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Balance Sheet Cash Flow Statement 1615 Poydras St. New Orleans, LA 70112 LA Tel. 504-582-4000 Fax 504-582-1662 |
Type: Public
On the web:
http://www.mcmoran.com
Employees:
140
Employee growth: 27.3%
It's oil and gas, not sulfur, that has the sweet smell of money for McMoRan Exploration. The company sold its sulfur operations in 2002, citing low sulfur prices, in order to focus on the exploration and production of oil and natural gas. Operating in the Gulf of Mexico and on the Gulf Coast, McMoRan Exploration has proved reserves of about 245.6 billion cu. ft. of natural gas and 19.7 million barrels of oil and condensate. The company owns or has stakes in 600 oil and gas leases in the Gulf of Mexico and onshore Louisiana and Texas covering about 1.5 million gross acres. McMoRan Exploration is also seeking to transform its Main Pass sulfur facilities into a liquefied natural gas terminal.
Key numbers for fiscal year ending December, 2008:
Sales: $1,072.5M
One year growth: 122.9%
Net income: ($216.7)M
Officers:
Co-Chairman: Richard C. Adkerson
Co-Chairman: James R. (Jim Bob) Moffett
President and CEO: Glenn A. Kleinert
Competitors:
Chevron
Forest Oil
Royal Dutch Shell




