- About Us
- Industry Sectors
- Issues & Initiatives
- Legislative & Regulatory Affairs
- News & Events
Sen. Robert Adley, R-Benton, says he is prepared to shoot down any attempts to weaken his bill to undo a lawsuit against 97 oil companies for damaging the coast around New Orleans.
"I hear there will be amendments" when the bill is expected to be debated Tuesday, he said. "I don't have any."
Drilling approach altered in shale
Goodrich Petroleum Corp., of Houston, reported Monday that its Blades 33H-1 well in Tangipahoa Parish initially produced an average of 1,250 barrels of oil and 115,000 cubic feet of natural gas per day.
Goodrich said the well was drilled and completed under budget. The well is Goodrich’s latest in the Tuscaloosa Marine Shale, an oil-rich formation that stretches from Texas across the middle of Louisiana into Mississippi.
Goodrich Petroleum Corp. said Monday oil and gas were flowing from its operations in the Tuscaloosa shale reserve area in Louisiana.
Goodrich said it completed operations at its Blades 33H-1 well in Tangipahoa Parish in southern Louisiana.
The Louisiana Mineral and Energy Board collected $1.8 million during its April sale of oil and gas rights on state and local lands. The sale was dominated by a Baton Rouge firm, which scooped up the rights to 20 lease areas across the state.
The Wednesday (April 9) sale in Baton Rouge had a better turnout and drew higher bids than the March sale, which collected $769,753. The board sold 32 leases covering 3,851 acres out of 44 nominated tracts covering more than 29,000 acres.
U.S. imports of petroleum and liquid fuel sources should dip to 25 percent by the mid 2010s before rising again by 2040, the Energy Department said Monday.
The Energy Information Administration, the statistical arm of the Energy Department, started the first in a series of phased roll outs from its annual outlook for 2014. It said in its initial report Monday the import share of petroleum and other liquid fuels declines to about 25 percent of the total fuel supply by the middle of this decade and doesn't rise again above 30 percent until around 2040.