LEASE SALE DISPLAYS POWER OF THE GULF

A message from Executive Director Lori LeBlanc

The oil and gas industry demonstrated its confidence in the power of American energy during the federal government’s Central Gulf of Mexico lease sale held March 19 in New Orleans. In fact, a total of 50 companies submitted 380 bids, and the Department of Interior garnered $850 million in high bids for about 1.7 million acres off the coast of Louisiana, Mississippi and Alabama. This signals a continued strong business interest in offshore energy production.

It’s this confidence in the valuable resources of America’s Gulf that continues to drive our national and state economy, fund the U.S. government, employ hundreds of thousands of men and women across our country, and keep the lights on from Portland, Oregon, to Portland, Maine. Here in Louisiana, we proudly serve as the gateway to the Gulf, the front door to the boundless energy potential miles off of our coast and thousands of feet under the water’s surface. We proudly do a job that other states refuse to do; a job that literally fuels America.

GEST is pleased to help promote this rebirth of the Gulf as America’s energy workhorse, as well as the thousands of men and women who go to work each day to provide power to our people.

Hats off to all of you!

Read More: Here

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Posted on March 28, 2014, in Galliano, Gulf of Mexico, Houma, Ingleside, Louisiana, Morgan City, Port Fourchon, Port Lavaca, Texas, United States and tagged , , , , , . Bookmark the permalink. Comments Off on LEASE SALE DISPLAYS POWER OF THE GULF.

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