Fourchon’s fate rests on OCS legislation, deepwater growth
David Paganie
As many of you know, I had announced my intention to retire at the end of 2006. After 28 years as port director, it was a decision I was very comfortable with at the time. During the nine month period from my announcement, several things occurred that have caused me to reconsider my retirement. One major factor in my decision to remain was the outpour of requests from very diverse interests which included individuals, businesses, environmental groups and political leaders, to stay on longer. Another major factor was the unprecedented passage of Federal Outer Continental Shelf Revenue Sharing with states that support this production. This is an issue that I have worked on for over a decade and feel that over the next three years the details of this critical source of funding will unfold. I feel I have the experience and certainly the interest to be actively involved in how this program will impact Louisiana. Although major funding will not arrive until the year 2017 and beyond, this funding will offer Louisiana an opportunity to conduct meaningful coastal restoration and hurricane protection as well as provide funding for highways that support critical energy infrastructure, like LA1. I have executed a new three-year contract with the port commission to remain its executive director. I look forward to facing the many challenges and opportunities that are on the horizon.
Ted M. Falgout,
executive director,
Port Fourchon
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Volume 67 Issue 3
March 2007
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