It appears that Remora Operating, a newly registered LA operating company affiliated with Remora Petroleum out of Austin, TX has acquired the 50% interest that bankrupt EXCO held in its Haynesville Shale assets. Shell continues to hold the other 50%.
Organization Id |
Organization Name |
R6044 |
REMORA OPERATING LOUISIANA, LLC |
REMORA OPERATING LOUISIANA, LLC |
Limited Liability Company (Non-Louisiana) |
AUSTIN |
Active |
Previous Names |
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Business: |
REMORA OPERATING LOUISIANA, LLC |
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Charter Number: |
43167873Q |
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Registration Date: |
8/20/2018 |
Domicile Address |
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807 LAS CIMAS PARKWAY |
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SUITE 275, BLDG. II |
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AUSTIN, TX 78746 |
Mailing Address |
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807 LAS CIMAS PARKWAY |
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BUILDING II |
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AUSTIN, TX 78746 |
Principal Business Office |
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807 LAS CIMAS PARKWAY |
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BUILDING II |
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AUSTIN, TX 78746 |
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Registered Office in Louisiana |
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8550 UNITED PLAZA BUILDING II, STE. 305 |
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BATON ROUGE, LA 70809 |
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Principal Business Establishment in Louisiana |
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8550 UNITED PLAZA BLVD |
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BLDG II |
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BATON ROUGE, LA 70809 |
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Status |
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Status: |
Active |
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Annual Report Status: |
In Good Standing |
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Qualified: |
8/20/2018 |
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Last Report Filed: |
N/A |
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Type: |
Limited Liability Company (Non-Louisiana) |
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Registered Agent(s) |
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Officer(s) |
Additional Officers: No |
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http://www.remorapetroleum.com/
Remora Petroleum is a private oil and gas company focused on the acquisition and development of mature, long-lived producing properties.
The Company owns operated and non-operated working interests across the Anadarko, Gulf Coast, Permian, D-J and Los Angeles Basins.
Tags:
does anyone have any info on this company? Dealt with them? EXCO was such a good company to deal with.
Based on correspondence from Remora to EXCO royalty owner and the public record information posted above.
Looks like a hedge fund concentrating on oil and gas.
According to Bloomberg: Mr. George B. Peyton has served as Chief Executive Officer and a Director of Remora Royalties, Inc. since 2011 and also serves as its Chairman. Mr. Peyton has served as the Chief Executive Officer of Remora Royalties, Inc.'s predecessor since its inception in 2011. From 2009 to 2011, he served as President of Fifth Well Investment Management, LLC, a private investment firm focused on energy and other public and private investments. From 2005 to 2007, he served as Financial Analyst with XTO Energy, Inc. Mr. Peyton left XTO Energy Inc. in 2007 to attend Stanford Graduate School of Business, where he earned his Master in Business Administration in 2009. Mr. Peyton also has a Bachelor of Science in Astrophysics and a Bachelor of Business Administration in Entrepreneurial Management from Texas Christian University. We believe that Mr. Peyton’s extensive experience in the energy industry brings valuable strategic, managerial and leadership skills to the board of directors and us.
Peyton is 35. Livesay is 37. Livesay has a financial background and also went to Stanford.
The building they are in is located on the outskirts of Austin, TX. Lots of different occupants in the building. I have been there and seen a lot of moving in and out. Based on the Suite number I don't think it can hold very many people.
Fifth Well Investment Management still exists with Peyton listed as principal.
To your knowledge, do they plan to do the same for their East Texas wells?
If Remora acquired WI in EXCO wells effective Sept. 1, 2016 and chose to pay royalty based on a June, 2018 letter, we are late in hearing of that considering how many EXCO royalty interests are members of GHS. The letter I referenced is recent, not months old. I was careful to phrase my discussion title with the qualifying words, "It appears".. Thanks for the clarification. I'm sure there will be additional information forth coming in the near future.
Info on Remora's IPO filing
Lots of high powered finance people with this group / but I did find a listing that showed them to have Engineering and Land staff (but no geosciences).
As a non serious side comment, one questions the logic behind naming your company after a "sucker fish" .
https://globenewswire.com/news-release/2018/09/10/1568369/0/en/Remo...
Interesting. I wonder it it is the same letter that a member mentioned. It is possible they misread it.
Does the letter mention Remora, Kathy?
Thanks for the detail.
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