LMOGA Responds on Lease Sale 257

09 30, 2021 by LMOGA

The Louisiana Mid-Continent Oil & Gas Association (LMOGA) issued the following statement regarding the BOEM’s announcement on next steps on the leasing program.

“The announcement of Lease Sale 257 is encouraging news for the Louisiana and Gulf Coast economies,” said Lori LeBlanc, LMOGA Interim President. “Offshore energy development and lease sales not only provide jobs to thousands of citizens, but the revenues generated provide critical funding for local communities as well as coastal restoration and hurricane protection projects.”

“While progress on the lease sale is welcome news, we can’t ignore the negative impact the policy decisions of the past year have had on Louisiana,” said LeBlanc. “Rising gas prices reinforces the need for smart policy that include oil and natural gas in the U.S. energy mix, as well as supportive energy policies to get domestic production back on track. Our industry remains committed to working together toward our common goals for the environment and the economy, while working to deliver the affordable, reliable and responsible energy American households demand."