ms. Heather Wade, host of Midnight in the Desert Radio (http://midnightinthedesert.com/how-to-listen) from 9:00 pm […]

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TransGlobe Energy Corporation Announces Q4 2017 Operations Update

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. Highlights Annual 2017 average production is trending to ~15.4 MBoepd, a 27% increase over 2016 Lifted and sold ~510 thousand barrels of entitlement crude […]

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Eagle Energy Inc. Announces Ongoing Production Results from its First North Texas Well

CALGARY, Alberta, Dec. 19, 2017 (GLOBE NEWSWIRE) — (TSX:EGL):  Eagle Energy Inc. (“Eagle”) is pleased to announce that, one month after initial production, the oil, natural gas and natural gas liquids rates from its first North Texas horizontal well continue to perform at budgeted levels.  Currently, the well is producing 450 barrels of oil equivalent […]

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Other Recent Articles

API: Economics, not necessarily risk, are driving oil prices

Its economic fundamentals rather than geopolitical currents that are driving the global energy market, the American Petroleum Institute said. The price for Brent crude oil, the global benchmark, is up 4.5 percent, or $4.75 per barrel, since U.S. President Donald Trump left an Iranian nuclear deal with global partners that puts Iranian oil barrels on […]

If it’s America First, then Europe will respond in kind, Altmaier says

The United States must reckon with Europe responding in kind if it declares “America First” and places its own economic interests before those of others, Germany’s Economy Minister Peter Altmaier said. In an interview with ARD television, Altmaier attributed the United States’s desire to block the building of a new pipeline linking Russia and Germany […]

UK’s top Qatari LNG importer seeks to widen supply as cargoes slump

Britain’s busiest liquefied natural gas (LNG) import terminal, South Hook, is seeking to broaden its sources of supply as robust Asian demand diverts cargoes from Qatar – the world’s biggest exporter and the terminal’s majority shareholder. Volumes to the terminal, in which Qatar Petroleum owns a controlling stake, have halved so far this year from […]