The history of Win or Lose - FOX 8 WVUE New Orleans News, Weather, Sports

The history of Win or Lose


The Win or Lose Corporation was formed on November 20, 1934 in New Orleans.  The original documentation shows James Noe, New Orleans hotel owner Seymour Weiss, and Huey P. Long's secretary Earle Christenberry as the officers of the company.  But later documents reveal the following members of Win or Lose, along with their share of the company:

  • James Noe – 31 shares
  • Huey Long – 31 shares
  • O.K. Allen – 31 shares
  • Seymour Weiss  – 24 shares
  • Earle Chistenberry – 1 share
  • Alice Grosjean – 1 share

Some historians allege Grosjean was Long's mistress.

Sometime in 1941, Win or Lose Corporation was renamed the Independent Oil and Gas Company. 

On February 21, 1951, Independent Oil and Gas dissolved.  The liquidation put the shares of the soon-to-be lucrative oil leases into the hands of individuals, and not a corporation. 

For the many years following, those shares would be passed down.  Now more than 200 heirs reap the benefits from State Lease 340, which today encompasses 78,454 acres of oil- and gas-rich land and water bottoms.

Powered by WorldNow

Louisiana Media Company, LLC.
1025 S. Jefferson Davis Parkway
New Orleans, LA 70125

General Number: (504) 486-6161
News Tips: (504) 483-1503
News Room Fax: (504) 483-1543

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVUE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
WVUE's Public Inspection File can now be accessed online. To access the online public inspection file click here: