Louisiana drillers crossing state lines to dispose of wastewater
For years, drillers have disposed of drilling wastewater by pumping it back underground into naturally salty water formations. Now competition is rising from disposal companies in east Texas, where...
View ArticleState, industry prepare new proposal to encourage more ultra-deep wells
State lawmakers and industry lobbyists are again pitching a plan to encourage more companies to drill the expensive wells in state waters. Analysts say passage of the latest proposal could help knock...
View ArticleMcMoRan starts 2012 strong with promise of Davy Jones production
McMoRan Exploration Co. started 2012 in the black, reporting today a profit of $5.5 million for the first quarter compared to a $15.8 million loss a year ago. On a per-share basis, however, the New...
View ArticleLower utility bills good for customers, bad for city’s bottom line
What do historically low gas prices and trimmer electric bills for New Orleans residents and businesses have to do with City Hall’s effort to balance its coffers? Apparently, about $6.3 million in lost...
View ArticleDrillers’ interest grows cautiously in Tuscaloosa Marine Shale
Companies have eyed the Tuscaloosa Marine Shale for development for decades but have struggled to find a cost-efficient way to tap the pool of oil trapped in deep underground rock. More recently, oil...
View ArticleSaratoga Resources sees shallow water potential
Thomas Cooke, CEO of Saratoga Resources Inc., is an advocate for patience when it comes to tapping a wealth of natural gas finds in the shallow waters off the Louisiana coast.
View ArticleSaratoga shifts interests to Outer Continental Shelf
Saratoga Resources Inc., an oil and gas firm historically focused on drilling in Louisiana state waters, will make its first foray into the Gulf of Mexico’s Outer Continental Shelf this year as it...
View ArticleState targets industrial construction with training dollars
Nearly all of the $10 million in special state money approved this year for rapid response work force training at Louisiana community and technical colleges will be used to help the state meet demand...
View ArticleExxon profit falls by half but production rises
Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in...
View ArticleSurging natural gas prices: Threat to consumers this winter?
Brace for a rude surprise on your winter heating bills. After years of unusually inexpensive levels, the price of natural gas in the United States has more than doubled since this time last year. In...
View Article
