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Permalink Reply by Skip Peel - Mineral Consultant on September 5, 2014 at 15:38

Not much you can do with dry holes.  However the stock certificate might be worth something in Monroe as a historical document.

4509	JAMES A. NOE ET AL

 

	Well Serial	Well Name	Well	Status			API Number	Org ID	Field ID	Permit Date	Sec-Town-Rng	Parish
	7712	GULLEY	001	29			17111009730000	4509	9709	25-JAN-24	036-21N-01E	56
	60901	R E HARREL	002	30			17111010550000	4509	6824	04-APR-56	023-21N-02E	56
	61032	R E HARRELL	004	30			17111011200000	4509	6824	10-APR-56	027-21N-02E	56
	61063	R E HARRELL	007	30			17111011170000	4509	6824	12-APR-56	027-21N-02E	56
	61221	R E HARRELL	005	29			17111011190000	4509	6824	25-APR-56	027-21N-02E	56
	61548	R E HARRELL	003	30			17111010520000	4509	6824	21-MAY-56	022-21N-02E	56
	86405	R E HARRELL	006	30			17111011180000	4509	6824	05-SEP-61	027-21N-02E	56
	86406	R E HARRELL	008	30			17111011160000	4509	6824	05-SEP-61	027-21N-02E	56
	88682	R E HARRELL	009	30			17111010530000	4509	6824	31-JAN-62	022-21N-02E	56
	89408	R E HARRELL	010	30			17111011220000	4509	6824	23-MAR-62	027-21N-02E	56

http://en.wikipedia.org/wiki/James_A._Noe

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Permalink Reply by courtney oliver on September 9, 2014 at 8:41

Win or Lose Corporation got an interest in most of the old state leases, which many of these are still producing. One such lease was the State Lease 340. This lease outline was from the coast line of Louisiana out to the middle of the Gulf of Mexico. The federal government change this out to federal waters.

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Permalink Reply by tc on September 5, 2014 at 15:58

It seems that James A Noe was a good ole boy or what today we call a corrupt politician.

In what is being called one of the biggest cases of fraud in U.S. history, a corporation started in 1934 by a former senator and Louisiana governor, Huey Long, has received hundreds of millions of dollars from a corrupt political deal struck in the 1930s.

After a name-change in 1941, the Win or Lose Corporation was dissolved in 1951, according to state secretary of state’s office, but the family members of the corporation’s founders continue to reap the benefits as the state of Louisiana has done nothing to change the contract that is still currently in place.

According to a Fox 8 WVUE New Orleans investigation, the corporation has made about $811 million off of one state oil lease that they have held for over 70 years.

The Win or Lose Corporation was founded by the then-Sen. Long and also owned by state Sen. James A. Noe, New Orleans hotel owner Seymour Weiss, and Earl Christenberry, Long’s secretary. According to WVUE, Long’s name never appeared on the paperwork, but records show he was a partner of the company....

Read more: http://dailycaller.com/2012/05/07/corrupt-la-contract-delivers-mill...

http://dailycaller.com/2012/05/07/corrupt-la-contract-delivers-mill...

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Permalink Reply by Jesse Joyner on September 6, 2014 at 5:21

Those who are not from Louisiana or who are not from the South, many times don't understand certain words and phrases. Good ole boys are not inherently corrupt or bad. In fact, there are many good ole boys on GHS. A lot of good ole boys are in law enforcement.  Some even work for the FBI. Also, there have been so-called "reform" administrations in Louisiana which are not what they actually claim to be. Can only imagine how hard it is for first generation and second generation U.S. immigrants to figure out the subtextual nuances of the good ole boy culture in Louisiana. 

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Permalink Reply by Steve P on September 6, 2014 at 7:47

The stock certificate is certainly suitable for framing and hanging in one's home or office.  James A Noe actually served as governor of La. for a few months.  I don't recall the circumstances (he was not elected governor), but perhaps during one of the stormy terms served Uncle Earl.

some of the leases that were granted to Win Lose Oil Company are still HBP.  There was likely deceit in their original issuance, but it would likely be difficult for the State to file suit to cancel them based on fraud.  Who would testify?  And the laws in Louisiana back in those days may not have been strong enough to render the leases or the act of leasing illegal.  Part of our "colorful history."

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Permalink Reply by ddozier on September 6, 2014 at 14:28

Thank you for the responses.  I have done some research in the past on James Noe but it seems to stop in the early 30's I cant find anything in 20's. Just a bit curious if there may be some value in the stock.

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Permalink Reply by tc on September 6, 2014 at 14:53

Is there a transfer agent listed on the certificate?  Also what state was it incorporated in?  That state mostly likely has some info on corporation, the question is how much dust is it buried under.  Most likely the stock became worthless during the 1929 stock market crash and the following depression.

Here is a picture of James Noe around 1920 standing in front of an Noe Oil and Gas Co. well.

http://louisdl.louislibraries.org/cdm/ref/collection/LHP/id/305

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Permalink Reply by Jesse Joyner on September 6, 2014 at 15:32

That is one sweet oil well. The Workman No. 1 flowed at Smackover, "initially at an estimated 35,000 barrels a day."  Who wouldn't want some of that? Wish my family was so lucky. The El Dorado of fabulous riches. 

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Permalink Reply by W. Marshall Shaw on September 10, 2014 at 1:25

Noe (1890-1976) was able to wrestle broadcast licenses from the federal government, hence WNOE radio in New Orleans and KNOE radio and KNOE-TV in Monroe. My father got into a fist fight with Noe during the '50s, which was front page news at the time.

Noe had been appointed lieutenant governor in 1934 when John Fournet retired from that post in order to take a seat on the state Supreme Court. Governor O. K. Allen died in January of 1936 and thus Noe served as governor until May of 1936. All of these people were principals in the Long machine. 

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