The Louisiana Oilfield Restoration Association d/b/a LORA Financial Security (“LORA”) was a private company that provided financial security to Louisiana oil and gas well operators.  Significantly, LORA used a considerable portion of the fees it collected from this business to plug orphaned wells in Louisiana using private dollars.  LORA did not receive or use state or public funds.

 

LORA permanently ceased all operations on May 2, 2025, following the Department of Conservation and Energy's termination of its contract. That termination ended all of LORA's financial security operations as well as its orphaned well plugging program.

 

LORA is proud of the work that it accomplished and the positive impact that it had on its clients and the people of this State.