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While industry is encouraged by regulation postponements, DEQ fears funding cuts might slow permitting

While industry is encouraged by regulation postponements, DEQ fears funding cuts might slow permitting

Gifford Briggs, vice president of the Louisiana Oil and Gas Association, says oil and gas industry concerns about a ban on hydraulic fracking have virtually disappeared under the new EPA. “We’re no longer under the constant threat that we’re going to wake up tomorrow and the most important factor in industry is going to be […]

Small Louisiana Oil and Gas Service Companies – Where and How Do We Fit in…

Small Louisiana Oil and Gas Service Companies – Where and How Do We Fit in…

The Lafayette International Center is pleased to invite you to a luncheon presenting our guest speaker Mr. J. David Payne, VP, Global Drilling and Completions, Chevron Corporation. Mr. Payne will discuss the new business models being implemented by the major companies in the industry using Chevron’s current global business operation model to inform small Louisiana […]

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 →
Gulf of Mexico Region-Wide Oil and Gas Lease Sale Yields $121 Million in High Bids on 508,096 Acres

Gulf of Mexico Region-Wide Oil and Gas Lease Sale Yields $121 Million in High Bids on 508,096 Acres

U.S. Secretary of the Interior Ryan Zinke today announced that the region-wide Gulf of Mexico lease sale generated $121,143,055 in high bids for 90 tracts covering 508,096 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the sale, submitting 99 bids totaling $137,006,181. The sale offered the largest […]

By August 17, 2017 0 Comments Read More →
Louisiana port project could define ceiling for shale oil demand

Louisiana port project could define ceiling for shale oil demand

A proposed Louisiana port project could define the ceiling for the future of the Texas shale oil boom, according to a new report. While Houston and Corpus Christi are leading the way in the burgeoning crude oil export industry, they could be surpassed by proposed plans to turn the Louisiana Offshore Oil Port into a […]

By August 16, 2017 0 Comments Read More →

Gavel pounds for first Gulf of Mexico oil and gas lease under Trump

An offshore trade group said the lower-for-longer climate for oil prices may keep bidders at bay for a lease Wednesday for the Gulf of Mexico. U.S. Interior Secretary Ryan Zinke unveiled plans in July for an auction for 75.9 million acres off the southern coast for oil and gas exploration and development. Wednesday’s auction is the first time that […]

By August 16, 2017 0 Comments Read More →
LOGA Drilling Report: Who is King of Drilling?

LOGA Drilling Report: Who is King of Drilling?

Two sides of the drilling picture for sure, but who is top dog in Louisiana’s drilling scene.  Watch the latest LOGA Drilling Report to figure it out for yourself. Click here to view the latest LOGA Drilling Report

By August 15, 2017 0 Comments Read More →
ICYMI: LOGA Executive Sees Huge Litigation Costs for O&G Companies

ICYMI: LOGA Executive Sees Huge Litigation Costs for O&G Companies

One Louisiana Association executive stated that the total costs could even get into the tens of billions. “If you carry it all the way out and at the end of the day and the industry loses, which we don’t believe we will, the numbers get thrown around are $30, $40, $50 billion,” stated Gifford Briggs, […]

By August 15, 2017 0 Comments Read More →
A friend, an oilman and a Louisianan

A friend, an oilman and a Louisianan

Every two years, the Louisiana Gulf Coast Oil Exposition gives a ceremonial golden hardhat, and the recipient of this award is named the LAGCOE Looey. Originally, a “Looey” was your average Joe who worked in the oilfield: the guy who has everyone on the rig cracking up, stealing your lunch, using your tools and, from […]

By August 14, 2017 0 Comments Read More →