Search results
Results from the WOW.Com Content Network
The Bayou Bridge Pipeline (BBP), is a 162-mile long 24” crude oil pipeline project through Louisiana's Atchafalaya Basin.It crosses 11 parishes (Calcasieu, Jefferson Davis Parish, Louisiana, Acadia Parish, Louisiana, Vermilion Parish, Louisiana, Lafayette Parish, Louisiana, Iberia Parish, Louisiana, St. Martin Parish, Louisiana, Iberville Parish, Louisiana, Ascension Parish, Louisiana ...
This page was last edited on 15 November 2020, at 04:09 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The oil and gas company offering the highest up-front payment to the government (called a bonus) wins the lease. The government also receives a fixed annual rental based on the area for non-producing leases, and a percentage of the market value of any oil or gas produced and sold (royalty). The leases expire after a set number of years, or ...
At the same time, a special session in the Louisiana Legislature that began Nov. 6 seeks to cut state taxes for oil refineries and petrochemical companies. Experts warn oil and gas can’t save ...
The Louisiana Offshore Oil Port (LOOP) is a deepwater port in the Gulf of Mexico 29 kilometers (18 nautical miles) [1] off the coast of Louisiana near the town of Port Fourchon. LOOP provides tanker offloading and temporary storage services for crude oil transported on some of the largest tankers in the world.
About 1.6 million barrels of crude oil remained offline, with only about 100,000 barrels added since Saturday. Another 1.8 billion cubic feet per day of natural gas output also was shut-in, the ...
In 2010, the company agreed to pay a $3.25 million civil penalty for violating the Clean Water Act and to spend $41 million to upgrade more than 10,000 miles of crude oil pipelines after the United States Environmental Protection Agency pressed charges regarding 10 pipeline spills in Texas, Louisiana, Oklahoma, and Kansas between June 2004 and ...
Under the new policy, oil and gas companies will pay higher bonding rates to cover the cost of plugging abandoned oil and gas wells as well as increased lease rents, minimum auction bids and ...