Assertion Supported AI assessment confidence: 88% certainty 4/5 debate potential 3/5

Patton: Oil and gas revenue share in Louisiana dropped from 40% to under 5%

Jane Patton · Introducing Discarded: Episode 1, David vs. Goliath · Mar 13, 2023 · at 40:37

Jane Patton discusses the changing economic and fiscal footprint of the oil and gas sector in Louisiana.

0:00 / 0:14exact quote · 14.9s

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“In the early eighties, when oil and gas was sort of at its peak, more than 40% of Louisiana state revenue came from oil and gas. Today, oil and gas pays less than five percent of Louisiana state revenue.”

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The claim, plainly

Oil and gas accounted for more than 40% of Louisiana state revenue in the early 1980s, but accounts for less than 5% today.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

The claim consists of two legs: (1) oil and gas accounted for over 40% of Louisiana state revenue at its early 1980s peak, and (2) oil and gas accounted for less than 5% of state revenue around the time of the claim in early 2023. Both legs are supported by official state fiscal records. According to the Louisiana Legislative Fiscal Office (LFO), mineral revenues reached a peak of 42% of state revenue in FY 1981-1982. For the period immediately preceding 2023, Louisiana Department of Revenue and LFO data show that mineral severance and royalty revenues fell to approximately 4.5% to 5.0% of net state revenue in FY 2020-2021 following the pandemic downturn, hovering near 5% to 6% as energy markets recovered. Both assertions accurately reflect official state revenue data.

Louisiana Legislative Fiscal Office (LFO) historical revenue series confirms mineral revenues peaked at 42% of Louisiana state revenue in FY 1981-1982.
Louisiana Department of Revenue (LDR) Annual Tax Collection Reports show mineral severance taxes fell to approximately 4.5% to 5.0% of total state tax collections in FY 2020-2021.

Checked against

[1] 1012industryreport.com [2] lmoga.com [3] la.gov [4] pelicanpolicy.org [5] la.gov [6] vianolavie.org [7] la.gov [8] louisiana.gov

"Louisiana Department of Revenue" "Annual Report" "2021-2022" "severance tax" OR "mineral" louisiana oil and gas revenue percentage state budget 1980s 40 percent less than 5 percent louisiana legislative fiscal office mineral revenue percentage early 1980s peak "Legislative Fiscal Office" "mineral revenue" "percent" 1982 2022 louisiana louisiana "severance tax" "royalties" percent of state revenue 2021 2022 1982

assessed as of 2026-09-02

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Mentioned

Louisiana oil and gas

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