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Oil and gas companies making moves in central Louisiana - KATC.com | Continuous News Coverage | Acadiana-Lafayette

Oil and gas companies making moves in central Louisiana

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Courtesy MGN Online Courtesy MGN Online

The possibility of new oil and gas drilling operations in Central Louisiana is making way for an economic rebound here in Lafayette.

But, industry professionals say, in order for that to happen the price for a barrel of oil will need to go up. 

The difficulty lies in the soil's softness and higher-than-average depths. So, in order for drilling the Tuscaloosa to be profitable, the price per barrel has to be up, and companies need to develop new technology and methods to bring the cost of drilling down. 

"Unless the price of oil gets up in the high seventies or above 80, I don't think you're gonna see a whole lot of activity in the Tuscaloosa Marine Shale," Scott says. 

Regardless of whether the Tuscaloosa shale formation becomes profitable for drilling ventures, service companies in Louisiana are preparing for production in response to the increase in energy industry activity in Louisiana. 

Eagle Oil is planning to build an injection well in St. Landry Parish, which will receive frack wastewater from drilling sites spanning from Mississippi to Texas. 

Local land owners are concerned over environmental impacts, and the projected more than 100 trucks carrying the frack wastewater to the well every day. 

We'll share their concerns Monday night at 10 p.m. 

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