Hours of Operation. And when we're finished we don't own the computer or have the people on our permanent payroll. The major portion of the Company's operations are in the continental United States, the federal offshore area in the Gulf of Mexico, the North Sea, Colombia and Indonesia. It insisted that drillers bury pipe so as to not disrupt grasses or aquatic life, and it constructed pumps and water control structures to prevent erosion or saltwater intrusion. In the 1950s, CEO Robert M. Youngs began to guide LL&E into other exploration, both on its own lands and on land it leased in other U.S. areas of production. In 1960 Youngs signed a second contract with Texaco that subjected 275,625 additional acres to six years of exploration and development. Court of Appeal of Louisiana, First Circuit. The company's troubles climaxed the following year as investor Delo Caspary mounted a proxy fight to remove Phillips and the rest of management. In the early 1980s, industry economics changed LL&E's fortunes. Responding to these problems, Phillips curtailed and then suspended copper mining, reduced staff, eliminated high-risk exploration ventures, cut back on capital expenditures, and in November reduced the cash dividend. Seeking new profit sources and seeing links between fossil fuels and mineral extraction, Phillips laid out $51 million for the Copper Range Company in May 1977. Delo H. Caspary, alleging a proper purpose, namely, the desire to solicit proxies in order to achieve a change in management of a corporation of which he is a shareholder, and with whose operations he is dissatisfied, has sought to obtain access to the stock ledger of the Louisiana Land and Exploration Company, a Maryland corporation. The Louisiana Land and Exploration Company LLC has 5 total employees across all of its locations and generates $422,091 in sales (USD). Management trumped Caspary, however, when it pledged to spin off to stockholders a tax-sheltered royalty trust holding oil and gas properties that generated $30 million a year. To make up for this, LL&E participated in additional working interest wells and in 1970 discovered a major reserve estimated at 720 million barrels of oil in the Jay Field in Santa Rosa, Florida. on writ of certiorari to the court of appeal, third circuit, parish of ⦠Contact Us; Name. The attempt failed and management's slate was elected at the Company's annual meeting held in May 1983. As if to bear out this description, LL&E's mining operation lost $7.8 million in 1977 and $6.6 million in 1978. LL&E enjoyed a good exploration year in 1990. Phillips, meanwhile, continued to diversify. The same year he paid $486 million for Inexco Oil Co., an oil company with reserves that included 9.9 million barrels of liquids and 392.7 million cubic feet of domestic natural gas reserves. Emerald Energy & Exploration Land Company offers the next generation of land service professionals specializing in right of way acquisition throughout the Continental United States. The Louisiana Land And Exploration Company (Withdrew 8/8/89) is a Georgia Foreign Profit Corporation filed On January 2, 1981. The Copper Range Company owned a copper mine in White Pines, Michigan; refined and fabricated copper bars, strips, plates, and sheets; owned 185 thousand acres of mixed hardwood timber; enjoyed extensive mineral rights in upper Michigan; and owned a one-half interest in a Nevada gold mine. About Us. In February of 1991, LL&E contracted with Gulf Island Fabrication for the construction, load-out, and tie-down of an offshore facility. And they paid us a $4 million bonus on the lease!". Through our subsidiary, The Louisiana Land and Exploration Company, LLC (LL&E), we are the largest private wetlands owner in the state, with about 636,000 acres extending 120 miles from the Atchafalaya Basin in the west to the Mississippi River in the east, and from the New Orleans area down to the Gulf of Mexico. In 1982 matters continued to deteriorate as a recession caused a downturn in prices for liquids, lower demand and prices for copper, a halving of refinery margins, and reduced demand for natural gas. Wolf Exploration Company shall, as to such leases, be entitled to the same overriding royalty, provided for hereinabove in paragraphs 1.1.1 through 1.1.5. Costs were low at $3.23 per barrel and by year's end, LL&E's reserve life index stood at 8.4 years, nearly double that of 1980. Moreover, because of varied corporate exploration philosophies and changes in drilling and seismic forecasting techniques, LL&E was constantly leasing and re-leasing the same acreage to different operators. Headquartered in New Orleans, it operates a crude oil refinery near Mobile, Alabama, and conducts exploration and production operations in the United States and selected foreign countries. In 1981 earnings fell to $145.2 million despite revenues of almost $1,277.5 million. LL&E reported 1986 losses of $20.6 million. Gulf ⦠Burlington Resources Inc. said it will acquire Louisiana Land & Exploration Co. in a $3-billion stock deal that would form one of the nation's biggest independent oil and natural gas companies. Paradise Papers - Appleby Officer: The Louisiana Land and Exploration Company LLC. 3rd Cir., 6/29/10) (unpublished), Vol. Petition / H H HILLYER / 1978 / 78-687 / 439 U.S. 1127 / 99 S.Ct. Our foundation is built on traditional values of honesty and respect to clients and property owners. In March of 1993, Louisiana Land and Exploration Company (LL & E) obtained the requisite permits for the drilling of Fee # 12 Well and the excavation of the well slip from the United States Army Corps of Engineers, the State of Louisiana and Plaquemines Parish. The Registered Agent on file for this company is Corporation Service Company and is located at 5760 I-55 North, Suite 150, Jackson, MS 39211. This page represents an aggregation of wells ( and leases where applicable ) to provide a more complete view when looking at oil and gas properties in the U.S. Louisiana Land & Exploration Co. entered into two contracts in connection with its efforts to drill for oil off of the gulf coast. Nicely engraved antique stock certificate from the Louisiana Land and Exploration Company dating back to the 1960's. The Louisiana Land and Exploration Company (LL&E) is one of the largest independent oil and gas exploration companies in the United States. 89-1302, 89-1303. In 1971 revenues from working interests exceeded those from royalty interests for the first time. In February 1943, President E. B. Tracy signed a contract with Duval Texas Sulfur Co. that gave that company sulfur exploration, development, and production rights on LL&E's land and leased interests in Louisiana's Terebonne Parish. This released acreage amounted to approximately 557,000 acres. Louisiana Land and Exploration Company, LLC et al Doc. St. James Press, 1993. Claim this listing for free. The Louisiana Land and Exploration Company filed as a Foreign For-Profit Corporation in the State of Texas and is no longer active. The company continued to look for new sources of oil and in October 1972 newly named CEO John G. Phillips announced a $75 million offering to finance a new subsidiary, Louisiana Land Offshore Exploration Co. (Lloxy), that would explore for oil and gas in the Gulf of Mexico. The Louisiana Land and Exploration Company explores for, develops and produces petroleum natural gas resources. Lease # Lease Name Location # 1424: LL&E TOO #1 STATE(12-16) Richland ⦠2. Industry: Crude Petroleum/Natural Gas Production. the louisiana land and exploration company, et al. Reviews Write Review. All the land involved is marshland. In exchange for this, Texaco would retain one-half of the royalties and profits payable to LL&E up to the amount of $800,000. It also sought to expand riskier but potentially more lucrative foreign exploration. These moves strengthened LL&E's overall position, but plunging oil prices and the Copper Range charge took their toll. Company profile page for Louisiana Land & Exploration Co LLC/The including stock price, company news, press releases, executives, board members, and contact information Steward announced that LL&E would sell nonstrategic oil and gas properties and use the proceeds to repay long-term debt and repurchase up to 10 percent of outstanding stock. Headquartered in New Orleans, it operates a crude oil refinery near Mobile, Alabama, and conducts exploration and production operations in the United States and selected foreign countries. Headquartered in New Orleans, it operates a crude oil refinery near Mobile, Alabama, and conducts exploration and production operations in the United States and selected foreign countries.
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