Shale News

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Bloomberg: U.S. Shale Will Drive LPG Ship Market Growth, Latsco Says

Bloomberg reports: Increased U.S. exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that carry gases such as propane, butanes and ethane, Paris Kassidokostas-Latsis, director of Athens-headquartered Latsco Shipping Ltd., said. Shipments of LPG from the U.S. rose to a record 506,000 barrels a day in April, up 65 […]

By July 1, 2014 0 Comments Read More →
Times Picayune: Devon Energy sheds north Louisiana properties as part of $2.3 billion sale

Times Picayune: Devon Energy sheds north Louisiana properties as part of $2.3 billion sale

NOLA.com reports: Oklahoma City-based Devon Energy Corp. said on Monday (June 30) it will sell interests in natural gas-rich fields across the country for $2.3 billion, a final push in the company’s effort to trim down its holdings nationwide. The deal includes more than 100,000 acres in Louisiana. Houston-based Linn Energy will purchase the assets, […]

By July 1, 2014 0 Comments Read More →

Cold winter not enough to boost Haynesville Shale play

The brutal winter conditions that washed over the country will only help so much on the Haynesville Shale. Natural gas producers have bemoaned a series of mild winters over the past years, which along with overproduction have stalled the need for activity on north Louisiana’s most valuable natural resource. The cold turned on heaters across […]

By January 22, 2014 0 Comments Read More →
The price of natural gas, high cost equals better economy

The price of natural gas, high cost equals better economy

The drilling boom is most definitely over. Haynesville Shale activity has all but dissipated in Caddo Parish. The reason is simple supply and demand. Plentiful natural gas drove prices down. While that’s good for natural gas consumers, it isn’t our local economy. The drilling boom didn’t only mean oil and gas royalty checks for landowners […]

By January 13, 2014 0 Comments Read More →

BHP Billiton set to produce 250 million boe in fiscal 2013-14

BHP Billiton remains on track to produce 250 million barrels of oil equivalent in the financial year which ends June 30, 2014, Tim Cutt, president of the Anglo-Australian resources giant’s petroleum division, said Tuesday. “Our conventional oil and gas portfolio is the foundation of the petroleum business and we expect to maintain steady production in […]

By December 11, 2013 0 Comments Read More →

Haynesville Shale money, low down payments push auto debt up

Shreveport’s steady auto sales during the national recession contributed to why the city now tops the nation in auto loan debt, a local economist says. “It’s not so much that we’ve increased our financing,” said David Hoaas, an economics professor at Centenary College’s Frost School of Business. “It’s just that it looked like we increased […]

By December 9, 2013 0 Comments Read More →
LSU study shows large Haynesville drilling decline

LSU study shows large Haynesville drilling decline

Louisiana State University researchers have described the decline in new natural gas wells drilled in the Haynesville Shale as ‘precipitious.’  Their report released in the Oil & Gas Journal warns that if natural gas prices remain in the $4-5 dollar per unit range future industry growth likely won’t be sustainable in the area. Ragan Dickens, […]

By December 6, 2013 0 Comments Read More →

Comstock acquiring Tuscaloosa shale lease acres

Comstock Resources, of Frisco, Texas, will spend $54.5 million to acquire leases on 55,000 acres in the Tuscaloosa Marine Shale, with part of the acreage in East Feliciana and St. Helena parishes. The leases also cover Wilkinson and Amite counties in Mississippi, according to the company. The Comstock announcement is the second lease sale announced […]

By November 15, 2013 0 Comments Read More →

Tuscaloosa Marine Shale oil well sets record

Goodrich Petroleum Corp.’s Encana Anderson 17-2 well has set a record in the Tuscaloosa Marine Shale, averaging the equivalent of 1,540 barrels of oil in a 24-hour period. Kirk Barrell, author of the Tuscaloosa Trend blog and head of Amelia Resources LLC, said the result is significant, especially considering the Mississippi well’s 5,200-foot lateral, or […]

By August 7, 2013 0 Comments Read More →

Goodrich budgets over $100 million to drill Tuscaloosa or Eage Ford Shale wells

Goodrich Petroleum Corporation announced its preliminary capital expenditure budget for 2013, along with production and cash flow guidance for the year. It includes over $100 million in drilling. Goodrich leases mineral rights in the Florida Parishes and Mississippi. 2013 CAPITAL EXPENDITURE BUDGET The Company today announced a preliminary capital expenditure budget for 2013 of $175 […]

By June 14, 2013 0 Comments Read More →