Oil Industry Louisiana
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An Introduction to Oil Industry Louisiana
The Oil Industry is considered as one of the biggest and one of the most important industries in Louisiana if things like taxes paid amount, impact on Economy and number of people getting employment is taken into consideration. The Louisiana Oil Industry’s history can be traced back from the beginning of the twentieth century and the first oil well was discovered in Jennings Field in the year 1901. Though it took almost 46 years to drill out the oil offshore as the job was done by the year 1947.
The Louisiana Oil Industry has crossed the boundaries of Louisiana and has expanded itself to even the Gulf Of Mexico. The Louisiana Oil Industry is actually considered as having four industries incorporated in it. That is, the Louisiana Oil Industry has the production and exploration segment which is used to search the places with Oils and also producing them successfully.
One can also find various refineries which is responsible in turning the crude oil into products like chemical feed stock, diesel and other products like gasoline. After this the Louisiana Oil Industry includes the section which does the marketing and also sells various products made of gasoline. This includes the refill pumps as well. The last but not the least thing is the pipelines through which the fuels are carried from one place to another and also.
Louisiana is considered as the fourth leading oil producer in the United State of America and if the production in the Gulf of Mexico is taken into consideration Louisiana becomes the third highest crude oil producer in the country.
The Oil Industry in Louisiana has more than 18 oil refineries in the state and this is almost 15 percent of the total number of refineries available in the whole of America. One can also find several thousand kilometers of pipelines stretched allover the state which makes the Oil Industry Louisiana a very important oil industry in the market. It is also seen in the statistics that are available in the market which says that almost around $65 billion is the amount which is caused due to direct or indirect impact of the Oil Industry Louisiana.
