News
Chris John responds to Center for Energy Studies report on oil and gas legacy lawsuits
“The findings of the LSU Center for Energy Studies’ report today on the severe impact of ‘legacy’ lawsuits on Louisiana’s energy industry, its workers and the state’s economy should serve as an eye opener to all Louisianans. The conclusions drawn in the study are particularly disturbing and dismaying to those who are interested in or dependent upon the future vitality of Louisiana’s oil and gas industry.
While all of Louisiana has been very excited about the potential of unconventional drilling in the Haynesville Shale, the Tuscaloosa Marine Shale or the Brown Dense, Dr. Dismukes’ study emphatically highlights a grave problem for conventional drilling in south Louisiana and other parts of the state.”
Louisiana Mid-Continent Oil and Gas Association Concludes Annual Meeting
Awards given to Shell Oil and Marine Well Containment Company for outstanding achievement and environmental stewardship
The Louisiana Mid-Continent Oil and Gas Association held its 2012 annual meeting on Jan. 25-26 in New Orleans. Oil and gas industry leaders convened at the historic Roosevelt Hotel, a landmark that has hosted the association’s annual meetings since the 1950s, for a two-day meeting to review the past year and assess opportunities and challenges for the year ahead.
“As we reflect on the past year and look ahead to the next, securing our energy future continues to be our most important commitment,” LMOGA President Chris John said. “Whether onshore or offshore operations, refineries or pipelines, Louisiana’s oil and gas industry continues to drive the economies of the Gulf Coast and power the future of America.”
LMOGA President Chris John on Gulf of Mexico Lease Sale 218
Today’s Western Gulf of Mexico Lease Sale in New Orleans, the first since 2009, is a huge milestone for the oil and gas industry. With nearly $338 million in total high bids and the highest individual bid at $103 million, the results announced today clearly demonstrate that the industry remains committed to doing business in the Gulf of Mexico. The significant increase in the number of bids and tracts from the August 2009 sale proves that the industry is confident in the future of drilling in the Gulf. The sale data is especially impressive when considering the competition for capital due to the recent emergence of shale plays throughout the US.
LMOGA Announces Report Findings from Economic Impact Study
FOR IMMEDIATE RELEASE
Monday, October 31, 2011
BATON ROUGE, LA---Louisiana Mid-Continent Oil and Gas Association today released findings of a study conducted by Dr. Loren Scott on the impact of the extraction, refining and pipeline industries in Louisiana. Dr. Scott found the three industries cumulatively supported 310,217 jobs in the state, generated over $16.1 billion in household earnings for Louisianans, and supported $77.3 billion in sales by Louisiana firms in 2009.