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Business Resources
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Oil & Gas
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Though our economy has diversified into a variety of sectors, the Lafayette oil and gas industry remains the center of economic vitality. Lafayette's economy was founded on oil and gas, and the industry remains a major part of business operations in the city. Changes in drilling have affected the oil and gas landscape in recent years, causing many of the big oil companies to relocate to Houston, but Lafayette continues to be a thriving arena for the service industry. There are over 600 oil-related businesses in Lafayette Parish covering all aspects of the oil industry. There is the familiar exploration and production segment, which is responsible for finding and producing oil and natural gas. Next there is the refining section, which takes crude oil and turns it into useful products like gasoline, diesel and chemical feed stock. Next, there is the marketing section, which includes the gasoline stations. Finally, there is the transportation section, which includes pipelines carrying crude oil, natural gas and refined products.
Deepwater is the current trend in drilling, and companies are venturing deeper and deeper into the Gulf of Mexico. With all of these new developments, Lafayette's oil and gas arena should be booming for years to come.
Louisiana has served as the gateway for America's energy needs for decades, and at the heart of this gateway is Lafayette, the host city for the country's 2nd largest energy exposition – LAGCOE. According to its Web site, http://www.lagcoe.com/, this exposition has been providing unprecedented access to key decision makers, state-of-the-art technologies and the very latest in offshore and onshore drilling capabilities. This access makes LAGCOE a unique experience, as the show is located in the very heart of America's energy corridor. |
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