Posts filed under Oil and Gas

The Economy in Acadiana is Looking Strong in 2019

Photo source: Wikipedia

Photo source: Wikipedia

Looking strong in all industries but one, our illustrious governor’s favorite red-headed stepchild, the oil and gas industry. The same industry that he and his ambulance chasing trial lawyer buddies love to sue.   

While things are looking up in some sectors, Bill Fenstermaker, chairman and CEO of Fenstermaker & Associates, said oil and gas revenues have dropped about $750,000,000 a year for the past three years. He suggested the current administration's policies could be causing Texas oil companies to avoid drilling in Louisiana, especially in the Gulf of Mexico. 

Those of us that depend on the oil and gas industry to feed our families are tired of seeing this industry get kicked around by the Democrat Party and, most particular, John Bel Edwards, the Cajun Obama himself. This industry has given countless thousands of families in this state a good source of income for decades and for this governor to use his influence in order to shakedown this industry is disgraceful.

Read more: Economic Summit: Acadiana business leaders cautiously optimistic for growth in 2019

We Could Have Nice Things Like This.......

Photo source: CNBC

Photo source: CNBC

.........but because of the self-righteous in the State of Louisiana who couldn’t vote for Sen. David Vitter and elected a liberal trial lawyer in John Bel Edwards, who’s intent on destroying the oil and gas industry, we have Louisianans going to Texas to work in their bustling industry. 

The latest example of the boom in Texas oil and gas is this: 

  • "As the national leader in oil and natural gas production, Texas is paving the way for America's energy independence," Texas Gov. Greg Abbott said in statement in response to the report. "From technological advancements resulting in increased oil and natural gas output to our LNG export facilities, the Lone Star State's energy economy is firing on all cylinders. As Governor, I will continue to work with our independent oil and gas producers to take our economy to even greater heights."

See what was in that piece? A governor willing to work with producers in his state rather than sue them.  

But, by all means, tell me again how “Honor Code” is helping the State of Louisiana.  

As I’ve said before, don’t blame me. I voted for Vitter. 

Read more:  Report: Texas crude oil production breaks 1970s record

Posted on February 16, 2019 and filed under Louisiana, John Bel Edwards, Oil and Gas.

If Only We Had a Governor Who Wasn't Intent on Killing the Oil and Gas Industry

Photo source: Rigzone

Photo source: Rigzone

As reported numerous times, the “Honor Code” of a governor that we have in the State of Louisiana is intent on destroying the strongest industry we have here in this state, oil and gas. This former trial lawyer has time and time again, with the help of his crony buddies, sued deep pocketed companies:

We shouldn’t be surprised Edwards would go after deep-pocketed companies as governor when that’s what he did for a living before he became a politician. And after all, he is a Democrat, the party known for rewarding trial lawyers who generously give campaign contributions. The trouble with trial lawyers is that for the most part, they suck the life out of the economy. But if your focus isn’t the strength of the economy, but instead growing state coffers with large chunks of cash from lawsuits, Edward’s bent toward litigation is the perfect strategy.

LOGA came out last year as well stating we cannot take another Edwards term in Baton Rouge:

"He sent letters to all the coastal parishes, saying, 'Sue the oil industries, sue them all, and if you don't sue them,' he told them, 'I will.'"

Now we have the latest coming from our neighbors to the west:

To put Texas oil production in perspective, if it were a country, it would be the world's third oil producer sometime this year, behind only Russia and Saudi Arabia, HSBC said in a report. The main engine of Texas oil output is the Permian basin that spans West Texas and southeastern New Mexico and is one of the most prolific oil and gas producing regions in the U.S. The Permian Basin is approximately 250 miles wide and 300 miles long, across West Texas and southeastern New Mexico. It encompasses several sub-basins, including the Delaware Basin and the Midland Basin.

If you’re dependent on the oil and gas industry to support your families and you continue to defend this governor, you need your head examined.

Looks like the best place for a Louisiana citizen to continue to make a living in this industry is in Texas.


Posted on February 13, 2019 and filed under John Bel Edwards, Louisiana, Oil and Gas.

LOGA: Lawyers in Louisiana are Robbing Louisiana Taxpayers

Photo source: Louisiana Record

Photo source: Louisiana Record

Gifford Briggs, president of the Louisiana Oil and Gas Association (LOGA), recently discussed the litigation crisis in Louisiana and what needs to be done to remedy the problem.

"The data is clear. Excessive and unnecessary litigation is robbing Louisiana taxpayers blind and diminishing economic growth throughout the state," Briggs told the Louisiana Record. "Nowhere are the effects more evident than in south Louisiana."

Read more:  Louisiana Oil and Gas Association says legal climate in state is 'robbing taxpayers'

Posted on January 16, 2019 and filed under Oil and Gas, Louisiana.

Another Huge Development for the Oil and Gas Industry in Louisiana

Photo source: The Oil and Gas Year

Photo source: The Oil and Gas Year

Despite the various attempts by our own Governor “Honor Code” to cripple the oil and gas industry here in Louisiana, BP has made the following announcement concerning their Atlantis Field off the coast:

 The company made the announcement Tuesday morning regarding its $1.3 billion development in the Atlantis Field, which is about 130 miles south of the Louisiana coast. The approval comes after recent BP made breakthroughs in advanced seismic imaging and reservoir characterization that revealed an additional 400 million barrels of oil in place at the Atlantis field.

Read more:  BP announces $1.3 billion development in offshore drilling off Louisiana coast

Posted on January 8, 2019 and filed under John Bel Edwards, Oil and Gas, Louisiana.

US Gulf of Mexico On Track for Historic 2019

Photo source: Wikipedia  

Photo source: Wikipedia  

“We expect 2019 to be a strong year for the Gulf of Mexico. In addition to exciting new project sanctions, which could usher in more than $10 billion of investment into the region, a couple of historic firsts set to occur next year could set the stage for years to come,” said WoodMac senior research analyst William Turner

Read more: US Gulf of Mexico On Track for Historic 2019

Posted on December 20, 2018 and filed under Oil and Gas.

COASTAL LAWSUITS MOVING STATE IN WRONG DIRECTION, LOUISIANA LAWSUIT ABUSE WATCH SAYS

Photo source: Cajun Conservatism

Photo source: Cajun Conservatism

 “These kind of lawsuits will only continue to move Louisiana in the wrong direction and further weaken the state’s struggling economy, which has lost thousands of jobs and major manufacturing projects in recent years,” Venable said.

Read more:  COASTAL LAWSUITS MOVING STATE IN WRONG DIRECTION, LOUISIANA LAWSUIT ABUSE WATCH SAYS

Posted on November 30, 2018 and filed under Oil and Gas, Louisiana.

More Good News for the Oil and Gas Industry in Louisiana

Photo source: Wikipedia

Photo source: Wikipedia

In this piece from the Advocate, Louisiana has signed a deal with the country of Poland for deliveries of liquefied natural gas (LNG).

The state company PGNiG signed the 24-year deal with American supplier Cheniere during a ceremony in Warsaw attended by U.S. Energy Secretary Rick Perry and Polish President Andrzej Duda.

Read more: Poland signs deal for long-term natural gas deliveries from Louisiana, Texas

Posted on November 9, 2018 and filed under Louisiana, Oil and Gas.

MOST PLAQUEMINES PARISH VOTERS OPPOSE PARISH’S OIL AND GAS LAWSUIT; 99% SAY INDUSTRY IS CRITICAL TO ECONOMY

Photo source: GrowLACoalition Twitter

Photo source: GrowLACoalition Twitter

Plaquemines Parish residents are speaking loud and clear: they stand with the oil and gas industry and want to see it continue to play a vital role in their community and their future. The oil and gas industry provides more than 1,500 jobs in Plaquemines Parish with a $264 million payroll, paying $20 million annually in parish property taxes.

Read more: MOST PLAQUEMINES PARISH VOTERS OPPOSE PARISH’S OIL AND GAS LAWSUIT; 99% SAY INDUSTRY IS CRITICAL TO ECONOMY

Posted on October 10, 2018 and filed under Louisiana, Oil and Gas.