The Louisiana Mid-Continent Oil and Gas Association represents all sectors of the oil and gas industry operating in Louisiana and the Gulf of Mexico. One of the goals of the oil and gas industry is to cooperate in harmony with the environment.

Updated Economic Report for 2007

The Energy Sector: Still A Giant Economic Engine for The Louisiana Economy
The Louisiana Oil and Gas Industry has a $70 billion impact upon the state, according to an economic study conducted by Dr. Loren Scott on behalf of the Louisiana Mid-Continent Oil and Gas Association. The most recent study shows that each petroleum industry job supports 4.5 additional jobs in the state.The industry pays $1.4 billion in state taxes and fees and more than $4 billion in wages. For the full report click here or for the shorter executive summary, click here. Both files are in PDF format.

Current Oil Prices and Other Information The latest crude oil, natural gas, and gasoline prices. Spot Prices Natural Gas Futures Prices Gasoline and Diesel Fuel Prices Oil and Gas Prices

Members Information Link

LMOGA members click here. Can't remember password? Click here.

LMOGA Annual Meeting Registration Form
Register for the LMOGA Annual Meeting, Sept. 29-Oct.1 at L'auberge du lac Casino Resort, Lake Charles, LA. Click here to register. For more information about the Annual meeting agenda and events please click here.

Petroleum Facts at A Glance

1. U.S. petroleum imports (crude & products) in July 2008: 13,531,000 barrels per day (July 2007: 13,754,000 b/d). [API]

2. Total imports in July 2008 as a percentage of total domestic petroleum deliveries: 67.0 percent (July 2007: 66.3 percent). [API]

3. Persian Gulf petroleum imports in May 2008 as a percentage of total imports: 22.2 percent (May 2007: 16.8 percent). [DOE]

4. Average price for a barrel of OPEC crude oil for the week ending August 1, 2008: $120.70 [DOE]

5. Average U.S. refiner acquisition cost in June 2008 for a barrel of crude oil: $127.32. [DOE]

6. U.S. crude oil production in July 2008: 5,127,000 b/d (of which 665,000 b/d was Alaskan) (July 2007 : 5,024,000 b/d). U.S. natural gas liquids production in July 2008: 1,875,000 b/d (July 2007: 1,785,000 b/d). [API]

7. U.S. marketed natural gas production in May 2008: 58.6 billion cubic feet per day (May 2007: 54.3 billion cf/d). [DOE]

8. U.S. deliveries from primary storage of motor gasoline in July 2008: 9,230,000 b/d (July 2007: 9,640,000). [API]

9. U.S. deliveries from primary storage of distillate fuel oil (home heating and diesel) in July 2008: 4,166,000 b/d (July 2007: 4,026,000 b/d). [API]

10. Total petroleum products delivered to the domestic market in July 2008: 20,205,000 b/d (July 2007: 20,747,000 b/d). [API]

11. Average active rotary drilling rigs in the U.S. as of August 8, 2008: 1,967 (all-time high of 4,530 announced 12/28/81; record low of 488 announced 4/23/99). (2007 average: 1,768) [Baker Hughes Inc., Houston]

August 12, 2008 (F)