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Louisiana Oil & Gas Quick Facts

LA 2010 Gasoline Consumption – Over 2 billion gallons
U.S. 2010 Gasoline Consumption – Over 130 billion gallons
LA Gasoline Tax Rate – 20 cents per gallon
Federal Gasoline Tax – 18.4 cents per gallon
Total LA Gasoline Taxes – 38.4 cents per gallon
Louisiana Crude Oil Refining Capacity – 3,219,520 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, March 2012

Total petroleum products delivered to the domestic market in February 2012: 18,426,000 b/d (February 2011: 18,869,000 b/d). [API]
U.S. petroleum imports (crude & products) in February 2012: 10,430,000 barrels per day (February 2011: 10,503,000 b/d). [API]
Total imports in February 2012 as a percentage of total domestic petroleum deliveries: 56.6 percent (February 2011: 55.7 percent). [API]
Persian Gulf petroleum imports in December 2011 as a percentage of total imports: 25.6 percent (December 2010: 21.8 percent). [DOE]
Average price for a barrel of OPEC crude oil for February 2012: $102.11. [DOE]
Average U.S. refiner acquisition cost in January 2012 for a barrel of crude oil: $107.24. [DOE]
U.S. crude oil production in February 2012: 5,776,000 b/d (of which 610,000 b/d was Alaskan) (February 2011: 5,612,000 b/d). U.S. production of natural gas liquids in February 2012: 2,323,000 b/d (February 2011: 1,920,000 b/d). [API]
U.S. marketed natural gas production in December 2011: 69.0 billion cubic feet per day (December 2010: 63.6 billion cf/d). [DOE]
U.S. deliveries from primary storage of motor gasoline in February 2012: 8,724,000 b/d (February 2011: 8,648,000 b/d). [API]
U.S. deliveries from primary storage of distillate fuel oil (home heating and diesel) in February 2012: 3,893,000 b/d (February 2011: 3,871,000 b/d). [API]
Average active rotary drilling rigs in the U.S. as of March 2, 2012: 1,989 (all-time high of 4,530 announced 12/28/81; record low of 488 announced 4/23/99). (2011 average: 1,875) [Baker Hughes Inc., Houston]

Source: API

Monthly Import Statistics for January 2012

Louisiana Oil & Gas Production Data Links

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.

Link to Current Inventory
U.S. Department of Energy Petroleum Reserves Website

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.

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.