LOGA News

U.S. is now the world’s top oil producer, Energy Department says

U.S. is now the world’s top oil producer, Energy Department says

The United States is producing 11 million barrels of crude oil per month, becoming the world’s top crude producer for the first time in more than 40 years, the U.S. Energy Information Administration said Wednesday. The EIA said U.S. production of crude oil surpassed Saudi Arabia in February and then exceeded Russia in June and […]

By September 13, 2018 0 Comments Read More →
US Senator John Kennedy offers lifeline to drilling states, proposes no tariff on chinese barite

US Senator John Kennedy offers lifeline to drilling states, proposes no tariff on chinese barite

U-S Senator John Kennedy, (R-LA.) says “Oil and gas is hugely important to Louisiana.” This makes the bayou state much more than just a sportsman’s paradise. Senator Kennedy says Louisiana’s gross domestic product is somewhere in the neighborhood of $200 to $220 billion dollars…   Click Here For Remainder of Article

By September 12, 2018 0 Comments Read More →
Haynesville shale formation sees boost in natural gas production

Haynesville shale formation sees boost in natural gas production

The Haynesville shale formation, located in northeastern Texas and Louisiana, had its highest production of natural gas in June since September 2012, according to the Energy Information Administration. The Haynesville region averaged 6.4 billion cubic feet per day (Bcf/d), accounting for 8.5 percent of total U.S. dry natural gas production. Natural gas production in the […]

By September 11, 2018 0 Comments Read More →
Louisiana & Wyoming Now Richer by a Number of Onshore Rigs

Louisiana & Wyoming Now Richer by a Number of Onshore Rigs

Rigs engaged in exploration and production of oil and natural gas in the United States totaled 1048 in the week ended Sep 7, matching the previous week’s tally. Notably, the rig count increased in five of the last 10 weeks’ calculation. Despite the rig count slipping to an all-time low of 404 in May 2016, […]

By September 11, 2018 0 Comments Read More →
Bayou Bridge Pipeline halted by property rights challenge

Bayou Bridge Pipeline halted by property rights challenge

A legal challenge from Atchafalaya River Basin landowners and environmental groups has temporarily halted construction of the controversial Bayou Bridge Pipeline. On Monday (Sept. 10), a judge was scheduled to hear the case of St. Mary Parish landowners who filed an injunction against builders of the pipeline, which they say would cross their property illegally. […]

By September 11, 2018 0 Comments Read More →
The Biggest Challenge Facing Shale Oil Could Be Overcoming Its Own Success

The Biggest Challenge Facing Shale Oil Could Be Overcoming Its Own Success

If you follow energy markets at all, you know that prices on the Brent global oil benchmark have traded within a robust band of $70 to $80 a barrel for the last five months. But such prices are a pipe dream – literally – for U.S. shale producers, particularly those in the prolific Permian Basin […]

By September 10, 2018 0 Comments Read More →
EOG Resources Inc. Continues to Sharpen Its Focus on the U.S.

EOG Resources Inc. Continues to Sharpen Its Focus on the U.S.

According to a report by Reuters, EOG Resources (NYSE: EOG) has agreed to sell its oil and gas operations in the U.K. While the buyer didn’t disclose the price, the company had hoped to fetch more than $300 million for these assets. However, that cash infusion wasn’t the driving factor of this sale considering that […]

By September 7, 2018 0 Comments Read More →
Haynesville natural gas production is increasing but remains lower than previous peak

Haynesville natural gas production is increasing but remains lower than previous peak

In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.4 billion cubic feet per day (Bcf/d), accounting for 8.5% of total U.S. dry natural gas production and the highest production from this region since September 2012. Monthly dry natural gas production in the Haynesville peaked at […]

By September 7, 2018 0 Comments Read More →
AG Jeff Landry: Lawsuits against big oil companies over climate change would threaten Louisiana jobs

AG Jeff Landry: Lawsuits against big oil companies over climate change would threaten Louisiana jobs

Attorney General Jeff Landry is warning local leaders in Louisiana: Challenging big oil and energy companies over climate change could cost jobs in the state. In an op-ed appearing in the Lafayette Advertiser on Thursday, Landry argues against local governments filing lawsuits, like ones recently thrown out in other states, to recoup environmental costs in […]

By September 7, 2018 0 Comments Read More →
The Fight to Stop the Dakota Access Pipeline Continues—in the Bayous of Louisiana

The Fight to Stop the Dakota Access Pipeline Continues—in the Bayous of Louisiana

Cherri Foytlin has a long black braid, a dead front tooth, a pierced lip and a level gaze. She is Din’e, Cherokee, and Latina, the mother of six children ages 10 to 21, and lives in Rayne, Louisiana, a small struggling town just off the interstate. She is one of a council of four indigenous […]

By September 6, 2018 0 Comments Read More →