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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 […]

Commissioner’s Authority Upheld

Commissioner’s Authority Upheld

By: Don Briggs President, Louisiana Oil and Gas Association So many times our companies walk into the courtroom and look at the next few years fly by as they spend their time in painfully draining litigation. However, with the recent refusal by the Louisiana Supreme Court to consider an appeal by St. Tammany Parish and […]

Encouraging signs for oil and gas

Encouraging signs for oil and gas

By Don Briggs President, Louisiana Oil and Gas Association   The last year and a half has brought about vast changes for the global oil and gas market. Prices have fallen from $113 a barrel in 2014 to $27 dollars more recently. However, over the last month we have seen those prices nearly double. This […]

By June 16, 2016 0 Comments Read More →
Coastal litigation unnecessary, “sue-and-settle” tactics inappropriate

Coastal litigation unnecessary, “sue-and-settle” tactics inappropriate

By Don Briggs President, Louisiana Oil and Gas Association   Lawsuits certainly have a way of getting everyone’s attention, especially here in Louisiana. With a well-established reputation as a “judicial hellhole,” our state is known for having a legal system that seems to operate more like a litigation lottery than a network of fair and […]

By May 31, 2016 0 Comments Read More →
New questions loom around the Saudis

New questions loom around the Saudis

By Don Briggs President, Louisiana Oil and Gas Association   It appears that the fox is now in the hen house in Saudi Arabia. Or is he? Many questions are circulating as to the changes that are taking place with the new oil minister of Saudi Arabia. The recently ousted minister was in place for the […]

By May 11, 2016 0 Comments Read More →
U.S. oil and gas production numbers tell the story

U.S. oil and gas production numbers tell the story

By Don Briggs President, Louisiana Oil and Gas Association   The United States has experienced an oil and gas revolution over the last eight years through unconventional or shale drilling in plays all over the country. From Williston, North Dakota, to Hobbs, New Mexico, to Corizo Springs, Texas, shale plays have been producing record numbers […]

By April 27, 2016 0 Comments Read More →