SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 17, 1998
McMoRan Exploration Co.
(Exact name of registrant as specified in its charter)
Delaware 001-07791 72-1424200
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation or Number)
organization)
1615 Poydras Street
New Orleans, Louisiana 70112
(Address of principal executive offices)
(504) 582-4000
(Registrant's telephone number, including area code)
Item 2. Acquisition or Disposition of Assets
On November 17, 1998, McMoRan Oil & Gas Co. ("MOXY") and
Freeport-McMoRan Sulphur Inc. ("FSC") each merged into separate
wholly owned subsidiaries of McMoRan Exploration Co. ("MMR"),
pursuant to the Agreement and Plan of Mergers dated as of August 1,
1998 (the "Merger Agreement") among MMR, FSC, MOXY and two wholly
owned subsidiaries of MMR. Pursuant to the Merger Agreement, (1)
each outstanding share of MOXY Common Stock was converted into 0.20
of a share of MMR Common Stock and (2) each outstanding share of
FSC Common Stock was converted into 0.625 of a share of MMR Common
Stock.
The other information required by this item has been
previously reported by MMR and is included or incorporated by
reference in the Joint Proxy Statement/Prospectus filed as part of
MMR's Registration Statement on Form S-4 (Registration No.333-61171).
Item 7. Financial Statements and Exhibits.
(a) The MMR financial statements that are required by this item
have been previously reported by MOXY (MMR's predecessor
reporting entity for accounting purposes) and by FSC with
respect to the business acquired. These financial statements
are incorporated by reference in the Joint Proxy
Statement/Prospectus filed as part of MMR's Registration
Statement on Form S-4 (Registration No. 333-61171).
(b) The unaudited pro forma financial statements that are
required by this item have been previously reported by MMR
and are included in the Joint Proxy Statement/Prospectus
filed as part of MMR's Registration Statement on Form S-4
(Registration No. 333-61171).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
McMoRan Exploration Co.
By: /s/ C. Donald Whitmire
-----------------------
C. Donald Whitmire
Vice President & Controller -
Financial Reporting
(Authorized signatory)
Date: December 1, 1998
