ragincajun03

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I was just thinking that Louisiana needed more lawyers.

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The previous and current Governor agree with you.

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Interesting. Because they probably have to PPQ after they complete or they will lose the leases anyway.

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Would depend on the lease language. Is paying quantities required to hold the lease acreage from pughing? If so, but if it’s a well in a place like Permian or DJ, you know it’s going to produce sufficient quantities to pay royalties. Can you drill one or two to hold an entire lease?

If there’s continuous drilling clauses, is it continuous drilling (as in just spud and leave a DUC for later), or is it “continuous development”, and worded that you have to keep producing on a clock.

If it’s a decent royalty lease already, there’s quite a few mineral owners who don’t mind granting extensions on continuous development. That why their minerals can be sold at a better price to gain higher royalties. It just becomes a negotiation at that point for any extension or waiver.

Makes Billy Bob’s little $70-80 sweet spot line make more even more sense.

High enough that the U.S. O&G industry doesn’t bleed jobs, but low enough on the consumer. That part was obvious.

But in the OPEC/Saudi aspect, still too low for the Saudi government if they require the 90 mark. If you let it get to 100+, then they can stock pile a nest to then afford to lead a price crash to hurt US shale. But if you keep it in that “sweet” spot, they continue to have to produce at a price point that still can’t meet their needs, and further hinders them being able to withstand a long drive down of prices just to hurt US market share.

It will definitely frick crawfish prices.

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I’m still on the fence about voting for someone to be president that is around my age.

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Not me. We got enough old arse 80 year old frickers in DC, and we’re on our second in a row as Commander in Chief.

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I’m not jumping on his bandwagon until I see some BIG moves on turning the tide on H1Bs. For me that’s his Achilles heal.

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Is that solely his project?

Been a long time since I’ve eaten down there. Looks like Sartin’s is permanently closed.

Maybe try Tia Junitas’s?

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The Louisiana Mid-Continent Oil and Gas Association has released a new economic impact study showing that the energy industry is responsible for 25% of Louisiana’s total economic output.

The 2025 study, conducted by economist Stephen Barnes, provides a comprehensive post-pandemic analysis of the sector’s influence. It reveals that the energy industry accounts for 15% of total state employment, 19% of total earnings, and supports up to 31.3% of local property tax revenue.

Key statewide findings from the study, which captures direct, indirect, and induced effects of the energy sector, include:

306,750 jobs, representing 15% of total state employment
$25.5 billion in annual statewide earnings
$77.7 billion added annually in total value, or 25% of Louisiana’s economy
$974 million paid in specific state taxes in fiscal year 2024
$1.1 billion paid in local property taxes in FY24
$3.48 billion, or 20.4% of state taxes, licenses, and fees generated in FY24

Barnes highlights the sector’s growth potential, pointing to Louisiana’s interconnected economy and the opportunities emerging from new technologies and global energy trends. He emphasizes that capitalizing on these developments could position Louisiana as a leader in the global energy transition, securing long-term economic opportunities for future generations.

The report also identifies four key “energy super regions” where more than 90% of the industry’s economic impact is concentrated: the River Region (Baton Rouge to New Orleans), the Bayou Region (Lafayette to Houma), Southwest Louisiana, and Northwest Louisiana..

The River Region accounts for 134,654 energy-related jobs, $11.4 billion in earnings, and $39.1 billion in local economic value.

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LINK

:USA:

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To reduce the need for fresh fracking water, the Colorado Energy and Carbon Management Commission, on April 8 issued first-in-the-nation regulations requiring 4% of the water from oil and gas production to be recycled starting in 2026 and rising to as much as 35% by 2038.

The amount of water used for fracking — or hydrofracturing — in Colorado is minor, averaging 1.7% of the state’s total water consumption between 2011 and 2020.

“Conservation in the oil and gas industry doesn’t have as big an impact as a similar amount of conservation from the agricultural community,” ECMC Commissioner John Messner told The Colorado Sun. “That’s your biggest water user in the state.”

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The water that comes back out of a well, known as produced water, is a mixture of the water that went down and water that was in the rock formation — often saltwater from prehistoric seas. It is also mixed with oil, mud and sand.

Industry executives say one challenge is the scale of infrastructure that will be needed to cope with recycling produced water. A second problem is the fact that on the Front Range only a fraction of the water that goes down the hole comes back up.

“This makes it difficult to source sufficient volumes of produced water to recycle for the completion of a new well,” Seth Gordon, an engineer for Chevron U.S.A. Inc., said in commission testimony.

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The regulations provide that when recycling begins in 2026, operators only have to use 2% recycled water the first year and then 4% during the next three years. In 2030, the target will be raised to 10%.

The new rules zero in on the Denver-Julesburg or DJ Basin, which consumes 90% of the freshwater used in fracking in Colorado, but recycles less than 1% of its produced water.

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By contrast, the Western Slope’s Piceance Basin uses less than 1% of the freshwater and recycles 92% of its produced water.

There are several reasons there has been so little recycling on the Front Range. One is geology. The amount of water in rock strata varies from basin to basin. In the DJ Basin only 30% to 40% of the fracking water sent down a well comes back up.

“We get about eight barrels of oil for every barrel of water in the DJ,” said Grant Tupper, a business development director for water recycler Select Water Solutions. In Texas’ Permian Basin, he said, there are approximately eight barrels of water for every barrel of oil.

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In other basins, those large amounts of produced water are waste that must be dealt with. In the Piceance, Colorado’s largest water-producing basin, it has led to an extensive network of pipelines and recycling facilities.

“Not having to deal with that produced water certainly creates better economics for operators (in the DJ) than it does in other areas of the country,” Messner said. As a result, there is little recycling infrastructure on the Front Range.

The DJ Basin has the fewest pipelines for carrying produced water and as a result the basin is more dependent on trucks for hauling produced and recycled water, according to a consortium report.

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Baws…if only we could build a huge arse pipeline to send that Permian saltwater up to Colorado for them to have more than enough to use.

Gravity would be a son of a bitch. Get to work, you geek engineers. :lol:

Might not be long before Texas and New Mexico implement something like this. Especially New Mexico.

Such a shitshow.

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Tucker must be on pills or something now.

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I've come to the conclusion that Tucker Carlson doesn't believe all of the stuff he puts out there. He's an entertainer overall who has to draw viewers and/or listeners, which then draws advertisers who want his viewers and listeners to buy their products.

He knows who and what his base is, and he's grabbed them perfectly. I used to like him alot about 10-15 years ago, but his stuff now is geared much more towards an outraged audience who believes random memes and even falls for fake bot/AI news from Chinese and Russian outlets.

The crazies on both sides of the spectrum have taken over. Give me the crazies on the more conservative side, though. I can at least work with that.