Calcasieu, Cameron to get nearly $4 million in energy revenue sharing
Published 4:18 pm Thursday, March 30, 2023
- (Metro Creative Services)
U.S. Sen. Bill Cassidy, R-Louisiana, said Louisiana is receiving $156,161,552.64 in revenue from the Department of Interior from energy produced in the Gulf of Mexico during fiscal year 2020.
The Gulf of Mexico Energy Security Act, which was signed into law in 2006, created a revenue-sharing program between the federal government and the states of Louisiana, Texas, Mississippi and Alabama for oil and gas exploration and development activities off their coasts to benefit the nation, Cassidy said.
Louisiana invests the revenues from energy lease sales directly into coastal restoration, hurricane protection and flood control projects.
Trending
Of the $156 million headed to Louisiana, Cameron Parish will receive $2,093,389.70 and Calcasieu Parish will receive $1,690,097.29 .