Author Archive: Jordan Gleason

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Oil falls as stronger dollar eclipses U.S. inventory drop

EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 million barrels per day (b/d) and account for nearly 70% of total U.S. production. Tight oil production made up 54% of the U.S total in 2017. Development […]

By February 22, 2018 0 Comments Read More →

OPEC balancing act depends on over-performance

Compliance with the OPEC-led effort to balance the market with production cuts was supported by “several over-performing countries,” a committee said. The Organization of Petroleum Exporting Countries, with support from non-member states like Russia, are in year two of an effort to drain a surplus from the five-year average of crude oil inventories held by […]

By February 22, 2018 0 Comments Read More →

Apache Corp. looks beyond U.S., but bets heavy on shale

From the Permian shale basin in Texas, to emerging potential in Egypt, U.S. energy company Apache Corp. said it expects to see an active 2018. Apache ended 2017 with $1.7 billion in cash on hand, a 21 percent improvement from the year prior. That was supported, however, by about $1.4 billion in the sale of […]

By February 22, 2018 0 Comments Read More →

Continental Resources posts record for Bakken shale production

Net production from the Bakken shale reservoir in North Dakota set an all-time high for the company in the fourth quarter, Continental Resources said. Continental is one of the more active U.S. shale players, with its average of six rigs in the Bakken shale planned this year representing about 10 percent of the total active […]

By February 22, 2018 0 Comments Read More →

Capitol Views: Tax negotiations show signs of stress, fate of session shaky

It only took three days of legislative action on the House side to reveal that tax negotiations dating back several months yielded nothing in the form of an actual agreement prior to the start of this special session. The House Ways and Means Committee convened this morning in hopes of voting on critical tax bills, […]

By February 22, 2018 0 Comments Read More →

The Rundown: Tax talk stalls out at first hurdle, and more news in Louisiana politics today

Today in The Rundown: Lawmakers locked over best approach toward addressing the fiscal cliff; regulators look for utility relief; LSU task force unveils anti-hazing policies; and everything else you need to know in Louisiana politics today. Countdown…  Days until the special session must end: 13 Days until the 2018 regular legislative session begins: 18 Days until the 2018 […]

By February 22, 2018 0 Comments Read More →

Foes blast Trump on offshore drilling; industry pushes back

Environmental activists, business groups and a retired U.S. Navy admiral in Virginia blasted the Trump Administration’s offshore drilling plan Wednesday, claiming that it would interfere with military training near the world’s largest Navy base and imperil the coast’s tourism and fishing industries. The group converged near a hotel conference room in Richmond, the Virginia capital, […]

By February 22, 2018 0 Comments Read More →

Attack on fossil fuels industry ominous: McGOVERN

Bless or curse oil and natural gas, but don’t downplay their importance in our lives, from keeping the lights on to health care.  People suffering from strokes, emphysema or even the flu are being treated with medicines made from chemicals derived from oil or gas. The extent of the medical system’s dependence on oil and […]

By February 22, 2018 0 Comments Read More →
Why Louisiana lawmakers are struggling with critical tax proposal in stalled special session

Why Louisiana lawmakers are struggling with critical tax proposal in stalled special session

With an increasingly narrow window for approving revenue-raising measures ahead of a looming budget gap, the Louisiana Legislature’s efforts hit the skids on Wednesday as lawmakers quarreled over the best route to take. Tax legislation seen as critical to avoiding the looming “fiscal cliff” was blocked — at least temporarily — in a House committee Wednesday morning, the […]

By February 22, 2018 0 Comments Read More →

U.S. Ethane Consumption, Exports to Increase as New Petrochemical Plants Come Online

Over the next two years, EIA’s Short-Term Energy Outlook (STEO) projectsgrowth in U.S. consumption of ethane in the petrochemical industry will exceed increases in consumption of all other petroleum and liquid products—such as motor gasoline, distillate, and jet fuel—combined. EIA also projects that ethane exports will continue increasing, as ethane is exported both by pipeline […]

By February 21, 2018 0 Comments Read More →