Economic Impact

The oil and natural gas industry generates 25% of Louisiana's economy.

Economic Impact Study

Louisiana Mid-Continent Oil and Gas Association (LMOGA), the long-standing trade association representing all sectors of Louisiana’s oil and gas industry, released the following findings of a 2025 economic impact study on Louisiana’s energy industry.

Statewide findings tied to Louisiana’s energy industry from direct, indirect and induced effects, include:

• 306,750 energy jobs, or 15% of the state’s total employment

• $25.5 billion in annual total statewide earnings, or 19% of total earnings

• $77.7 billion added annually in total value, or 25% of Louisiana’s economy

• $974 million paid in specific taxes in fiscal year 2024 (FY24)

• $1.1 billion in local property taxes paid in FY24

• $3.48 billion, or 20.4% of FY24 state taxes, licenses and fees

In FY24, the energy sector contributed up to 31.3% of the total local property taxes and up to 19.4% of local sales taxes were tied to these regions. Additionally, the study highlights the following impacts on local employment, earnings and added value:

• River Corridor: 134,654 total energy jobs generate $11.4 billion in earnings and add $39.1 billion in local value.

• Bayou Region: 62,485 total energy jobs generate $4.7 billion in earnings and add $9.7 billion in local value.

• Southwest: 26,620 total energy jobs generate $2.3 billion in earnings and add $8.9 billion in value.

• Northwest: 27,236 total energy jobs generate $2.1 billion in earnings and add $9.9 billion in value.

Conducted by Louisiana economist Stephen Barnes, PhD., the report is one of the most comprehensive post-pandemic economic studies of the state’s energy industry. It shows that the industry is a dominant player in the state, generating 25% of Louisiana’s economy, 15% of total state employment, 19% of total earnings and supporting up to 31.3% of local property taxes.

Click here to read the full study on the industry's impact in Louisiana.