Oil prices have hit $70 a barrel but Louisiana oil and gas industry still struggles
Posted on 5/8/2018 12:42:00 PM.

Oil prices in the U.S. have climbed over the $70 mark for the first time since 2014. But Gifford Briggs, president of the Louisiana Oil and Gas Association, says the rise in crude prices is not jump starting an industry that’s been struggling.

Oil and Gas Association, Oil prices

Higher Than Normal Gas Prices will Come Back Down Soon
Posted on 10/9/2017 3:00:00 AM.

Now that Tropical Storm Nate has become a memory for Louisiana, what will that mean for gas prices? Oil rigs from Louisiana to Alabama were shut down and the industry hasn’t fully recovered from Hurricane Harvey in August. Don Redman from Triple-A says any increase in prices we see will be short lived.

gas prices, oil prices, oil rigs, AAA, Triple-A

Gas prices leveling off, may drop more
Posted on 8/16/2017 4:34:00 AM.

After peaking over the last couple of weeks, gasoline prices appear to be leveling off, according to GasBuddy. Patrick DeHaan with GasBuddy says this is good news for drivers. He says prices have peaked for the short term and are now moving back down again.

Patrick Dehaan, GasBuddy.com, gas prices, oil prices

Spirits high for annual Louisiana Oil and Gas Association summit
Posted on 3/9/2017 12:20:00 AM.

There’s a renewed sense of optimism for the oil industry, according to the Louisiana Oil and Gas Association, who host their annual summit today in Lake Charles. LOGA Vice President Gifford Briggs says higher oil prices aren’t the only thing contributing to their uplifted spirits.

Gifford Briggs, LOGA, oil and gas, oil prices,

Crude oil predicted to be $52.50 per barrel in 2017
Posted on 1/11/2017 11:56:00 AM.

The U.S. Energy Information Administration says the average price of crude oil in 2017 should be $52.50 per barrel, so what does that mean for Louisiana? Associate Director of the Tulane Energy Institute Eric Smith says this is a nine dollar improvement from last year but likely not enough to support new deep water activity.

Eric Smith, oil prices, crude oil

Oil prices drop to three month low
Posted on 7/26/2016 10:34:00 AM.

Oil prices have fallen to a three month low at just over $40 a barrel. That’s a 12% drop just in July. Associate Director of the Tulane Energy Institute, Eric Smith, says he expects prices to continue to go up and come back down. He says there is too much supply to help oil prices rebound completely, and companies keep drilling more.

Eric Smith, oil prices,

Experts predict low oil prices throughout 2016
Posted on 2/22/2016 11:16:00 AM.

According to experts at the International Energy Agency, oil prices will not rebound until next year. David Dismukes, Executive Director at the LSU Center for Energy Studies, says this is disappointing news to the oil industry, after hearing reports about a production freeze in the Middle East. But Dismukes doesn’t see a cutback in production by oil producing countries.

David Dismukes, International Energy Agency, oil prices

2016 Louisiana Oil and Gas Association meeting gets underway Wednesday
Posted on 1/27/2016 5:03:00 AM.
Michelle Southern reporting.
The Louisiana Oil and Gas Association's annual meeting begins today at the Golden Nugget Casino in Lake Charles. Vice President Gifford Briggs says the market shifted drastically in 2015, and it's critical that industry professionals stay informed.
louisiana oil and gas association, annual meeting, golden nugget, gifford briggs, john bel edwards, oil prices

Louisiana sees increase in healthcare and education jobs
Posted on 1/26/2016 6:30:00 PM.

The Bureau of Labor Statistics released data showing Louisiana’s unemployment rate fell to 6.1 percent in December. Executive Director for the Louisiana Workforce Commission Ava Dejoie says despite a decline in oil prices and a loss of jobs in that industry, the state experienced increased employment in education and health services.

Bureau of Labor Statistics, Louisiana Workforce Commission, Ava Dejoie, oil prices, education, healthcare

Falling oil prices are hurting the state budget
Posted on 1/20/2016 12:13:00 PM.
The current, sharp drop in the price of oil is having an adverse effect on the state's budget.  This morning the price of crude oil dropped below $27 a barrel.  
Louisiana, budget, oil prices, layoffs, Jan Moeller

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