Don Briggs, President, Louisiana Oil and Gas AssociationThe oil and gas industry was faced with several tough issues this Louisiana legislative session.The hot topic for debate were the pieces of legislation that would combat the hundreds of abusive lawsuits that are plaguing the oil and gas industry. Louisiana Oil and Gas Association, along with coalition members like the Louisiana Mid-Continent Oil
The oil and gas industry of Louisiana is the largest employer in the state. Over 30% of our nation’s natural resources flow from or through Louisiana. Whether from the Haynesville Shale in Northwest Louisiana or in the shallow waters of our coast, or moving through our vast pipeline infrastructure, Louisiana is called THE oil and gas state for a reason.
The same song different verse seems to be the new theme for the Louisiana legal climate. While the filing of 28 new lawsuits by the same group of trial lawyers should come as no surprise to the oil and gas industry, the lack of surprise makes the issue no less egregious.
While the national political climate is unsteady and the entire country is nervous about how a government shutdown might affect us at home, Louisiana is experiencing an unprecedented economic development boom.A study conducted in February by Dr. David Dismukes of the LSU Center for Energy Studies showed that over $62 billion in economic development investments have been committed to the state of Louisiana