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Haynesville Shale News

LWC data reflects oil, gas industry job losses

The Louisiana Workforce Commission (LWC) has released the state’s latest employment data, representing March’s workforce numbers, and the information reflects the job-loss trend in the oil and gas industry. Louisiana’s seasonally-adjusted job counts for the mining and logging sector—where the oil and gas industry falls—decreased by 600, or 1.2 percent, from February to March this year. Over the last year, ...

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Storm leaves 170,000 without power in U.S. Gulf Coast

Almost 170,000 homes and businesses were without power early on Tuesday from Texas to Mississippi after severe storms battered the U.S. Gulf Coast states on Monday, according to local utilities. The storms moved from west to east, hitting Texas first. Power companies in Texas said they expect to restore power to most customers later on Tuesday, but would not be ...

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Train derails in Louisiana; precautionary evacuation lifted

ADDIS, La. — A precautionary evacuation order issued after four chemical tanker cars derailed in Louisiana has been lifted. The cars derailed Tuesday in the West Baton Rouge Parish town of Addis around 1:30 p.m., news media outlets quoted authorities as saying. Parish officials say the evacuation was lifted early Wednesday. The investigation in the incident continues. Officials say they ...

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Auditor: Oil companies pay too little for oyster damage

NEW ORLEANS — Oil companies that damage the state’s public oyster grounds — for example when they drill wells and lay pipelines — are not required to pay enough in compensation to the state, according to a state legislative auditor’s report. This was one of several findings in a Louisiana Legislative Auditor’s report released Monday examining payments companies make for ...

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Jindal, company announce $135M expansion in Louisiana

LAKE CHARLES, La. — W.R. Grace & Co. and Chevron Products Co. will build a $135 million residue hydro-processing catalyst production plant and additional alumina capacity at the existing Grace manufacturing facility near Lake Charles. The announcement was made Monday in a news release from Gov. Bobby Jindal and W.R. Grace & Co. Chairman and CEO Fred Festa. The companies’ ...

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North Louisiana sees return to Haynesville, “mini-boom” in Cotton Valley

Like many oil and gas companies, Comstock Resources Inc. struggled through the first quarter of 2015. The Frisco-based company announced a $78.5 million loss for the quarter last week, having taken a beating from low commodity prices across the board. During the first quarter, Comstock produced roughly 91 million cubic feet of natural gas per day (MMcf/day) and 115 thousand ...

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