OEG Offshore Announces Merger with Cargo Specialist Paragon Industries
OEG Offshore announced on May 1, 2017, that it would be merging with Cargo Specialist Paragon Industries. OEG Offshore specializes in producing and delivering customized...
Louisiana
Mounting Problems for Louisiana Oil Companies
The turbulence of the oilfield has been widespread over the past two years since OPEC decided to let the supply overcome the demand for oil,...
Appeals Court Rules in Favor of Oil and Gas Companies in Louisiana Case
On March 3, a federal appeals court affirmed a district court’s decision to dismiss a case alleging that oil and gas companies were responsible for...
Covey Park Energy Purchases Assets from Chesapeake in North Louisiana
Dallas-based Covey Park Energy on Feb. 15 said that it has closed on the acquisition of assets in the Haynesville shale area in North Louisiana....
BHP Billiton Approves Investment in Mad Dog Phase 2 Project
BHP Billiton in early February said that its board approved expenditure of $2.2 billion for its share of the development of the Mad Dog Phase...
Bayou Bridge Pipeline to Have Large Economic Benefit for Louisiana
The Bayou Bridge Pipeline expansion in Louisiana will have a significant economic benefit for the state, according to one group’s report on the matter. The...
Foothills Exploration, Magna Team Up on Labokay Prospect
Foothills Exploration Inc. in December entered into a participation agreement with Magna Operating LLC for the Labokay prospect, which covers 240 acres in Calcasieu Parish,...
Swift Energy Sells Remaining Louisiana Assets
Swift Energy Company in December 2016 said it has sold its remaining 25% interest in the Burr Ferry and South Bearhead Creek Fields in central...
Louisiana Oil and Gas Companies Optimistic about Trump Policies
As it currently stands, many oil and gas companies are required to provide capital up front to fund the removal of their offshore equipment in...
Gulf Coast States May Receive Extra Offshore Oil and Gas Royalties
If Sen. Bill Cassidy (R-LA) gets his way, Alabama, Louisiana, Mississippi, and Texas will receive extra offshore gas and drilling royalties from the American Energy...