Author Archive: Jordan Gleason

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ANALYSIS: OPEC looks bewildered by global oil market

It may be too soon to write OPEC’s obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of where it is, how it got there or where it’s going. While it still manages to collect new members here and there, its core group looks more fragile than […]

ExxonMobil to Climate-Change Activists: Chew on This

At the company’s annual shareholder meeting this May, roughly 62% of the votes were in favor of having ExxonMobil (NYSE: XOM) more deeply analyze and disclose the risks posed to its business from climate change. That was up sharply from 38% of the vote a similar proposal garnered in 2016. Shareholders large and small clearly […]

Oil Falls Prey to ‘Hungry’ Bears as Investors Drop Bets on Rally

Bears are dominating the oil market. Hedge funds cut bets on rising West Texas Intermediate crude prices by 31 percent in the week ended June 20, pushing their net bullish position to the lowest in 10 months just as the U.S. benchmark slipped into a bear market. Wagers on declining prices reached a new high […]

Clogged oil arteries slow U.S. shale rush to record output leftright 3/3leftright

A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world’s largest fuel markets. If its last stop is one of the region’s struggling refineries – an increasingly unlikely prospect – the crude […]

Louisiana Spotlight: Gov. John Bel Edwards tries this new tactic in tax negotiations

Repeatedly hitting a wall of opposition from House Republicans, Gov. John Bel Edwards is trying a new tactic for the next round of tax negotiations, telling GOP leaders to get behind a plan or get ready for the slash-and-burn budget cuts that come with inaction. The Democratic governor was unable in the recently ended legislative […]

All Eyes On OPEC As Oil Prices Sink

Oil prices have been falling throughout the week, hitting a 10-month low on Wednesday, but Friday trading has seen a slight recovery. Oil prices hit ten-month lows this week, pushing crude oil well into bear market territory. Hopes of the OPEC deal balancing the market are fading fast. The plunging price took a breather on […]

PLANO Awards Briggs with Meritorious Service Award

PLANO Awards Briggs with Meritorious Service Award

On June 19, 2017 Don Briggs, President of the Louisiana Oil and Gas Association, was  awarded the Meritorious Service Award in recognition of his many years of support to the Professional Landmen’s Association of New Orleans (PLANO). “This award officially makes me a landman,” said Don Briggs, President of the Louisiana Oil and Gas Association. […]

‘Baby storm’ Cindy moves out

‘Baby storm’ Cindy moves out

Local officials were hoping the worst was over Thursday evening after Cindy made landfall in the morning and weakened into a tropical depression. In the afternoon, the National Weather Service reported the storm was about 45 miles south of Shreveport, moving at 10 mph. By Thursday, Cindy had dumped 5.68 inches of rain on Houma […]

EQT’s acquisition of Rice Energy creates the leading US and Appalachian natural gas producer

On June 19, EQT Corporation (NYSE:EQT) entered into an agreement to acquire Rice Energy (NYSE:RICE) for 8.2 billion USD. In summary, EQT financing includes 5.4 billion USD in equity, 1.3 billion USD in cash and 1.5 billion USD assuming or refinancing of Rice net debt and preferred equity. According to Rystad Energy data, the deal […]

Steve Scalise ‘doing well,’ Paul Ryan says after hospital visit

House Speaker Paul Ryan said he visited Rep. Steve Scalise in the hospital Thursday morning (June 22), finding the Louisiana congressman’s “spirits are up” eight days after being shot at a GOP team baseball practice. Ryan, R-Wis., said Scalise craved updates on work as he recovers at MedStar Washington Hospital Center. “He seemed like he’s […]