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Energy

Energy continues to be a driving force in the world economy. Not only does it fuel our cars, our factories and our homes, but energy has become one of the major factors making up the political landscape of our country.

In 2010, the Greater Lafayette Chamber of Commerce re-envisioned and re-ignited the defunct Oil & Gas Division and created the Energy Division. The Energy Division had become a clear necessity for the community, especially in the wake of the Deepwater Horizon tragedy and the Moratorium that followed.

Lafayette has made a constant effort to diversify its economy in the past decades and has had incredible success in doing so. However, the heart and soul of the city is oil and gas. In response to the Moratorium that President Obama and his administration placed on the industry, the Chamber assisted the Louisiana Oil & Gas Association (LOGA) in hosting the Rally for Economic Survival in Lafayette at the Cajundome. The Rally had over 11,500 people attend while another 11,000 people watched the event online. It was the second- largest free event in the Cajundome’s history, and truly was the coming together of our community.

Lafayette and the Chamber took another challenge head on in 2010—Compressed Natural Gas (CNG). Beginning in January, the Chamber began hosting meetings for fleet managers in and around Lafayette. The meetings, held in conjunction with Apache and LOGA, educated the fleet operators about the costs, savings and mechanics of CNG. During these meetings, Lafayette Consolidate Government was brought in as well. The results of the CNG efforts are impressive. LCG is now planning on having the first CNG station open no later than June with five city buses that will be powered by CNG. Another 41 vehicles are also being converted in 2011 and a total of three stations are being planned. Apache is looking at one or two stations as well. Lafayette is well on its way to making CNG an integral part of its Energy Future.

Lafayette is also home to many different industry events: Gulf Coast Prospect & Shale Expo, Louisiana Energy Golf Classic and also the Louisiana Gulf Coast Oil Exposition (LAGCOE). LAGCOE, now in its 28th year, is now the second-largest energy exposition in the country. Executives from all over the world fly in to stroll through the CAJUNDOME and the Convention Center and look at over 400 companies showcasing their products. If you are a service company in the energy industry, exhibiting at LAGCOE is a must.

Louisiana is the Energy State. Fifty percent of all of the gasoline and diesel that powers our country flows through and from Louisiana. Lafayette is the heartbeat of Louisiana’s energy economy. Not only are we home to great exploration and production companies, we supply the landmen, the tool-pushers, the survey equipment, the geologists, the legal minds, etc. If it has to do with energy in the state of Louisiana, you can bet Lafayette is involved.

Lafayette has a bright future as the heart of the energy industry. Even as the push for renewable and solar energy grow stronger, America stills depend on oil and gas to fuel our economy. Louisiana, the United States and the world will have to work with Louisiana for decades to come.


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