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Tag Archives: Tuscaloosa Marine Shale

Louisiana and Mississippi driller Goodrich files bankruptcy

goodrich files bankruptcy

JACKSON, Miss. (AP) — One of the oil companies most active in drilling wells in the Tuscaloosa Marine Shale formation in Mississippi and Louisiana has sought bankruptcy protection. Houston-based Goodrich Petroleum filed for Chapter 11 bankruptcy Friday after securities owners rejected swapping their holdings for common stock to lower debt payments. The company cites $99 million in assets against $507 ...

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Texas company fined for taking water from river

water ripples in stream

JACKSON, Miss. — A Texas oil company involved in the Tuscaloosa Marine Shale project has agreed to pay a $60,000 penalty for withdrawing water from a stream without a permit. The Mississippi Department of Environmental Quality tells The Enterprise-Journal Halcon Operating Co., based in Houston, agreed to pay the sum for taking water from Buffalo River in Wilkinson County before ...

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County finds silver lining in stalling of oil production

pump jack

NATCHEZ – Adams County may have found a small silver lining to the stalling of oil production in the Tuscaloosa Marine Shale. For the last five months, the company Go West had an agreement to use the scale house at the former International Paper property for approximately $1,500 a month, but recently allowed the agreement to lapse, Adams County Board ...

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Oil shale development continues declining

oil barrels

NATCHEZ – Development in the Tuscaloosa Marine Shale is continuing to slow as oil prices continue declining. Goodrich Petroleum announced last week its plans to spend between $90 and $110 million this year in the shale play, which is located in Amite, Wilkinson and southern Adams County and in Louisiana. That plan is a reduction from earlier projections of $150 ...

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Goodrich Petroleum cuts oil drilling in La. and Miss.

JACKSON, Miss. — Low oil prices mean the driller that has been the most bullish on an oil region that straddles the Louisiana-Mississippi line is cutting back. Goodrich Petroleum Corp., based in Houston, said Friday that it will spend $80 million to $100 million on exploration and drilling this week, down from $150 million to $200 million it had previously ...

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New Orleans to host TMS conference amidst low oil prices

The oil and gas industry in Louisiana and the surrounding region will kick off February with the 3rd Tuscaloosa Marine Shale Development Summit and Exhibit in New Orleans. The conference, hosted by Information Forecast (Infocast), is slated for February 3-5. Infocast is one of the leading hosts of energy industry conferences, with five events set for February alone. Although low ...

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Helis submits 500-page response to Army Corps’ questions

In a continued effort to earn approval on all fronts for its hydraulic fracturing permit in St. Tammany Parish, Helis Oil & Gas Co. has submitted a 500-page explication to the U.S. Army Corps of Engineers which addresses all questions and concerns addressed by the authority last December. The Corps had raised a variety of questions regarding Helis’ proposal to ...

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Haynesville Shale: Is it making a comeback?

SHREVEPORT, La. — Texas-based Comstock Resources weeks ago offered a sliver of hope the Haynesville Shale may be getting renewed attention from the industry. The independent energy company announced plans to suspend its oil-directed drilling activity in shale plays in Texas and Mississippi and move two rigs to Northeast Louisiana where it would start up drilling for natural gas in ...

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Top 5 Haynesville stories of the week

5. Obama administration sued over Gulf of Mexico fracking info An environmental advocacy group sued the Obama administration in federal court on Thursday for refusing to release documents detailing the extent of fracking in the Gulf of Mexico. The Center for Biological Diversity filed the lawsuit in U.S District Court in Washington, saying the Bureau of Ocean Energy Management has refused to ...

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