Natural gas is easily Florida’s main source of energy, offering up more than 1,300 Trillion Btu per year and comprising about 62% of Florida’s power generation. Florida is unique, however, in that power generation accounts for nearly 90% of the state’s total natural gas demand, while the national average is only 33%.
Not surprisingly though, solar power has been on the rise in the state, which sees more sunlight on average than nearly every other state in the continental US. With its large population, Florida is one of the five largest energy-consuming states, while also being one of the largest producers of electricity in the country, second only to Texas.
With so much energy consumption, as well as production, its no wonder why Florida is seen by many as one of the best opportunities for energy, oil, and gas investment. While the opportunity may be vast, accessing the actual raw materials within the state may often times prove difficult. This is due to the fact that many oil and mineral producing lands in Florida are not zoned for drilling or mining. Business owners and investors may also face issues with oil and gas facility site selection, title and abstraction work, wellhead development, upstream, midstream and downstream oil and natural gas services, gathering and transmission issues, and the formation of collaborative business entities for the exploration and operation of oil and gasfields.
The attorneys at Loshak Leach LLP have unique experience in the oil and gas industry that enables us to offer our clients comprehensive representation in both the transactional and operational aspects of the industry. We’re able to offer a suite of services that simplify the process and guide our clients every step of the way.