Firm secured 20 year contract to supply gas to Poland starting in 2022 From Reuters Venture Global LNG Inc’s Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana took a big step toward receiving federal approval for construction on Monday after staff at the U.S. energy regulator issued a final environmental report. In the report, known as a final
Venture Global LNG Announces Additional Private Placement Funding of $160 Million: Aggregate Funding Total Reaches $630 Million
Shale Support, a leading provider of frac-sand and logistical solutions to the oil and gas proppant market, today announced it has closed on a deal purchasing two natural mines in Kinder and Central Louisiana. This expansion adds 2.0 million tons of nameplate capacity to Shale Support, increasing the organization’s total capacity to 5.0 million tons annually. “We’ve been an ‘in-basin’
Expanded pipeline could grow to one million barrels per day of oil takeaway Andeavor (ticker: ANDV), formerly known as Tesoro, will be partnering up with Phillips 66 Partners (ticker: PSXCP) and Buckeye Partners, L.P. (ticker: BPL) in two projects that will help transport Permian Basin oil to market. The first joint venture project, Gray Oak Pipeline, LLC, is owned by
Bill would reclassify pipelines as critical infrastructure From Associated Press / Sacramento Bee BATON ROUGE, LA. – A fight over a crude oil pipeline in southern Louisiana has spilled into the Legislature. A proposal to stiffen penalties for damaging or trespassing around pipelines is nearing final passage after winning approval Tuesday from a Senate judicial committee. Rep. Major Thibaut’s bill would
Tellurian Inc. (ticker: TELL) wrapped up its first year as a public company, ending 2017 with $128.3 million of cash and cash equivalents. The company remains debt free, but reported a net loss of $231.5 million, or $(1.23) per share as it ramps up permitting and preconstruction phases for its Driftwood LNG plant on the Louisiana Gulf coast. Driftwood is
From CNBC Shell Oil is reportedly loading a supertanker in Louisiana, the first of its kind to leave that port with U.S. crude exports. The shipment via the Saudi Arabian-owned supertanker, capable of carrying 2 million barrels, signals the next phase in the U.S. transition to becoming a major energy exporter. The first oil supertanker, capable of carrying 2 million
Goodrich Petroleum Corporation (ticker: GDP) is an independent E&P headquartered in Houston, Texas with operations in Texas, Louisiana and Mississippi. The company’s preliminary capital expenditure budget for 2018 stands at $65 to $75 million and will be directed towards the company’s core acreage in the Haynesville shale. Goodrich Petroleum plans to drill 16 gross horizontal wells in 2018, with an
EnerCom Dallas presenting company PetroQuest Energy (ticker: PQ) was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves located principally onshore in Louisiana and offshore in the Gulf of Mexico. The company is headquartered in Lafayette, Louisiana. Central Louisiana Austin Chalk acquisition The company recently entered the Central Louisiana Austin
Goal is to debottleneck the existing pipeline infrastructure in Southwest Louisiana: TELL Tellurian Inc. (ticker: TELL) expects to develop and expand its pipeline network by adding two pipelines to the previously announced Driftwood Pipeline (DWPL). The two additional pipelines will expand supply alternatives for the growing natural gas demand in Southwest Louisiana. Projected in-service dates are mid-2021 for the DWPL
41 Gen 3 wells on line in the Eagle Ford In its Q2, 2017 earnings call WildHorse Resource Development (ticker: WRD) reported second quarter production of approximately 22,600 BOEPD—which was 28% higher than its average production in Q1, 2017. It achieved a net income of $25.9 million, or $0.28 per share. Drilling activity During the course of Q2, the company
Production approaching 2 Bcfe per day During its second quarter of 2017, Range Resources (ticker: RRC) reported a net income of $70 million as compared to a net loss of $225 million a year ago. The company’s cash margins grew to $1.09 per Mcfe up from $0.70 per Mcfe in Q2, 2016. Range reached a new record in production at
