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Home > Company Index > Energy > Oil & Gas Exploration & Production > McMoRan Exploration Co.

McMoRan Exploration Co.
NYSE: MMR
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 NEWS FROM THE WIRES
McMoRan Exploration doubles production with 4 new finds
Jul 12 2001 08:19 AM PDT

More WIRE STORIES about this company

 PROFILE
Sulfur no longer has the sweet smell of money for McMoRan Exploration, which is selling its sulfur operations, 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, the company was formed as the result of the 1998 merger of two spinoffs of the former Freeport-McMoran (bought by IMC Global): McMoRan Oil & Gas and Freeport-McMoRan Sulphur. McMoRan Exploration holds major sulfur reserves in its 83%-owned Main Pass mine in the Gulf of Mexico. The company's oil and gas operation has proved reserves of about 56.8 billion cu. ft. of natural gas and 5.5 million barrels of oil and condensate.

 COMPETITION
BP p.l.c. (BP)
Royal Dutch/Shell Group (dossier)
Texaco Inc. (TX)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 201.80
1-Yr. Sales Growth: (17.3)%
Employees: 116
Revenue per employee: $1,739,655.17

 KEY PEOPLE
• Richard C. Adkerson
    CEO
• Nancy D. Parmelee
    CFO

 CONTACT INFO
1615 Poydras St.
New Orleans, LA 70112
US
Phone: 504-582-4000
Fax: 504-582-1639
Online: Web Site

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