Louisiana

ConocoPhillips has pulled out of the much-hyped Louisiana Austin Chalk play after the company’s test wells yielded a gusher of water. Meanwhile, an Australian operator flying under the radar continues to pursue the adjacent-but-even-more-challenging Tuscaloosa Marine Shale.

Louisiana state granted a tax incentive to LNG Ltd. for its Magnolia project in Lake Charles. Although a beneficial development, it’s a drop in the bucket in the company’s progress toward FID.

A US appeals court overturned a district court’s preliminary injunction that prevented construction on part of Energy Transfer Partners' Bayou Bridge crude oil pipeline in the Atchafalaya Basin of Louisiana.

After a drop in drilling activity in recent years, the Haynesville shale has become a hot area for natural gas production in the US, and companies are looking to bolster their positions in the area.