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Oil and Gas

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 more than 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.

The Louisiana Gulf Coast Oil Exposition has been fueling the global quest for energy for more than 55 years. Join us for LAGCOE 2009, and experience the energy that oil and gas industry professionals have been experiencing since 1955: Network with decision makers from around the globe, discover world-class technology and solutions, cultivate dynamic business relationships, and gather the latest information on safety and security.