Schexnaydre Law Firm, LLC

Oil and Gas Industry Back Online After Hurricanes

The U.S. oil and gas industry was certainly disrupted by Hurricanes Harvey and Irma, but those disruptions will be resolved fairly quickly, and the storms are not expected to have lasting effects on the oil and gas markets.

In fact, market analysts are predicting a particularly stable remainder of 2017, especially in comparison with the instability of the previous three years, and the U.S.'s capacity for export of crude oil and liquefied natural gas is expanding rapidly.

Gulf Coast refineries will soon be back online.

Hurricane Harvey knocked out about 12 percent of the nation's refining capacity, but production and refining are expected to be back on track in the near future. The president of the Louisiana Oil and Gas Association had this to say: "People are back to work. Things are pretty good in Louisiana, except we're paying a little more for fuel."

However, gas prices are also expected to come back down to normal, but that may take a little longer due to the high demand for gas before Hurricane Irma hit.

Louisiana has a program that connects local businesses with energy contractors.

This year, the state created an online portal -- called the Louisiana Business Connection -- to help prime contractors and local firms get connected for petrochemical, industrial and coastal restoration projects.

For more on the program, please see our previous post from June.

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Schexnaydre Law Firm, LLC, provides high-quality transactional services and litigation support for clients in the oil and gas industry. We advise and represent clients in South Louisiana, East Texas, South Texas and West Texas's Permian Basin.

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Schexnaydre Law Firm, LLC
2895 Highway 190, Suite 212
Mandeville, LA 70471

Toll Free: 888-339-0696
Phone: 985-231-1791
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