Technology has made performing operations in the oil and gas industries much more seamless during the past few decades. This has motivated many across Louisiana and other states to tap into these reserves for potential financial benefit. Lawmakers have responded in kind by imposing fees and taxes on the extraction, refining and sale of these industries' byproducts.
Currently, 34 states produce their own natural gas. One of the five largest ones is Louisiana. All but Pennsylvania assess a severance tax to the extraction and production of oil and gas resources. Producers in Pennsylvania end up paying impact fees instead. Currently, there are 31 states that produce crude oil.