Louisiana becomes the 29th state to allow permitless carry of a concealed weapon. The new gun law took effect on Thursday [July 4]. That means anyone in Louisiana who is at least 18-years-old and does not have a felony conviction is now allowed to carry a concealed gun without a permit.
The author of the new law is New Iberia Senator Blake Miguez. In a report by the Louisiana Radio Network, Miguel explained, “It’s their Second Amendment right to defend themselves and their loved ones, especially with the crime rates as high as they are in the nation, as well as Louisiana, against violent criminals.”

But Miguel also cautions that all the same restrictions, obligations, and responsibilities for a permit to carry will apply under constitutional carry. “So all those same restricted places and you know, carrying under the influence of alcohol is restricted to a certain level of 0.5 blood alcohol content and greater, as well as the duty to inform officers on an official stop.” Eliminating the required conceal carry permit means a person’s fingerprints do not need to be taken, or completion a firearm training course.
On February 28, lawmakers gave final approval to House Bill No. 12 a day before the end of the special session on crime. Six days later, on March 5, Governor Jeff Landry signed the measure into law.

Critics of the legislation cautioned that researchers at the Johns Hopkins Center for Gun Violence Solutions at the Bloomberg School of Public Health discovered that rates of violent gun assaults increased 32% in 11 states that removed the required conceal carry permit.
This legislation comes after former Louisiana Governor John Bel Edwards (D-LA) vetoed a similar bill in 2021. Another permitless conceal carry bill was considered during the regular legislative session in spring 2023.

Williams Companies, Inc. (NYSE:WMB), a U.S.-based oil and gas storage and transportation company, has won a major legal battle against rival Energy Transfer (NYSE:ET). The clash centered around WMB’s Louisiana Energy Gateway (“LEG”) project, a massive infrastructure project, aimed at improving gas transportation from the Haynesville shale field to the U.S. Gulf Coast. The project, under construction in Texas and Louisiana, faced staunch opposition from ET, objecting to the pipeline’s planned crossings over its systems.

Details of the Court Ruling

Louisiana’s 36th Judicial District Court Decision: The legal battle concluded in a decisive ruling by Louisiana’s 36th Judicial District Court of Beauregard Parish. The court’s decision was unequivocally in favor of Williams, granting the company rights over all seven disputed crossings.

This ruling effectively enjoins ET from interfering with the pipeline’s construction, operation and maintenance. A spokesperson from Williams praised the decision, highlighting its importance in the LEG project’s timely completion and operational success.

Implications for Pipeline Operations: This court victory not only allows WMB to proceed with its ambitious pipeline project, but also sets a precedent for future disputes in the energy infrastructure sector. The ruling highlights the legal protections available to operators seeking to expand critical infrastructure amid competitive and regulatory challenges.

However, there is one limitation to the court’s decision. ET successfully argued against WMB using the open-cut method for construction at its crossing point. This method involves trenching to lay pipes and the court has limited its use at this specific location.

The Louisiana Energy Gateway Project

Project Scope and Objectives: The LEG project is a key initiative designed to transport 1.8 billion cubic feet of gas per day from the prolific Haynesville shale field to the U.S. Gulf Coast. This region is a strategic hub for gas processing and export, making the LEG project integral to meeting domestic and international energy demands.

Construction Timeline and Challenges: This project was initially scheduled for completion in 2024, but delays have pushed the operational start date to the second half of 2025. These delays are primarily due to the legal dispute with ET, which demonstrates the significant impact of regulatory and legal barriers on major infrastructure projects.

Strategic Importance: The successful completion of the LEG project is important to increase the capacity and efficiency of gas transportation in the region. By connecting the Haynesville shale field to the Gulf Coast, the pipeline will increase production, reduce obstacles and meet the growing demand for natural gas exports.

Energy Transfer’s Opposition

Reasons for the Dispute: ET’s opposition to the LEG project was rooted in concerns over the pipeline’s crossings of its existing systems. The company argued that these crossings posed risks to the integrity and safety of its infrastructure. This contention led to a protracted legal battle, ultimately resolved in WMB’s favor.

Impact on ET: The court’s decision is a setback for ET, as it is now obliged to accommodate the LEG project’s crossings. This decision will have an impact on the company’s future strategy and approach to similar disputes, highlighting the importance of legal preparedness and strategic planning in the energy sector.

Broader Implications for the Energy Industry

Legal Precedents and Future Disputes: The outcome of this legal battle establishes an important precedent for future disputes between energy infrastructure companies. It points out the judiciary’s role in resolving complex regulatory and operational conflicts, reinforcing the importance of strong legal strategies and compliance measures.

Regulatory and Operational Considerations: For pipeline operators and energy companies, the ruling underscores the importance of navigating regulatory landscapes and securing necessary approvals. It also emphasizes the critical role of judicial decisions in shaping the operational and strategic environment of the energy sector.

Market and Industry Impact: The resolution of this dispute and the subsequent progress of the LEG project are expected to have far-reaching implications for the energy market. Enhanced gas transportation capacity should support increased production and export capabilities, which can influence gas prices and market dynamics.

Conclusion

The legal victory for WMB in its dispute with ET marks a milestone in the development of the LEG project. This decision not only benefits WMB but also sets an important precedent for the energy industry, highlighting the critical role of legal frameworks in supporting infrastructure development and operational success. However, WMB awaits decisions on the permits required for multiple pipeline crossings.

Zacks Rank and Key Picks

Currently, WMB and ET carry a Zacks Rank #3 (Hold) each.

Investors interested in the energy sector might look at some better-ranked stocks like Sunoco LP (NYSE:SUN), sporting a Zacks Rank #1 (Strong Buy), and SM Energy Company (NYSE:SM), carrying a Zacks Rank #2 (Buy) at present.

Sunoco is valued at $5.67 billion. It is a major wholesale motor fuel distributor in the United States, distributing over 10 fuel brands through long-term contracts with more than 10,000 convenience stores, ensuring consistent cash flow.

SUN’s extensive distribution network across 40 states provides a robust and reliable source of income and the Brownsville terminal expansion should add to its revenue diversification.

Denver, CO-based SM Energy, is valued at $5.21 billion. The company currently pays a dividend of 72 cents per share, or 1.59%, on an annual basis.

To read this article on Zacks.com click here.

Four universities in Louisiana are among the best in the United States, according to an analysis by Money.

A total of 745 universities across the country were included in the list created by looking at financial aid, cost of attendance, graduation rates, and other factors.

The four Louisiana universities to make the list include:

• Dillard University
• Louisiana State University
• Louisiana Tech University
• Tulane University

The highest scores went to the latter three on the list with three out of five stars.

Tulane University had the lowest acceptance rate (by a wide margin) among the four Louisiana schools at only 11%. However, it also had the highest graduation rate at 85%.

Out of the four schools, Louisiana Tech had the lowest price tag with an estimated full price of $26,000 for the 2024-25 school year. The highest was Tulane at a whopping $87,200.

To check out the full list of schools included, visit Money’s website.