LOGA and LMOGA Issue Letter to Trump in Support of GOMESA

BATON ROUGE, LA (June 7, 2017) —The Louisiana Oil and Gas Association (LOGA) and the Louisiana Mid-Continent Oil and Gas Association (LMOGA) issued a letter to President Trump urging the Administration to include the Gulf of Mexico Energy Security Act (GOMESA) in the 2018 federal budget.

“Revenues that are shared through GOMESA are vital to the health of Louisiana’s working coast,” said Don Briggs, President of the Louisiana Oil and Gas Association. “The oil and gas industry worked hand-in-hand with the Congressional Delegation to ensure that these shared revenues were made permanent in order to protect Louisiana’s coastal communities. We will continue fighting to ensure that Louisiana and our oil and gas sector remain open for business.”

“The passage of GOMESA was a long road, which took many years to pass, that spanned over several administrations, said Chris John, President of the Louisiana Mid-Continent Oil and Gas Association. “These dedicated funds should be used for coastal restoration and protection as intended by the Congress. Louisiana expects these funds to be used as a steady and predictable funding stream. Even hinting at diverting these funds from its original dedication puts meaningful dollars for coastal restoration at risk. We urge the Administration to take this into account and confirm the sanctity of this agreement by continuing the funding stream to gulf states.”

In 2006, GOMESA was signed into law by President George W. Bush. This Act enhanced Outer Continental Shelf oil and gas leasing by offering 8.3 million acres for lease shortly after the enactment of the statute. GOMESA also allowed revenue sharing in the Gulf of Mexico between Louisiana, Alabama, Mississippi, and Texas for the use of coastal and hurricane protection projects, among other important initiatives.

Click Here to view letter.


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. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana. Find out more information at: http://www.loga.la

About The Louisiana Mid-Continent Oil and Gas Association

Louisiana Mid-Continent Oil and Gas Association, founded in 1923, is a trade association exclusively representing all sectors of the oil and gas industry operating in Louisiana and the Gulf of Mexico.  LMOGA serves exploration and production, refining, transportation, marketing and mid-stream companies as well as other firms in the fields of law, engineering, environment, financing and government relations. LMOGA’s mission is to promote and represent the oil and gas industry operating in Louisiana and the Gulf of Mexico by extending representation of our members in the Louisiana Legislature, state and federal regulatory agencies, the Louisiana congressional delegation, the media and the general public. Find out more information at: http://www.lmoga.com

Posted in: Press Releases

About the Author:

Post a Comment