Louisana ranked sixth in oil production and third in gas production in the U.S. in June of this year. For decades, the southeastern U.S. state has been a major player in the nation’s domestic oil & gas production. Despite this, there are surprisingly few assessments of Louisiana's drilling and production trends and correlations with activity drivers.
Now, PennEnergy Research is offering a thorough and dynamic look at the state’s production history over the past 30 years. Louisiana Drilling and Production Activity Review is authored by Mark J. Kaiser, LSU professor and director of research and development at the Center for Energy Studies, and LSU research associate Yunke Yu.
The 66-page report covers the period between 1980 and 2011. The 30-year time span covers multiple price cycles and major changes in technological development and discovery of major new resource plays. Inside, Oil and gas production trends are summarized along with inventories of producing wells and regional production trends. Drilling and completion activity is reviewed, including the number of boreholes drilled, wells spud, dry holes, service and injection wells, completion and success rates, and drilled footage. Drilling expenditures are estimated on a regional basis using well construction cost curves. The annotated report also includes 56 graphs and tables.
Louisiana Drilling and Production Activity Review provides an overview of the most meaningful relationships to inform regulators, legislators, industry participants, and the general public wanting to learn more about Louisiana's oil and gas industry.
Mark J. Kaiser’s research interest covers the oil, gas, and refining industry, and is related to cost assessment, fiscal analysis, infrastructure modeling, and valuation studies. Dr. Kaiser has led several studies and published extensively on quantitative modeling in the oil and gas industry. Dr. Kaiser holds a Ph.D. from Purdue University.
Kaiser is joined on the report by research associate Yunke Yu. Yu's research interests are related to modeling and economics evaluation. He earned a bachelor of engineering in oil and gas transportation and storage from China University of Petroleum and a master of finance from Tulane University.