The oil and gas industry supported over 345,000 Louisiana jobs, provided over $24.9 billion in wages and contributed more than $59.1 billion to the state’s economy in 2019, according to a study conducted by PricewaterhouseCoopers that compiles the latest available government data.i
As the largest private wetlands owner in Louisiana, ConocoPhillips is uniquely positioned to support solutions for sustainable coastal restoration. We work with other landowners, non-governmental organizations (NGOs), parishes, and state and federal agencies to recommend and support collaborative project opportunities to enhance habitats and resilience in Louisiana’s coastal zone.
ConocoPhillips in Louisiana
Our history in Louisiana dates back nearly 100 years. Through our subsidiary, The Louisiana Land and Exploration Company LLC (LL&E), we are the largest private wetlands owner in the state, with about 636,000 acres extending 120 miles from the Atchafalaya Basin in the west to the Mississippi River in the east, and from the New Orleans area down to the Gulf of Mexico. Our land spans eight parishes including: Terrebonne, Lafourche, Plaquemines, Jefferson, St. Charles, St. Mary, St. John the Baptist, and Iberia. The coastal wetlands are an economic resource for the company through royalties from oil and gas production and surface leases for both commercial and recreational activities.