Political Horizons: Oil prices could play big role in estimating Louisiana’s revenue; here’s why

Political Horizons: Oil prices could play big role in estimating Louisiana’s revenue; here’s why

Louisiana Senate President John Alario recalls a time when lawmakers huddled on the House floor to resolve budget debates by deciding the price of oil. Their purpose was to skirt political intransigence by simply adding 50-cents or so to the average annual price per barrel to give the formula that determined how much state government […]

By December 10, 2018 0 Comments Read More →
Survey: Louisiana 10th-most attractive location worldwide for petroleum development; Texas is first

Survey: Louisiana 10th-most attractive location worldwide for petroleum development; Texas is first

Louisiana is the 10th-best place in the world to invest petroleum exploration and development, according to a recent survey by the Fraser Institute, a Canadian think tank. The state ranked 20th in the same survey last year and 18th the year before. Offshore U.S. Gulf of Mexico ranked eighth in this year’s survey. Texas ranked first, followed […]

Louisiana governor election: Here’s who’s in, who’s out of 2019 race

Louisiana governor election: Here’s who’s in, who’s out of 2019 race

With less than a year left before the next Louisiana governor’s election, a number of candidates have announced their candidacy while far more have declared they won’t run. The 2019 election will be Oct. 12, with a Nov. 16 runoff if no candidate gets more than 50 percent of the vote in the primary. The […]

From the President’s Desk: Changing The Trajectory 

From the President’s Desk: Changing The Trajectory 

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  The Plaquemines Parish Council recently voted 4-3 in favor of withdrawing from a set of coastal lawsuits filed against oil and gas companies operating in the parish. It would seem only logical to assume that with a 4-3 vote the Council would have successfully […]

Severance Tax: How does Louisiana stack up?

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  “No taxation without representation!” the slogan that originated during the 1700s and started a Revolution. In the past 300 years, very little has changed with regards to our view of taxes. Who do we tax? What do we tax? Fair tax, flat tax, internet […]

By September 14, 2018 0 Comments Read More →
Elections: What’s at Stake

Elections: What’s at Stake

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  If there ever were a time in U.S. history when the phrase “elections have consequences” would be most accurate, now would be that time. The contrast between the past and current United States President could not be more different. Under President Obama, we experienced […]

OPEC-Russia deal boosts oil prices

The big energy market news over the weekend was OPEC and Russia agreeing in Vienna Friday to curb output by 1.2 million barrels per day compared to October levels. Why it matters: The decision to curb output starting in January quickly boosted prices a bit, though they remain far below where they were 2 months ago. The global […]

By December 10, 2018 0 Comments Read More →

Oklahoma’s future rests in the hands of two very different oil billionaires

George Kaiser, a 76-year-old Oklahoma banker and oilman giving away almost his entire $10.5 billion fortune, wants higher taxes on his own industry. He’s bankrolling trendy neighborhoods in Tulsa, an early-childhood education program and a movement toward criminal-justice reform. Kaiser says his priority is to wean the state’s economy from “cyclical, commodity-based industry.” Harold Hamm, founder […]

By December 10, 2018 0 Comments Read More →

OPEC delays oil output decision pending Russia talks

OPEC countries hoping to support the price of oil put off their decision Thursday on how much to reduce oil production until they negotiate with ally Russia on Friday on how much it will contribute to the cut. Some saw it as a sign that the group of oil-producing nations may not have the political […]

By December 10, 2018 0 Comments Read More →

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 […]

By December 20, 2017 Read More →

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 […]

By December 20, 2017 Read More →

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 […]

By December 19, 2017 Read More →

Other Recent Articles

OPEC and its allies seek the nirvana of crude oil “balance”

The key concept in the wake of the decision to reduce crude oil output by OPECand its allies is “balance”. It’s something everybody in the market says they want, but they all have different ideas of what it means and how to get there. Boiled down to the basics, both the Organization of the Petroleum Exporting […]

By December 10, 2018 0 Comments Read More →

Australia grabs world’s biggest LNG exporter crown from Qatar in Nov

Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday. The surge in Australian exports follows the start up of a number of export projects in the country over the past three years, most recently the Ichthys project offshore […]

By December 10, 2018 0 Comments Read More →

U.S. liquefied natural gas export capacity to more than double by the end of 2019

EIA projects that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Currently, U.S. LNG export capacity stands at 3.6 Bcf/d, and it is expected to end the year at 4.9 […]

By December 10, 2018 0 Comments Read More →