Table 4.1 Impact of the Offshore Oil and Gas Industry on the State 

 of Louisiana, 1948-1971 (Source: American Petroleum 

 Institute, 1973) 



People directly and indirectly employed as a result of the existence of 



the offshore oil industry in 1971 



Direct 



Number 38,000 



Annual Income $381,000,000 



Indirect 



Number 76,000 



Annual Income $418,000,000 



Total 



Number 114,000 



Annual Income $799,000,000 



2. Capital expended to find, develop, produce, transport and process off- 



shore oil and gas 



Period 1948-1971 $9,390,000,000 



1971 807,000,000 



1971 - Daily Rate 2,200,000 



3. Capital expended which stayed within the State of Louisiana to find, 



develop, produce, transport, and process offshore oil and gas 



Period 1948-1971 $5,500,000,000 



1971 482,000,000 



1971 - Daily Rate 1,300,000 



4. Operating and maintenance expenses for producing, transporting, and 



processing offshore oil and gas 



Period 1948-1971 $2,600,000,000 



1971 376,000,000 



1971 - Daily Rate 1,000,000 



5. Operating and maintenance expenses which stayed within the State of 



Louisiana for producing, transporting, 

 and processing offshore oil and gas 



Period 1948-1971 $2,080,000,000 



1971 301,000,000 



1971 - Daily Rate 800,000 



131 



