SLS 10RS-3787 ORIGINAL
Page 1 of 2
Regular Session, 2010
SENATE RESOLUTION NO. 93
BY SENATOR LONG
SENATE. Recognizes the Haynesville Shale for its economic impact on the state.
A RESOLUTION1
To recognize the Haynesville Shale for its economic impact on the state.2
WHEREAS, in 2009, seven firms extracting natural gas from the Haynesville Shale3
in northwest Louisiana generated approximately $10.6 billion in new business sales within4
the state according to an economic impact study; and 5
WHEREAS, new business sales in turn created new household earnings for residents6
of the state totaling $5.7 billion, according to the report which represents about 3.6 percent7
of the personal income produced in the state in 2009; and8
WHEREAS, while Louisiana's personal income fell by almost $1.2 billion or 0.79
percent in 2009, had it not been for the Haynesville Shale activity, the decline would have10
been 4.3 percent, according to the report; and11
WHEREAS, including the direct employment of 4,318 employees and contract12
workers reported by these firms, there was an increase of 57,637 new jobs within the state13
in 2009; and14
WHEREAS, while Louisiana lost two percent of its jobs in 2009, without the jobs15
provided by Haynesville Shale, the state's employment numbers would have decreased by16
five per cent; and17
WHEREAS, it is stated that production activity in the shale increased state and local18 SR NO. 93
SLS 10RS-3787 ORIGINAL
Page 2 of 2
tax collections by at least $912.3 million; with direct taxes paid by those firms and that1
activities in the shale indirectly generated state taxes of at least $573.5 million; and2
WHEREAS, the study was conducted by economist Loren Scott for the Louisiana3
Oil and Gas Association from company data representing 70% of the wells drilled in 2009;4
and5
WHEREAS, it is estimated that from 2010 to 2014, companies operating there will6
spend nearly $25.8 billion in drilling expenditures and $57.5 million in estimated lease7
payments, and will allocate approximately $672 million in royalty payments; and8
WHEREAS, over the same five-year period, it is estimated that activity in the shale9
will generate $61 billion in new business sales, $15.6 billion in new household earnings, and10
$844 million in local government revenue and $195 million in state revenue from severance11
taxes.12
THEREFORE, BE IT RESOLVED that the Senate of the Legislature of Louisiana13
does hereby recognize the Haynesville Shale for its economic impact on the state.14
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Jerry J. Guillot.
DIGEST
Long SR No.
Recognizes the Haynesville Shale for its economic impact on the state.