Gulf Coast Energy Outlook Kickoff Nov. 6
BATON ROUGE – The LSU Center for Energy Studies and the E. J. Ourso College of Business will host a kickoff event on Wednesday, Nov. 6, at 10 a.m. to release the 2020 Gulf Coast Energy Outlook. The release and a stakeholder briefing will be held at the Dalton J. Woods Auditorium of the LSU Energy, Coast & Environment Building and will survey the current state of the industry and provide a forecast for future industry activity on the Gulf Coast.
The 2020 GCEO is authored by David E. Dismukes, executive director and professor, LSU Center for Energy Studies; Dek Terrell, professor, LSU E. J. Ourso College of Business; and Gregory B. Upton Jr., assistant professor, LSU Center for Energy Studies.
The 2020 GCEO examines trends in upstream oil and gas activity, transportation infrastructure and bottlenecks, and downstream investments in refining and petrochemicals. Energy sector-specific employment forecasts are also provided.
Findings: Drilling activity has slowed this past year, and this slowed pace is expected to continue given low oil and natural gas price forecasts. While drilling activity has slowed, production continues to rise due to continued well productivity. Increased oil and natural gas production has led to significant and continued pipeline investment opportunities. Industrial development and capital expenditures for both Louisiana and Texas have slowed in 2019, but are anticipated to rebound in 2020 through 2023.
Admission is free for members of the media, students, faculty, university staff and state employees. All others: $25. All are encouraged to pre-register online.
Event details are as follows:
Date: Nov. 6, 2019
Time: 9:30 a.m. - 10:00 a.m. – Registration/check-in, coffee
10:00 a.m. - 11:00 a.m. – GCEO Presentation and questions/discussion
Dalton J. Woods Auditorium
Energy, Coast & Environment Building
93 South Quad Drive
Louisiana State University
Baton Rouge, La. 70803
Contact Marybeth Pinsonneault
LSU Center for Energy Studies
LSU Media Relations