Louisiana receives $155.7 million in GOMESA money

Article Image

Posted April 2, 2020

Louisiana on Monday snagged $155.7 million in Gulf of Mexico Energy Security Act revenue-sharing funds for coastal restoration efforts, derived from offshore energy production.

Plaquemines Parish gets the largest disbursement in the state, with more than $3 million. Rounding out the top five: Jefferson Parish, nearly $2.6 million; Terrebonne Parish, nearly $2.4 million; Orleans Parish, more than $2.1 million; and Cameron Parish, just under $2.1 million. In the Capital Region, Livingston Parish gets close to $1.3 million.

All told, U.S. Department of the Interior Secretary David Bernhardt announced that the Department disbursed almost $353 million in FY 2019 energy revenues to the four Gulf oil and gas producing states—Alabama, Louisiana, Mississippi and Texas, and their coastal political subdivisions, or CPS—an increase of 64.2% over the prior year.

The funds will be used to support coastal conservation and restoration projects; hurricane protection programs; and activities to implement marine, coastal or conservation management plans.

Examples of Louisiana projects previously funded with GOMESA dollars:

  • Approximately $50 million for a permanent gate structure that will prevent flooding to portions of six parishes on Bayou Chene. Once complete, the project will feature a 40-foot barge gate to provide protection against storm surge up to 10 feet, along with a series of floodwalls and levees to support additional protection.
  • Approximately $65 million for a project In Ascension Parish that includes a pump station to be constructed on the Mississippi River at Donaldsonville with a minimum pumping capacity of 1,000 cubic feet per second alongside the existing 500 cfs station, tripling the capacity for fresh water entering Bayou Lafourche to combat saltwater intrusion and provide fresh drinking water to over 300,000 residents in Assumption, Ascension, Lafourche and Terrebonne parishes.
  • This story originally ran in 10/12 Industry Report. Subscribe to the free 10/12 Weekly e-newsletter here to keep up with Gulf Coast industry.

    Source: businessreport