An LED light fixture that replaces a par 36 lamp includes a body casting having an LED mounting area with an outer perimeter surrounded by an outer ring, and a shroud covering a portion of the outer perimeter of the LED mounting area. The body casting has elongated slots that extend between the LED mounting area and the outer ring. The outer ring has internally threaded openings that extend through the outer ring and that are spaced from one another around the outer ring. The light fixture includes ground mounting pins having first ends with external threads that are adapted to mesh with the internally threaded openings in the outer ring. The pins may be affixed for ground mounting and removed for disposing the light fixture in a well housing disposed in the ground. An LED circuit board containing one or more LEDs overlies the LED mounting area.