Kudos to Chevron.Major lawsuit between Texaco and the state of Louisiana had nothing to do with supposed ground water
contamination. It was an accusation of underpayment of royalties. Texaco paid royalties from production on state owned properties on the basis of the price they received for natural gas. In most cases,
this price received was quite a bit below the market value of the time as Texaco had very old contracts with it's customers calling for them to receive the gas at set cheap prices. The state contended that
Texaco should pay royalties based upon the current market price. This would mean that they royalties Texaco would pay actually exceeded the amount they received for their product. As in many cases
such as this, the case was settled out of court with Texaco making payments to the state but at a
lower value than the state of Louisiana originally demanded. As far as Chevron's current office setup, about 4 years ago the entire New Orleans portion of the Gulf of Mexico business unit moved from
downtown New Orleans to Covington. It is a state of the art campus type facility which the state
recognized for it's environmental design. Moving from Orleans to St. Tammany Parish did have some
political ramifications. Therefore the company increased their charitable work in the city. This includes supporting all the charities the Saints and the Hornets sponsor. Based upon the Covington employees
having tieins to those teams, the Lafayette management was able to secure more support for the
Cajuns. In addition to participating in the Corporate season ticket program for football, six basketball
season tickets were purchased this season for the first time and there is a possibility Cajun baseball will also be supported come spring time.