Home / Tag Archives: Louisiana (page 8)

Tag Archives: Louisiana

TMS likely to see a rough 2015

The transition into a new year is seeing a transition out of the Tuscaloosa Marine Shale (TMS). At the beginning of 2014, the industry was hopeful that the metaphorical egg would finally be cracked and steady oil production in the TMS could begin. Companies such as Goodrich Petroleum poured massive amounts of capital into the formation, but it seemed that ...

Read More »

Permit denied to use Amite River water for fracking

BATON ROUGE, La. — Louisiana officials have denied a permit that would have allowed an oil company to use water from a scenic river to perform hydraulic fracturing, or fracking for a well in East Feliciana Parish. However, it was a limited, technical victory for the environmentalists who opposed the permit. The company involved, Texas-based Comstock Resources Inc., was allowed ...

Read More »

A sunny outlook for Haynesville shale?

This year may be brighter for the Haynesville shale than many expected. According to Argus Media, production has begun to increase in the formation, putting 2015 off to a good start. The article reports that a decrease in oil drilling due to low prices might actually work in favor for the natural gas play. Slowdowns in the Eagle Ford and ...

Read More »

Entergy: La. needs more electricity for industry

BATON ROUGE, La. — The state’s largest utility needs to come up with more power before the end of 2016, and then find even more by the end of 2019 to meet the demands of Louisiana’s ongoing industrial boom. That likely means building power plants for about $1 billion a piece, which the 1 million customers of Entergy Corp.’s Louisiana ...

Read More »

Sabine Pass enlists GE maintenance services for $1 billion

The Sabine Pass LNG facility, one of several liquefied natural gas (LNG) facilities popping up on the Gulf Coast, now has the full technical support of General Electric for equipment GE provided for the project. GE and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners, have signed a $1 billion deal which gives the energy giant an even larger ...

Read More »

Comstock quits Tuscaloosa play on falling prices

MCCOMB, Miss. — A second oil company is stopping drilling in the Tuscaloosa Marine Shale because of falling oil prices. Comstock Resources, based in Frisco, Texas, said Thursday that it would stop drilling in the oil region, which straddles the state line between southwest Mississippi and Louisiana’s Florida Parishes. “Comstock has released its rig in the Tuscaloosa Marine shale and ...

Read More »

Helis receives DNR approval to drill

The debate over Helis Oil & Gas Co.’s proposal to drill in St. Tammany may not be over, but it is leaning in Helis’ favor. According to Sara Pagones for The Advocate, the Louisiana Department of Natural Resources has granted the company’s request to drill near Mandeville. Although a lawsuit is still in progress between Helis and the St. Tammany ...

Read More »

Surge in workers keeps pushing up La. jobless rate

Louisiana’s unemployment rate rose for the seventh straight month in November, and what had been strong growth in employer payrolls waned. The state’s jobless rate rose to 6.5 percent, as growth in job seekers continued to outstrip increases in the number of people reporting they have jobs. The unemployment rate was 6.2 percent in October and 5.6 percent in November ...

Read More »

Has American Midstream solved the Midla pipeline abandonment debate?

pipeline

After months of disputes, a settlement has finally been reached by American Midstream Partners LP regarding the abandonment of the Midla natural gas pipeline system. According to Charlie Passut for Natural Gas Intelligence, American Midstream will apply to the Federal Energy Regulatory Commission (FERC) to build a new pipeline. American Midstream will be responsible for the construction, ownership, operation and ...

Read More »