Posts filed under Oil and Gas

Breaking: St. Mary Parish Officials Take Stand for Industry

Thank you, DA Duhe and Parish Council, for your support of oil and natural gas in South Louisiana.

Last night, the St. Mary Parish Council voted against a resolution to support the "Freeport MaMoRan Settlement," standing with Terrebonne, Lafourche and Vermilion parishes against misguided legal action against Louisiana's oil and natural gas industry. This settlement has failed at the legislature twice already.

This definitive decision by the St. Mary Parish Council, paired with comments from DA Duhe and Parish President Hanagriff, show that St. Mary Parish is committed to working with Louisiana’s oil and natural gas industry, not against it.

Parish Councilmembers, along with DA Duhe, voiced support for the industry and spoke to the ramifications of these lawsuits.

"These lawsuits have hurt Louisiana and they are going to hurt St. Mary Parish if we participate in this. The only ones that come out in this deal are the trial attorneys and they stand to make millions," said Councilman Scott Ramsey.

Parish President David Hanagriff said that he was on record for being against the legal action.

DA Duhe also expressed his opposition to the lawsuits.

“I said it from the very beginning that I would not file a lawsuit against these companies. My family has had oil and gas production on properties since the 1930’s. I realize how important an industry this is. I realize the benefit it has brought to our communities.”

DA Duhe further added, “I will continue to stay by this statement that I have not filed a lawsuit, I won’t file a lawsuit, here, now or in the future.”

Thank you to St. Mary Parish leaders for voicing opposition to lawsuits against the industry and for showing strong support for standing behind oil and gas today and in the future.

Posted on September 15, 2022 and filed under Louisiana, Oil and Gas.

LOGA Responds to BOEM’s Reinstatement of Lease Sale 257 Bids

In compliance with the Inflation Reduction Act, the Bureau of Energy Management (BOEM) announced today that the 307 highest value bids from Lease Sale 257 held in November of 2021 would be reinstated, totaling $189,888,271. The bids had been invalidated by a federal judge earlier this year.

In response Louisiana Oil & Gas Association President Mike Moncla issued the following statement:

“This has been a long time coming. On behalf of the Louisiana Oil & Gas Association, I want to thank Attorney General Jeff Landry for his strong, capable leadership that helped make this lease sale possible.

While the oil and gas industry focuses on creating jobs and fostering economic investment in Louisiana, President Biden and the Democrats continue to promote harmful regulations that hurt American families.

The President fought as hard as he could to stop this sale from happening. But through the work of Jeff Landry, justice has prevailed.

This lease sale is an important victory, not only for the 250,000+ oil and gas workers in the state but for every American who is facing high energy costs as a result of our diminished oil and gas supply.

We look forward to working with Attorney General Landry as we continue our opposition to the Biden administration’s failed energy policies that have hindered our true potential as the energy powerhouse of the world.”

Posted on September 14, 2022 and filed under Oil and Gas, Louisiana.

LETLOW: Increasing Domestic O&G Production is the Long Term Solution to High Pump Prices

Posted on September 12, 2022 and filed under Julia Letlow, Oil and Gas.

LMOGA President Discusses Importance of Domestic O&G Production

Tommy Faucheux with LMOGA discusses the importance and need for domestic energy production, how it would affect the nation and Louisiana, in general, as well as carbon capture.

Posted on September 12, 2022 and filed under Louisiana, Oil and Gas.

LOGA Responds to Permanent Injunction Issued on Biden Ban on New Oil And Gas Leasing

BATON ROUGE, LA (August 30, 2022) - Yesterday, U.S. District Court Judge Terry Doughty sided with Louisiana Attorney General Jeff Landry and 12 other states in a Louisiana-led lawsuit, issuing a permanent injunction against the Biden administration’s moratorium on new oil and gas leases on federal lands and water.

In response, LOGA President Mike Moncla issued the following statement:

“This ruling is a huge win for domestic energy production in the Gulf of Mexico. The Biden administration, from the day he was sworn in, has declared war on the oil and gas industry.

Prices at the pump have skyrocketed. Our Strategic Petroleum Reserve has been depleted. We’ve slowly become less and less energy independent. Now, we can get back to being the energy powerhouse of the world.

I’m relieved to see that our system of checks and balances saw to it that Biden way overstepped his authority when banning these lease sales.

I’d like to thank Attorney General Jeff Landry for his diligent work in fighting for domestic production in the Gulf of Mexico.”

Posted on August 30, 2022 and filed under Joe Biden, Jeff Landry, Louisiana, Oil and Gas.

API announces initiative to encourage veterans to enter natural gas and oil industry

The American Petroleum Institute (API) announced a new initiative, Energy for Veterans, designed to attract more veterans and transitioning service members into meaningful and well-paying careers in the natural gas and oil industry. 

“Service members and veterans have numerous skill sets that make them ideal candidates for careers in the natural gas and oil industry,” Senior Vice President of API Global Industry Services Anchal Liddar said. “Our industry is one of the most veteran-friendly in the country and is committed to supporting the brave men and women who served in the military.”

Read more: API announces initiative to encourage veterans to enter natural gas and oil industry

Posted on August 18, 2022 and filed under Oil and Gas.

Biden’s Civil War on Energy Is Leaving Endless Collateral Damage in Its Wake

President Joe Biden has declared he will “end fossil fuel.” Presidents have declared war on everything from poverty to drugs, but his declaration is much more sinister. His is really a civil war.

Read more: Biden’s Civil War on Energy Is Leaving Endless Collateral Damage in Its Wake

Posted on August 18, 2022 and filed under Joe Biden, Oil and Gas.

Louisiana could see $1.9B from Gulf oil, additional money from wind, under Senate bill

Louisiana could receive an additional $1.9 billion in revenue from Gulf of Mexico oil and gas and a separate share of revenue from Gulf wind energy operations under federal legislation expected to be considered Thursday.

The U.S. Senate’s Energy and Natural Resource Committee on Thursday will consider the the bipartisan Reinvesting In Shoreline Economies and Ecosystems Act, authored by Sens. Sheldon Whitehouse, D-Rhode Island, and Bill Cassidy, R-La.. That bill would lift a present $500 million annual cap on oil and gas revenue shared with Gulf states.

Read more: Louisiana could see $1.9B from Gulf oil, additional money from wind, under Senate bill

Posted on July 25, 2022 and filed under Louisiana, Oil and Gas.

Steve Scalise and Troy Carter: Louisiana should get its fair share of revenues from offshore energy -- wind included

We may not agree on everything, but we are united in our belief that Louisianians deserve their fair share of funding for the use of our natural resources. That’s why we’ve joined together to introduce the bipartisan BREEZE Act. Our bill increases Louisiana’s share of offshore oil and gas revenues, and sets the stage for even more funding by allowing Louisiana and other coastal states to collect revenues from the leasing of future offshore wind development.

Read more: Steve Scalise and Troy Carter: Louisiana should get its fair share of revenues from offshore energy -- wind included

Posted on July 22, 2022 and filed under Oil and Gas, Steve Scalise, Troy Carter.

Senator Kennedy introduces strategic petroleum reserve bill to block foreign sales

The goal of the bill, which is known as the No Emergency Crude Oil to Foreign Adversaries Act, is to stop “selling off American oil to countries that hate us,” according to Kennedy.

Read more: Senator Kennedy introduces strategic petroleum reserve bill to block foreign sales

Posted on July 14, 2022 and filed under John Kennedy, Oil and Gas.

Biden's Saudi trip won't help gas prices

President Joe Biden is set to visit Saudi Arabia later this week, on a trip he says is intended to shore up global supply chains and encourage diplomacy and cooperation.

But the question many are asking is: What could it mean for gas prices?

That’s because Saudi Arabia has the second-largest oil reserves in the world — and the U.S. has made it clear it wants all the Persian Gulf's oil states to boost their output. The conventional wisdom is that more oil produced means cheaper gas at the pump.

The reality is more complicated.

Read more: Biden's Saudi trip won't help gas prices

Posted on July 14, 2022 and filed under Joe Biden, Oil and Gas.

SCALISE: Joe Biden Should Not Be Sending Oil to China

“The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would ‘support American consumers’ and combat ‘Putin’s price hike,'” the Beacon’s Collin Anderson reported. “Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government.”

Sinopec is also tied to Hunter Biden, whose private equity firm, BHR Partners, bought a $1.7 billion stake in the company seven years ago.

Read more: Biden Sold Oil From Emergency Reserves To Chinese Gas Giant Tied To His Scandal-Plagued Son

Posted on July 8, 2022 and filed under Oil and Gas, Joe Biden, Steve Scalise.

LOGA Responds to SCOTUS Ruling on EPA's climate powers

BATON ROUGE, LA (June 30, 2022) - Today, The United States Supreme Court ruled that the Clean Power Plan implemented under President Obama that sought to administratively determine power sector emission levels exceeded executive authority under the Clean Air Act.

In response, LOGA President Mike Moncla issued the following statement:

“Today’s decision by the Supreme Court is a step in the right direction for our great nation. This decision takes governmental overreach from appointed bureaucrats and puts it back into the hands of legislators.

The EPA’s actions and regulations have been in lockstep with the left wing’s green agenda. These types of actions cost Americans at the pump, as they continue to tighten the noose on producers and refiners, making it harder to drill for oil and gas, and more expensive to refine it. We applaud this Supreme Court decision and look forward to more balanced decisions toward our industry in the future.”

Posted on July 6, 2022 and filed under Louisiana, Oil and Gas.

Biden looks everywhere to lower gas prices — except boosting oil production

"The administration pretends as though no one's paying attention to the fact that they've shut down pipelines, that they've stopped leasing, that they've made it harder to produce wherever they could," Dan Kish, a senior fellow at the Institute for Energy Research, told Fox News in an interview.

"Somehow, he pretends to be surprised that price of gasoline is going up and people are hurting at the pump," he added.

Posted on June 23, 2022 and filed under Joe Biden, Oil and Gas.