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United States Lime &
Minerals, Inc.
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Investor Information
Lime and Limestone Operations. The
Company, through its Lime and Limestone Operations, is a manufacturer of lime
and limestone products, supplying primarily the construction, steel, municipal
sanitation and water treatment, aluminum, paper, glass, roof shingle and
agriculture industries and utilities and other industries requiring scrubbing of
emissions for environmental purposes. The Company is headquartered in Dallas,
Texas and operates lime and limestone plants and distribution facilities in
Arkansas, Colorado, Louisiana, Oklahoma and Texas through its wholly owned
subsidiaries, Arkansas Lime Company, Colorado Lime Company, Texas Lime Company,
U.S. Lime Company, U.S. Lime Company – Shreveport, U.S. Lime Company – St. Clair
and U.S. Lime Company – Transportation. PLS is used in the production of construction materials such as roof shingles and asphalt paving, as an additive to agriculture feeds, in the production of glass, as a soil enhancement, in the flue gas desulphurization process for utilities and other industries requiring scrubbing of emissions for environmental purposes and for mine safety dust in coal mining operations. Quicklime is used primarily in metal processing, in the flue gas desulphurization process, in soil stabilization for highway and building construction, in the manufacturing of paper products and in sanitation and water treatment systems. Hydrated lime is used primarily in municipal sanitation and water treatment, in soil stabilization for highway and building construction, in the production of chemicals and in the production of construction materials such as stucco, plaster and mortar. Lime slurry is used primarily in soil stabilization for highway and building construction.
Natural Gas Interests. The Company,
through its wholly owned subsidiary, U.S. Lime Company – O & G, LLC (“U.S. Lime
O & G”), has royalty interests ranging from 15.4% to 20% and a 20% non-operating
working interest with respect to oil and gas rights on the Company’s
approximately 3,800 acres of land located in Johnson County, Texas, in the
Barnett Shale Formation. These interests are derived from the Company’s May
2004 oil and gas lease agreement (the “O & G Lease”) with EOG Resources, Inc. (“EOG”)
with respect to oil and gas rights on its Cleburne, Texas property, that will
continue so long as EOG is continuously developing, or producing natural gas
from, the leased property as set forth in the O & G Lease. During the first
half 2009, EOG notified the Company that 11 of its wells under the O & G Lease,
which were completed in 2007 and 2008, had been unitized as EOG had determined
these wells included production from oil and gas interests that were, or
potentially were, partially owned by the state of Texas or others. The
unitizations reduced the Company’s royalty interests in the 11 wells, reducing
the Company’s revenue interests in these wells to an average of 32.7% from 36%
and resulting in an overall average revenue interest of 34.6% in all 26 wells
under the O & G Lease In November 2006, through U.S. Lime O & G, the Company entered into a drillsite and production facility lease agreement and subsurface easement (the “Drillsite Agreement”) with XTO Energy Inc. (“XTO”), which has an oil and gas lease covering approximately 538 acres of land contiguous to the Company’s Johnson County, Texas property. Pursuant to the Drillsite Agreement, the Company receives a 3% royalty interest and a 12.5% working interest, resulting in a 12% revenue interest, in any XTO wells drilled from two pad sites located on the Company’s property.
General.
The Company's authorized share capital consists of 15,000,000 common shares of
$0.10 par value and 500,000 preferred shares of $5.00 par value. Approximately
6,400,000 common shares are currently outstanding. No preferred shares have been
issued. Listing of Section 16 ownership forms filled by insiders may be found here.
Full
details of the Company's operations and financial condition can be obtained from
the 2009 Annual Report on Form 10-K for the fiscal year ending December 31,
2009. Please use the "Contact Us" link below to request a copy. Recently issued
SEC Filings and News Releases can be obtained directly by clicking on the appropriate titles
from the list below:
Second Quarter 2010 Results -
July 27, 2010
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