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The early 1960s proved very successful for LL&E. In addition to Texaco, which was still its major leaseholder, LL&E secured royalty agreements with Phillips Petroleum Co., Stanolind Oil & Gas Co., Alder Oil Co., and Plymouth Oil Co., among others. Through the 1930s and 1940s, LL&E collected royalties on oil and minerals extracted from the land it owned and controlled. frozen kasha varnishkes. Timber companies are a great place to start and many have websites with searchable lists. 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. . LL&E reported 1986 losses of $20.6 million. Land for lease in Louisiana Acreage for lease 29 acres Average listing age 376 days Average lease rate $2,800 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. As if to bear out this description, LL&Es mining operation lost $7.8 million in 1977 and $6.6 million in 1978. This criticism was borne out in December of that year when Lloxy paid $60 million for Gulf leases covering land under 300 feet of water. 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. Texaco released the fee lands belonging to the company not located on or near the domes or structures which were then being operated by Texaco. Privacy Policy. 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. 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. 45% of The Louisiana Land and Exploration Company LLC employees are women, while 55% are men. 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. To do this, he committed major amounts of capital to new exploration initiatives. The ventures finances faltered and in time there were foreclosures. The contract would remain in effect for as long as Texaco continued to drill on the acreage. In southeast Louisiana, hunting, trapping and fishing are time-honored occupations for many residents. The Drillings accepts no liability for the content of this data, or for the consequences of any actions taken on the basis of the information provided. 909 Poydras StreetP.O. Surface Exploration, Mining, and Reclamation of Lands 25 CFR 216; Oil and Gas, Geothermal, and Solid Minerals Agreements 25 CFR Part 225. Therefore, that information is unavailable for most Encyclopedia.com content. The Louisiana Land and Exploration Company (LL&E) is one of the largest independent oil and gas exploration companies in the United States. And they paid us a $4 million bonus on the lease!". In the early 1980s, industry economics changed LL&E's fortunes. A hunting lease agreement is a legal document between a land or property owner and a hunter seeking the right to hunt on his/her private property. 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. Telephone: (832) 636-1000 LL&E enjoyed a good exploration year in 1990. 1966: Congdon's grandson, Thomas E. Congdon, is named president and launches a diversification effort. Lease handled by the Bureau of Land Management are not mapped by latitude and longitude, instead, these leases harken back to the Public Land Survey System. Easy access, plenty of Deer. 2) . Search for owners by first name, last name, company, location, etc. (800) 351-1242Fax: (504) 566-6891, Public Company Incorporated: 1926 as Border Research CorporationSales: $825.3 millionEmployees: 763Stock Exchanges: New York Toronto London Basel Geneva ZurichSICs: 1311 Crude Petroleum & Natural Gas; 2911 Petroleum Refining. I couldnt be more pleased. Through the partnership with Ducks Unlimited (DU), the company has provided over $10 million as seed money for over 20 projects, and provided free access, rights-of-way, and support through our Coastal Wetlands office in Houma for DU-led projects. https://www.encyclopedia.com/books/politics-and-business-magazines/louisiana-land-and-exploration-company. (February 23, 2023). In June, a federal judge in Louisiana agreed with the states and found that the government hadn't taken the required steps to pause new leases. estate operation, and coal, gold, and copper mines. And profit sharing on top of the royalty was unheard of.. 200 to 227.3, which include pertinent sections such as: . In 1988 crude prices fell by more than $3 a barrel and newly named CEO and chairman H. Leyton Steward was forced to take an $81.8 million restructuring charge and a $33.3 million loss. During the 1950s, CEO Robert M. Youngs began investing in working interest wells. age 17 and under) who are hunting game animals besides deer or turkey or are spectators of another person hunting. Much of the land was eventually taken over by a group of midwesterners led by Henry Timken, who owned an Ohio ball bearing company. gas exploration companies in the United States. It soon became apparent that the land owned by Louisiana Land and Exploration, as the company was renamed in 1927, was rich in petroleum resources. State Operating Agreement Files. Foreign reserves are located in the U.K. and Dutch sectors of the North Sea, Canada, and Columbia. LandLeaseExchange.com has allowed me to do my job more efficiently. In 1989 the Department of Interior recognized this effort and awarded LL&E its Conservation Award for Respecting the Environment. Oil and Gas lease entities located near Louisiana Land & Exploration Co.. However, the date of retrieval is often important. And profit sharing on top of the royalty was unheard of.". The data and maps may not be used to determine title, ownership, legal descriptions or boundaries, legal jurisdiction, or restrictions that may be in place on either public or private land. Lifetime, Disability, Military, and Student, Duck, Goose, Teal, Rail, Gallinule, and Snipe, Crow, Blackbird, Cowbird, Grackle, and Pheasant, Beaver, Bobcat, Coyote, Fox (Gray and Red), Mink, Muskrat, Nutria, Opossum, River Otter, Raccoon, and Skunk, Saltwater and Freshwater Finfish and Shellfish, Reptiles and Amphibians, Sampling, Tagging, Assessments, Other Research, and Lab. LL&E traces its roots to the 19th century, when midwestern businessman Edward Wisner moved to Louisiana for his health. We receive lots of emails from people who find their name or a relatives name on our site and want to know if this means they have some right to the land listed under that name. 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. The companys longstanding partnership with Ducks Unlimited focuses on finding innovative solutions to coastal restoration. Home to the largest migratory elk herd in the country, Montana Hunting Ranches for sale provide unrivaled hunting opportunities on private land. Detailed descriptions of properties available for exploration can be obtained by contacting Rathborne Vice President Gregory C. Lier at (504) 368-6355 or by e-mail. The company had few employees and operators shouldered the major expenses of exploration and development. Through its subsidiary, the Louisiana Land and Exploration Company LLC (LL&E), the company owns approximately 636,000 acres of predominantly wetlands across eight parishes, spanning 120 miles west to east and 85 miles north to south. Both are part of the PLSS measurement system but have different uses. A large portion of our property is within the state of Louisianas master plan. Quick Facts Louisiana Land & Exploration Co. is a corporation entity Named as a lessee in the listed leases Louisiana Land & Exploration Co. is listed with 11 total leases 8 leases are authorized This criticism was borne out in December of that year when Lloxy paid $60 million for Gulf leases covering land under 300 feet of water. A 1915 hurricane destroyed many of the levees that Wisner had constructed. 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. LandLeaseExchange.com provides polished, professional and turnkey access to a wide market. These moves strengthened LL&E's overall position, but plunging oil prices and the Copper Range charge took their toll. On November 7, 1938, LL&E and Texaco amended their contract. LDWF mails annual rental notices to lessees at least 30 days in advance of the due date . This released acreage amounted to approximately 557,000 acres. - Brian Anderson Owner of Escondido Ranch, Flagler County, FL. ace flare mobile check deposit time . Updated July 11, 2022. This gives the hunter broad or limited rights to hunt the wildlife that lives or trespasses on the landowner's property. We specialize in selling hunting land, timber land, farms, & ranches. Weiner, Jack B., Look at Louisiana Land! Duns Review, October 1965; The 1983 Battle of New Orleans, Business Week, May 16, 1983; Reier, Sharon, Unlikely Champion, Financial World, January 23, 1990. learn how over 7,000 companies got started! As LL&E operations grew, both sales and revenues increased. It soon became apparent that the land owned by Louisiana Land and Exploration, as the company was renamed in 1927, was rich in petroleum resources. 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. After winning the proxy fight in 1983, Phillips sold LL&Es coal properties and bought back 71 million shares for $212.8 million.