Oil and Gas

Lawyers are arguing in a New Orleans courtroom about whether a Plaquemines Parish lawsuit against oil companies over coastal damage belongs in state or federal court.

Lawyers for Plaquemines Parish are set to argue that a lawsuit the parish filed against oil companies over coastal damage belongs in state court.

Independent energy producers PetroQuest Energy Inc. and Midstates Petroleum Co. Inc. are working together to develop Midstates’ Fleetwood project.

In deal with Talos Energy Offshore, Stone retains an option for a 50 percent working interest in the deep drilling rights on the properties.

Of the major oil- and gas-producing states, Oklahoma gained eight rigs, Pennsylvania gained two and Alaska, California, Colorado, North Dakota and Ohio each gained one. Kansas lost three rigs while Louisiana lost two.

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