Avoca LLC owns and manages land properties.
The company owns and manages approximately 16,000 acres comprising virtually all of Avoca Island, which is located approximately 90 miles west of New Orleans in St. Mary Parish, Louisiana, adjacent to and immediately southeast of Morgan City.
The company's activities with respect to oil and gas are limited to the granting of leases, options, seismic permits and the collection of bonuses, delay rentals and landowner royalties thereunder. Wild game, bi...
Avoca LLC owns and manages land properties.
The company owns and manages approximately 16,000 acres comprising virtually all of Avoca Island, which is located approximately 90 miles west of New Orleans in St. Mary Parish, Louisiana, adjacent to and immediately southeast of Morgan City.
The company's activities with respect to oil and gas are limited to the granting of leases, options, seismic permits and the collection of bonuses, delay rentals and landowner royalties thereunder. Wild game, bird hunting and non-commercial fishing rights on Avoca Island are leased to the Avoca Duck Club.
As of December 31, 2003, approximately 4% of the company's land (686 acres) was covered by oil and gas leases. Approximately 551 of the 686 acres were held by production and the remaining 135 acres were covered by 1 lease which, if non producing, requires the payment of annual delay rentals to maintain it in effect and expires at the end of its three-year primary term.
History
Avoca LLC, a Louisiana corporation, was founded in 1931.