Louisiana had its first successful oil well on land, in a rice field in Jennings, Louisiana. Called the Heywood #1 Jules Clement well, this precipitated an oil boom in the Louisiana which would birth Josh Jambon generations later.
By the end of 1905, more than 6,000,000 barrels of petroleum (from the Light Sweet which is Louisiana crude) had been produced. The first long distance pipeline was finished in 1910 from Caddo Lake to an early refinery in Baton Rouge. Geophysical techniques emerged much later, techniques which changed Gulf Coast oil exploration forever by showing how oil is trapped underground.
The innovation of the Hughes rotary drilling bit changed the speed and effectiveness of oil drilling forever by making it possible for micro-paleontologists to study the fossil remains of drilling depths to discover their ages and makeup, thus revealing the possible presence of hydrocarbons. Seismic exploration began in 1923, allowing geologists to study the earth’s depths both onshore and offshore. Thus, the first over-water drilling rig was established on a barge on Caddo Lake near Shreveport, Louisiana.
The offshore oil and gas industry supported today by the fleet of Jambon Marine Service vessels is now a worldwide phenomenon. Josh Jambon is a successful businessman in an industry which accounts for 25% of the state revenues of Louisiana, around $1.2 billion.
The oil and gas industry employs more than 116,000 people, who earn 12% of the total wages paid in Louisiana. The largest oil refinery on the North American continent is the Exxon refinery in Baton Rouge, Louisiana.
The cost of the gasoline refined from a barrel of crude is made up of the cost of exploration, drilling, pumping and refining, as well as the taxes and expenses associated with it.
One of those expenses are the costs Jambon accrues through his business of supplying the offshore service vessels which work tirelessly to keep offshore oil and gas exploration and drilling providing the energy and jobs which drive Louisiana and the nation.