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  September 5, 2001
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Home > Company Index > Financial Services > Royalty Trusts > Freeport-McMoRan Oil and Gas Royalty Trust

Freeport-McMoRan Oil and Gas Royalty Trust
OTC: FMOLS
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 PROFILE
Freeport-McMoRan Oil and Gas Royalty Trust is running out of gas. And oil. And royalties. The company is a royalty trust formed to receive and distribute oil and gas royalties from a partnership created by Freeport-McMoRan (now part of IMC Global) in 1983. The trust's three remaining oil- and gas-producing properties are located off the coast of Louisiana and Texas. The current trust requires termination when royalties received are less than $3 million during three successive years (there have been no royalties at all since 1995), but a shareholder proposal extended the life of the trust until the end of 2000. It must now sell its interest in the partnership, or the partnership must sell its royalty rights.

 COMPETITION
Cross Timbers Royalty Trust (CRT)
LL&E Royalty Trust (LRT)
Toreador Resources Corporation (TRGL)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.00

 KEY PEOPLE
• Michael Ulrich
    CEO
• Michael Ulrich
    CFO

 CONTACT INFO
700 Lavaca St.
Austin, TX 78701
US
Phone: 512-479-2562
Fax: 512-479-2553

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