Before those leases could take effect, a federal judge invalidated the entire sale Thursday, delivering a victory to environmentalists. 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 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. Public C, 1185 Avenue of the Americas - Mallory Lykes Dimmitt, Strategic Development and Business Relations, Lykes Bros. Inc. As on previous occasions, LL&E's involvement was a financial one. I couldnt be more pleased. We specialize in selling hunting land, timber land, farms, & ranches. louisiana land and exploration hunting lease. 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. The Drillings is a resource for locating where oil and gas leases are and have been. The order also blocks the approval of new mining plans, land sales or exchanges and the hiring of senior-level staff at the agency. This released acreage amounted to approximately 557,000 acres. Please call our land agents to discuss how they can help you buy or sell land. And they paid us a $4 million bonus on the lease!. I also appreciated the flexibility and freedom this type of venue could provide to those seeking an authentic experience at a working ranch. Louisiana Land & Exploration Co. is a corporation lessee based in New Orleans, Louisiana for 11 oil and gas leases8 are authorized and 2 are closed. This license is in lieu of Basic and Saltwater Fishing Licenses; Basic, Deer, Waterfowl, and Turkey Hunting Licenses; and the WMA Access Permit. Much of the land was eventually taken over by a group of midwesterners led by Henry Timken, who owned an Ohio ball bearing company. Construction began on a new catalytic reformer that would provide more highly valued refined products. 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. But while business was very good in the late 1970s there were doubts about LL&Es future. Other examples of LL&Es long history of restoration include: As a landowner, we are uniquely positioned to evaluate and support sustainable solutions. These moves strengthened LL&E's overall position, but plunging oil prices and the Copper Range charge took their toll. It was a very unusual contract for 1928, LL&E president Ford Graham told Duns Review in 1965. During the 1960s, CEO Fred Graham began a process of diversification that would eventually include a Hawaiian resort, a coastal industrial real estate operation, and coal, gold, and copper mines. An immature alligator basks along the banks of Lake Hatch. In 1971 revenues from working interests exceeded those from royalty interests for the first time. ." Discover petroleum exploration activity in your area and find new regions of opportunity. 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. Licenses are available at special rates for seniors, military, students, and people with disabilities. For Lease Located just out of the city limits in Plain Dealing, Louisiana. Outside of Louisiana, Youngs acquired mineral rights and royalty interests on 152,870 acres in Texas, New Mexico, North Dakota, South Dakota, Montana, Colorado, Florida, and Mississippi. In 1981 earnings fell to $145.2 million despite revenues of almost $1,277.5 million. Phillips, meanwhile, continued to diversify. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. In 1980 he formed CLAM Petroleum, a 50 percent owned unconsolidated affiliate through which LL&E would invest $250 million in the U.K. North Seas South Brae Field. For more information, contact Joe Maryman at jmaryman@wlf.la.gov or 225.765.2380. The companys troubles climaxed the following year as investor Dlo Caspary mounted a proxy fight to remove Phillips and the rest of management. As a large land owner, we are constantly looking for additional revenue streams. 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. Louisiana Fishing, Louisiana Hunting, Louisiana Sportsman Magazine, for over 20 years the leading authority on Louisiana Fishing & Hunting, Daily Louisiana Fishing & Hunting Reports, Fishing & Hunting News, Your most complete Louisiana Fishing & Hunting site. May 11, 2022. in hammermill premium cardstock paper, 110 lbs. LA-4315: Location: Near Pearl River, St. Tammany Parish Deer Hunting Area: 4 Turkey Hunting Area: A Lease Area: 598 Acres Camping: Allowed Hogs: Allowed Basic. Given narrow margins, however, LL&E's major interest was in purchasing additional interests in proven properties. In 1955 it reported $13.4 million in profits on sales of $22.4 million. Envisioning farming on a grand scale, Wisner bought hundreds of thousands of acres, built levees, and drained the land. When we have a project we'll go to Houston, rent a computer and run it through. Natural hazards may or may not be depicted on the data and maps, and land users should exercise due caution. Outside of Louisiana, Youngs acquired mineral rights and royalty interests on 152,870 acres in Texas, New Mexico, North Dakota, South Dakota, Montana, Colorado, Florida, and Mississippi. All rights reserved. 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. The Louisiana Land and Exploration Company LLC Overview. Any questions concerning state or state agency exclusive geophysical agreements should be directed to the Division directly, (225) 342-4433. iv. Of the companys 225 million barrels of oil equivalent reserves, nearly 60 percent are garnered from domestic sources. Much of the land was eventually taken over by a group of midwesterners led by Henry Timken, who owned an Ohio ball bearing company. 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. continued profitability. 1966: Congdon's grandson, Thomas E. Congdon, is named president and launches a diversification effort. In addition, in December 1976 LL&E acquired the Warrior River Coal Company, owners of a small surface mine in Tuscaloosa, Alabama. 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. BOX 51810 MIDLAND, TX 79710 Production Dates on File: January 1980 to August 2000 102 Total Wells Map of Wells Associated with Louisiana Land & Exploration Co Production By Month For Louisiana Land & Exploration Co During these years, LL&E did virtually no operating of its oil projects. 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. Additional special licenses are required to hunt, take, possess, or transport deer, turkey, or migratory waterfowl. Timken agreed and in 1926 exchanged his acres for shares in the Border Research Corporation. But while business was very good in the late 1970s there were doubts about LL&E's future. The Copper Range acquisition did not please the financial community. In 1966 he acquired Jacintoport Corporation, an industrial real estate firm with Gulf Coast holdings such as the Houston Ship Channel. Youre a bona fide resident if youve resided in the state of Louisiana continuously during the 6 months immediately prior to the date you apply for any license and if youve established Louisiana as your legal domicile. The Louisiana Land and Exploration Company la HLRBO hunting leases. Murphy Oil Corporation In 1980 he formed CLAM Petroleum, a 50 percent owned unconsolidated affiliate through which LL&E would invest $250 million in the U.K. North Sea's South Brae Field. 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. Updated July 11, 2022. ." In 1986 Williamson rid LL&E of the Copper Range Company--taking a $91 million charge in the process. In 1975 the Kalua Koi Corporation, LL&Es 50-percent-owned Hawaiian operation, began construction on the first phase of a 298-unit hotel condominium complex. 0. louisiana land and exploration hunting lease. LL&E traces its roots to the 19th century, when midwestern businessman Edward Wisner moved to Louisiana for his health. "Our organization," he told Dun's "is the non-rigid, non-army type. Timber companies are a great place to start and many have websites with searchable lists. The contract would remain in effect for as long as Texaco continued to drill on the acreage. In 1965 LL&E had only 145 employees. President Thomas Jefferson, in one of his greatest achievements, more than doubled the size of the United States at a time when . "We pay 25 percent of the cost," Ford Graham enthusiastically told Dun's Review "and get 40 percent of the income. 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. 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. 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. Louisiana Land and Exploration Company (LL&E), and you are a participant in Title VI, additional rules may apply to you. U.S. District Judge Terry. LL&E is a pioneer of water control structure implementation, with installation dating back to the 1950s. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Pro United Country Southern States Realty Pro The venture's finances faltered and in time there were foreclosures. The Office of State Lands, also known as the State Land Office, is responsible for the identification, administration and management of state public lands and water bottoms. In 1960 Youngs signed a second contract with Texaco that subjected 275,625 additional acres to six years of exploration and development. 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. For example, we dont hesitate to use consultants. Joint projects include marsh terracing, freshwater enhancements, marsh creation, and a variety of shoreline protection techniques. New Orleans, Louisiana 70112 Explore the map below to learn more about some of our collaborative restoration projects with a variety of partners that enhance marsh conditions, benefit species and strengthen communities. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. Judge Rudolph Contreras, of the U.S. District Court for the . As a result, LL&E enjoyed low expenses and high profits. In 1974 Jacinport reported $2 million in real estate sales. At years end, he was able to salvage earnings of $76.3 million despite mining operations that sustained a pretax loss of $38 million. Graham worked hard to keep expenses down. Pearl River Deer Lease (4315), Saint Tammany, Louisiana. 2000 Post Oak Boulevard, Suite 100 We are proud to be on the front lines driving habitat-enhancement projects with key partners to promote coastal resiliency and sustainability.. Join our mailing list to get alerts for lease listing updates, new features, and special opportunities. 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