“This legislation would have stimulated some critically needed economic activity in our state, and while it did not pass we remain hopeful and optimistic,” Mike Moncla, Interim President of the Louisiana Oil & Gas Association said. “We believe Gov. Edwards gave strong consideration to the merits of the issue, and it is our job over the next few months to illustrate to the governor, the Department of Natural Resources, and key legislators why this bill is so important. We look forward to that opportunity.”

It’s just days before election day, and we find ourselves at a crossroads. It is impossible to overstate how much potential this current moment holds for Louisiana’s oil and gas industry, and how devastating the wrong decisions could be.

This is a narrow amendment that allows, but does not mandate, a fairer methodology for assessors. This is what most other producing states do. Failure to pass Amendment 2 would keep Louisiana in a difficult, if not impossible posture, ensuring continued troubles for parishes and operators.

“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.”