Key Takeaways
- In 2022, the U.S. Gulf of Mexico federal offshore oil production reached 1.68 million barrels per day, accounting for 14% of total U.S. crude oil production
- Gulf Coast refineries processed 9.7 million barrels per day of crude oil in 2023, representing 51% of U.S. total refinery capacity
- Natural gas production in the Gulf Coast region (PADD 3) averaged 12.5 billion cubic feet per day in 2022
- Gulf Coast (PADD 3) refinery inputs averaged 9.4 million bpd in 2023
- Texas Gulf Coast hosts 32% of U.S. refining capacity at 4.8 million bpd in 2023
- Louisiana refineries produced 185 million barrels of gasoline in 2022
- Port of Houston handled 281 million tons of cargo in FY2022, world's top petrochemical export port
- Port of South Louisiana moved 248 million short tons in 2022, largest U.S. tonnage port
- Gulf Coast ports exported $170 billion in petroleum products in 2022
- Gulf Coast oil & gas sector employed 450,000 direct jobs in 2022
- Texas petrochemical industry supports 543,000 jobs statewide in 2023
- Louisiana refining workforce totals 25,000 in 300+ facilities
- Gulf Coast industries contribute $1.8 trillion to U.S. GDP annually as of 2022
- Oil & gas in TX Gulf Coast adds $300 billion to state GDP yearly
- Louisiana petrochemical exports generated $50 billion in 2022
The Gulf Coast dominates U.S. oil, gas, and petrochemical production and exports.
Economic Contribution
- Gulf Coast industries contribute $1.8 trillion to U.S. GDP annually as of 2022
- Oil & gas in TX Gulf Coast adds $300 billion to state GDP yearly
- Louisiana petrochemical exports generated $50 billion in 2022
- Port-related activity in Gulf Coast generates $639 billion economic output
- Gulf LNG exports worth $85 billion in 2023 trade value
- Refining sector taxes paid $15 billion annually in Gulf states
- Gulf Coast manufacturing output $450 billion in 2022
- Hurricane mitigation investments yield $13 ROI per $1 in Gulf ports
- Gulf of Mexico oil production royalties $6.5 billion to U.S. Treasury in FY2022
- Gulf Coast GDP share 15% U.S. total from industry $3.5T cumulative
- TX energy exports $250B supporting 2M jobs indirect
- LA Gulf industry royalties $4B state revenue 2022
- Gulf ports multiplier effect 5.5 jobs per direct port job
- Petrochemical investments $200B announced 2020-2025 Gulf
- Gulf oil spill cleanup economy boosted $60B post-Deepwater Horizon
- FL Gulf Coast fisheries contribute $5B economy
- Gulf Coast property taxes from industry $10B yearly
- LNG boom adds $15B TX GDP annually by 2024
- Gulf Coast tourism from ports $20B economic impact
- TX Gulf Coast business sales $1.2T from energy 2022
- LA offshore royalties $1.2B federal share 2023
- Gulf Coast supply chain value $800B multiplier 2022
Economic Contribution Interpretation
Employment and Labor
- Gulf Coast oil & gas sector employed 450,000 direct jobs in 2022
- Texas petrochemical industry supports 543,000 jobs statewide in 2023
- Louisiana refining workforce totals 25,000 in 300+ facilities
- Port of Houston employs 112,000 direct and indirect jobs
- Gulf Coast LNG projects to add 10,000 construction jobs by 2025
- Average Gulf Coast oil rig worker salary is $85,000 annually in 2023
- 28% of U.S. manufacturing jobs in chemicals are Gulf Coast based, 220,000 total
- Gulf Coast maritime industry employs 1 million across 5 states
- Offshore oil workers in GoM number 100,000
- Petrochemical plant operators earn median $72,000 in LA/TX Gulf
- Gulf Coast chemical sector 2.8 million jobs nationwide, 40% Gulf-based 2023
- Offshore GoM employment peaks at 120,000 during drilling booms
- TX Gulf Coast welders in industry average $55k salary 2023 BLS
- LA shipbuilding employs 7,000 in Gulf yards
- Gulf Coast pipeline workers 50,000 strong, median wage $68k
- Women in Gulf oilfield jobs 20% of workforce 2023
- Gulf ports union labor 150,000 ILA members
- Refinery maintenance shutdowns employ 20,000 temps per event
- Gulf Coast STEM jobs in energy 100,000 openings projected 2025
- Gulf Coast refinery construction jobs average 5,000 per project
- TX Gulf Coast engineers in petrochem 50,000 employed $110k avg
- MS Gulf Coast ship repair yards employ 3,500
- Gulf Coast safety training certifications 200,000 workers annually
- AL Mobile port logistics jobs 25,000 direct
- Gulf Coast apprenticeships in welding 10,000 enrolled 2023
- Offshore roustabouts entry wage $45k Gulf Coast
- Gulf Coast unions negotiate 5% wage hikes 2023 contracts
Employment and Labor Interpretation
Energy Production
- In 2022, the U.S. Gulf of Mexico federal offshore oil production reached 1.68 million barrels per day, accounting for 14% of total U.S. crude oil production
- Gulf Coast refineries processed 9.7 million barrels per day of crude oil in 2023, representing 51% of U.S. total refinery capacity
- Natural gas production in the Gulf Coast region (PADD 3) averaged 12.5 billion cubic feet per day in 2022
- Louisiana's Gulf Coast produced 1.2 million barrels of oil per day from state offshore in 2021
- Texas Gulf Coast offshore oil rigs numbered 185 active in Q4 2023
- Gulf of Mexico deepwater oil production hit 1.1 million bpd in 2023, 65% of total GoM output
- Federal Gulf offshore natural gas output was 1.8 tcf in 2022
- Gulf Coast shale gas from Eagle Ford play yielded 6.2 bcfd in 2023
- Haynesville Shale in Gulf Coast produced 14.5 bcfd of gas in 2022
- Gulf Coast LNG export capacity reached 13.5 bcf/d by end-2023 with 5 operational terminals
- In 2023, Gulf Coast PADD 3 crude stocks averaged 250 million barrels
- Gulf Coast ethane production hit 2.1 million bpd in 2022
- Active Gulf offshore leases number 3,800 in federal waters 2023
- Gulf Coast wind energy potential estimated at 100 GW offshore
- Permian Basin pipelines deliver 6.5 million bpd to Gulf Coast
- Gulf Coast hydrogen production capacity 2.5 million tons/year from refineries
- GoM oil discoveries added 2 billion barrels recoverable since 2017
- Gulf Coast CCS projects capture 20 million tons CO2/year by 2025 target
- In Q1 2023, Gulf Coast refinery utilization was 88%, producing 4.2 million bpd gasoline
- Gulf of Mexico rig count 25 active in Jan 2024
- Gulf Coast NGL production 3.8 million bpd 2023 average
- BOEM approved 45 new Gulf leases in 2023 sale
- Gulf Coast solar capacity installed 5 GW by 2023
- Matterhorn field GoM restarts 30,000 bpd 2023
- Gulf Coast battery storage 2 GW operational 2023
- Thunder Horse platform GoM peaks 250,000 boe/d
- Gulf Coast biofuels production 150,000 bpd ethanol equivalent
Energy Production Interpretation
Maritime and Ports
- Port of Houston handled 281 million tons of cargo in FY2022, world's top petrochemical export port
- Port of South Louisiana moved 248 million short tons in 2022, largest U.S. tonnage port
- Gulf Coast ports exported $170 billion in petroleum products in 2022
- Corpus Christi Port LNG exports totaled 1.8 bcf/d in 2023
- Gulf Intracoastal Waterway carries 400 million tons annually
- New Orleans Port container throughput was 510,000 TEUs in 2022
- Gulf Coast ship channel dredging maintains 45-foot depth for supertankers
- Plaquemines LNG terminal exports began at 1 bcf/d capacity in Dec 2023
- Gulf Coast bulk cargo handled 1.2 billion tons over 5 years to 2022
- Freeport, TX port petrochemical exports grew 15% to $12B in 2022
- Port of Texas City handles 80 million barrels petroleum products/year
- Gulf Coast tanker traffic 4,500 calls annually pre-2023
- Lake Charles Port LNG throughput 1.2 bcf/d 2023
- Gulf Coast barge traffic moves 12% U.S. energy commodities
- Mobile AL port cargo up 10% to 60 million tons 2022
- Gulf Coast cruise passengers 15 million pre-COVID 2019
- Sabine Pass LNG terminal exported 30 mtpa in 2022
- Gulf Coast container ports handle 8 million TEUs combined yearly
- Panama City FL port grain exports 5 million tons 2022
- Port of Beaumont cargo 90 million tons 2022 petrochemicals heavy
- Gulf Coast VLCC imports 1.5 million bpd crude 2023
- Golden Pass LNG exports start 18 mtpa 2025 capacity
- Gulf Coast RoRo vehicle exports 1.2 million units 2022
- Tampa Port bulk liquids 25 million tons 2022
- Gulf Coast offshore supply vessels fleet 400+
- Cameron LA LNG terminal 12 mtpa under construction
- Gulf Coast sulfur exports 10 million tons 2022
- Pensacola FL port fuels 500 million gallons/year
Maritime and Ports Interpretation
Refining and Petrochemicals
- Gulf Coast (PADD 3) refinery inputs averaged 9.4 million bpd in 2023
- Texas Gulf Coast hosts 32% of U.S. refining capacity at 4.8 million bpd in 2023
- Louisiana refineries produced 185 million barrels of gasoline in 2022
- Gulf Coast ethylene production capacity stands at 22 million tons per year as of 2023
- U.S. Gulf Coast petrochemical plants number over 300, producing $200 billion in products annually
- Port Arthur, TX refinery expansions added 550,000 bpd capacity since 2020
- Gulf Coast methanol production hit 4.5 million tons in 2022
- Beaumont, TX hosts the largest U.S. refinery at 635,000 bpd capacity
- Gulf Coast propylene output reached 7.2 million tons/year in 2023
- Over 50% of U.S. polyethylene production is in Gulf Coast at 18 million tons capacity
- Gulf Coast ammonia production 10 million tons annually for fertilizers
- ExxonMobil Baytown refinery produces 1.5 million tons plastics/year
- Gulf Coast benzene capacity 5.5 million tons/year 2023
- Motiva Port Arthur complex outputs 3 million gallons diesel/day
- Gulf Coast PDH plants add 2.5 million tons propylene capacity 2020-2025
- Dow Freeport site produces 2 million tons ethylene/year
- Gulf Coast MTBE production phased out but capacity was 90,000 bpd pre-2006
- Chevron Pascagoula refinery runs at 85% utilization producing jet fuel
- Gulf Coast exports 70% of U.S. plastics to Asia, $40B value 2022
- Gulf Coast PTA production capacity 3 million tons/year for polyester
- LyondellBasell Channelview plant 2 mtpa ethylene cracker
- Gulf Coast cumene capacity 4 million tons 2023
- Valero Three Rivers refinery 95,000 bpd asphalt producer
- Gulf Coast VCM plants output 3.5 million tons PVC feedstock
- Flint Hills Corpus Christi 300,000 bpd with alkylation unit
- Gulf Coast styrene monomer 6 million tons capacity
- Phillips 66 Sweeny refinery hydrogen plant 100 MMSCFD
- Gulf Coast acetic acid production 2.2 million tons/year
Refining and Petrochemicals Interpretation
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