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Appeals Court Rules in Favor of Oil and Gas Companies in Louisiana Case #OilmanNEWS 2017-May-June Louisiana 

Appeals Court Rules in Favor of Oil and Gas Companies in Louisiana Case

On March 3, a federal appeals court affirmed a district court’s decision to dismiss a case alleging that oil and gas companies were responsible for damage to the Louisiana wetlands. The ruling brings into question other lawsuits that have been filed by Louisiana parishes concerning the effect oil and gas companies have had on the erosion of the wetlands. The... Read More
Covey Park Energy Purchases Assets from Chesapeake in North Louisiana 2017 March-April Louisiana 

Covey Park Energy Purchases Assets from Chesapeake in North Louisiana

Dallas-based Covey Park Energy on Feb. 15 said that it has closed on the acquisition of assets in the Haynesville shale area in North Louisiana. Covey purchased the assets from Chesapeake Exploration for $465 million. Covey was able to complete the acquisition using additional equity investments from their existing investor, Denham Capital. The firm also received debt commitments from its... Read More
Bayou Bridge Pipeline to Have Large Economic Benefit for Louisiana #OilmanNEWS 2017 March-April Louisiana 

Bayou Bridge Pipeline to Have Large Economic Benefit for Louisiana

The Bayou Bridge Pipeline expansion in Louisiana will have a significant economic benefit for the state, according to one group’s report on the matter. The expansion will enable an existing crude oil pipeline to transfer multiple grades of oil from Lake Charles, La., to St. James, La. The LSU Center for Energy studies commissioned the report at the behest of... Read More
Foothills Exploration, Magna Team Up on Labokay Prospect 2017 January-February Louisiana 

Foothills Exploration, Magna Team Up on Labokay Prospect

Edited by Jennifer Delony Foothills Exploration Inc. in December entered into a participation agreement with Magna Operating LLC for the Labokay prospect, which covers 240 acres in Calcasieu Parish, Louisiana. The company said that Labokay is an amplitude versus offset oil (AVO) play in southwestern Louisiana targeting the Frio Nododaria Blanpiedi Sand. The agreement between the companies established an area... Read More
Louisiana Oil and Gas Companies Optimistic about Trump Policies #OilmanNEWS 2017 January-February Louisiana 

Louisiana Oil and Gas Companies Optimistic about Trump Policies

By Tim McNally As it currently stands, many oil and gas companies are required to provide capital up front to fund the removal of their offshore equipment in case of bankruptcy. For larger oil and gas firms, this isn’t much of an issue, but it can be a struggle for smaller companies. Many expect that President-elect Trump’s energy reforms will... Read More
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