Louisiana Oil & Gas Industry Overview

Louisiana Quick Facts: The Henry Hub in Erath, Louisiana, where 13 major pipeline systems interconnect, is the delivery point for the benchmark natural gas futures contract traded on the New York Mercantile Exchange. With 18 operating petroleum refineries, Louisiana is, as of January 2016, second only to Texas in both total and operating refinery capacity. The Louisiana Offshore Oil Port (LOOP) is the only U.S. port capable of berthing Ultra Large Crude Carriers, the largest ocean-going crude oil tankers. In early 2016, the first large-scale LNG export terminal in the Lower 48 states opened at Sabine Pass, Louisiana. The only other U.S. LNG tanker export port is in Nikiski, Alaska. In 2014, Louisiana ranked first among the states in total energy consumption per capita, primarily because of the state’s industrial sector, which includes many refineries and petrochemical plants.

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3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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