Lafayette Rotary

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LOGA VP Gifford Briggs speaks to the Lafayette Rotary Club on the State of the Industry

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  • Brief Overview and then look at Federal and State Issues Facing the Industry
  • What makes LA unique to the energy market is it vast infrastructure as you can see by this EIA graph
  • "Oil production from federal waters in the Gulf of Mexico reached an all-time high" in 2010.EIA 240,000 decline in 2011200,000 Addisional in 2012
  • Four permits have been issued
  • In an op-ed in USA Today explaining his trip, Obama opined: "Brazil holds recently discovered oil reserves that could be far larger than ours. And as we seek to increase secure-energy supplies, we look forward to developing a strategic energy partnership."
  • HS Locals delegation trips to visit with the FW Mayor – attorneys trips over to see what they need to draft, what they can expect, what they need to regulate Most provisions of the enacted ordinances are the same, with some minor differences. Many provisions track state regulation or conflict with it. Some of the more extreme issues with urban drilling, particularly in regards to compressor stations will be less of a problem for us because of lack of dense urban sprawl in comparison with Fort Worth.
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