Energy
OCEANEERING INTERNATIONAL INC., MORGAN CITY
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Low Taxes and Competitive Company Costs

Louisiana’s low-tax environment offers significant operational cost savings for the energy Industry. According to a 50-state analysis by the Tax Foundation and KPMG: Location Matters: The State Tax Costs of Doing Business, Louisiana's tax burden ranks among the top 10 lowest in the nation for new facilities, relocations, and facility expansions for a variety of firm types, including:

  • labor-intensive manufacturing
  • capital-intensive manufacturing
  • research and development facilities
  • corporate headquarters

A location in Louisiana can reduce company costs because of the state’s low industrial electricity rates — 2015 rates averaged approximately 22 percent below the national average.

Louisiana’s industrial natural gas rates are also highly competitive, with the state’s 2015 rates averaging the lowest in the South and approximately 24 percent below the national average.