A Louisiana flood control official is likening the oil and gas industry in coastal Louisiana to rock stars who bring a lot of money to the area but, in his words, “trashed the hotel room.”
The 2013 Louisiana Gulf Coast Oil Exposition, or LAGCOE, is gearing up to be the biggest of the biennial event since its inception in 1955.
Local service company's IPO priced Friday morning at $26, higher than the expected range.
Local oilfield service company expects to raise approximately $600 million in IPO.
Federal authorities say natural gas but not oil is flowing uncontrolled from a well off the Louisiana coast, forcing the evacuation of 47 workers aboard an oil rig.