Presidents Articles

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Louisiana’s Resolutions

Louisiana’s Resolutions

By Gifford Briggs It’s that time of year again, where we all make plans to enrich our lives…to become healthier, wealthier, and wiser. For some it may be just as simple as wanting to shed a couple of those holiday pounds added around the belt. Regardless of the resolution, the issuance of the New Year […]

Will Trump Help Independent Operators In The Gulf Of Mexico?

Will Trump Help Independent Operators In The Gulf Of Mexico?

By Gifford Briggs The Louisiana economy needs a kick start, not a kick in the teeth. Unfortunately, the outgoing Obama Administration is making a last gasp effort to hit us where it hurts most—our energy sector. It’s no secret – lower commodity prices, out-of-control regulations, and other factors have challenged the oil and gas industry […]

By December 2, 2016 0 Comments Read More →
Gifford Briggs: Trump – A New Hope?

Gifford Briggs: Trump – A New Hope?

Nearly 40 years ago, Luke Skywalker began his cinematic journey to becoming a Jedi on the big screen. Over a series of blockbuster films, Luke captured the imagination of millions of Americans as he fought Darth Vader, destroyed the death star and saved the galaxy. In the days since the shocking presidential election, some Star […]

By November 18, 2016 1 Comments Read More →
Roadblocks won’t stop us

Roadblocks won’t stop us

We are closing in on the two-year mark for the historic drop in crude oil prices. In the span of 2014-2016, the industry has seen the price for a barrel of oil drop from north of $110 to south of $30. This crash has brought about great hardship for the Louisiana oil and gas industry […]

By November 10, 2016 0 Comments Read More →
Edwards’ Legal War Amounts to Another De-Facto Moratorium on Drilling

Edwards’ Legal War Amounts to Another De-Facto Moratorium on Drilling

Six years ago President Barack Obama imposed an unnecessary ban on offshore drilling in the Gulf of Mexico, which left tens of thousands of Louisiana oil and gas workers and service sector employees out of jobs and nearly devastated our state’s economy. Today, we are facing a new moratorium, but this time the threat is […]

By September 26, 2016 0 Comments Read More →
A Long, Difficult Road Ahead For Louisiana’s Oil And Gas Producers

A Long, Difficult Road Ahead For Louisiana’s Oil And Gas Producers

Consistently low oil and natural gas prices have set the industry back tens of billions of dollars. According to the U.S. Energy Information Administration (EIA), the sharp decline in crude oil prices caused a stunning $67 billion in combined losses by 40 publicly-traded U.S. oil producers in 2015. Many of those losses hit home right […]

By September 8, 2016 0 Comments Read More →
Lease Sale = More Drilling More Jobs

Lease Sale = More Drilling More Jobs

By Don Briggs President, Louisiana Oil and Gas Association The Bureau of Ocean Energy Management (“BOEM”) held their most recent Gulf lease sale, Western Sale 248, this past Wednesday. This was the first federal offshore oil and gas auction to be broadcast live on the internet. At the lease sale 23.8 million acres in the […]

Crude Oil Market Coming Into Balance

Crude Oil Market Coming Into Balance

By Don Briggs President, Louisiana Oil and Gas Association Through this September, global demand for crude oil will exceed global supply by nearly 1 million barrels per day, according to the International Energy Agency, a Paris based think tank that monitors oil trends.  This is nearly a 3 million barrel swing in crude oil supply […]

A Clear Message: Extortion

A Clear Message: Extortion

By Don Briggs President, Louisiana Oil and Gas Association This past Thursday the District Attorney for the 15th Judicial District, Keith Stutes, announced the filing of litigation against 49 oil and gas defendants on behalf of Vermilion Parish. This suit follows the same misguided thought process of the lawsuits recently filed by Cameron, Jefferson, and […]

Unintended Consequences

Unintended Consequences

By Don Briggs President, Louisiana Oil and Gas Association Industry once again finds itself facing additional, overly burdensome regulations from the Federal government. This past Thursday, July 14th, 2016 the Bureau of Ocean Energy Management (“BOEM”) announced their updated financial assurance and risk management requirements for offshore leases. The agency believes these requirements will help […]