#OilmanNEWS 2015 May-June Texas 

Houston Pipe Line Receives Presidential Permit

The Federal Energy Regulatory Commission (FERC) on April 1, in accordance with a March 20 FERC order issuing a Presidential Permit, granted Houston Pipe Line Company’s (HPL) request to commence construction of the company’s Border Crossing Project in Hidalgo County, Texas. HPL in October 2013 submitted an application to site, construct and operate natural gas pipeline facilities to export and… Read More
University Receives Research Funding 2015 May-June Texas 

University Receives Research Funding

Angelo State University (ASU) received a $116,500 gift from Shell Oil Exploration and Production to fund a rangeland reclamation research project through joint efforts of the ASU Department of Agriculture and Department of Physics and Geosciences. Dr. Cody Scott, professor of animal science and range scientist, and Dr. James Ward, assistant professor of geology, will co-direct the one-year project to… Read More
2015 May-June Louisiana 

BOEM Concludes Lease Sale Offshore LA

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) held an oil and gas lease sale in March for the Central Gulf of Mexico that drew about $539 million in high bids for tracts on the U.S. Outer Continental Shelf offshore Louisiana, Mississippi and Alabama. A total of 42 offshore energy companies submitted 195 bids on 169… Read More
2015 May-June Louisiana 

Leadership Urges FERC Action

Congressional leadership from Louisiana recently wrote to the Federal Energy Regulatory Commission (FERC) urging the agency to make a decision before the end of the year on Magnolia LNG’s application to build an LNG export facility in Louisiana. In March, U.S. Sens. Bill Cassidy and David Vitter and U.S. Rep. Charles Boustany sent separate letters to FERC asking that the… Read More
#OilmanNEWS 2015 May-June Louisiana 

Columbia Gulf Submits Cameron Access Application

Columbia Gulf Transmission in March filed an application with the Federal Energy Regulatory Commission for a certificate of public convenience and necessity to construct, own and operate two natural gas pipeline segments totaling approximately 34 miles and compression facilities in Jefferson Davis, Cameron, and Calcasieu Parishes in Louisiana. Together, the pipeline and compression facilities are called the Cameron Access Project.… Read More
2015 May-June Louisiana 

Highlander Well Production Commences

Freeport-McMoRan Inc. recently released the results of additional production testing on Freeport-McMoRan Oil & Gas’ (FM O&G) Highlander discovery, located onshore in South Louisiana in the Inboard Lower Tertiary/Cretaceous trend. The production test, which was performed in the Cretaceous/Tuscaloosa section, utilized expanded testing equipment and indicated a flow rate of approximately 75 million cubic feet of natural gas per day… Read More
Principals of Founders Investment Banking Advise Eagle Automation Limited in its Sale to Panhandle Oilfield Services 2015 May-June Mergers and Acquisitions Press Release 

Principals of Founders Investment Banking Advise Eagle Automation Limited in its Sale to Panhandle Oilfield Services

BIRMINGHAM, Ala. (March 24, 2015) – The Principals of Founders Investment Banking, LLC announce the sale of Eagle Automation Limited (“Eagle”), a leading automation and measurement services provider, to Panhandle Oilfield Services, Inc. (“Panhandle”), an integrated oilfield services company and portfolio company of Argosy Private Equity. Eagle’s management continued with Panhandle and was exclusively advised by principals of Founders Investment Banking. The transaction closed… Read More
2015 May-June Energy Scene 

Solutions for a Tough Market Focus of 2015 Ark-La-Tex Oilfield Expo, April 1-2, 2015 in Shreveport, LA

Cost-Saving Innovation, Cutting-Edge Technology on Display at the Largest Deal-Making Show in the Ark-La-Tex Region Companies from every sector of the industry are taking a hard look at operating processes to identify opportunities, from negotiating better prices with vendors to incorporating cost-saving technology that can help sharpen their competitive edge. Exhibitors participating in the 2015 Ark-La-Tex Oilfield Expo, April 1-2, 2015 in Shreveport, LA, are… Read More
Low cost / No cost Marketing in a Gas and Oil Recession 2015 May-June 

Low cost / No cost Marketing in a Gas and Oil Recession

“Yesterday it was chickens; today it is feathers,” the owner of a local oilfield supply company said to me yesterday. The barrel is at $49, Halliburton has stacked a few rigs, and all of a sudden you went from celebrating your profits to having nightmares about pawning your wedding ring and sitting around a fire under a deserted oil rig… Read More
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