Local oil and gas producers predict controversial EPA rule will soon include existing facilities

Local oil and gas producers predict controversial EPA rule will soon include existing facilities

Oil and gas producers fear that existing facilities will be included in a controversial federal directive requiring all methane from new or modified sources to be contained and transported off site rather than flare burned. As 10/12 Industry Report details in a feature from the new quarterly issue, The U.S. Environmental Protection Agency issued the […]

Protesters arrested ahead of New Orleans oil lease sale

Protesters arrested ahead of New Orleans oil lease sale

Four protesters opposed to federal oil lease sales were arrested Tuesday (Aug. 23) at the Elmwood building where the leasing agency has offices, an attorney said. The four were among about a dozen protesters who walked to the Bureau of Ocean Energy Management office building with a copy of an online petition they said had garnered […]

4 Arrested in Protest Against Federal Oil Lease Sales

4 Arrested in Protest Against Federal Oil Lease Sales

Four protesters opposed to federal oil lease sales were arrested Tuesday at the suburban New Orleans building where the leasing agency has offices, an attorney said. The four were among about a dozen protesters who walked to the Bureau of Ocean Energy Management office building with a copy of an online petition they said had garnered […]

Lease Sale = More Drilling More Jobs

Lease Sale = More Drilling More Jobs

By Don Briggs President, Louisiana Oil and Gas Association The Bureau of Ocean Energy Management (“BOEM”) held their most recent Gulf lease sale, Western Sale 248, this past Wednesday. This was the first federal offshore oil and gas auction to be broadcast live on the internet. At the lease sale 23.8 million acres in the […]

Crude Oil Market Coming Into Balance

Crude Oil Market Coming Into Balance

By Don Briggs President, Louisiana Oil and Gas Association Through this September, global demand for crude oil will exceed global supply by nearly 1 million barrels per day, according to the International Energy Agency, a Paris based think tank that monitors oil trends.  This is nearly a 3 million barrel swing in crude oil supply […]

A Clear Message: Extortion

A Clear Message: Extortion

By Don Briggs President, Louisiana Oil and Gas Association This past Thursday the District Attorney for the 15th Judicial District, Keith Stutes, announced the filing of litigation against 49 oil and gas defendants on behalf of Vermilion Parish. This suit follows the same misguided thought process of the lawsuits recently filed by Cameron, Jefferson, and […]

Oil falls towards $49 on high output, strong dollar

Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger U.S. dollar weighed on commodities. Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday. Top exporter Saudi Arabia has kept […]

Oil Pessimists Exit as OPEC Cap Talk Spurs Bets Glut Easing

Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally. Futures have climbed 23 percent in less than three weeks as some OPEC members raised the possibility of an output freeze amid signs the global glut is easing […]

Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail

Iraq’s government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Iraq’s State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly next week, about Iraqi oil exported through Turkey, […]

Dalmac Energy Inc. Financing Arrangement and Asset Sale

This post was originally published on this siteEDMONTON, Alberta, Aug. 30, 2016 (GLOBE NEWSWIRE) — Dalmac Energy Inc. (“Dalmac”) (TSX-V:DAL) wishes to announce that on August 18, 2016 it entered into a financing arrangement with BDC Capital Inc. for $1.5 million (the “Loan”), as the borrower (the “Initial BDCC Financing”). The Loan shall be repayable […]

By August 30, 2016 Read More →

Jones Energy, Inc. Completes Anadarko Basin Acquisition

This post was originally published on this siteAUSTIN, Texas, Aug. 26, 2016 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or the “Company”) today announced the closing of its previously announced acquisition of producing and undeveloped oil and gas assets in the Anadarko Basin for an as-adjusted closing purchase price of approximately $26.3 million, […]

By August 26, 2016 Read More →

Noble Energy to Present at Upcoming Energy Conference

This post was originally published on this siteHouston, Aug. 26, 2016 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) announced today that David L. Stover, the Company’s Chairman, President and CEO, will present at the Barclays’ 2016 CEO Energy-Power Conference on Wednesday, September 7, 2016 at 9:45 a.m. Eastern Time.  The presentation will be webcast […]

By August 26, 2016 Read More →

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Will Environmentalists Bring The American Oil Industry To A Halt Again?

American environmentalists brought the American oil industry to a halt before, helping Saudi Arabia become the world’s largest oil producer. And they will do it again, if they manage to halt fracking. That would be good news for investors on the long side of the oil market, but it’s bad news for America, as it […]

Louisiana GOP rejects censure of Dardenne, Angelle for not endorsing Vitter

The Republican Party of Louisiana overwhelmingly rejected a proposal Saturday (Aug. 27) to censure Public Service Commissioner Scott Angelle and state budget chief Jay Dardenne for refusing to endorse fellow Republican David Vitter in last year’s governor’s race. The Republicans killed the resolution with a loud voice vote, meaning no official roll call was taken […]

How does historic Louisiana flood change upcoming Baton Rouge mayor’s race?

For the third time this summer, Baton Rouge’s mayor-president race has a new issue at its forefront as residents look to rebuild from recent flooding and search for a vision of how the city-parish can heal after multiple tragedies over a short time span. The flooding in East Baton Rouge parish alone is estimated to […]