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Fax: (281) 874-3385 In 1960 Youngs signed a second contract with Texaco that subjected 275,625 additional acres to six years of exploration and development. In 1955 it reported $13.4 million in profits on sales of $22.4 million. For example, we dont hesitate to use consultants. Forbes called Copper Range "a company so bad that some analysts wondered whether it was acquired to make Louisiana Land unattractive as a takeover candidate." Pearl River Deer Lease (4315), Saint Tammany, Louisiana. 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. During the 1950s, CEO Robert M. Youngs began investing in working interest wells. . 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. Due to higher prices for refined copper, the mining operation even turned a profit of $9.7 million in 1979. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. 2) . ." 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. In addition, in December 1976 LL&E acquired the Warrior River Coal Company, owners of a small surface mine in Tuscaloosa, Alabama. Get free access to the complete judgment in LOUISIANA LAND EXPLORATION v. TEXACO on CaseMine. LL&E enjoyed a good exploration year in 1990. This figure included $181 million for-215 wells; $64 million for leases in Wyoming, the Gulf of Mexico, Australia, Indonesia, Columbia, and the North Sea; and $286 million for construction at Brae Field, platforms in the Gulf of Mexico, and a tertiary recovery project at Jay Field. Of the company's 225 million barrels of oil equivalent reserves . Fax: (212) 536-8390 2The Louisiana Sportsmans Paradise License includes Basic and Saltwater Fishing Licenses; Basic, Deer, Waterfowl, and Turkey Hunting Licenses; and the WMA Access Permit. In 1981 earnings fell to $145.2 million despite revenues of almost $1,277.5 million. Louisiana is widely considered a sportsman's state, containing numerous areas for hunting, fishing, trapping, and other activities. In 1981 earnings fell to $145.2 million despite revenues of almost $1,277.5 million. A 1915 hurricane destroyed many of the levees that Wisner had constructed. In September 2004, VPSB filed a petition, urging causes of action for negligence, strict liability, unjust enrichment, trespass, breach of contract, and violations of Louisiana environmental laws. New Orleans The Biden administration's suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana who ordered that plans continue for. The Louisiana Purchase of 1803 introduced about 828,000,000 square miles of territory from France into the United States, thereby doubling the size of the young republic. 1984 and 1985: Three marsh managements units containing 20,000 of our acres were permitted for intensive management programs developed in collaboration with Louisiana Soil and Water Conservation Districts. It held working interests but did not actively manage projects. At years end, he was able to salvage earnings of $76.3 million despite mining operations that sustained a pretax loss of $38 million. [3] In 1999, the company acquired Poco Petroleums, gaining properties in the Western Canadian Sedimentary Basin. 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. Earnings recovered in 1989 as oil prices rose while replacement costs remained low. Wisner was struck by swampy southern Louisianas resemblance to the low-lying Netherlands, where industrious farmers had reclaimed millions of acres for farming. In 1975 the Kalua Koi Corporation, LL&E's 50-percent-owned Hawaiian operation, began construction on the first phase of a 298-unit hotel condominium complex. However, the date of retrieval is often important. Through the 1930s and 1940s, LL&E collected royalties on oil and minerals extracted from the land it owned and controlled. Founded as the Border Research company in 1926 and renamed Louisiana Land and Exploration a year later, LL&E, for its first twenty years, essentially collected royalties from fossil fuels extracted from nearly 600,000 acres it controlled in southern Louisiana. The order also blocks the approval of new mining plans, land sales or exchanges and the hiring of senior-level staff at the agency. 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. The Louisiana Land and Exploration Company Address: 909 Poydras Street P.O. LL&E traces its roots to the 19th century, when midwestern businessman Edward Wisner moved to Louisiana for his health. Construction began on a new catalytic reformer that would provide more highly valued refined products. 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. Drew Caputo is an attorney at the environmental organization . International Directory of Company Histories. In Louisiana, oystermen fish public oyster grounds for seed oysters (less than 3 inches) and transplant them to private leases for cultivation and future harvest. In 1930 Texaco also agreed to pay LL&Es $1.8 million funded indebtedness. If you have one or more of these endorsements, you do not have to carry the applicable license or certification card with you as long as you have your drivers license. You will receive a text with a temporary authorization number and an email with the temporary authorization number and a PDF of your licenses, which you can print and/or save to the electronic device you take hunting. Supported by the Hunt family, which boasted a 12.3 percent block of LL&E stock, Caspary attacked LL&Es record since the mid-1970s, pointing to declining earnings, reduced dividends, falling reserves, and the copper acquisition. New Orleans, Louisiana 70112 Deteriorating economic conditions, windfall profits taxes, high dry hole costs, narrower profit margins, and declining demand all pressured earnings. In 1971 revenues from working interests exceeded those from royalty interests for the first time. In 1965 LL&E had only 145 employees. Hunting leases in Central Louisiana are mostly provided by the Dream Hunt Resort. 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. They last between one to three years and tend to be most beneficial to both the owner and the hunter since both sides are invested in the . As the largest owner of environmentally sensitive wetlands in the continental United States, LL&E had long been careful to protect its investment. $1000 - $5000. In 1971 revenues from working interests exceeded those from royalty interests for the first time. The early 1960s proved very successful for LL&E. There are also seems to be a pretty good inventory of deer hunting land available. As LL&E operations grew, both sales and revenues increased. See "Additional Rules for Certain Participants Affected by Mergers or Acquisitions" beginning on page 23 for details. Forbes criticized the offer, charging that the company had waited too long to get into explorations and would be left with expensive deeper water wells. Since the early 1950s, the company has conducted a corporate wetlands conservation program that has evolved to include a diverse set of activities. In 1981 he budgeted a still-record $653 million for exploration and development. Biden suspends oil, gas leases on public lands for 60 days . LL&E traces its roots to the 19th century, when midwestern businessman Edward Wisner moved to Louisiana for his health. Nevertheless, the company budgeted $200 million for capital and exploration and continued to drill in the Gulf of Mexico, Madden Field in Wyoming, the gas-rich Anadarko Basin of Western Oklahoma, the North Sea, southeastern Alberta, and Columbia, where it was garnering positive results from a drilling program begun in 1978. As the company expanded into working interests, it hired geologists, geophysicists, and engineers. This released acreage amounted to approximately 557,000 acres. louisiana land and exploration hunting lease. Continuing to diversify, in 1968 Graham obtained the rights to participate in the resort development of approximately 50,000 acres on the western half of Molokai Island, Hawaiian island previously best known for its leper colony. Seismic Exploration Permits. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/louisiana-land-and-exploration-company. - Baxter Troutman, President of Dark Hammock Legacy Ranch (Highlands County, FL). Both are part of the PLSS measurement system but have different uses. Youth who are spectating (not actively hunting) are not required to have a license. 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. We have a great deal of land that we lease in Florida and Texas. 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. The coastal wetlands are not only vital to the survival of many species of concern, they also provide crucial storm protection for the nation's shipping, seafood, and energy industries. In 1989 the Department of Interior recognized this effort and awarded LL&E its Conservation Award for Respecting the Environment. Stock Exchanges: New York, One Post Oak Central Wisner was struck by swampy southern Louisiana's resemblance to the low-lying Netherlands, where industrious farmers had reclaimed millions of acres for farming. In the contract, which was very generous for its time, Texaco agreed to pay LL&E a 25-percent royalty on production and 8 percent of its net profits on a dome-by-dome basis. Natural hazards may or may not be depicted on the data and maps, and land users should exercise due caution. 1992: The company goes public, and drops . This water control structure promotes effective freshwater flow and combats saltwater intrusion. Timber companies are a great place to start and many have websites with searchable lists. . For example, we don't hesitate to use consultants. Public Compan, Freeport-McMoRan Inc. Contact Owner View Lease. 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. Public Company Property #: 10588 Marshall County, Hunting Lease $14,300 Available Waterfowl Marshall County, 1300 Acres Max Hunters: 7 Good property for a big group of hunters. All youth (age 17 and younger) who are actively harvesting deer or turkey, participating in a lottery hunt, or trapping are required to have a Youth Hunting License. the execution of leases, extension of leases, exploration rights, collection of rentals . In addition to Texaco, which was still its major leaseholder, LL&E secured royalty agreements with Phillips Petroleum Co., Stano-lind Oil & Gas Co., Alder Oil Co., and Plymouth Oil Co., among others. The Louisiana Land and Exploration Company LLC (LL&E) is a wholly owned subsidiary of ConocoPhillips. In 1987 the company began to acquire newly opened low cost leases in the shallow waters of the Gulf of Mexico. The National Fluid Lease Sale System includes information on current and upcoming BLM lease sales. AtLDWF Headquarters at 2000 Quail Drive in Baton Rouge and many, Louisiana drivers license (valid for 6 months or more), Louisiana identification card (issued by the Louisiana Department of Public Safety), If youre registered to vote, youre registered to vote in Louisiana, If youre licensed to drive a motor vehicle, you have a valid Louisiana drivers license, If you own a motor vehicle located within Louisiana, you have a valid Louisiana registration for that vehicle. Browse undefined oil and gas leases held by applicant Louisiana Land & Exploration Co., a corporation entity based in undefined. This platform has allowed us togenerate leads for particular leases being offered by our firm. Between 1978 and 1980 LL&Es sales jumped from $549.4 million to $1.075 billion while earnings increased from $94.8 million to $180.2 million, despite $64 million in 1980 windfall profits taxes. "We pay 25 percent of the cost," Ford Graham enthusiastically told Dun's Review "and get 40 percent of the income. 6/30/2021); So. In addition to the Texaco royalties, which were still significant (of 25 Lake Barre Field wells Texaco completed in 1964, 21 produced oil, two produced gas and only two were dry), LL&E had signed royalty agreements with Union Oil of California, Signal Oil, Amarada Hess, and Humble Oil and Refining. REGIONAL OIL AND GAS LEASE SALES The BLM's lease sales and NEPA process include a 30-day scoping period, 30-day comment period on the environmental assessment and 30-day protest period. For Lease Located just out of the city limits in Plain Dealing, Louisiana. With no more than 4.4 years of proven reserves on hand in 1980, Phillips needed to find new reserves at a reasonable cost if he was to insure the companys 4Only allows you to hunt pen-raised birds on a hunting preserve; in lieu of a Basic Hunting License. For a busy landowner and rancher this was the perfect opportunity for me to advertise the Event Barn and Escondido Ranch. In 1925 speculator Edward Simms approached Timken with an idea for a company that would explore for oil in the almost 600,000 coastal acres Timken then controlled. LDWF mails annual rental notices to lessees at least 30 days in advance of the due date . These diversification adventures were possible in part because of high profits in the oil industry. The Louisiana Land and Exploration Company (LL&E) is one of the largest independent oil and gas exploration companies in the United States. 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&Es land and leased interests in Louisianas Terebonne Parish. As the company expanded into working interests, it hired geologists, geophysicists, and engineers. Encyclopedia.com. 12 miles from Bradley, Arkansas, 21 miles from Springhill, Louisiana. Coastal Wetlands Patrol Josh Soileau and Jeff Bacon refresh property signs to maintain boundary lines and preserve company assets. And when we're finished we don't own the computer or have the people on our permanent payroll. License and Permit Types and Fees 1 Any resident age 60 or older must instead have a Senior Hunting/Fishing License. Web site: htt, 1201 Lake Robbins Dr. Sales: $1.69 billion (1998) Search for owners by first name, last name, company, location, etc. He was 94. Surface Exploration, Mining, and Reclamation of Lands 25 CFR 216; Oil and Gas, Geothermal, and Solid Minerals Agreements 25 CFR Part 225. To do this, he committed major amounts of capital to new exploration initiatives. The following June a wholly owned subsidiary of LL&E, the Sun Fire Coal Company, began to develop an underground mine near Hazard, Kentucky. Under the agreement, LL&E retained a 25 percent working interest and a 20 percent royalty in Texaco's share of production. https://www.encyclopedia.com/books/politics-and-business-magazines/louisiana-land-and-exploration-company. LandLeaseExchange.com has provided exposure for our ranch that we cant find elsewhere. Graham worked hard to keep expenses down. It replaced 203 percent of expended reserves, adding 55 million equivalent barrels of oil and natural gas, 46 percent of which came from the East Brae Field. To make matters worse, copper revenues declined and precious metals margins shrank. As a large land owner, we are constantly looking for additional revenue streams. Due to higher prices for refined copper, the mining operation even turned a profit of $9.7 million in 1979. The following June a wholly owned subsidiary of LL&E, the Sun Fire Coal Company, began to develop an underground mine near Hazard, Kentucky. In the early 1970s, however, its Louisiana reserves began their natural decline. That year the company also saw initial returns from both the tertiary recovery project at Jay Field and the "A" platform of the Brae Field in the North Sea. At year's end, he was able to salvage earnings of $76.3 million despite mining operations that sustained a pretax loss of $38 million. In 1943, for instance, LL&E employed only 24 people, yet earned $1.8 million on sales of $3.4 million. State Operating Agreement Files. These could be different entities opperating out of the same locationlike a shared office space, PO Box, or family homeor one entity with multiple lease ID numbers. And they paid us a $4 million bonus on the lease!. The energy waves can be produced by explosives detonated below the ground, air guns that emit a . It also includes all legal gear privileges. Casparys charges had some legitimacy. With no more than 4.4 years of proven reserves on hand in 1980, Phillips needed to find new reserves at a reasonable cost if he was to insure the company's continued profitability. Therefore, that information is unavailable for most Encyclopedia.com content. Search thousands of private hunting leases on HLRBO. They are obtained from the state and county goverment agency where we obtain our data. If you lease your land to a company for oil and gas exploration, you'll be dealing with that company for years to come. Hunters must have licenses (or license numbers) and a physical form of identification on their person while hunting. Forbes later criticized the Jacintoport purchase, maintaining that LL&E had gotten into industrial real estate, just at the time when the play was going out of it along the Gulf Coast.. 1956: All activities on company property by lessees and contractors are controlled by LL&E to ensure protection of the wetlands. Through the 1930s and 1940s, LL&E collected royalties on oil and minerals extracted from the land it owned and controlled. la HLRBO hunting leases. All rights reserved Business Week called Louisiana Land's record "dismal" and noted that despite spending $1.4 billion over the previous four years Phillips had failed to increase oil and gas reserves. The Louisiana Land and Exploration Company (LL&E) is one of the largest independent oil and gas exploration companies in the United States.