The Louisiana Mid-Continent Oil and Gas Association (LMOGA) and American Petroleum Institute (API) today released new analysis on the growing economic contributions of America’s natural gas and oil industry in all 50 states, including investment in Louisiana ranging from taxes and workforce wages paid to indirect and induced jobs in retail, manufacturing, agriculture and other sectors throughout the energy supply chain. The study, commissioned by API and prepared by PricewaterhouseCoopers (PwC), showed that the industry supported more than 346,000 jobs and contributed over $54 billion toward the state’s economy in 2021.
“It is clear the energy industry is critical to Louisiana’s economy, creating jobs, boosting the economy and raising the quality of life for residents across the state. Our state’s economic future depends on a strong, robust oil and natural gas industry and the safe, responsible delivery of energy resources for all.” – Tommy Faucheux, LMOGA President
