Industry

The natural gas industry needs to change its approach if it wants to fix its messaging problem, according to Richard Smead, RBN Energy LLC managing director of advisory services.

The Pennsylvania Independent Oil & Gas Association (PIOGA) has appointed Daniel J. Weaver president and executive director. Weaver succeeds Louis D’Amico, who after 22 years in the position has announced his retirement. Weaver, 37, has served as PIOGA’s public outreach director since 2012 and previously held several leadership positions with the Drake Well Museum in Northwest Pennsylvania, which is the site of one of the nation’s first commercial oil wells. D’Amico has been a vocal proponent of the state’s oil and gas industry, especially in recent years as it faced closer scrutiny with the rise of the Marcellus Shale. “He has been at the forefront of every issue faced by our members during his tenure with this organization and its predecessor,” said PIOGA Board Chairman Gary Slagel. D’Amico will retire after working for 44 years in the industry. Based in Western Pennsylvania, PIOGA represents 550 members working across the state’s oil and gas industry.

Two citizen-backed initiatives that could have put a major squeeze on Colorado’s oil and natural gas industry may have failed to make the November ballot, but don’t expect anti-drilling groups to give up. There will be a next time, industry professionals said at last week’s Rocky Mountain Energy Summit in Denver.

Two measures that may be on the Colorado ballot this November likely would harm not only the state’s oil and gas industry but have unintended consequences for citizens, industry experts said Tuesday in Denver.

Railroad Commission of Texas (RRC) Commissioner Christi Craddick on Tuesday outlined her plans for lightening the regulatory burden on the state’s oil and natural gas producers.

The potential failure of subsea bolts used in offshore oil and gas installations has led the Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) to call on the industry to help address “significant safety concerns.”

“Given the ongoing distress in the oil and gas industry…” Lampert Capital Markets and the Louisiana Oil & Gas Association (LOGA) have made an alliance to provide “corporate financial solutions” for the industry. “…[M]any of LOGA’s members are facing daunting financial situations,” the trade association said Wednesday. “The current environment will require LOGA members to effectively address weakened balance sheets, resolve reduced cash flows, and achieve stabilization and growth through consolidation and acquisitions. Through this partnership with LOGA, Lampert Capital will aid oil and gas industry members in developing a strategy that will help industry participants achieve their financial and investment objectives.”

The oil and gas industry has finally “reached the bottom” of the downcycle, Schlumberger Ltd. CEO Paal Kibsgaard told investors Friday during the international oilfield services (OFS) giant’s 2Q2016 earnings call.

In a show of support for embattled Constitution Pipeline LLC, oil and natural gas organizations and others urged an appellate court to overrule regulators in New York State and issue a critical water permit for the project.