Baton Rouge Business Report: ‘LaPolitics’: GUMBO still on political burner; Ieyoub’s appointment to regulate energy industry raises industry concerns

Baton Rouge Business Report: ‘LaPolitics’: GUMBO still on political burner; Ieyoub’s appointment to regulate energy industry raises industry concerns

The Greater Baton Rouge Business Report published the following: Although the historic race for governor ended more than two months ago, GUMBO PAC still has some roux left in it. The super PAC, which was opposed to the election of U.S. Sen. David Vitter, is posting social media on a regular basis and engaging followers. […]

The Hayride: BRIGGS: Something’s Got To Give!

The Hayride: BRIGGS: Something’s Got To Give!

The Hayride published the following: November 2014 brought about many changes for the oil and gas way of life. For starters, the price for a barrel of crude oil dropped from $115 down to as low as $27. This drop in price has caused chaos to say the least. Over 10,000 jobs have been lost […]

The Times-Picayune: Groups plan to ‘Surround the Superdome’ to stop new Gulf drilling

The Times-Picayune: Groups plan to ‘Surround the Superdome’ to stop new Gulf drilling

The Times-Picayune reports: Environmental groups want President Barack Obama to halt oil and gas leasing in the Gulf of Mexico and for the industry to immediately hire 1,000 new employees to address problems with energy infrastructure. To bring attention to their cause, they hope to convince enough people on their side to meet at the Mercedes-Benz […]

Something’s got to give!

Something’s got to give!

By Don Briggs President, Louisiana Oil and Gas Association November 2014 brought about many changes for the oil and gas way of life. For starters, the price for a barrel of crude oil dropped from $115 down to as low as $27. This drop in price has caused chaos to say the least. Over 10,000 […]

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Historic day for the Louisiana Legislature

Historic day for the Louisiana Legislature

By Don Briggs President, Louisiana Oil and Gas Association The 2015 political election season ushered in a much different looking political landscape for 2016. A new governor has been inaugurated along with a new attorney general and many new legislators in both chambers. While many predicted that 2016 would be a unique time for our […]

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2016 brings continued challenges

2016 brings continued challenges

By Don Briggs President, Louisiana Oil and Gas Association 2015 has come and gone with much fan fair. Crude oil prices dropped to historic lows, natural gas prices took a predictable dive and 250,000 plus jobs were lost around the globe in oil and gas. Due to the downturn, many family driven companies have closed […]

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The Advocate: U.S. rig count drops 48; Louisiana down 5

The Advocate reports: HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 48 this week to 571. The Houston firm said Friday 467 rigs sought oil and 104 explored for natural gas amid depressed energy prices. A year ago, 1,456 rigs […]

Bloomberg: World’s Largest Energy Trader Sees a Decade of Low Oil Prices

Bloomberg reports: Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house. “It’s hard to see a dramatic price increase,” Vitol Group BV Chief Executive Officer Ian Taylor told Bloomberg […]

UPI: Rig contract cancelled for Transocean

UPI reports: ZUG, Switzerland, Feb. 8 (UPI) — Rig company Transocean said Monday its contract for the Discoverer Deep Seas rig in the Gulf of Mexico was canceled nine months early. Murphy Oil Corp. was leasing the deepwater rig from Transocean at a rate of $604,000 per day. The rig company said Monday the contract was […]

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Its Fourth Quarter 2015 Cash Distribution

This post was originally published on this siteMIDLAND, Texas, Feb. 08, 2016 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced that the board of directors of its general partner has declared a cash distribution of $0.228 per common unit for the three-month period ended December […]

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Halcón Provides Update on its Balance Sheet Initiatives

This post was originally published on this siteHouston, TX, Feb. 08, 2016 (GLOBE NEWSWIRE) — Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today provided an update on its balance sheet initiatives. As previously indicated, Halcón continues to proactively explore multiple options to strengthen its balance sheet. Over the course of 2015 the Company […]

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Magnolia Solar and Ecoark Sign Merger Agreement; Plan for Name Change to Ecoark Holdings and Migration to a National U.S. Stock Exchange

This post was originally published on this siteALBANY, N.Y. and WOBURN, Mass., Feb. 04, 2016 (GLOBE NEWSWIRE) — Magnolia Solar Corporation (OTCQB:MGLT) (“Magnolia Solar”) announced that it has signed a Merger Agreement with Ecoark, Inc. (“Ecoark”).  The Merger Agreement was signed on January 29, 2016.  Magnolia Solar will host a shareholder meeting on February 22, […]

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Other Recent Articles

The Times-Picayune: Gov. John Bel Edwards calls special session to consider tax and budget proposals

The Times-Picayune reports: Gov. John Bel Edwards is calling the Louisiana Legislature into a special session focused on fixing the state’s ongoing financial issues through new tax proposals and budget cuts.  In an announcement Friday (Feb. 5) the governor set the special session to run from Feb. 14 at 4 p.m. to March 9 at 6 p.m. The […]

The Times-Picayune: Chevron to cut 385 jobs in Covington, Lafayette

The Times-Picayune reports: Chevron will lay off 385 workers at offices throughout south Louisiana as it sells off all of its shallow water oil and gas fields in the Gulf of Mexico and cuts other costs amid a historic downturn in oil prices. The layoffs include positions at Chevron’s Gulf of Mexico hub in Covington. Chevron, […]

Reuters: Oil prices slide, supply overhang in focus

Reuters reports: Crude oil prices fell on Monday because of lingering concerns over a supply overhang and after a Saudi-Venezuela meeting showed few signs that steps would be taken to boost prices. Global benchmark Brent futures LCOc1 were down 68 cents at $33.38 at 7.12 a.m. ET, while U.S. crude futures CLc1 lost 81 cents to […]