Bayou Industrial Group submitted a letter to President Donald Trump today asking for his support of initiatives that would provide relief to our offshore oil and gas industry during this economic crisis.
“BIG and our members appreciate the tremendous economic benefits that offshore oil and gas production contribute to our region and our nation. We also understand too well how reductions in production of American oil and gas has devastating consequences for hundreds of thousands of workers and small businesses along the Gulf. That is why we urge you today to provide immediate relief to help ensure that America’s oil and gas industry, local small businesses and our communities survive this current economic crisis and continue to play a critical role in supplying energy, jobs and tax revenue for our nation,” states Executive Director Jennifer Armand.
The letter requests that the President suspend or reduce royalty rates, among other recommendations put forth by the Louisiana Mid-Continent Oil and Gas Association.