Acadiana Business Advocate

Tuesday, January 30th, 2024

Should Louisiana lower its oil severance tax?

By ADAM DAIGLE l Acadiana Business Editor

Welcome to a another edition of your Acadiana Business Newsletter. Let's get on to the headlines.

Louisiana might lower its severance tax for oil production if lawmakers follow suggestions from Gov. Jeff Landry’s transition councils — and recent history from the state’s new speaker of the House of Representatives.

Landry’s energy, chemical and maritime transition council report, released Friday, says the state should “incentivize and amplify drilling in south Louisiana by evaluating and addressing the severance tax on oil” to spur new wells and new revenue for state coffers.

Read the full story here.

Have a great day and see you tomorrow.

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Should Louisiana lower its oil severance tax?

This Acadiana micro-bakery uses French techniques, tradition to make praised king cakes

Something Borrowed Blooms to partner with national bridesmaid dress retailer

Catalyst Bank reports bump in net profit in fourth quarter

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