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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.

7-12-2019

U.S. LNG developer Tellurian Inc. said on July that units of French oil major Total SA have agreed to buy LNG from the U.S. company's proposed $30 billion Driftwood export project in Louisiana.

Total will buy one million tonnes per annum (mtpa) of LNG from Driftwood and invest $500 million in Driftwood Holdings LP, it said in a statement.

Total will also buy an additional 1.5 mtpa of LNG from Tellurian's offtake volumes from Driftwood. The ...

7-12-2019

Comstock Resources has agreed to acquire privately held, Haynesville-focused Covey Park Energy in a $2.2-billion cash and stock deal. The deal, which includes the assumption of Covey Park’s outstanding debt and the retirement of its $1.1 billion in existing preferred units, expands Comstock’s position in the Haynesville natural gas basin.

Comstock Resources Inc. has agreed to acquire privately held, Haynesville-focused Covey Park Energy LLC in a $2.2-billion cash and stock deal.

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7-1-2019

Virginia-based Venture Global has raised another $675 million of additional capital for its trio of proposed liquefied natural gas projects on the Gulf Coast, bringing its total committed capital to $2.8 billion, the company announced Thursday.

The latest round of capital funding from institutional investors will be used primarily for the further development of the company's 20 million metric tons per a year Plaquemines LNG export project in Plaquemines Parish, Louisiana, Venture Global said. The company is expected ...

6-21-2019

The U.S. Bankruptcy Court for the Southern District of Texas has confirmed Exco Resources Inc.'s amended plan for reorganization as it looks to emerge from Chapter 11 bankruptcy in the coming weeks.

The Dallas oil and natural gas company expects to complete the financial restructuring process in the coming weeks. Exco will reduce its leverage by more than $1.1 billion, the company said in a news release.

Exco filed for bankruptcy in January 2018 amid discussions ...

6-13-2019

Prime Rock Resources, Midland, a portfolio company of Lime Rock Partners, and privately held New Dawn Energy LLC, Houston, have agreed to jointly develop properties contributed by both companies in the Cretaceous Austin chalk play of Louisiana.

The effort involves 120,000 net acres in Allen, Avoyelles, Beauregard, Rapides, and Vernon parishes, with most in Masters Creek oil and gas field. The companies expect development to begin in the fourth quarter.

 

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6-10-2019

Houston, USA - 6 June, 2019

CGG and Fairfield Geotechnologies have signed a cooperation agreement to acquire a large-scale, multi-client survey in South Central Louisiana. The new 578-square-mile wide-azimuth survey, known as Bayou Boeuf, is designed to image the Austin Chalk play and provide a better understanding of the formations in this area which have recently regained industry interest.

The Bayou Boeuf survey provides coverage over the Avoyelles, Rapides, Evangeline and Saint Landry Parishes. Permitting is nearly ...

6-4-2019

The first cargo of liquefied natural gas has been shipped from Sempra Energy’s Cameron LNG project in Hackberry.

Sempra officials said this brings the $10 billion facility one step closer to commercial operations. "Seeing the first tanker depart loaded with U.S. LNG produced at this world-class facility is significant for our company," said Carlos Ruiz Sacristán, chairman and CEO of Sempra North American Infrastructure.

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5-24-2019

CLINTON — DeSoto Parish lifted its school system out of financial difficulty when oil and gas companies began drilling for natural gas in a geologic formation called the Haynesville Shale.

Now, East Feliciana Parish may have a similar opportunity with oil production from the Austin Chalk, a limestone formation deep below the surface and running through Texas and Louisiana, a school official told the School Board last week.

"DeSoto Parish used to be like us. Now ...

5-14-2019

WASHINGTON - China announced Monday it will raise tariffs on U.S. LNG to 25 percent, part of a broad retaliation to President Donald Trump's announcement last week he was raising tariffs on $200 billion in Chinese goods.

The escalating trade war between the world's two largest economies sent financial markets reeling, with the Dow Jones Industrial Average down more than 2 percent Monday morning.

The new tariffs come as U.S. LNG exports are fast rising - ...

5-14-2019

Venture Global Delta LNG has plans to construct a natural gas liquefaction facility in Plaquemines Parish with pipelines beginning in Ouachita Parish and running through Franklin Parish.

The plans were introduced at the Franklin Parish Police Jury’s committee meeting May 1.

Construction of a 630-acre facility on the banks of the Mississippi River could possibly start in late 2019 if all permits are accepted and be completed in 2023, according to information from the company’s website.