CALCASIEU REAL ESTATE & OIL CO INC
10-K/A, 1999-03-19
CRUDE PETROLEUM & NATURAL GAS
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549
                                  FORM 10-K/A
               Annual Report Pursuant to Section 13 or 15(d) of
                      The Securities Exchange Act of 1934

For Fiscal Year Ended December 31, 1998            Commission File Number 0-9669

                    CALCASIEU REAL ESTATE AND OIL CO., INC.
            (Exact Name of registrant as specified in its charter)

               Louisiana                                       72-0144530
    (State of other jurisdiction of                         (I.R.S. Employer
     incorporation or organization)                        Identification No.)

          One Lakeside Plaza                                     70601
        Lake Charles, Louisiana                                (Zip Code)
(Address of principal executive offices)

      Registrant's telephone number, including area code:  (318) 494-4256

          Securities registered pursuant to Section 12(b) of the Act:

                                                          Name of each exchange
         Title of each Class                               on which registered
         -------------------                              ---------------------
                None                                         Not Applicable


          Securities registered pursuant to Section 12(g) of the Act:

                          Common Stock, No Par Value
                               (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 of 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.        Yes X   No
                                             ---    ---

State the aggregate market value of the voting stock held by non-affiliates of
the registrant. Trading in the Company's common stock is limited and sporadic
and its common stock has no readily established market value.

Indicate the number of shares outstanding of each of the registrant's classes of
common stock as of the latest practicable date.  Common Stock, No Par Value,
1,978,752 shares outstanding at February 26, 1999.

                      Documents Incorporated by Reference

               Document                                     Part of Form 10K
               --------                                     ----------------
     Definitive Proxy Statement                              Parts I and III
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirement of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this registration statement
to be signed on its behalf by the undersigned, thereunto duly authorized.

                         CALCASIEU REAL ESTATE AND OIL CO., INC.

                               /s/ ARTHUR HOLLINS, III
                         BY:  _________________________________________
                                   Arthur Hollins, III, President

Dated March 12, 1999

     Pursuant to the requirements of the Securities Act of 1934, this report has
been signed below by the following persons in the capacities with regard to
Calcasieu Real Estate and Oil Co., Inc. and on the date indicated:

<TABLE>
<S>                                           <C>
                                                                                     
Arthur Hollins, III                           President                              
- -----------------------------------------     (Chief Executive Officer and Director) 
 
                                                                                         
William D. Blake                              Vice President & Treasurer                 
- -----------------------------------------     (Principal Financial Officer and Director) 
 
Charles D. Viccellio                          Vice President & Secretary, (Director)
- ----------------------------------------- 
 
Henry C. Alexander                            Director
- ----------------------------------------- 
 
Troy A. Freund                                Director
- ----------------------------------------- 

Laura A. Leach                                Director
- -----------------------------------------

Frank O. Pruitt                               Director
- -----------------------------------------
 
B. James Reaves, III                          Director
- -----------------------------------------
 
Mary W. Savoy                                 Director
- -----------------------------------------
</TABLE>

Dated:  March 12, 1999

                                       7

<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AUDITED
FINANCIAL STATEMENTS DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                         113,177
<SECURITIES>                                         0
<RECEIVABLES>                                  151,666
<ALLOWANCES>                                         0
<INVENTORY>                                     11,976
<CURRENT-ASSETS>                               349,474
<PP&E>                                       4,994,936
<DEPRECIATION>                                 647,680
<TOTAL-ASSETS>                               4,759,327
<CURRENT-LIABILITIES>                          179,123
<BONDS>                                              0
                                0  
                                          0
<COMMON>                                        72,256
<OTHER-SE>                                   3,479,724
<TOTAL-LIABILITY-AND-EQUITY>                 4,759,327
<SALES>                                              0
<TOTAL-REVENUES>                               897,027
<CGS>                                                0
<TOTAL-COSTS>                                   95,587
<OTHER-EXPENSES>                               180,381
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              67,870
<INCOME-PRETAX>                                585,182
<INCOME-TAX>                                   181,251
<INCOME-CONTINUING>                            403,931
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   403,931
<EPS-PRIMARY>                                     0.20
<EPS-DILUTED>                                     0.20
        

</TABLE>


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