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5-14-2019

WASHINGTON - China announced Monday it will raise tariffs on U.S. LNG to 25 percent, part of a broad retaliation to President Donald Trump's announcement last week he was raising tariffs on $200 billion in Chinese goods.

The escalating trade war between the world's two largest economies sent financial markets reeling, with the Dow Jones Industrial Average down more than 2 percent Monday morning.

The new tariffs come as U.S. LNG exports are fast rising - ...

5-14-2019

Venture Global Delta LNG has plans to construct a natural gas liquefaction facility in Plaquemines Parish with pipelines beginning in Ouachita Parish and running through Franklin Parish.

The plans were introduced at the Franklin Parish Police Jury’s committee meeting May 1.

Construction of a 630-acre facility on the banks of the Mississippi River could possibly start in late 2019 if all permits are accepted and be completed in 2023, according to information from the company’s website.

4-24-2019

Amelia Resources announced today that it has sold 40,000 net acres of newly acquired leases to an undisclosed U.S.-based buyer. The acreage block is located in the core of the Louisiana-Mississippi (LAMS) Stack Play on the eastern side of the Louisiana Austin Chalk trend.

Amelia's President, Kirk Barrell, said, “With consistent higher oil prices, the stacking of the Austin Chalk and Tuscaloosa Marine Shale (TMS) make for a very attractive target. Continued success in ...

3-27-2019

UNITED STATES DISTRICT COURT

WESTERN DISTRICT OF LOUISIANA

SHREVEPORT DIVISION

 

ALLEN JOHNSON, ET AL                                      CIVIL ACTION NO. 16-1543

VERSUS                                                                    JUDGE S. MAURICE HICKS, JR.

CHESAPEAKE LOUISIANA, LP                            MAGISTRATE JUDGE HORNSBY-

 

MEMORANDUM RULING

 

Before the Court are two Motions for Partial Summary Judgment. See Record Document 24 & 28. The first is a Motion for Partial Summary Judgment (Record Document 24) filed by Defendants, Chesapeake Louisiana, L.P. and Chesapeake  Operating, L.L.C. (collectively “the Chesapeake Defendants”). The second ...

2-13-2019

NEW ORLEANS--(BUSINESS WIRE)--Feb 11, 2019--Amelia Resources LLC announces the offering of 400,000 net acres in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit.

Amelia Resources announced today that it will be offering 400,000 net acres for sale in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit in Houston, Texas, February 13.

Amelia’s President, Kirk Barrell, said, “EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional ...

2-13-2019

The dam has broken on the “second wave” of U.S. LNG export projects. ExxonMobil and Qatar Petroleum last week announced a final investment decision on their joint venture liquefaction and export project — called Golden Pass Products — at the brownfield site of the Golden Pass LNG terminal on the Texas side of the Sabine-Neches Waterway. That’s a skipping stone’s throw from Cheniere Energy’s Sabine Pass LNG and Sempra Energy’s Cameron LNG ...

1-15-2019

.S. liquefied natural gas (LNG) exports, primarily heading to Asian markets, will continue to experience an uptick in export volumes, thanks in no small part to production levels in the Haynesville Shale formation that underlies large parts of southwest Arkansas, northwest Louisiana and east Texas.

The shale prospect is undergoing a bit of a renaissance and looks set to smash its historical natural gas output record dating back to 2011 sometime this year. Research conducted by ...

12-18-2018

The developer of a liquefied natural gas export facility in southwest Louisiana won approval for a controversial tax break that could reach more than $2 billion over 10 years, potentially the largest exemption awarded in the state’s history.

The Louisiana Board of Commerce and Industry voted in favor of the exemption for Driftwood LNG LLC, a subsidiary of Tellurian Inc., on Friday. A spokesman for Gov. John Bel Edwards said he will sign off on it.

12-7-2018

(Bloomberg) -- America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal -- even if likely brief -- moment toward what U.S. President Donald Trump has branded as "energy independence."

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to ...

11-27-2018

U.S. energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year.

Drillers cut three oil rigs in the week to Nov. 21, bringing the total count down to 885, General Electric Co’s (GE.N) Baker Hughes energy services firm said in its closely followed report on Wednesday.

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