NEW ORLEANS (Sept. 12, 2025) — Louisiana’s oil and gas industry supports more than 300,000 jobs and contributes one-quarter of the state’s economy, according to a new report released this week by the Louisiana Mid-Continent Oil & Gas Association.
The findings were outlined Thursday by LMOGA President Tommy Faucheux at Tulane University’s Future of Energy Forum, where he moderated and participated in panels on state and federal regulation and energy investment.
“Today, LMOGA’s economic impact report shows energy contributes 25% to our state’s economy with even greater potential on the horizon,” Faucheux said. “With our ‘all of the above’ energy strategy, Louisiana’s next generation of energy workers will continue building prosperous communities here at home and leading the energy economy worldwide.”
According to the 2025 economic impact report, the industry’s footprint includes:
- 306,750 energy jobs, or 15% of Louisiana’s workforce
- $25.5 billion in annual total earnings, or 19% of statewide wages
- $77.7 billion in value added annually, or 25% of the economy
- $974 million in state-specific taxes paid in fiscal 2024
- $1.1 billion in local property taxes paid in fiscal 2024
- $3.48 billion in total state taxes, licenses and fees in fiscal 2024, or 20.4% of collections
The three-day forum, held Sept. 10–12 on Tulane’s Uptown campus, featured more than 100 speakers across 30 sessions, including industry executives, researchers and policymakers.
“It’s been inspiring to see energy leaders from across the country share their valuable perspectives on the pressing challenges and exciting opportunities shaping the energy sector here in Louisiana and around the world,” said Kerry Stockwell, Tulane University vice president of government and community relations.
LMOGA, founded in 1923, represents oil and gas companies operating across Louisiana and the Gulf of America.