LOGA Weekly Drilling Report
Become a MemberCheck Out Our Online Videos


The mission of NARO is to encourage and promote exploration and production of minerals in the United States while preserving, protecting, advancing and representing the interests and rights of mineral and royalty owners through education, advocacy and assistance to our members, to NARO chapter organizations, to government bodies and to the public.

12-18-2018

The developer of a liquefied natural gas export facility in southwest Louisiana won approval for a controversial tax break that could reach more than $2 billion over 10 years, potentially the largest exemption awarded in the state’s history.

The Louisiana Board of Commerce and Industry voted in favor of the exemption for Driftwood LNG LLC, a subsidiary of Tellurian Inc., on Friday. A spokesman for Gov. John Bel Edwards said he will sign off on it.

12-7-2018

(Bloomberg) -- America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal -- even if likely brief -- moment toward what U.S. President Donald Trump has branded as "energy independence."

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to ...

11-27-2018

U.S. energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year.

Drillers cut three oil rigs in the week to Nov. 21, bringing the total count down to 885, General Electric Co’s (GE.N) Baker Hughes energy services firm said in its closely followed report on Wednesday.

Click HERE to read more ...
11-19-2018

Aethon III, a unit of Dallas private investment firm Aethon Energy Management LLC, agreed to buy Haynesville-Cotton Valley natural gas assets from QEP Resources Inc. of Denver.

QEP Pres. and Chief Executive Officer Chuck Stanley said the pending $735-million sale is “an important next step in our process of becoming a Permian pure-play company.”

Proceeds will finance development of QEP’s core Permian assets and reduce debt. The transaction includes producing properties, undeveloped acreage, and ...

11-16-2018

With only a few weeks until the official end of the natural gas storage injection season, the reality of the low level of supplies has suddenly awoken gas prices from their months-long slumber. While this should not be a surprise, the fact it has taken nearly all year for this to happen has been the surprise. The apparent disconnect between weak gas prices and low weekly storage injections may be a signal that there are ...

10-10-2018

Dallas Cowboys Owner Seeks Shale Gas Deals in Haynesville

(Bloomberg) -- Dallas Cowboys billionaire owner Jerry Jones is exploring a series of takeovers to expand his Comstock Resources Inc. in the Haynesville, as drillers return to the previously shunned shale gas play.

Executives at Comstock have been open about their willingness to do deals after Jones bought an 84 percent stake earlier this year. The company recently expressed interest in buying private equity-backed Covey Park Energy ...

9-24-2018

The US Energy Information Agency (EIA) recently published two interesting sets of maps to show how the US energy mix has changed state by state between 2007 and 2017.

That decade saw the rise of cheap natural gas that lead many utilities to switch away from coal, but the result is not as clear-cut as one might think: in some states, coal retirements resulted in nuclear power becoming the most-used energy source.

It's also important to note ...

9-24-2018

The US Energy Information Agency (EIA) recently published two interesting sets of maps to show how the US energy mix has changed state by state between 2007 and 2017.

That decade saw the rise of cheap natural gas that lead many utilities to switch away from coal, but the result is not as clear-cut as one might think: in some states, coal retirements resulted in nuclear power becoming the most-used energy source.

It's also important to note ...

9-18-2018

atural gas production in the Haynesville Shale formation, which spans much of northwest Louisiana, has reached its highest point since its peak in 2012. 

Since bottoming out in 2016, production has gradually increased on the back of rising natural gas prices, according to a new report from the Energy Information Administration. Production in June 2018 reached 6.4 billion cubic feet per day, accounting for 8.5 percent of total U.S. dry natural gas production. 

Click HERE to read more ...
8-24-2018

HOUSTON—Automation has brought robots into fields onshore and offshore in search of leaks and to perform small tasks. It has also been used to automate drillpipe handling and for monitoring and diagnostics.

Now Halliburton Co. (NYSE: HAL) is bringing automation to the hydraulic fracturing process. The company envisions completing a full fracturing treatment with the push of a button, putting its surface treatment data such as treating pressure and proppant quantity with diagnostic subsurface ...