American Oil and Gas Reporter - February 2021 - 41

pages 38-41_Layout 1 2/16/2021 11:34 AM Page 41

IssuesUpdate: Louisiana Oil & Gas Association

Haynesville A Bright Spot For Drilling
JENA, LA.-When it comes to belowground considerations, The Pelican State
has plenty going for it, reflects Louisiana
Oil & Gas Association President Jim Justiss.
" We potentially have a couple of emerging plays in the right price environment, "
suggests Justiss, president of Justiss Oil
Co. in Jena. " The Tuscaloosa Marine
Shale contains a tremendous amount of
oil reserves, and prior to COVID, interest
was budding in the Austin Chalk. "
According to Justiss, Northwest
Louisiana's Haynesville Shale is particularly compelling. " It is our state's shining
star, " he assesses. " It is one of the most
(if not the most) economically attractive
shale gas plays in the United States, and
it should continue to shine as long as the
federal government does not do anything
to halt hydraulic fracturing. "
In fact, notes LOGA Interim President
Mike Moncla, the Haynesville is the
United States' only unconventional shale
play that ended 2020 with more active
rigs than it had when the year began.
" North Louisiana has the best spot in the
United States, " he claims. " Although several basins are picking up rigs now, many
of them are still way down from 12
months ago. Meanwhile, the Haynesville
has picked up 6% year on year. "
Gas Looking Good?
Moncla attributes interest in the Haynesville to a simple fact: " It produces
gas, " he suggests. " Gas hit $3 dollars a
few months ago. About the time we started
to get excited, the price slipped quite a
bit, but it has improved some since then. "
As for prices on the horizon, Justiss
points out that some analysts predict a
tight gas market, regardless of the relatively
mild temperatures that have characterized
the winter so far.
" Of course, there is talk that colder
weather still may be on its way, especially
for the East Coast, " he relates. " Then
there is the fact natural gas burns relatively
clean compared with other fossil fuels. "
The Haynesville's proximity to LNG
export terminals and other markets contributes to its appeal, Justiss mentions. " The
reservoir is buried very deep and exerts
considerable pressure to send gas to surface, "
he adds. " Those are critical components. "
Regarding Louisiana's prospective oil
plays such as a revitalized Austin Chalk,
Moncla concurs with Justiss's assessment

that aboveground conditions simply need
to improve for producers to begin taking
advantage of the belowground ones.
" We were hoping it was about to get
off the ground, " Moncla affirms. " Our
family business went into the Austin
Chalk and did the first completion, and
then we were awarded the saltwater disposal to go along with that well. Then
COVID hit and, after a while, the entire
project was cancelled. The play has not
proven out yet and everything seems to
be shut in. "
But if oil prices recover and exhibit
some stability, Justiss predicts, the
Austin Chalk can follow the pattern of
many successful unconventional plays.
" There will be spotty success at first, "
he acknowledges. " Then an operator
will break the code, whether it's a
matter of extended laterals, tweaks to
the fracture design or something else,
and it should improve those wells' predictability and productivity. "
Interim Presidency
In September, when LOGA's president
at the time, Gifford Briggs, accepted an
offer to become Gulf Coast region director
for the American Petroleum Institute, the
association faced a quandary. Immersed
as it was in pressing work such as supporting Constitutional Amendment-2, the
association could not afford to break
stride. By the same token, the Board of
Directors wanted to avoid a rash decision
in picking LOGA's top staffer.
Enter Moncla, a third-generation oilman
who, along with being vice president of
marketing at DrilTech LLC in Youngsville,
La., and a partner at Moncla Workover
& Drilling in Lafayette, La., had served
on LOGA's Board of Directors for about
15 years and on the Executive Committee
for four.
" We did not want a knee-jerk reaction
in which we would be forced to hire
someone fast, " he recounts. " I thought I
would enjoy the job, so I put my name in
the hat, and they took me up on it. "
According to Justiss, that was because
the directors were confident in Moncla.
" We were all pleased, " he affirms. " We
already know Mike, his character, personality and professionalism. "
The chairman is quick to add that
Moncla's performance has not surprised
him, but only because he already believed

it would impress.
" Maybe the few who do not know
Mike very well have been surprised at
how capable he has been, " Justiss muses.
" I had high expectations to begin with
and have not been disappointed. "
While most of LOGA's leaders expected Moncla to take to the position,
Moncla admits that sitting in the president's
chair held many surprises for him, not
least of which was an unexpected special
legislative session.
" We were not supposed to have a session until April, but a special session
kicked off about a week after I took the
job, " Moncla chuckles. " I had to get my
lobbying badge really quick. "
Having spent so many years working
for oil and gas producers as a service
provider, Moncla says his current occupation
simply feels like an extension of that. " It is
very rewarding to fight for Louisiana operators, " he reflects. " I grew up in Louisiana
and always have known how much the industry brings to the state in the form of
taxes and economic activity. Despite that,
I had a hard time explaining the value we
bring to legislators from different areas at
first. That was enlightening. "
Also enlightening is how much punditry is involved with the presidency. " I
had to get some media training, " Moncla
acknowledges. " It was eye-opening to
learn how an interviewer can try to
paint you into a corner, and how to
make sure you talk about the matters
you want to discuss. "
Although its March 4-6 dates allowed
LOGA to hold its 2020 convention, Justiss
says pandemic realities have left the 2021
conference up in the air.
" We sweat that question on every Executive Committee conference call and
have tried to be as fluid as we can, "
Justiss reports. " We have thought about
downsizing it and having it sooner, but
the dynamics of the disease can change
and make any set plans imprudent. We
are leaning toward an in-person meeting,
but it probably is going to be much later
in the year than we would like. "
After all, he admits, virtual events
have their charms, but they can never
take the place of face-to-face gatherings.
" I miss everybody, " Justiss says. " Virtual
meetings may be efficient, but there's a
social element to talking in person that I
can't wait to get back to. "
❒
FEBRUARY 2021 41



American Oil and Gas Reporter - February 2021

Table of Contents for the Digital Edition of American Oil and Gas Reporter - February 2021

Contents
American Oil and Gas Reporter - February 2021 - 1
American Oil and Gas Reporter - February 2021 - Cover1
American Oil and Gas Reporter - February 2021 - Cover2
American Oil and Gas Reporter - February 2021 - Contents
American Oil and Gas Reporter - February 2021 - 4
American Oil and Gas Reporter - February 2021 - 5
American Oil and Gas Reporter - February 2021 - 6
American Oil and Gas Reporter - February 2021 - 7
American Oil and Gas Reporter - February 2021 - 8
American Oil and Gas Reporter - February 2021 - 9
American Oil and Gas Reporter - February 2021 - 10
American Oil and Gas Reporter - February 2021 - 11
American Oil and Gas Reporter - February 2021 - 12
American Oil and Gas Reporter - February 2021 - 13
American Oil and Gas Reporter - February 2021 - 14
American Oil and Gas Reporter - February 2021 - 15
American Oil and Gas Reporter - February 2021 - 16
American Oil and Gas Reporter - February 2021 - 17
American Oil and Gas Reporter - February 2021 - 18
American Oil and Gas Reporter - February 2021 - 19
American Oil and Gas Reporter - February 2021 - 20
American Oil and Gas Reporter - February 2021 - 21
American Oil and Gas Reporter - February 2021 - 22
American Oil and Gas Reporter - February 2021 - 23
American Oil and Gas Reporter - February 2021 - 24
American Oil and Gas Reporter - February 2021 - 25
American Oil and Gas Reporter - February 2021 - 26
American Oil and Gas Reporter - February 2021 - 27
American Oil and Gas Reporter - February 2021 - 28
American Oil and Gas Reporter - February 2021 - 29
American Oil and Gas Reporter - February 2021 - 30
American Oil and Gas Reporter - February 2021 - 31
American Oil and Gas Reporter - February 2021 - 32
American Oil and Gas Reporter - February 2021 - 33
American Oil and Gas Reporter - February 2021 - 34
American Oil and Gas Reporter - February 2021 - 35
American Oil and Gas Reporter - February 2021 - 36
American Oil and Gas Reporter - February 2021 - 37
American Oil and Gas Reporter - February 2021 - 38
American Oil and Gas Reporter - February 2021 - 39
American Oil and Gas Reporter - February 2021 - 40
American Oil and Gas Reporter - February 2021 - 41
American Oil and Gas Reporter - February 2021 - 42
American Oil and Gas Reporter - February 2021 - 43
American Oil and Gas Reporter - February 2021 - 44
American Oil and Gas Reporter - February 2021 - 45
American Oil and Gas Reporter - February 2021 - 46
American Oil and Gas Reporter - February 2021 - 47
American Oil and Gas Reporter - February 2021 - 48
American Oil and Gas Reporter - February 2021 - 49
American Oil and Gas Reporter - February 2021 - 50
American Oil and Gas Reporter - February 2021 - 51
American Oil and Gas Reporter - February 2021 - 52
American Oil and Gas Reporter - February 2021 - 53
American Oil and Gas Reporter - February 2021 - 54
American Oil and Gas Reporter - February 2021 - 55
American Oil and Gas Reporter - February 2021 - 56
American Oil and Gas Reporter - February 2021 - 57
American Oil and Gas Reporter - February 2021 - 58
American Oil and Gas Reporter - February 2021 - 59
American Oil and Gas Reporter - February 2021 - 60
American Oil and Gas Reporter - February 2021 - 61
American Oil and Gas Reporter - February 2021 - 62
American Oil and Gas Reporter - February 2021 - 63
American Oil and Gas Reporter - February 2021 - 64
American Oil and Gas Reporter - February 2021 - 65
American Oil and Gas Reporter - February 2021 - 66
American Oil and Gas Reporter - February 2021 - 67
American Oil and Gas Reporter - February 2021 - 68
American Oil and Gas Reporter - February 2021 - 69
American Oil and Gas Reporter - February 2021 - 70
American Oil and Gas Reporter - February 2021 - 71
American Oil and Gas Reporter - February 2021 - 72
American Oil and Gas Reporter - February 2021 - 73
American Oil and Gas Reporter - February 2021 - 74
American Oil and Gas Reporter - February 2021 - 75
American Oil and Gas Reporter - February 2021 - 76
American Oil and Gas Reporter - February 2021 - 77
American Oil and Gas Reporter - February 2021 - 78
American Oil and Gas Reporter - February 2021 - 79
American Oil and Gas Reporter - February 2021 - 80
American Oil and Gas Reporter - February 2021 - 81
American Oil and Gas Reporter - February 2021 - 82
American Oil and Gas Reporter - February 2021 - 83
American Oil and Gas Reporter - February 2021 - 84
American Oil and Gas Reporter - February 2021 - 85
American Oil and Gas Reporter - February 2021 - 86
American Oil and Gas Reporter - February 2021 - 87
American Oil and Gas Reporter - February 2021 - 88
American Oil and Gas Reporter - February 2021 - 89
American Oil and Gas Reporter - February 2021 - 90
American Oil and Gas Reporter - February 2021 - Cover3
American Oil and Gas Reporter - February 2021 - Cover4
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