For banks, the immediate result of the price slide — West Texas Intermediate went from a year high of $107 a barrel in June to the mid-$60 range by late November — has been a decrease in stock prices, especially for those institutions with a high percentage of loans tied to oil and gas service companies.
After General Electric Oil & Gas acquired the old VectorGrey campus off Highway 90 in Broussard, it approached Abell + Crozier + Davis Architects with the daunting task of bringing the entire facility up to current branding standards while still maintaining its daily operations, all within a two-year time frame.
The Council of Petroleum Accountants Societies of Acadiana announced its 2015-2016 board of directors. President Alex Gray, joint interest supervisor with Stone Energy Corporation, is an LSU/UNO MBA graduate. Vice President Caroline D. Bonin, CFO
advisory consultant with Caroline D. Bonin, is a UL Lafayette/Tulane
MBA graduate with work experience in public accounting, banking and the
oil and gas industry.
Congressional candidate Scott Angelle’s term as secretary of the Department of Natural Resources was a free ride for the oil and gas industry, and it cost the state dearly in lost revenue.