CL&F is an independent oil and gas producer comprised of an affiliated group of privately-owned entities that own and operate oil and gas properties and actively engage in the acquisition, exploration and production of oil and gas along the Gulf Coast, Gulf of Mexico and within the interior basins of the United States.

As a working interest partner, CL&F Resources LP, CL&F Operating LLC, and CL&F Offshore LLC actively pursue new investment opportunities and seek to acquire or participate in exploratory joint venture projects and prospects in these areas.

Philosophy

CL&F seeks to create value and generate acceptable returns on invested capital through working interest investments in moderate-risk exploratory prospects and acquisitions of productive oil and gas properties. CL&F has enjoyed a long history of success in oil and gas investment activities. This success is largely due to its consistent and disciplined approach to evaluating potential new working interest investments.

Values

We are committed to a fundamental set of overriding principles that are the foundation of every decision and action.

Stewardship

We take very seriously the trust bestowed by our owners that we (i) consistently generate acceptable investment returns over the long-term; and (ii) maximize the value that can be extracted from CL&F’s fee land, while preserving and protecting the CL&F legacy, including its accumulated wealth and the surface of the fee land.

Relationships

Our historical and future investment success has been, and will be, due in large part to the relationships we have created and will continue to create with our partners, with our vendors and with our employees and owners. We seek out mutually beneficial relationships with reputable organizations that respect our core values and investment philosophy.

Character

Our dealings with others are defined by the character we demonstrate in all that we do. We conduct ourselves professionally and with integrity, communicating directly and honestly and in a manner that is consistent with prevailing agreements and compliant with any and all laws and regulations. We strive to maintain a work environment that fosters initiative, productivity, efficiency, entrepreneurship and accountability.

Fee Land

CL&F owns fee title to a 127,000 acre contiguous tract of freshwater marsh located in Terrebonne Parish, LA, approximately 60 miles southwest of New Orleans, most of which is located geologically within the prolific Houma Embayment.

The property began generating revenues in 1930 from trapping leases. The first oil and gas lease was granted in 1933 and first production was established in 1945. Over 3 trillion cubic feet of gas equivalents have since been produced from the property, which continues to enjoy robust leasing, drilling and production activity.

The fee lands are located in the Mississippi River waterfowl flyway and attract waterfowl hunters from around the state.  Most of the revenues derived from the surface of the property are generated from permits to collect alligator eggs and from the trapping of wild alligators.

CL&F views the protection and management of the surface of this unique land as an important part of the stewardship of its owners’ legacy as it constantly seeks an appropriate balance of revenue-producing activities on the property, particularly oil and gas activities, with the need to protect the marsh and environment.