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An artificial reef is being built at the site of the storied fishing hole known as the Pickets.
The Pickets was a series of oil wells and platforms installed in 10 feet of water off Terrebonne Parish's coast. It was decommissioned and disassembled per federal regulations after being sold by Houston-based Apache Corp. oil company.
Today, the CITGO Lake Charles Refinery celebrated 70 years of operations in the great state of Louisiana. The refinery, which first went online in 1944, is the largest CITGO refinery and produces more than 3.2 billion gallons of gasoline, diesel, jet fuel and other finished petroleum products every year.
Hundreds of employees – current and retired – as well as local officials, community leaders and organizations joined CITGO to participate in the 70th Anniversary celebration.
The federal government will offer nearly 44 million acres off the coasts of Louisiana, Mississippi and Alabama for oil and gas exploration, the seventh sale in the Gulf of Mexico under its five-year leasing program.
The lease sale, which will be held in March 2015 in the Mercedes-Benz Superdome, will include more than 7,000 lease blocks covering 43.5 million acres in the central Gulf of Mexico.
About 44 million acres in the Gulf of Mexico will be opened to oil and gas drilling early next year, federal officials said today.
Bids will be accepted March 18 at the Superdome in New Orleans from companies interested in drilling on about 7,500 sections of Gulf waters off Louisiana, Mississippi and Alabama.
While much of the country, over the past few years, has struggled to recover from the Great Recession, Louisiana's ongoing surge in the oil and gas industry has kept its economy ahead of the national curve. The sector has driven more than $103 billion in industrial projects that are either under construction, completed or slated to start soon, prompting record job growth.
Next year, it seems, will be no different. In a near repeat of last year's economic projections, Louisiana, for the first time in state history, is expected to surpass 2 million overall jobs in 2015, according to economists Loren Scott and James Richardson.