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LL&E Royalty Trust operates as an investment arm of ConocoPhillips. LL&E Royalty Trust owns net overriding royalty interests, which are equivalent to net profits interests, in certain productive oil and gas properties located in Alabama, Florida, as well as in federal waters offshore Louisiana. It also owns 3% royalty interests in approximately 400,000 acres of unleased, undeveloped south Louisiana fee lands. The Bank of New York Trust Company, N.A. serves as trustee for the company. L&E Royalty Trust was founded in 1983 and is based in Austin, Texas.
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