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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.”
Across our Louisiana coast, the offshore oil and gas industry employs tens of thousands of Louisiana workers, supports hundreds of locally owned oilfield service companies, and pays millions in state and local taxes that fund our schools, roads and other public services. While these economic impacts are impressive, they only tell part of the story of the offshore industry's commitment to this state and our local communities.
From hurricane recovery and coastal restoration to education and wildlife conservation, the Louisiana oil and gas industry is an active community partner, voluntarily investing in local organizations to strengthen our communities and sustain this unique and precious ecosystem. Why? Because for the thousands of men and women who work in the industry, this is home.
The Lake Charles area is recognized as a hub for the petrochemical industry, serving as home to several national and world leaders in oil refining and chemical manufacturing, such as Citgo, Phillips 66 and Alcoa. Southwest Louisiana may soon expand this impressive industrial profile into the world of offshore oil and gas production with the addition of a significant new deepwater port.
Port Cameron LLC is developing a 500-acre, private deepwater staging port in Cameron Parish on the Calcasieu Ship Channel just south of Lake Charles that, upon completion, will be the largest private energy services facility along the Gulf Coast. In July of this year, the project achieved an important milestone when Petersen Offshore Group BV, a European logistics management company, signed a letter of intent to lease 1.2 million square feet in the planned Port Cameron Logistics Center, where Petersen will manage port operations and logistics for the port and its tenants.
Hope comes in all shapes and sizes. Throughout the Obama administration, the oil and gas industry and supporting communities beat the drum for expanded offshore production, knowing America has a real shot at energy independence if given the chance to make use of our own bountiful resources. Unfortunately, that administration's Outer Continental Shelf (OCS) oil and gas leasing plans fell short of our hopes, keeping 94 percent of America's OCS waters "off limits" to development.
President Trump gave us new hope this spring, however, in a surprise announcement authorizing the Department of the Interior to reopen and re-evaluate the 2019- 2024 Five-Year Lease Plan, starting with a comment period that ended Aug. 17. The re-evaluation process will likely continue over the next year and a half, but we are hopeful grassroots support for OCS expansion can produce real change in the government's offshore leasing program beginning in 2019.