Mayhall Fondren Blaize

January 2018 Archives

Oil and gas law analysts have muted optimism for industry growth

The year ended with oil prices in Louisiana being around the $60 per barrel mark, which was a high point for prices within the past several years. However, the growth is not sustained enough to clearly say that significant drilling for oil will start up in the state this year. A glut of cheaper shale-derived products could flood into the market causing another reduction in prices.

Business law attorney is critical in the company's startup stage

A business starting up in Louisiana will do well to follow some beginning principles of business formation. First, a legal structure must be chosen to house the business. This can include a business corporation, partnership, LLC, sole proprietorship or certain permeations of those entities. This first critical decision will hopefully have the input of an experienced business law attorney and a tax consultant or CPA.