Louisiana Surface Use Agreement (Oil and Gas Operations)
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FAQ
It provided high-paying jobs and improved the standard of living for thousands. But on the other hand, the industry produced unintended and long-lasting environmental impacts. These environmental tradeoffs are an important aspect to the history of oil and gas development in the state.
The oil and gas industry in Louisiana is a major economic and industrial force. The petroleum industry account for almost 25% of the total state revenues, or about $1.2 billion dollars. The petroleum industry employs more than 116,000 people which is about 6% of the states total work force.
Introduction #StateCrude Oil Production10Louisiana32,843 Mbbl11Kansas27,518 Mbbl12West Virginia18,918 Mbbl13Montana18,731 Mbbl28 more rows
The energy industry supports more than half of a billion dollars in annual wages for employees in greater New Orleans area. The oil and natural gas industry generates more than 260,000 jobs in Louisiana ? enough people to fill LSU's Tiger Stadium three times over.
A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.
Hilcorp has operated in Louisiana since 1997 and today, Hilcorp is one of the largest operators and the largest oil producer in the state.