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Today’s historic Central Gulf of Mexico Outer Continental Shelf (OCS) Lease Sale – the largest lease sale in U.S. history - is a significant step in achieving this nation’s goal of energy dominance, according to the Louisiana Mid-Continent Oil and Gas Association (LMOGA). Lease Sale 250 includes all available unleased areas on the Gulf OCS for a total of 76,967,935 acres.
“The immense size of today’s lease sale clearly reflects our nation’s new commitment to not merely be energy independent, but to be a dominant producer of oil and gas on a global scale,” says LMOGA President Chris John.
The Louisiana Mid-Continent Oil and Gas Association Board of Directors elected Frederick Palmer as Chairman and Gloria M. Moncada as Vice-Chair at a recent board meeting held in conjunction with its annual meeting on February 28, 2018 at the Windsor Court Hotel in New Orleans, La.
Fred Palmer is State Government Relations Manager, Southeast U.S. for Shell Oil Company and a long-time member and supporter of LMOGA. “LMOGA will advocate for safe, responsible policy and for a supportive business climate that will promote industry growth in Louisiana,” Palmer said in his remarks at the Association’s Annual Meeting.
Gloria Moncada is the ExxonMobil Baton Rouge Refinery Manager and a new LMOGA Board Member. Moncada stepped into the position at the beginning of the year returning to the Baton Rouge refinery where she began her career in 1992 as a chemical engineer. The ExxonMobil Baton Rouge refinery is the fourth largest in the nation with more than 3,700 employees and contractors.
BATON ROUGE, LA---The Louisiana Mid-Continent Oil and Gas Association held its annual meeting February 28-March 1, 2018 at the Windsor Court Hotel in New Orleans, La. The two-day meeting brought local, state and national stakeholders together to discuss the current state of the oil and gas industry and the vital role Louisiana plays in the world of energy.
Prominent industry, regulatory and legislative experts were among the speakers at the energy issues forums on Wednesday. Shell Oil’s Vice-President of Production, Gulf of Mexico Deepwater Rick Tallant headlined the industry luncheon following the general session on Thursday.
Please join us in welcoming new member company, Enven, to LMOGA. We are thrilled to have this great company as part of our strong and growing membership.
EnVen Energy Corporation is a private upstream E&P company with operations focused in the Gulf of Mexico. EnVen engages in exploration, development, extraction and production of oil and gas and related hydrocarbons in the Gulf of Mexico.
Statement by Chris John, LMOGA President:
“We are extremely pleased to see this administration and BOEM take offshore oil and gas development seriously and recognize that expanding access to other OCS areas is critical to our nation’s energy security and our economy.
Louisiana is a perfect example of how a robust offshore oil and gas industry can provide significant benefits to our local, state and national economies while at the same time balancing other stakeholder interests. The offshore industry has a $44 billion economic impact on the State of Louisiana. Combining the offshore sector with related pipeline and refining activities, the oil and gas industry has a $70 Billion total annual impact to Louisiana. According to the Department of Interior, it is believed that over $1 trillion in net economic value is associated with development of the Gulf of Mexico over the past 20 years and the federal government has collected over $150 billion in offshore revenues.
The Gulf of Mexico is an example of how our country can explore and produce American energy while also balancing the needs of other stakeholders such as some of the best hunting, fishing, wildlife watching and tourism. Louisiana’s success in effectively achieving that balance is a shining example of what the United States can achieve in other federal offshore areas. LMOGA looks forward to being part of the federal process to see increasing access become a reality on our path towards American energy dominance.”