The south Louisiana oil and gas industry needs to attract lots of capital from investors to access fossil fuels over 15,000 feet deep and provide some hope for the future, an exploration executive says.
Jim Orth, president, director and co-founder of ORX Resources in New Orleans, was guest speaker during Tuesday’s meeting of the Atchafalaya Chapter of the American Petroleum Institute. The meeting was held at the Petroleum Club of Morgan City.
ORX is an operating and producing company for oil and natural gas.
Since 1901, nearly 90,000 onshore wells have been drilled across south Louisiana, producing 30 billion barrels of oil.
Of the ...