LOGA News

Louisiana oil recession leaves behind growing ‘orphan well’ list

Louisiana oil recession leaves behind growing ‘orphan well’ list

The oil price collapse four years ago that sent operators into bankruptcy and the state into a prolonged recession left Louisiana with another problem: nearly 2,000 new “orphan” oil and gas wells that pose the risk of a slow-moving environmental crisis if left unplugged. “If there is a resurgence in onshore drilling in Louisiana, it’s […]

Colorado, Louisiana & Texas Witness Rise in Onshore Rigs

Colorado, Louisiana & Texas Witness Rise in Onshore Rigs

Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. A change in the Houston-based oilfield services player’s rotary rig count impacts demand for energy services like drilling, completion and production provided by the likes of Halliburton Company […]

78 million-acre oil, gas lease sale in Gulf of Mexico planned in August

78 million-acre oil, gas lease sale in Gulf of Mexico planned in August

Federal regulators plan to auction about 78 million acres of offshore oil and gas leases in the western, central and eastern Gulf of Mexico next month. The region-wide lease sale, which is set for Aug. 15, includes all unleased areas in the Gulf’s federal waters, including offshore Louisiana as well as Alabama, Florida, Mississippi and […]

The U.S. Could Soon Reclaim The World’s Oil Crown

The U.S. Could Soon Reclaim The World’s Oil Crown

It’s a gusher. U.S. oil production could reach 11.8 million barrels a day next year, the U.S. Energy Information Administration predicts in its July short-term energy outlook. That would make it the world’s biggest oil producer, ahead of Saudi Arabia and Russia, for the first time since the mid-1970s. As a result, American oil imports […]

CME, Cheniere to develop first U.S. LNG futures contract

CME, Cheniere to develop first U.S. LNG futures contract

CME Group Inc said on Tuesday it will develop the first physically deliverable U.S. liquefied natural gas futures contract as growing worldwide demand has made the United States a key LNG exporter. CME said the contract will take delivery at Cheniere Energy Inc’s Sabine Pass LNG export terminal in Louisiana. It could not say when […]

Conservative groups push for House vote on anti-carbon-tax measure

Conservative groups push for House vote on anti-carbon-tax measure

Conservative groups are pushing GOP House leaders to allow a vote on a non-binding resolution to condemn carbon taxes. Eighteen organizations, including Americans for Tax Reform, the Competitive Enterprise Institute and FreedomWorks, say it is important for House Republicans to vocally denounce potential taxes on carbon dioxide emissions, even as some push for conservatives to […]

Fifth Circuit Gives OK to Louisiana Pipeline

Fifth Circuit Gives OK to Louisiana Pipeline

The U.S. Army Corps of Engineers properly approved construction of a pipeline through the largest river swamp in North America – authorizing the destruction of acres of old-growth trees – a divided Fifth Circuit ruled Friday. The 162-mile Bayou Bridge Pipeline will run from Lake Charles, Louisiana, to a terminal about 60 miles west of […]

Court: Louisiana Oil Pipeline Construction Allowed to Continue

Court: Louisiana Oil Pipeline Construction Allowed to Continue

Construction of a crude oil pipeline through Louisiana’s environmentally fragile Atchafalaya Basin swamp can continue under a federal appeals court decision handed down Friday. A divided panel of the 5th U.S. Circuit Court of Appeals vacated a lower court’s preliminary injunction blocking construction of the Bayou Bridge Pipeline. The 2-1 decision was a victory for […]

Frac Sand Firm Shale Support Buys Two Mines in Louisiana

Frac Sand Firm Shale Support Buys Two Mines in Louisiana

Frac sand and logistics services provider Shale Support LLC recently acquired two natural sand mines in Louisiana, more than doubling its annual capacity, the company announced in a June 20 press release. “Shale Support’s geographic proximity to the Haynesville, Austin Chalk, and Eagle Ford Shale areas, in addition to our ability to use Norfolk Southern […]

U.S. oil firms use shale know-how to revitalize old oilfields

U.S. oil firms use shale know-how to revitalize old oilfields

Land is still cheap in the formation, which has helped lure more producers. Conoco leased its land for less than $5,000 an acre. That compares with as much as $75,000 an acre in the Permian Basin in West Texas and New Mexico, the center of U.S. shale drilling and its largest oilfield. About 350 Austin […]