Louisiana oilman dies when kit-built jet crashes into lake May 24, 2021 FacebookTwitterEmail SHREVEPORT, La. (AP) — A Louisiana oilman who survived a fatal explosion and house fire in 2019 has died in the crash of a one-seat jet plane assembled from a kit. Fred L. Phillips of Shreveport died Sunday afternoon when his single-engine SubSonex plane with tail number N465JC crashed into Cross Lake, the Caddo Parish Sheriff’s Office said. He was 73, the coroner’s office said. Phillips was president and CEO of Phillips Energy Inc., said Oliver Jenkins, chief operating officer of Phillips Energy Investments, a related company. The plane flew for about nine minutes before crashing, the sheriff’s office said in a news release Sunday. It said several witnesses reported the crash. Phillips’ body was recovered from the plane after divers found it.