American Oil and Gas Reporter - February 2018 - 84

ConventionSection: Louisiana Oil & Gas Association

Louisiana Oil & Gas Industry
Shows Signs Of Renewal
By Dan Larson
Special Correspondent
LAFAYETTE, LA.-Oil and natural
gas activity in Louisiana shows signs of
renewal, industry leaders say, as prices
stabilize and hard-won efficiencies guide
fresh appraisals of conventional plays.
"We are still taking a cautious approach,
but our message this year is positive,"
says Bryan Hanks, chairman of the
Louisiana Oil & Gas Association. "We
are anxious to get back to work."
Hanks, president and chief executive
officer of BETA Land Services in
Lafayette, notes that when his industry
discussions turn to the near-term outlook,
many colleagues cite a perceived market
floor for oil at $50 a barrel as a key
factor behind their optimism. "Having
an established floor gives operators confidence in their plans and ability to move

forward," he assesses.
Hanks says he expects merger and acquisition activity in Louisiana to increase
this year as private equity investors see
the price rebound as an opportunity to
realize a return on their investments.
Austin Chalk Revival
For example, Hanks notes that in early
January, Amelia Resources of The Woodlands, Tx., sold 85,000 acres in the Austin
Chalk play for a reported $87 million to
an undisclosed buyer. The acreage was
only recently acquired, according to a
statement by Amelia's president.
Kirk Barrell described the acreage his
company sold as "targeting a shallower,
normally pressured, oil-rich, porous reservoir across an unfaulted monoclinal dip.
With the Tuscaloosa Marine Shale occurring 700 feet below the Austin Chalk,
the updip region of the play presents a

LOGA Annual Meeting - Lake Charles, La.
Wednesday, March 7
10 a.m. Golf Outing, Gray Plantation
4-7 p.m. Annual Meeting Registration,
Grand Foyer, Golden Nugget Casino and
Hotel
5-7 p.m. Welcome Reception, Grand Foyer
& Outdoor Pavilion

Thursday, March 8
7 a.m. Registration Opens, Grand Foyer
7:15 a.m. Breakfast
8:15 a.m. Breakfast Keynote Session
Speaker: Stephen Waguespack, Louisiana
Association of Business & Industry
9:45 a.m. Morning Session
David Blackmon, Columnist, Forbes.com
Anne Idsal, Administrator, U.S. Environmental Protection Agency Region VI
Chris McClendon, Coastal Atlas Project
Coastal Lawsuit Update by Kelly Becker
(invited), Liskow & Lewis
Louisiana Severance Tax Valuation Audits
& Lawsuits, Randy Songy, Onebane &
Donahue
Noon Keynote Lunch
Speaker: U.S. Interior Secretary Ryan
Zinke (invited)
1:45 p.m. Afternoon Session
Louisiana State Agency Panel with Chuck
84 THE AMERICAN OIL & GAS REPORTER

Brown, Secretary Department of Environmental Quality; Tom Harris, Secretary
Department of Natural Resources; Richard
Ieyoub, Commissioner of Conservation;
Jack Montoucet, Secretary Department
of Wildlife & Fisheries
Louisiana Resource Plays Panel Discussion
with Charles Goodson, Petroquest, on
the Austin Chalk; and Speakers to be
Announced on the Cotton Valley and
Haynesville Shale
Louisiana Legislative Panel with (all invited)
Senate President John Alario, R-Westwego; Speaker Taylor Barras, R-New
Iberia; Senate Natural Resources Chairman Norby Chabert, R-Houma; House
Natural Resources Chairman Stuart Bishop, R-Lafayette
5 p.m. PAC Meeting
6:30 p.m. Evening Cocktail Reception
7 p.m. Dinner Event

Friday, March 9
8 a.m. Breakfast
8:30 a.m. Breakfast Session
Speaker: U.S. Representative Ralph Abraham, R-La.
9:30 a.m. LOGA Board of Directors Meeting

potential 'stack play' opportunity."
The Amelia announcement followed
one made in late December by PetroQuest
Energy that it had acquired 24,600 acres
of Austin Chalk leases in Central Louisiana
for $8.7 million, according to a company
statement.
And a research firm notes new attention
is being paid to the Austin Chalk, based
on deals announced last year. This renewed
interest, combined with an upswing in
asset values in the Haynesville Shale that
started in 2016, bodes well for operators
and oil field service companies doing
business in the Bayou State, Hanks says.
Analysts at PLS Inc. in Houston suggest
disciplined capital policies developed
during the downturn have led "first movers
to the next resource play story: the Austin
Chalk-another old play with a technology-driven revival."
The firm also notes M&A activity in
the Haynesville bottomed in 2015 at $900
million. In 2016, however, activity in the
Haynesville rebounded to $3.2 billion
and was followed by a 0.7 percent increase
in deal value last year.
The industry's cautious optimism will
be on display at LOGA's 2018 annual
convention, scheduled for March 7-9 at
the Golden Nugget Casino and Hotel in
Lake Charles.
"Since the market shifted so drastically
in 2015, there has never been a more
critical time for industry professionals to
stay informed," the association asserts in
a preview of the meeting.
LOGA's meeting is only just days before the start of the Louisiana legislative
session, giving members plenty of choices
for hallway conversation topics. "March
in Louisiana is also prime crawfish season,"
Hanks quips, "so we will have that going
for us, too."
Tax Progress
LOGA can claim some important
progress during the past year in a longrunning dispute between industry and the
Louisiana Assessors Association (LAA).
Daron Fredrickson, chairman of
LOGA's Tax Committee and a partner at
Merit Advisors, reported last fall that his


http://www.Forbes.com

American Oil and Gas Reporter - February 2018

Table of Contents for the Digital Edition of American Oil and Gas Reporter - February 2018

Contents
American Oil and Gas Reporter - February 2018 - 1
American Oil and Gas Reporter - February 2018 - 1
American Oil and Gas Reporter - February 2018 - 2
American Oil and Gas Reporter - February 2018 - Contents
American Oil and Gas Reporter - February 2018 - 4
American Oil and Gas Reporter - February 2018 - 5
American Oil and Gas Reporter - February 2018 - 6
American Oil and Gas Reporter - February 2018 - 7
American Oil and Gas Reporter - February 2018 - 8
American Oil and Gas Reporter - February 2018 - 9
American Oil and Gas Reporter - February 2018 - 10
American Oil and Gas Reporter - February 2018 - 11
American Oil and Gas Reporter - February 2018 - 12
American Oil and Gas Reporter - February 2018 - 13
American Oil and Gas Reporter - February 2018 - 14
American Oil and Gas Reporter - February 2018 - 15
American Oil and Gas Reporter - February 2018 - 16
American Oil and Gas Reporter - February 2018 - 17
American Oil and Gas Reporter - February 2018 - 18
American Oil and Gas Reporter - February 2018 - 19
American Oil and Gas Reporter - February 2018 - 20
American Oil and Gas Reporter - February 2018 - 21
American Oil and Gas Reporter - February 2018 - 22
American Oil and Gas Reporter - February 2018 - 23
American Oil and Gas Reporter - February 2018 - 24
American Oil and Gas Reporter - February 2018 - 25
American Oil and Gas Reporter - February 2018 - 26
American Oil and Gas Reporter - February 2018 - 27
American Oil and Gas Reporter - February 2018 - 28
American Oil and Gas Reporter - February 2018 - 29
American Oil and Gas Reporter - February 2018 - 30
American Oil and Gas Reporter - February 2018 - 31
American Oil and Gas Reporter - February 2018 - 32
American Oil and Gas Reporter - February 2018 - 33
American Oil and Gas Reporter - February 2018 - 34
American Oil and Gas Reporter - February 2018 - 35
American Oil and Gas Reporter - February 2018 - 36
American Oil and Gas Reporter - February 2018 - 37
American Oil and Gas Reporter - February 2018 - 38
American Oil and Gas Reporter - February 2018 - 39
American Oil and Gas Reporter - February 2018 - 40
American Oil and Gas Reporter - February 2018 - 41
American Oil and Gas Reporter - February 2018 - 42
American Oil and Gas Reporter - February 2018 - 43
American Oil and Gas Reporter - February 2018 - 44
American Oil and Gas Reporter - February 2018 - 45
American Oil and Gas Reporter - February 2018 - 46
American Oil and Gas Reporter - February 2018 - 47
American Oil and Gas Reporter - February 2018 - 48
American Oil and Gas Reporter - February 2018 - 49
American Oil and Gas Reporter - February 2018 - 50
American Oil and Gas Reporter - February 2018 - 51
American Oil and Gas Reporter - February 2018 - 52
American Oil and Gas Reporter - February 2018 - 53
American Oil and Gas Reporter - February 2018 - 54
American Oil and Gas Reporter - February 2018 - 55
American Oil and Gas Reporter - February 2018 - 56
American Oil and Gas Reporter - February 2018 - 57
American Oil and Gas Reporter - February 2018 - 58
American Oil and Gas Reporter - February 2018 - 59
American Oil and Gas Reporter - February 2018 - 60
American Oil and Gas Reporter - February 2018 - 61
American Oil and Gas Reporter - February 2018 - 62
American Oil and Gas Reporter - February 2018 - 63
American Oil and Gas Reporter - February 2018 - 64
American Oil and Gas Reporter - February 2018 - 65
American Oil and Gas Reporter - February 2018 - 66
American Oil and Gas Reporter - February 2018 - 67
American Oil and Gas Reporter - February 2018 - 68
American Oil and Gas Reporter - February 2018 - 69
American Oil and Gas Reporter - February 2018 - 70
American Oil and Gas Reporter - February 2018 - 71
American Oil and Gas Reporter - February 2018 - 72
American Oil and Gas Reporter - February 2018 - 73
American Oil and Gas Reporter - February 2018 - 74
American Oil and Gas Reporter - February 2018 - 75
American Oil and Gas Reporter - February 2018 - 76
American Oil and Gas Reporter - February 2018 - 77
American Oil and Gas Reporter - February 2018 - 78
American Oil and Gas Reporter - February 2018 - 79
American Oil and Gas Reporter - February 2018 - 80
American Oil and Gas Reporter - February 2018 - 81
American Oil and Gas Reporter - February 2018 - 82
American Oil and Gas Reporter - February 2018 - 83
American Oil and Gas Reporter - February 2018 - 84
American Oil and Gas Reporter - February 2018 - 85
American Oil and Gas Reporter - February 2018 - 86
American Oil and Gas Reporter - February 2018 - 87
American Oil and Gas Reporter - February 2018 - 88
American Oil and Gas Reporter - February 2018 - 89
American Oil and Gas Reporter - February 2018 - 90
American Oil and Gas Reporter - February 2018 - 91
American Oil and Gas Reporter - February 2018 - 92
American Oil and Gas Reporter - February 2018 - 93
American Oil and Gas Reporter - February 2018 - 94
American Oil and Gas Reporter - February 2018 - 95
American Oil and Gas Reporter - February 2018 - 96
American Oil and Gas Reporter - February 2018 - 97
American Oil and Gas Reporter - February 2018 - 98
American Oil and Gas Reporter - February 2018 - 99
American Oil and Gas Reporter - February 2018 - 100
American Oil and Gas Reporter - February 2018 - 101
American Oil and Gas Reporter - February 2018 - 102
American Oil and Gas Reporter - February 2018 - 103
American Oil and Gas Reporter - February 2018 - 104
American Oil and Gas Reporter - February 2018 - 105
American Oil and Gas Reporter - February 2018 - 106
American Oil and Gas Reporter - February 2018 - 107
American Oil and Gas Reporter - February 2018 - 108
https://www.nxtbook.com/nxtbooks/aogr/202106
https://www.nxtbook.com/nxtbooks/aogr/202105
https://www.nxtbook.com/nxtbooks/aogr/202104
https://www.nxtbook.com/nxtbooks/aogr/202103
https://www.nxtbook.com/nxtbooks/aogr/202102
https://www.nxtbook.com/nxtbooks/aogr/202101
https://www.nxtbook.com/nxtbooks/aogr/202012
https://www.nxtbook.com/nxtbooks/aogr/202011
https://www.nxtbook.com/nxtbooks/aogr/202010
https://www.nxtbook.com/nxtbooks/aogr/202009
https://www.nxtbook.com/nxtbooks/aogr/202008
https://www.nxtbook.com/nxtbooks/aogr/202007
https://www.nxtbook.com/nxtbooks/aogr/202006
https://www.nxtbook.com/nxtbooks/aogr/202005
https://www.nxtbook.com/nxtbooks/aogr/202004
https://www.nxtbook.com/nxtbooks/aogr/202003
https://www.nxtbook.com/nxtbooks/aogr/202002
https://www.nxtbook.com/nxtbooks/aogr/202001
https://www.nxtbook.com/nxtbooks/aogr/201912
https://www.nxtbook.com/nxtbooks/aogr/201911
https://www.nxtbook.com/nxtbooks/aogr/201910
https://www.nxtbook.com/nxtbooks/aogr/201909
https://www.nxtbook.com/nxtbooks/aogr/201908
https://www.nxtbook.com/nxtbooks/aogr/201907
https://www.nxtbook.com/nxtbooks/aogr/201906
https://www.nxtbook.com/nxtbooks/aogr/201905
https://www.nxtbook.com/nxtbooks/aogr/201904
https://www.nxtbook.com/nxtbooks/aogr/201903
https://www.nxtbook.com/nxtbooks/aogr/201902
https://www.nxtbook.com/nxtbooks/aogr/201901
https://www.nxtbook.com/nxtbooks/aogr/201812
https://www.nxtbook.com/nxtbooks/aogr/201811
https://www.nxtbook.com/nxtbooks/aogr/201810
https://www.nxtbook.com/nxtbooks/aogr/pbios_201810
https://www.nxtbook.com/nxtbooks/aogr/201809
https://www.nxtbook.com/nxtbooks/aogr/201808
https://www.nxtbook.com/nxtbooks/aogr/201807
https://www.nxtbook.com/nxtbooks/aogr/201806
https://www.nxtbook.com/nxtbooks/aogr/201805
https://www.nxtbook.com/nxtbooks/aogr/201804
https://www.nxtbook.com/nxtbooks/aogr/201803
https://www.nxtbook.com/nxtbooks/aogr/201802
https://www.nxtbook.com/nxtbooks/aogr/201801
https://www.nxtbook.com/nxtbooks/aogr/201712
https://www.nxtbook.com/nxtbooks/aogr/201711
https://www.nxtbook.com/nxtbooks/aogr/201710
https://www.nxtbook.com/nxtbooks/aogr/201709
https://www.nxtbook.com/nxtbooks/aogr/201708
https://www.nxtbook.com/nxtbooks/aogr/201707
https://www.nxtbook.com/nxtbooks/aogr/201706
https://www.nxtbook.com/nxtbooks/aogr/201705
https://www.nxtbook.com/nxtbooks/aogr/201704
https://www.nxtbook.com/nxtbooks/aogr/201703
https://www.nxtbook.com/nxtbooks/aogr/201702
https://www.nxtbook.com/nxtbooks/aogr/201701
https://www.nxtbook.com/nxtbooks/aogr/201612
https://www.nxtbook.com/nxtbooks/aogr/201611
https://www.nxtbook.com/nxtbooks/aogr/201610
https://www.nxtbook.com/nxtbooks/aogr/pbios2016_programguide
https://www.nxtbook.com/nxtbooks/aogr/201609
https://www.nxtbook.com/nxtbooks/aogr/201608
https://www.nxtbook.com/nxtbooks/aogr/201607
https://www.nxtbook.com/nxtbooks/aogr/201606
https://www.nxtbook.com/nxtbooks/aogr/201605
https://www.nxtbook.com/nxtbooks/aogr/201604
https://www.nxtbook.com/nxtbooks/aogr/201603
https://www.nxtbook.com/nxtbooks/aogr/201602
https://www.nxtbook.com/nxtbooks/aogr/201601
https://www.nxtbook.com/nxtbooks/aogr/201512
https://www.nxtbook.com/nxtbooks/aogr/201511
https://www.nxtbook.com/nxtbooks/aogr/201510
https://www.nxtbook.com/nxtbooks/aogr/201509
https://www.nxtbook.com/nxtbooks/aogr/201508
https://www.nxtbook.com/nxtbooks/aogr/201507
https://www.nxtbook.com/nxtbooks/aogr/201506
https://www.nxtbook.com/nxtbooks/aogr/201505
https://www.nxtbook.com/nxtbooks/aogr/201504
https://www.nxtbook.com/nxtbooks/aogr/201503
https://www.nxtbook.com/nxtbooks/aogr/201502
https://www.nxtbook.com/nxtbooks/aogr/201501
https://www.nxtbook.com/nxtbooks/aogr/201412
https://www.nxtbook.com/nxtbooks/aogr/201411
https://www.nxtbook.com/nxtbooks/aogr/201410
https://www.nxtbook.com/nxtbooks/aogr/201409
https://www.nxtbook.com/nxtbooks/aogr/pbios2014_programguide
https://www.nxtbook.com/nxtbooks/aogr/201408
https://www.nxtbook.com/nxtbooks/aogr/201407
https://www.nxtbook.com/nxtbooks/aogr/201406
https://www.nxtbook.com/nxtbooks/aogr/201405
https://www.nxtbook.com/nxtbooks/aogr/201404
https://www.nxtbook.com/nxtbooks/aogr/201403
https://www.nxtbook.com/nxtbooks/aogr/201402
https://www.nxtbook.com/nxtbooks/aogr/201401
https://www.nxtbook.com/nxtbooks/aogr/201312
https://www.nxtbook.com/nxtbooks/aogr/201311
https://www.nxtbook.com/nxtbooks/aogr/201310
https://www.nxtbook.com/nxtbooks/aogr/201309
https://www.nxtbook.com/nxtbooks/aogr/201308
https://www.nxtbook.com/nxtbooks/aogr/201307
https://www.nxtbook.com/nxtbooks/aogr/201306
https://www.nxtbook.com/nxtbooks/aogr/201305
https://www.nxtbook.com/nxtbooks/aogr/201304
https://www.nxtbook.com/nxtbooks/aogr/201303
https://www.nxtbook.com/nxtbooks/aogr/201302
https://www.nxtbook.com/nxtbooks/aogr/201301
https://www.nxtbook.com/nxtbooks/aogr/201212
https://www.nxtbook.com/nxtbooks/aogr/201211
https://www.nxtbook.com/nxtbooks/aogr/201210
https://www.nxtbook.com/nxtbooks/aogr/201209
https://www.nxtbook.com/nxtbooks/aogr/2012_pbios
https://www.nxtbook.com/nxtbooks/aogr/201208
https://www.nxtbook.com/nxtbooks/aogr/201207
https://www.nxtbook.com/nxtbooks/aogr/201206
https://www.nxtbook.com/nxtbooks/aogr/201205
https://www.nxtbook.com/nxtbooks/aogr/201204
https://www.nxtbook.com/nxtbooks/aogr/201203
https://www.nxtbook.com/nxtbooks/aogr/201202
https://www.nxtbook.com/nxtbooks/aogr/201201
https://www.nxtbook.com/nxtbooks/demo/aogr_clone
https://www.nxtbook.com/nxtbooks/aogr/201112
https://www.nxtbookmedia.com