Author Archive: Ben

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.

rss feed

Author's Website →

image_print

Point: US tops world in oil and natural gas jobs, but many more await

Editor’s Note: In this week’s point/counterpoint, writers address this question: Should the U.S. expand oil and gas projects to boost jobs? It’s been a summer of good energy news for American consumers: Memorial Day gas prices averaging $2.36 and Independence Day gas prices at 12-year lows. Americans have been hitting the road in record numbers, […]

By August 18, 2017 0 Comments Read More →

Louisiana deficit plans: Cut list devised for possible gap

Louisiana’s safety-net hospitals, public colleges and local sheriffs housing state prisoners could face cuts, while the opening of Louisiana’s new youth prison facility could be delayed, if the state’s income projections come up short this year. Gov. John Bel Edwards’ administration presented its first ideas for up to $60 million in cuts it would suggest […]

By August 18, 2017 0 Comments Read More →

Hospitals, colleges, sheriffs eyed for budget cuts if Louisiana revenue insufficient

Louisiana’s safety-net hospitals, public colleges and local sheriffs housing state prisoners could face budget cuts, while the opening of the state’s new youth prison could be delayed, if government income projections come up short this year. That’s the take-away from the first round of ideas submitted by Gov. John Bel Edwards‘ administration for as much […]

By August 18, 2017 0 Comments Read More →

Citi: Oil prices likely stuck between $40 and $60 for next 5 years with some shocks along way

Citi’s commodities research team has tempered its outlook for oil prices over the next five years, but it sees room for price shocks if oil supply disruptions increase dramatically or fall off significantly in the coming years. The bank had projected in February that U.S. crude prices would likely trade mostly in a range of […]

By August 18, 2017 0 Comments Read More →

Oil prices end higher after three-session streak of declines

Oil prices finished in the green on Thursday, after posting losses in each of the last three sessions, as traders continued to weigh data showing the biggest weekly fall in U.S. crude supplies in 11 months, but also the highest total domestic production level in more than two years. Thursday’s move higher was “likely just […]

By August 18, 2017 0 Comments Read More →

Australia’s Natural Gas Crisis Could Boost Prices

I wrote a few months back about major problems shaping up in Pacific natural gas markets. With key liquefied natural gas (LNG) exporter Australia threatening to restrict outgoing shipments due to looming domestic shortages. And this week a couple more key developments came down in this unfolding situation. First, Australia’s LNG exports were confirmed as being one […]

By August 18, 2017 0 Comments Read More →

Natural-gas prices edge up as traders parse through revised EIA supply data

Data from the U.S. Energy Information Administration on Thursday showed that domestic supplies of natural gas rose by 53 billion cubic feet for the week ended Aug. 11. The data, however, included revisions to figures for previous weeks tied to a reclassification of natural gas in storage from working gas to base gas. On average, […]

By August 18, 2017 0 Comments Read More →
Gulf oil bidding seen as lackluster

Gulf oil bidding seen as lackluster

A Gulf of Mexico lease sale this week attracted what some analysts and industry officials describe as weak interest from oil and gas companies amid persistent low crude prices. Companies offered $121.1 million in high bids on 90 tracts at Wednesday’s federal lease sale, the Bureau of Ocean Energy Management said. It was the first […]

By August 18, 2017 0 Comments Read More →

ICYMI: Deep Pockets Treasure Hunt Serves Trial Lawyers, Not Louisiana

A treasure hunt for deep pockets. That pretty much sums up the flawed philosophy behind the ongoing legal attack that some politicians and personal injury attorneys are waging against Louisiana’s oil and gas industry. They cloak their campaign in green and purport to carry the banner of environmental justice, but make no mistake: this legal […]

By August 18, 2017 0 Comments Read More →

Has Gulf Of Mexico Production Peaked?

Amid strong indicators that U.S. shale production will reach new heights by the end of 2017, efforts to promote further exploration and production in the Gulf of Mexico, long a center of U.S. energy output, have run into some headwinds. Some even doubt that Gulf production, much of it from expensive off-shore rigs, can compete […]

By August 17, 2017 0 Comments Read More →