The Louisiana Oil & Gas Association applauds the legislature for its tireless work on improving the Louisiana economy amid the pandemic and urges Governor John Bel Edwards to sign the drilling incentive bill (HB 29) into law.
“Louisiana’s oil and gas industry is hurting, no doubt,” LOGA Interim President Mike Moncla said. “When industry suffers, so does the state. Unemployment ratchets up, other businesses grind to a halt, and local governments suffer too when drilling activity ceases. This bill will increase activity and give operators some much needed incentives that will help put Louisiana’s oil and gas industry back to work.”
LOGA appreciates the work of HB 29 author Rep. Phillip DeVillier (R-Eunice) for his tireless effort in leading the charge on this bill in the House and to Sen. Rick Ward (R-Port Allen) for leading the charge in the Senate.
“We owe a debt of gratitude to Rep. DeVillier and Sen. Ward, who both understand how critical it is for industry to get activity going again in the state,” Moncla said. “The Governor’s support on kickstarting the economy when 2020 has been a double whammy for oil and gas is crucial and we look forward to working with him to get HB 29 passed.”
About The Louisiana Oil & Gas Association
The Louisiana Oil & Gas Association was organized in 1992 to represent the independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production, and oilfield services. LOGA’s primary goal is to provide our industry with a working environment that will enhance the industry. For more information, visit www.loga.la.