Economic Activity Associated with Drilling Down in Louisiana
New Orleans City Business (January 28, 2008)
Author: Emilie Bahr
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Fewer rigs have been producing oil and natural gas in Louisiana ever since 2002 yet Texas and other energy-producing states are putting more rigs to work.
In 2000, the United States averaged 918 active rigs, a tally that rose roughly 80 percent to 1,649 in 2007, according to Houston- based Baker Hughes Inc.Economic Activity Associated with Drilling Down in Louisiana
During this same period, Louisiana rig counts fell 27 percent from 217 to 158 active rigs.
Industry experts call the downward trend a sign of Louisiana's weakened energy sector."It's a big deal because you lose a lot of economic activity associated...Try vLex for FREE for 3 days
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