Professor Omowumi (Wumi) Iledare retired January 3, 2014, after 21 years of service to the Center for Energy Studies. He was professor of petroleum economics and policy research and the director of the Energy Information and Data Division of CES. He was also an adjunct professor of petroleum economics at the Craft & Hawkins Department of Petroleum Engineering at LSU and the University of Ibadan. Professor Iledare was also a visiting professor of petroleum economics at the Institute of Petroleum Studies (IPS) in the University of Port Harcourt, Nigeria, and to the African University of Science and Technology (AUST), Nigeria.
Since retiring from CES, Professor Iledare has served as director of the Emerald Energy Institute for Petroleum,
Energy Economics, Policy and Strategic Studies at the University of Port
Harcourt in Rivers State, Nigeria.
Professor Iledare holds a B.Sc. degree in petroleum engineering with honors from University of Ibadan, Nigeria, an M.S. in energy resources with emphasis on oil and gas economics from the University of Pittsburgh's School of Engineering, and a Ph.D. in mineral economics with emphasis on oil and gas economics from West Virginia University.
Prior to joining the faculty at the LSU Center for Energy Studies, Professor Iledare worked as a petroleum/reservoir engineer for Shell Petroleum Development Company (SPDC) in Nigeria and as a reservoir/production engineer trainee for Mobil Producing Nigeria (MPN). He also worked briefly as an energy specialist with the California Energy Commission, Sacramento. Professor Iledare is a Senior Fellow of the United States Association for Energy Economics (USAEE) and the 2008 USAEE President. Professor Iledare is an outstanding member of the Society of Petroleum Engineers (SPE).
Over the years, Professor Iledare has specialized in global oil and gas industry structure, conduct, and performance analysis; oil and gas exploration and production economics and policy research; the environmental effects of oil and gas exploration and production; taxation and regulation of the oil and gas industry; and refinery and petrochemical economics and policy. He has published several research papers on petroleum economics in conference proceedings of the SPE and USAEE/IAEE and in several trade and academic journals. He has served as a facilitator for workshops on petroleum economics and risk analysis at SPE Conferences organized by SPE Nigeria Council. He has also conducted petroleum economics and policy seminars and workshops organized by international oil and gas companies, national oil and gas companies, and government ministries and agencies for industry professionals, federal legislators, executive officers and professional staff and managers. Recent projects include an empirical analysis of worldwide deepwater prospects with emphasis on the U.S. Gulf of Mexico OCS Region.
Professor Iledare has been a recipient of many awards in recognition of his distinctive services and professional competence in petroleum economics, including the 2008 SPE Regional Award for professional excellence and distinction in management and information; 2007 USAEE Senior Fellow; 2007 SPE Nigeria Council Best Paper Presentation Award; 2004 SPE Nigeria Council recognition award; 2003 USAEE Service Award; President, Association of Nigerian Petroleum Professionals Abroad (ANPPA), 2002-2004; Fifteen-year Service Award, Louisiana State University, 2007; SPE Nigeria Council Distinguish Service Award 2002.
Telephone: (225) 578-4552