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U.S. Onshore Permitting Activity Up Sharply; Haynesville Gas Drilling Gaining Favor

U.S. Onshore Permitting Activity Up Sharply; Haynesville Gas Drilling Gaining Favor

U.S. land permit filings rose 27% month/month in February and were 78% higher year/year at 3,211, the highest monthly permit total since November 2015 and the first February/February jump since 2014, according to data compiled by Evercore ISI. Permitting in 2016 had declined 38% from 2015 had fallen 46% from 2009, when drilling activity was […]

Don Briggs to return to role as president of LOGA

Don Briggs to return to role as president of LOGA

Don Briggs will be returning to his role as president of the Louisiana Oil and Gas Association following an injury in September. Briggs suffered a head injury when he slipped on a stairway at a home in North Carolina.  He was treated at Mission Health Hospital — an Asheville, N.C., facility where he had been airlifted — until he […]

SPECIAL REPORT: Bayou Bridge Pipeline

SPECIAL REPORT: Bayou Bridge Pipeline

But for the Louisiana Oil and Gas Association Vice President Gifford Briggs, the $750 million pipeline project represents thousands of jobs and economic growth for the state that the association projects could bring in close to $18 million in sales taxes. “We’ve been facing a downturn particularly in the oil and gas industry; a lot of […]

Plan for $11 billion natural gas facility in Cameron Parish expanding

Plan for $11 billion natural gas facility in Cameron Parish expanding

A 500-acre expansion has been announced for a planned liquefied natural gas plant in Cameron Parish. The American Press reports that officials of G2 LNG say they plan the expansion because of growing interest among potential customers. The Baton Rouge-based company announced in October 2015 that it planned to build an $11 billion LNG plant on 766 […]

One Step Forward

One Step Forward

A billowing sigh of relief was heard from oil and gas companies all across Louisiana, and with that sigh, came a little boost of confidence. On Friday, the United States 5th District Court of Appeals affirmed a lower-court’s dismissal of the Southeast Louisiana Flood Protection Authority’s East (SLFPAE) lawsuit against nearly 100 oil and gas […]

Legacy and coastal lawsuits tie up revenue for Louisiana

Legacy and coastal lawsuits tie up revenue for Louisiana

As Louisiana faces another budget crisis after a $940 million deficit last year, the oil and gas industry says less litigation and more productivity could bring revenue to the state. Gifford Briggs is the acting president of Louisiana Oil and Gas Association, which represents the independent and service sectors of the state’s oil and gas industry. Briggs […]

PetroQuest: Thunder Bayou is the Cash Engine that Powers Cotton Valley

PetroQuest: Thunder Bayou is the Cash Engine that Powers Cotton Valley

PetroQuest (ticker: PQ) released its fourth quarter and year-end 2016 operations and financial updatestoday, which continued to demonstrate the impressive results the company is seeing from its Thunder Bayou well. “Based on current run rate and utilizing the fourth quarter cash margin, which reflects the lower liquids yield from the bottom zone, this one well will […]

Local oil association sees reason for optimism

Local oil association sees reason for optimism

The Louisiana Oil and Gas Association hosts their annual summit today in Lake Charles with a new hope for the future of the industry. LOGA Vice President Gifford Briggs says 2017 is a critical year for the oil and gas industry. He says that’s because the industry is starting to rebound after a two year […]

Outlook Positive For The Oil Patch

Outlook Positive For The Oil Patch

OPEC’s commitment to reducing their production to keep prices at a higher sustainable level, and then obviously President Trump and the approach he’s taken to energy and rolling back regulations. Those are the comments of LOGA Vice President  Gifford Briggs. Briggs made his comments in a story published by the Louisiana Radio Network. For those companies that have […]

Oil Rigs Opening in the Gulf

Oil Rigs Opening in the Gulf

“The Gulf of Mexico is still today as it has been for the last several decades, the crown jewel in oil and gas exploration in the southern part of the United States.” says President of Louisiana Oil and Gas Association, Don Briggs. He adds this is critical for momentum in the Gulf to continue. “Which […]