Could OPEC pact lead to Louisiana recovery?

OPEC’s stated intention to reduce global oil glut had immediate impacts on the U.S. and Louisiana markets. How long that will last is less certain. Bloomberg reported Wednesday that the 14-member Organization of Petroleum Exporting Countries had for the first time in eight years agreed to tamp down production by 1.2 million barrels a day. […]

By December 2, 2016 0 Comments Read More →

Here’s How Louisiana Is Making America An Energy Superpower

Right now, the U.S. only has one liquefied natural gas (LNG) export terminal. That terminal is located out in Sabine Pass, at the mouth of the Louisiana side of the Sabine River. 2017 is expected to be a great year for domestic energy production. For starters, we will be inaugurating a pro-energy president. Plus, the […]

By December 2, 2016 0 Comments Read More →
BREAKING: OPEC Agrees to Cut Production in Drive to End Record Glut

BREAKING: OPEC Agrees to Cut Production in Drive to End Record Glut

OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years. Crude rose as much as 8.8 percent in London. OPEC will reduce production by 1.2 million barrels a day to 32.5 million […]

By November 30, 2016 0 Comments Read More →
Will Trump Help Independent Operators In The Gulf Of Mexico?

Will Trump Help Independent Operators In The Gulf Of Mexico?

By Gifford Briggs The Louisiana economy needs a kick start, not a kick in the teeth. Unfortunately, the outgoing Obama Administration is making a last gasp effort to hit us where it hurts most—our energy sector. It’s no secret – lower commodity prices, out-of-control regulations, and other factors have challenged the oil and gas industry […]

By December 2, 2016 0 Comments Read More →
Gifford Briggs: Trump – A New Hope?

Gifford Briggs: Trump – A New Hope?

Nearly 40 years ago, Luke Skywalker began his cinematic journey to becoming a Jedi on the big screen. Over a series of blockbuster films, Luke captured the imagination of millions of Americans as he fought Darth Vader, destroyed the death star and saved the galaxy. In the days since the shocking presidential election, some Star […]

By November 18, 2016 0 Comments Read More →
Roadblocks won’t stop us

Roadblocks won’t stop us

We are closing in on the two-year mark for the historic drop in crude oil prices. In the span of 2014-2016, the industry has seen the price for a barrel of oil drop from north of $110 to south of $30. This crash has brought about great hardship for the Louisiana oil and gas industry […]

By November 10, 2016 0 Comments Read More →

BP approves $9 billion Mad Dog project in Gulf, a first since spill

Oil major BP has approved a $9-billion investment in its Mad Dog project in the Gulf of Mexico, its first major new platform in the region since a 2010 explosion at its Macondo well led to the worst offshore disaster in U.S. history. The decision shows confidence that the company can safely operate in the […]

By December 2, 2016 0 Comments Read More →

Louisiana LNG Export Project Clears DOE Hurdle

The U.S. Department of Energy (DOE) on Thursday granted authorization for a proposed liquefied natural gas (LNG) terminal in Lake Charles, La., to export LNG to countries with which the United States has not entered into a free trade agreement (non-FTA approval). “Our Magnolia project team is very pleased to have successfully received this final […]

By December 2, 2016 0 Comments Read More →

Brent Heads for Biggest Weekly Advance Since 2009 on OPEC Pact

Brent oil is headed for its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years, with attention now shifting to compliance with the deal and how other producers will react to a price rally. Futures rose in London and New York, and were poised to climb more than 10 percent […]

By December 2, 2016 0 Comments Read More →

Fairmount Santrol Announces Upsize and Pricing of Secondary Common Stock Offering

This post was originally published on this siteCHESTERLAND, Ohio, Dec. 01, 2016 (GLOBE NEWSWIRE) — Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced the pricing of an upsized secondary public offering of 20,000,000 shares of its common stock by its principal stockholder, ASP FML Holdings, LLC (the “Selling Stockholder”), […]

By December 2, 2016 Read More →

Memorial Production Partners LP Enters Into Forbearance Agreement with Noteholders and Receives Extension of Waiver Under Credit Facility

This post was originally published on this siteHOUSTON, Dec. 01, 2016 (GLOBE NEWSWIRE) — Memorial Production Partners LP (NASDAQ:MEMP) (“MEMP” or “the Partnership”) today announced that it has entered into a forbearance agreement (the “Forbearance Agreement”) with certain noteholders that hold 51.7% of the Partnership’s 7.625% senior notes due 2021 (the “2021 notes”) and hold […]

By December 1, 2016 Read More →

Royale Energy Entered Into a Definitive Merger Agreement With Matrix Oil Management

This post was originally published on this siteSAN DIEGO, Nov. 30, 2016 (GLOBE NEWSWIRE) — Royale Energy, Inc. (OTCQB:ROYL) (“Royale” or the “Company”) and privately held Matrix Oil Management Corporation (“Matrix”) jointly announced today that they have entered into a definitive agreement to merge whereby Royale will acquire substantially all of Matrix, and certain Matrix […]

By November 30, 2016 Read More →

Other Recent Articles

Too Much Money in Judicial Races? You Be the Judge

The recent contest for the 3rd District Supreme Court seat vacated by Judge Jeannette Knoll is over, won 51-49 by Republican Appeals Court Judge Jimmy Genovese over fellow Republican District Court Judge Marilyn Castle; yet troubling questions about the race continue to reverberate. One question concerns the large amount of money spent by both candidates […]

By December 2, 2016 0 Comments Read More →

John Kennedy comfortably ahead in US Senate race, new statewide poll says

Republican U.S. Senate candidate John Kennedy holds a comfortable 14-point margin over his Democratic opponent Foster Campbell 10 days out from the election, according to a statewide poll released Thursday afternoon. Southern Media & Opinion Research, based in Baton Rouge, found that Kennedy leads Campbell 52 percent to 38 percent, according the 500 telephone interviews […]

By December 2, 2016 0 Comments Read More →

Who has Trump picked for his Cabinet so far?

President-elect Donald Trump has made a series of nominations for members of his Cabinet and team of advisers in recent weeks. Here’s our running list: Click here for remainder of article 

By December 2, 2016 0 Comments Read More →