2021 Regular Session ENROLLED SENATE CONCURRENT RESOL UTION NO. 57 BY SENATOR ALLAIN A CONCURRENT RESOL UTION To commend the Louisiana Offshore Oil Port on its 40th anniversary of deepwater port operation. WHEREAS, on January 27, 1977, the Louisiana Offshore Terminal Authority issued to the Louisiana Offshore Oil Port, herein known as "LOOP", a first-ever license to construct and operate offshore terminal facilities for the purpose of building a deepwater port as a safe means to receive and deliver crude oil from the largest tankers in the world; and WHEREAS, on May 2, 1981, after constructing the nation's first deepwater port, LOOP offloaded the Texaco Carribean to deliver crude oil to refineries serving the energy needs of Louisiana citizens and the American public, and since that time, LOOP has safely moored over ten thousand six hundred tankers at the deepwater port; and WHEREAS, in 1996, LOOP began receiving crude oil production from the Gulf of Mexico as an economic and safe means of transporting outer continental shelf crude oil to the United States mainland; and WHEREAS, today, LOOP safely receives, stores, and distributes more than fifty-five percent of all crude oil produced from the Gulf of Mexico outer continental shelf, and more than eight percent of all crude oil refined in the entire United States, which activities support critical jobs and revenue for the state of Louisiana and its citizens; and WHEREAS, in 2018, LOOP received federal and state approval to begin loading operations from the deepwater port, and since that time, more than one hundred sixty million barrels of domestically produced crude oil have been exported from LOOP to international ports, which has positively affected the balance of trade of the United States by several billion dollars; and WHEREAS, LOOP has become one of the largest privately owned crude oil storage facilities in the United States with more than seventy-two million barrels of storage available for refiners and producers to ensure a reliable supply of energy for American consumers; and Page 1 of 2 SCR NO. 57 ENROLLED WHEREAS, LOOP takes great care in performing its services in a safe and environmentally responsible manner through the development and implementation of a one-of-a-kind Superport Environmental Protection Plan and Environmental Monitoring Program that ensures the people of Louisiana and the environment are least impacted from its operations; and WHEREAS, since its operations began, LOOP has safely received, stored, and distributed more than fourteen billion barrels of crude oil without a significant environmental incident; and WHEREAS, as the only crude oil deepwater port in the United States, LOOP's forty-year success is a result of the genius, innovation, collaboration, and hard work of its employees, contractors, and local, state, and federal stakeholders to ensure the American public receives a safe and reliable supply of energy. THEREFORE, BE IT RESOLVED that the Legislature of Louisiana commemorates the 40th anniversary of the Louisiana Offshore Terminal Authority issued to the Louisiana Offshore Oil Port as the first and only crude oil deepwater port in the United States. BE IT FURTHER RESOLVED that the Legislature of Louisiana does hereby recognize the activities of the Louisiana Offshore Terminal Authority and commend the Louisiana Offshore Oil Port for safely receiving, storing, and distributing billions of barrels of crude oil to ensure a reliable supply of energy for the American public and contributing significantly to the economic productivity of the United States. BE IT FURTHER RESOLVED that the Legislature of Louisiana supports the Louisiana Offshore Terminal Authority and the Louisiana Offshore Oil Port in its commitment to safe operations and the environment in protecting the interests of Louisiana and its citizens. BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the executive director of the Louisiana Offshore Terminal Authority. PRESIDENT OF THE SENATE SPEAKER OF THE HOUSE OF REPRESENTATIVES Page 2 of 2