It is not uncommon to hear people all across Louisiana talking about the Permian Basin and for a good reason. The west Texas formation saw its first commercial oil well completed in 1921, and since then, the basin continues to be a predominant supplier of United States oil and gas. Some even say that an oil and gas recovery begins and ends in this portion of West Texas.
On the morning of October 30th, Louisiana’s oil and gas industry woke up to promising news amongst the headlines of low rig counts and low global commodity pricing. The United State Supreme Court denied hearing the Southeast Louisiana Flood Protection Authority-East’s (SLFPA-E) appeal of the lower courts ruling.
It has been over one hundred days since Trump took office and in that time, we have seen the Dakota Access and Keystone XL pipeline projects jump started, many regulations from the Obama-era rolled back, as well as a rejuvenation of leasing programs and streamlining processes for permitting on federal land and water.
The Louisiana Oil and Gas Association (LOGA) and the Louisiana Mid-Continent Oil and Gas Association (LMOGA) released the following statements upon receiving notification that the United States Fifth District Court of Appeals denied the plaintiffs' petition for a re-hearing of the Southeast Louisiana Flood Protection Authority-East’s (SLFPA-E) lawsuit against oil and gas companies alleging damages to coastal land.