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Tag Archives: Louisiana

BP: 24 top bids for $41.6M in Gulf oil lease sale

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NEW ORLEANS (AP) — High bids from Freeport-McMoRan Oil & Gas LLC made up more than one-third of the $850.8 million total at Wednesday’s federal oil lease sale for the central Gulf of Mexico. It also was the first sale since the government said BP PLC can again secure federal contracts; the company made $41.6 million in high bids. Freeport-McMoRan’s ...

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Shale drilling could jump in 2014 in Miss., La.


GILLSBURG, Miss. (AP) — Residents living above an oil-rich shale formation that stretches across southwest Mississippi and Louisiana have been waiting on a boom for years. A steady trickle of drilling is already boosting the rural region’s economy, and spending by two oil companies could make 2014 the year that many other locals finally cash in on the oil far ...

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Chesapeake’s ex-CEO McClendon tries to force new drilling

HOUSTON (Reuters) – Chesapeake Energy Corp ousted its former chief executive Aubrey McClendon last April after a governance scandal and a liquidity crisis. But the former boss retains financial ties to the second-largest U.S. natural gas company, and he is using them to try to change company plans. A firm run by McClendon is attempting to force Chesapeake <CHK.N> to ...

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Gas no longer escaping from rig off La. coast


NEW ORLEANS (AP) — The operator and federal regulators say the flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana’s coast. EnVen Energy Ventures LLC and the Bureau of Safety and Environmental Enforcement said Saturday that the flow was stopped about 7 p.m. Friday. BSEE says it was cut off less than 2 ...

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