Over 250 companies utilize Port Fourchon as a base of operation.
In addition to its huge domestic hydrocarbon significance, Port Fourchon is land base for LOOP (Louisiana Offshore Oil Port), which handles 10-15% of the nation’s domestic oil, 10-15% of the nation’s foreign oil, and is connected to 50% of US refining capacity. LOOP is the only US deepwater port capable of offloading VLCCs (Very Large Crude Carriers) and ULCCs (Ultra Large Crude Carriers).
Port Fourchon currently services over 90% of the Gulf of Mexico’s deepwater oil production.
Overall, Port Fourchon plays a strategic role in furnishing this country with about 18% of its entire oil supply.
Over 400 large supply vessels traverse the port’s channels each day.
Approximately 15,000 people per month are flown to offshore locations supported by Port Fourchon.
Truck traffic studies have shown that up to 1,200 trucks per day travel in and out of Port Fourchon.
Over 1.5 million barrels of crude oil per day are transported via pipelines through the port.
Five of the top ten Lafourche Parish employers operate from and/or utilize Port Fourchon.
Nine of the top ten Lafourche Parish taxpayers operate from and/or utilize Port Fourchon.
Oil and Gas Facts
The Gulf of Mexico alone provides the US with about one fifth of its domestic oil supply.
Over 80% of all GoM oil comes from deepwater (over 1,000 ft.).
Over 50% of all GoM gas comes from deepwater.
The US Gulf of Mexico region (including TX, LA, MS, AL, FL, & federal offshore GoM) produces nearly 40% of total US crude oil and 35% of total US natural gas.
Deepwater fields produce some of the highest oil rates in the Gulf of Mexico, and these rates are significantly higher off the southeast Louisiana coast.
Over 45% of total US petroleum refining capacity is located along the Gulf coast, as well as 51% of total US natural gas processing plant capacity.
In FY 2015, the total reported revenues collected by the US Department of the Interior were about $12 billion, over half of which came from mineral lease revenues in offshore waters in the Gulf of Mexico.