Lafayette's oil patch can rest a little easier — at least this week — as oil fetched $64.19 a barrel earlier today, the highest in six months. Additionally, benchmark crude for July delivery rose 77 cents, to $64.22 a barrel, on the New York Mercantile Exchange. The uptick comes as government reports show that consumers are spending money and fewer people are requesting first-time unemployment benefits, the AP noted.
The AP also is reporting that OPEC oil ministers appear poised to let a recovering world economy lift crude prices instead of trying to bolster them by cutting production. Read that story here.
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again, it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to go public this year.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.