| Business Summary | | McMoRan
Exploration
Co.
engages
in
the
exploration,
development
and
production
of
oil
and
gas
offshore
in
the
Gulf
of
Mexico
and
onshore
in
the
Gulf
Coast
region.
The
Company
conducts
oil
and
gas
exploration,
development
and
production
operations
principally
in
the
Gulf
of
Mexico
and
the
Gulf
Coast
region.
As
of
December
31,
2000,
the
Company
owned
or
controlled
interests
in
158
oil
and
gas
leases
in
the
Gulf
of
Mexico
and
onshore
Louisiana
and
Texas
covering
approximately
670,000
gross
acres.
The
Company's
sulphur
operations
primarily
involve
the
purchase
and
resale
of
sulphur
recovered
as
a
by-product
of
hydrocarbon
refining
and
processing,
as
well
as
handling
and
transportation
of
sulphur.
The
Company
is
in
the
process
of
exiting
active
participation
in
the
sulphur
business,
which
is
involved
in
the
purchasing,
transporting,
terminaling,
processing
and
marketing
of
sulphur. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | McMoRan
Exploration
Co.
is
engaged
in
the
exploration,
development
and
production
of
oil
and
gas
offshore
in
the
Gulf
of
Mexico
and
onshore
in
the
Gulf
Coast
region.
For
the
six
months
ended
6/30/01,
revenues
fell
29%
to
$75
million.
Net
loss
fell
59%
to
$63.8
million.
Results
reflect
lower
sulphur
revenues
due
to
reduced
demand
in
the
phosphate
fertilizer
industry,
offset
by
the
absence
of
$72
million
in
non-cash
write-offs
and
reclamation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Richard Adkerson, 53 Co-Chairman,
Pres and CEO | $280K | $5.1K | James Moffett, 61 Co-Chairman | 287K | -- | Nancy Parmelee, 48 Sr.
VP, CFO, Sec. | 212K | -- | C. Howard Murrish, 59 Exec.
VP | 602K | -- | Theodore Fowler, 48 Sr.
VP | -- | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|