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Cheniere Energy turns first quarterly profit with LNG exports

Cheniere Energy turns first quarterly profit with LNG exports

Exporting liquefied natural gas is officially profitable for the first time, Houston’s Cheniere Energy reported Tuesday. After becoming the first U.S. company to begin exporting LNG early last year, Cheniere on Tuesday reported its first quarterly profit now that revenue is streaming in regularly. Cheniere posted a $110 million fourth-quarter profit, compared with a $291 million […]

By February 28, 2017 0 Comments Read More →
Gulf rig count remains steady

Gulf rig count remains steady

The Gulf of Mexico rig count remained steady last week as the U.S. count continues to rise. The Gulf rig count, a key barometer for Houma-Thibodaux’s oil-based economy, stood at 17 Friday, according to weekly figures from Houston-based oilfield-services company Baker-Hughes. The count remains the same from last week, but is down 10 from the […]

By February 27, 2017 0 Comments Read More →
As Bayou Bridge Pipeline draws protests, northeast Louisiana project moves forward: report

As Bayou Bridge Pipeline draws protests, northeast Louisiana project moves forward: report

As the emotional fight against the proposed Bayou Bridge Pipeline continues, a planned expansion of a natural gas pipeline in northeast Louisiana is set to begin with barely a word of protest. Work on the $170 million expansion, known as the Southwest Louisiana Supply Project, is set to begin as soon as March 1, according […]

By February 24, 2017 0 Comments Read More →
Groundhog Day: Louisiana’s Endless Budget Battle

Groundhog Day: Louisiana’s Endless Budget Battle

Well, it’s a new year here in Louisiana, but not much has changed. A new year means another budget deficit, which means yet another legislative rumpus over who and or what will foot the bill. Last year it was approximately a $940 million budget shortfall. This year it is a $304 million mid-year deficit, and […]

By February 23, 2017 0 Comments Read More →
Tellurian: Cramer’s Top Takeaways

Tellurian: Cramer’s Top Takeaways

In an “Executive Decision” segment, Cramer spoke with Charif Souki, former head of Cheniere Energy (LNG) and now the co-founder and chairman of Tellurian(TELL) , a stock that was up 12.1% today.  Souki was extremely bullish on our country’s ability to export more natural gas. He said the U.S. has over 100 years’ worth of reserves and is […]

By February 23, 2017 0 Comments Read More →
U.S. Could Be the World’s Largest LNG Supplier by 2035

U.S. Could Be the World’s Largest LNG Supplier by 2035

NG has grown significantly in the past decade, and is poised to grow even more in the next 20 years. While the vast majority of LNG has historically been supplied by Qatar and Australia, new projects coming online will bring the U.S. into the market. Cheniere’s (ticker: LNG) Sabine Pass terminal, in Louisiana, is a […]

By February 22, 2017 0 Comments Read More →
Pros and cons of the Bayou Bridge pipeline

Pros and cons of the Bayou Bridge pipeline

The pipeline project is expected to create approximately 2500 construction jobs, and produce US$17.6 million in sales taxes during construction and US$1.8 million in property taxes in its first year being operational. Professor David Dismukes, CES Executive Director, discussed the project: “[It] will help expand Louisiana’s energy economy by creating jobs and leveraging existing in-state […]

By February 21, 2017 0 Comments Read More →
Will the jobs return?

Will the jobs return?

“There is a real concern,” said Gifford Briggs, vice president of the Louisiana Oil and Gas Association. “We continue to improve in technology, and we continue to need fewer rigs, which means we need fewer people. There’s reason for concern that even though we have a recovery, it’s not going to look like where we […]

By February 21, 2017 0 Comments Read More →
Chesapeake Energy sells assets in Haynesville Shale area

Chesapeake Energy sells assets in Haynesville Shale area

On Tuesday, Chesapeake announced they would add 3 drilling rigs to the Haynesville area and place 35 wells on production in 2017. Gifford Briggs, Acting President of the Louisiana Oil & Gas Association says the sale is a natural part of business that could be to the benefit of both companies. Chesapeake says the sale […]

By February 20, 2017 0 Comments Read More →
Covey Park acquires Haynesville assets

Covey Park acquires Haynesville assets

Covey Park Energy has acquired some $465 million in assets in north Louisiana’s Haynesville shale area from Chesapeake Energy, the company announced this week. A news release issued Wednesday confirmed the sale, which had been tentatively revealed by Chesapeake two months ago. Covey Park said through a spokesman the deal was financed with equity investments […]

By February 17, 2017 0 Comments Read More →