Energy
South Louisiana — A Global Leader
South Louisiana’s stretch of highway 90, also known as America’s Energy corridor is dominated by hundreds of companies supporting the oil and gas industry. Over 80 percent of offshore oil rigs are located off the coast, offering a tremendous opportunity for companies manufacturing products or delivering services to the energy industry. Significant investments in Acadiana include:
Frank's International
What began as a one-crew casing company operating out of a garage in 1938 has grown into a remarkable entrepreneurial success story in Acadiana. Working with customers such as Shell, ExxonMobil, and Chevron, Frank’s International established itself as a true pioneer in deepwater services. While Frank’s now spans the globe, operating in over 60 countries, its Acadiana location remains its flagship where it employs several hundred people to complete its manufacturing operations.
Halliburton
Halliburton is one of the world’s largest oilfield services companies, providing technology, equipment, and engineering support for oil and natural gas exploration and production. With operations in Lafayette, Broussard, and New Iberia, the company contributes to the region’s industrial base, workforce development, and broader energy supply chain, helping maintain Acadiana’s position as a leading Gulf Coast energy services hub.
Oceaneering International
Operating out of its regional headquarters in Morgan City, Oceaneering International offers its Gulf Coast customers remotely operated vehicles, built-to-order specialty subsea hardware, deepwater intervention and manned diving services, non-destructive testing and inspection, and more. Oceaneering’s focus is deepwater drilling making Acadiana a perfect base for its operations.
Check out the advantages businesses like these enjoy:
- 4th lowest state for industrial natural gas price
- 10% lower price than the national average
- A highly-trained oil and gas workforce
- Access to a number of Louisiana universities with specific programs and research strengths related to the energy industry
- Shovel-ready and certified sites to locate and expand facilities
Bold Incentives
South Louisiana values its aviation industry and aligns state and local resources to provide customized incentive packages for businesses looking to grow. A couple standard incentives are outlined below. You can find a full list of available incentives here.
High Impact Jobs Program
Louisiana’s High-Impact Jobs Program (HIP) offers qualifying companies up to five years of reimbursable grants for the creation of new jobs that pay above the parish (county) average wage, based on the parish where the project is located.
Industrial Tax Exemption Program
The Louisiana Industrial Ad Valorem Tax Exemption Program (ITEP) offers an 80% property tax abatement for up to 10 years on a manufacturer’s new investment.
Digital Interactive Media & Software
Louisiana’s Digital Interactive Media and Software Program (DM)—one of the strongest of its kind in the nation—helps innovative digital media and software development companies of all sizes gain a competitive edge.
Ready to Learn More About South Louisiana’s Energy Industry?
South Louisiana powers the nation and fuels the world. With unmatched energy infrastructure, deepwater access, and a highly skilled workforce, it’s one of the most strategic locations for energy investment in North America.
