Author Archive: Admin

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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QEP Resources Exits Haynesville In $735 Million Sale To Aethon Energy

QEP Resources Exits Haynesville In $735 Million Sale To Aethon Energy

QEP Resources Inc. (NYSE: QEP) said Nov. 19 it will exit the Haynesville Shale region in a divestiture set to finalize the company’s Permian pure-play strategy. Aethon III, an affiliate of Dallas-based private investment firm Aethon Energy Management LLC, agreed to buy QEP’s Haynesville/Cotton Valley business in northwest Louisiana for $735 million. Aethon III is an […]

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Natural gas production to rise by a third if output locked in ONGC, OIL fields opens up

India’s natural gas production will rise by a third provided the output locked in a dozen fields of state-owned ONGC and OIL is opened up by giving remunerative market prices, people with knowledge of the matter said. India currently produces about 90 million standard cubic meters per day (mmscmd) of natural gas and has ambitious […]

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The Newest Sweet Spots In U.S. Shale

Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place in the fastest-growing U.S. shale region, thanks to the Permian’s lower breakeven prices compared to other shale plays. The Permian continues to be a coveted […]

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IEA Chief Urges Oil Producers Not To Cut Output

While OPEC is considering cutting oil production again, the executive director of the International Energy Agency (IEA), Fatih Birol, called on Monday for ‘common sense’ because fresh cuts could have negative effects on the oil market. “Currently markets are very well supplied but we should not forget that spare capacity in Saudi Arabia is very […]

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This Diplomatic Breakthrough Could Slam Oil Prices

Iraq is set to bring long disrupted oil back online, adding fresh barrels to a market already weighed down by ample supplies across the globe. A little over a year ago, Kurdistan held a referendum on independence from Iraq, which passed with overwhelming support. The vote was non-binding, but was meant to lay down a […]

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Clearlake’s IronGate, Knight Merger Expands North American Oil, Gas Rental Services

Private equity giant Clearlake Capital Group LP is merging portfolio companies IronGate Energy Services and Knight Oil Tools to create Knight Energy Services as one of the largest independent oil and gas rental tool companies in North America. The merged company, to be headquartered in Houston, would provide rental and tubular services, manufacturing packages, drilling […]

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Wanhua to move forward with $1.25B chemical plant in Louisiana

Chinese chemical giant Wanhua has selected a Louisiana location for a $1.25 billion chemical manufacturing complex. The governor’s office announced that Wanhua Chemical selected Convent in St. James Parish for the complex. The firm said the project will create 170 new direct jobs. State officials said in a Friday news release that Wanhua will begin […]

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Spending oversight issues at Louisiana tourism agency

Louisiana’s tourism department didn’t properly track spending, follow payroll policies or collect appropriate park fees, the legislative auditor’s office said in a report released Monday. Legislative Auditor Daryl Purpera’s office dug into spending in Lt. Gov. Billy Nungesser’s office and his Department of Culture, Recreation and Tourism from July 2016 through June 2018 and found […]

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Welcome To The 2019 Election Cycle, And Gov. Edwards’ False Re-Election Narrative

The mid-terms are over, the gubernatorial race has begun in earnest. Social media is replete with Gov. John Bel Edwards and his minions taking credit for all sorts of great accomplishments some real, some imagined. The main theme that is emerging from all this chatter is “are you better off today than you were three […]

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Can we expect a major rebound in oil prices?

WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-million-barrel increase in crude […]

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