Louisiana Mid-Continent Oil and Gas Association

News

Chris John: Enjoy the AC while you can; higher electricity costs on the horizon

  • LMOGA in the News
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Things are really heating up this summer — both literally and figuratively.

We are beginning the presidential debates in earnest and they are yielding plenty of questions. Will the inevitability of Hillary Clinton getting the endorsement of the Democratic Party be thwarted by Vice President Joe Biden entering the fray? Also, what is the likelihood of Donald Trump sustaining his momentum in the crowded 17-candidate race for the Republican Party nomination?

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Good signs coming from the Gulf

  • Industry News
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Depending on which prediction you read, oil prices could be set for a rebound or headed even lower.

In turn, that could mean a healthy recovery for the local oilfield businesses and workers who have suffered a slowdown corresponding to the current downturn in prices.

Or, it could mean that the hardships that have hit our oil and service companies are here to stay, at least for the short term.

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Western Gulf of Mexico lease sale opens 21.9 million acres for drilling

  • Industry News
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The federal government will open waters offshore Texas in August for new oil and gas drilling. The sale will be the eighth under President Barack Obama administration's five-year offshore leasing plan.

The Bureau of Ocean Energy Management said Thursday (July 16) it will put 21.9 million acres up for lease at the Mercedes-Benz Superdome in New Orleans on August 19. The leasing area covers water depths ranging from a few dozen feet to more than 10,000 feet.

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Chris John: Dedicating BP settlement funds to restoration sends message

  • LMOGA in the News
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I hope the Fourth of July was filled with family, friends and fun. It is always nice to take time to slow down and count our blessings of being an American and a Louisianan. Living in this state allows us to witness every day how resilient and hardworking the citizens are and how unique our environment is.

Recently, this was on display when it was announced that BP had reached agreements in principle for $18.7 billion to settle all federal and state claims arising from the Deepwater Horizon incident. This includes Louisiana, Mississippi, Alabama, Florida, Texas and settlements of claims made by more than 400 local government entities. As I said in these pages on the day following the announcement, “The settlement brings clarity and closure on a lot of litigation that has been going on for five years. Now we can move forward. The parties sat down and agreed on this settlement.”

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Nicholls petroleum program poised for future growth

  • Industry News
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Nicholls State University is preparing physical and personnel expansions to increase enrollment to offset shrinking revenues.

The Petroleum Engineering Technology and Safety Management program began expanding three classrooms last month in the recently vacated Gouaux Hall, which until recently housed the university's John Folse Culinary Institute.

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