January-February 2015 Archives Page 4 of 4 - OILMAN Magazine
2015 January-February Texas 

TXOGA, Land Office File Suits against City of Denton

The Texas Oil & Gas Association and the Texas General Land Office on Nov. 5, 2014, filed lawsuits in Denton County and Travis County, respectively, against the City of Denton, Texas, in response to voter passage on Nov. 4, 2014, of a town ordinance banning hydraulic fracturing. According to the TXOGA, the ban is inconsistent with state law and violates… Read More
2015 January-February Texas 

Railroad Commission Amends Disposal Well Rules

The Railroad Commission of Texas (RRC) has adopted disposal well rule amendments designed to address disposal well operations in areas of historical or future seismic activity. Disposal wells are permitted by the RRC to dispose of non- hazardous produced water and hydraulic fracture flowback fluid from oil and gas wells. “These disposal rule amendments represent the fourth significant rule amendments… Read More
SCT&E LNG Receives DOE Approval for Export 2015 January-February Louisiana 

SCT&E LNG Receives DOE Approval for Export

SCT&E LNG has received authorization from the Department of Energy (DOE) to export liquefied natural gas (LNG) for 30 years to countries that hold a free trade agreement with the U.S. The DOE conducted a review of the application to export LNG from the future SCT&E LNG export terminal and determined that the exports are in the public interest. From… Read More
2015 January-February Louisiana 

Apache Sells O&G Assets for $1.4bn

Apache Corp. has agreed to sell non-core southern Louisiana oil and gas assets along with other assets for approximately $1.4 billion in two separate transactions. In southern Louisiana, Apache agreed to sell its working interest in approximately 90,000 net acres. These mature fields, which are characterized by high decline rates and short reserve lives, produced approximately 21,000 barrel of oil… Read More
2015 January-February Louisiana 

J-W to Acquire BHP’s Northern Louisiana Properties

J-W Operating Co. will acquire oil and gas properties in northern Louisiana from BHP Billiton. The properties are located in the Elm Grove and Caspiana fields and include interests in approximately 1,200 wellbores and associated gathering lines and compressor facilities. By the addition of approximately 700 active wells that are producing in the Cotton Valley formation, a conventional oil and… Read More
2015 January-February Louisiana 

Halcon Scales Back In Tuscaloosa Marine Shale

Halcon Resources told investors during a Nov. 11, 2014, earnings call that it will be scaling back drilling in the Tuscaloosa Marine Shale in southeast Louisiana and southwest Mississippi due to falling oil prices. “ Tuscaloosa Marine Shale, I’m going to do my darndest to make sure that people understand that we’re highly confident and we like the play,”… Read More
2015 January-February Louisiana 

Venture Global to Develop LNG Export Facility

Venture Global LNG is developing a liquefied natural gas export facility, called the Calcasieu Pass Project, in southwestern Louisiana. The U.S. Department of Energy (DOE) authorized the Calcasieu Pass Project to export 10 million tonnes per annum of LNG to countries that have a free trade agreement with the U.S. Additionally, the project is seeking authorization from both the Federal… Read More
2015 January-February Louisiana 

Louisiana Voters Approve Amendment 8

Voters in Louisiana on Nov. 4, 2014, approved Amendment 8, the Louisiana Artificial Reef Development Fund Protection, by a vote of 758,142 to 567,483. The legislatively referred constitutional amendment establishes constitutional protection for the Artificial Reef Development Fund (ARDF). According to the Louisiana Legislative Fiscal Office (LFO), the original fund was statutorily dedicated and not constitutionally protected, so funds could… Read More
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