Louisiana Oil & Gas Industry Overview

Texas Mutual

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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