If you are interested in oil and gas investing opportunities in Louisiana, this page will help you have a better understanding of the area, the shale formations, what is actively being drilling in the area, and what to look for before investing.
Louisiana Reserves and Drilling Methods
Ten percent of all known U.S. oil reserves are located in Louisiana. This combined with the fact that it is the country’s third largest producer of petroleum and produces over one-third of all U.S natural gas supplies makes Louisiana an interesting state to look at for your investing opportunities. The Haynesville Shale is the most well known Louisiana shale formation with the newly discovered Brown Dense and Tuscaloosa Marine Shale following close behind it. Drilling Methods used in the area are horizontal drilling and hydraulic fracturing. The total number of rigs in the state being 113 as of December 11, 2014. Louisiana appears to have a very promising future.
Our investment guide has everything you need to know before investing in one of Louisiana’s many oil operations.
What to Look for Before Investing in Louisiana Oil and Gas
Here are a few of the important steps you can take before investing to help reduce your risk:
- Know the operator’s success rate.
Take a look at the number of wells an operator as drilled versus the number of wells currently producing if you are thinking of investing in a new drilling project. Compare the company’s production rates to the state averages.
- Look at the company’s projections for the area.
Before you invest in a producing well, make sure you have read over the company’s estimates on how much oil and gas they are expecting to produce.
- Check to see if the company is investing in innovation
The best operators are always looking for newer or better methods for extracting and producing oil and gas. These companies are willing to invest in newer technologies that will help produce more and be more economical to your investment.
Where Can I Find More Information on Investing in Louisiana Oil and Gas?
You can download our complete oil and gas investing guide and legit meter here. This guide contains everything you need to know before getting started with your oil and gas investment. Our website also has several resources that will help you get a better understanding of Louisiana oil and gas investing. For more information on the shale formations, you can visit our Oil and Gas formation page . This page will give you a better look at what formations are in the area as well as the companies located there and what types of wells are being drilled. Our resources page has valuable information and websites that can provide a detailed and complete look at the industry.
Fun Facts About Louisiana:
- Louisiana does not have counties. It is the only state that calls its political subdivisions parishes.
- Mardi Gras comes from a southern European ancient tradition that celebrates festivities, food, and fun right before Catholics recognize Lent: a time of prayer and fasting.
- Legendary hero of the Battle of the Alamo, Jim Bowie, lived in town of Opelousas, Louisiana after coming from Kentucky. It is the one of the oldest cities in Louisiana.