Powerhouse of the South: Louisiana’s Dynamic Energy Industry
Louisiana’s existing assets offer tremendous opportunities for companies manufacturing products or delivering services to the energy industry. More than 90 percent of waterborne U.S. oil rigs are located in waters off Louisiana’s coast, and according to the Energy Information Administration the state is No. 2 in crude oil and No. 3 natural gas production in the nation (when including offshore production).
Louisiana’s established agriculture industry offers diverse alternatives to emerging clean technology companies. At the same time, skilled manufacturing talent and low company costs are benefiting manufacturers of components and designers of software critical to the efficient generation, transmission and distribution of energy. Recognizing the state’s compelling advantages, companies such as Halliburton, Sasol and Newpark Resources are establishing or expanding operations in Louisiana.
Louisiana Economic Development is responsible for strengthening the state’s business environment and creating a more vibrant Louisiana economy.