The Advocate: Oilpatch woes, state budget problems

The Advocate: Oilpatch woes, state budget problems

The Advocate reports: Louisiana’s oilpatch woes are far from over and may not end while Saudi Arabia remains at war with U.S. producers, said Don Briggs, president of the Louisiana Oil and Gas Association. “We are going to see more bankruptcies. We will see mergers and acquisitions,” Briggs said Monday during the weekly meeting of […]

By September 1, 2015 0 Comments Read More →
Baton Rouge Business Report: Briggs says tax break on horizontally drilled wells keeps Louisiana competitive

Baton Rouge Business Report: Briggs says tax break on horizontally drilled wells keeps Louisiana competitive

The Greater Baton Rouge Business Report disclosed: The head of the Louisiana Oil and Gas Association today defended a state tax break for horizontally drilled oil and gas wells that an audit says has cost Louisiana more than $1.1 billion in revenue since 2010. The audit, released Aug. 24 by the state Legislative Auditor’s Office, […]

By September 1, 2015 0 Comments Read More →
The Times-Picayune: The state of Louisiana oil and gas is ‘not pretty’ according to industry leader

The Times-Picayune: The state of Louisiana oil and gas is ‘not pretty’ according to industry leader

The Times-Picayune reports: The Louisiana oil and gas industry has hit record lows in several areas over the past year, and it’s not clear when it will rebound, according to Don Briggs, president of the Louisiana Oil & Gas Association. “It’s not a pretty picture,” said Briggs of the current state of the oil and […]

By September 1, 2015 0 Comments Read More →
Current downturn could be new normal

Current downturn could be new normal

By Don Briggs President, Louisiana Oil and Gas Association The cat has long been let out of the bag. Saudi Arabia and OPEC have a goal to end the growth of the U.S. shale market. U.S. crude oil production has grown from five million barrels of crude oil a day to around 10 million a […]

By August 17, 2015 0 Comments Read More →
Money shows true colors

Money shows true colors

By Don Briggs President, Louisiana Oil and Gas Association The rulings have officially been passed down regarding just how much BP will pay as a result of the Macondo spill of 2010 in the Gulf of Mexico. BP will pay out around $18.7 billion to the federal government, the State of Louisiana as well as […]

By July 29, 2015 0 Comments Read More →
Iran agreement is two-headed monster

Iran agreement is two-headed monster

By Don Briggs President, Louisiana Oil and Gas Association   The United States oil market took a drastic fall in November of 2014 due to a very specific reason. The Organization of Petroleum Exporting Countries (OPEC) decided at their Fall meeting that they would not be reducing the amount of crude oil exported on the […]

By July 20, 2015 0 Comments Read More →

FuelFix: W&T Offshore to sell Permian assets for $376 million

FuelFix reports: HOUSTON — W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices. “This sale will allow us to strengthen our balance sheet and improve our […]

By September 1, 2015 0 Comments Read More →

Bloomberg: Oil’s Strongest Rally in 25 Years Stalls as Supply Seen Rising

Bloomberg reports: Oil pared its biggest three-day rally in 25 years as speculation faded that OPEC may coordinate supply restraint with other nations to tackle the global crude surplus. Futures slipped 1.9 percent in New York after surging 27 percent in the three days through Monday, the most since August 1990. Prices fell as Chinese manufacturing […]

By September 1, 2015 0 Comments Read More →

Houston Business Journal: Cameron sells offshore rig business

The Houston Business Journal reports: Houston-based Cameron International Corp. (NYSE: CAM) has agreed to sell its offshore rig business to the U.S. subsidiary of a Singapore-based company for $100 million. The business unit includes Cameron’s Letourneau jackup rig designs, rig kit business and aftermarket services. The buyer, Houston-based Keppel Offshore & Marine USA Inc., will […]

By September 1, 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

The Times-Picayune: Scalise to explain opposition to Iran deal at Jefferson town hall

The Times-Picayune: WASHINGTON – House Majority Whip Steve Scalise, R-Jefferson, has scheduled a town hall meeting Wednesday (Sept. 2) at 6 p.m. in the Jefferson Parish East Bank Council Chamber on the nuclear deal the United States and five other nations signed with Iran. He will be joined by Michael Rubin, an American Enterprise Institute […]

By September 1, 2015 0 Comments Read More →

The New York Times: Iran Nuclear Deal Gains Momentum With Endorsements of Four House Democrats

The New York Times reports: Three House Democrats from New York and a House Democrat from Florida who is running for a Senate seat endorsed President Obama’s nuclear deal with Iran on Monday, lending fresh momentum to the pact from political quarters that once appeared most leery of it. In rapid succession, Representatives Nydia M. […]

By September 1, 2015 0 Comments Read More →

FuelFix: Ad campaign launched to pressure senators on oil exports

FuelFix reports: WASHINGTON — A group fighting oil exports is launching commercials in five states to try to pressure lawmakers ahead of possible votes in Congress. The ads from the newly formed organization Allied Progress are set to run on cable and broadcast television networks over the next four days in Colorado, Maine, Montana, New […]

By September 1, 2015 0 Comments Read More →