Louisiana Mid-Continent Oil and Gas Association

Louisiana Oil & Gas Quick Facts

• LA 2009 Gasoline Consumption – Over 2 billion gallons
• U.S. 2009 Gasoline Consumption – Over 130 billion gallons
• LA Gasoline Tax Rate – 20 cents per gallon
• Federal Gasoline Tax – 18.4 cents per gallon
• Total Gasoline Taxes – 38.4 cents per gallon
• Louisiana Crude Oil Refining Capacity – 3,171,923 barrels per day
• Louisiana's Ranking as an Energy Producer (including offshore) – Second in Total Energy, Third in Natural Gas, First in Crude Oil
• Louisiana's Ranking as an Energy Producer (excluding offshore) – Third in Total Energy, Fourth in Natural Gas, Sixth in Crude Oil
• Louisiana Ranking as an Energy Consumer – Second in Industrial Energy, Third in Per Capita Energy, Third in Natural Gas, Fifth in Petroleum, Eighth in Total Energy, 22nd in Residential Energy

Petroleum Facts at a Glance – January 2012 (Source: API)

• Total petroleum products delivered to the domestic market in December 2011: 18,565,000 b/d (December 2010: 19,722,000 b/d). [API]
• U.S. petroleum imports (crude & products) in December 2011: 10,363,000 barrels per day (December 2010: 11,132,000 b/d). [API]
• Total imports in December 2011 as a percentage of total domestic petroleum deliveries: 56.9 percent (December 2010: 56.4 percent). [API]
• Persian Gulf petroleum imports in October 2011 as a percentage of total imports: 24.1 percent (October 2010: 13.3 percent). [DOE]
• Average price for a barrel of OPEC crude oil for December 2011: $98.58. [DOE]
• Average U.S. refiner acquisition cost in November 2011 for a barrel of crude oil: $109.08. [DOE]
• U.S. crude oil production in October 2011: 5,534,000 b/d (of which 622,000 b/d was Alaskan) (December 2010: 5,507,000 b/d). U.S. production of natural gas liquids in December 2011: 2,208,000 b/d (December 2010: 2,124,000 b/d). [API]
• U.S. marketed natural gas production in October
• U.S. deliveries from primary storage of motor gasoline in December 2011: 8,531,000 b/d (December 2010: 8,911,000 b/d). [API]
• U.S. deliveries from primary storage of distillate fuel oil (home heating and diesel) in December 2011: 3,972,000 b/d (December 2010: 4,176,000 b/d). [API]
• Average active rotary drilling rigs in the U.S. as of November 1, 2011: 2,003 (all-time high of 4,530 announced 12/28/81; record low of 488 announced 4/23/99). (2010 average: 1,541) [Baker Hughes Inc., Houston]

Monthly Import Statistics for October 2011

Louisiana Oil & Gas Production Data Links

• Louisiana Oil Production
• Total Louisiana Crude Oil & Condensate Production, including onshore Louisiana and the Outer Continental Shelf adjacent to Louisiana
• Louisiana Gas Production
• Total Louisiana Natural Gas and Casinghead Gas Production, including onshore Louisiana and the Outer Continental Shelf adjacent to Louisiana

Strategic Petroleum Reserve

• The Strategic Petroleum Reserve, filled to capacity at 727 million barrels, is the world's largest supply of emergency crude oil. The federally-owned oil stocks are stored in huge underground salt caverns along the coastline of the Gulf of Mexico.  
• Two of the U.S. Strategic Petroleum Reserve’s four storage facilities are located in Louisiana. (The other two are located in Texas).
• Locations along the Gulf were selected because they provide the most flexible means for connecting to the nation’s commercial oil transport network.

Current Inventory
Department of Energy - Reserves

State and Federal Royalties

State Royalty Revenue

Royalties are collected by the state on oil and gas produced on state lands and water bottoms. The amount of revenue per mineral lease depends upon the rate set in the lease between the owner of the lease and the state. There are minimum rates but the rate for all wells are not the same.

Monthly and annual data on a statewide basis may be obtained from the Louisiana Department of Natural Resources.

• LA State Mineral Royalty Revenue (excluding OCS)
• State Revenue from LA’s Outer Continental Shelf

Federal Royalty Revenue

The federal government collects royalties on all the oil and gas produced in the federal waters of the Gulf of Mexico, which in the case of Louisiana covers everything beyond the three-mile limit of Louisiana and most other states. Texas has a 10-mile limit and there is a moratorium against drilling off the Florida coastline. Most of the offshore revenues are retained by the federal government. A portion is remitted to the adjacent states. Federal legislation that was enacted in 2008 did increase the portion that Louisiana and other coastal states receive and will provide for a much higher share several years from now. The people of Louisiana, through a constitutional amendment, have allocated those future revenues to coastal restoration.

• Office of Natural Resources Revenue

Industry Reports

U.S. Gulf of Mexico and Natural Gas Industry Economic Impact Analysis (API & NOIA) - June 2011

The Energy Sector: Still a Giant Economic Engine for the Louisiana Economy by Dr. Loren Scott (LMOGA) - Fall 2011

The Impact of Decreased and Delayed Drilling Permit Approvals on Gulf of Mexico Businesses (GNO, Inc.) - January 2012