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Louisiana Oil & Gas Quick Facts
- LA Gasoline Consumption – Over 2 billion gallons annually
- U.S. Gasoline Consumption – Over 140 billion gallons annually
- 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 – 3,343,206 barrels per day
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.
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.
- The Impact of Legacy Lawsuits on Conventional Oil and Gas Drilling in Louisiana - February 2012
- U.S. Gulf of Mexico and Natural Gas Industry Economic Impact Analysis (API & NOIA) - June 2011
- The Energy Sector: Still a Giant Economic Engine for the Louisiana Economy by Dr. Loren Scott (LMOGA) - Fall 2011
- The Impact of Decreased and Delayed Drilling Permit Approvals on Gulf of Mexico Businesses (GNO, Inc.) - January 2012