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Louisiana’s Share of Federal Offshore Oil & Gas Revenue in FY19 Increases 14.4 Percent Over Previous Fiscal Year

April 26, 2019

Baton Rouge, La – Today, the Coastal Protection and Restoration Authority has announced it will receive $75.8 Million in oil and gas revenue sharing from federal offshore waters. The 19 coastal zone parishes will receive $18.9 Million, bringing Louisiana’s total to $94.7 Million.  Louisiana’s total share is $11.9 Million greater this year than the amount received in 2018 which was the first year for the major disbursement of outer-continental shelf revenue under the phased-in Gulf of Mexico Energy Security Act (GOMESA).