EUNICE, La. (KLFY) — The Louisiana oil and gas industry is poised to get a major shot in the arm if a bill on Governor John Bel Edwards desk gets his signature.
House Bill 29 would suspend all severance taxes on new or restorative oil well projects in the state.
Many groups hope it will attract businesses and jobs back to Acadiana.
“I’d jump at the chance to work in Louisiana, but it just ain’t there,” expressed Cal Cormier.
Cormier lives in Eunice and is one of the thousands of oil field workers having to go outside of the state to find a job, but it’s not by his choice. Louisiana has the highest oil production tax in the south.
“From a business perspective, they