Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on December 10, 2008 at 16:02

RANDALL DAVIDSON HAS EARNED THE HIGHEST RATING AS AN OIL & GAS ATTORNEY!

• ▶ Reply

Permalink Reply by Iris on December 13, 2008 at 3:57

Hey, Parker --- who was doing the rating?

• ▶ Reply

Permalink Reply by Iris on December 13, 2008 at 10:41

Thanks for the link, Jim.

• ▶ Reply

Permalink Reply by Dion Warr, CPL on December 10, 2008 at 17:36

linda:

Here's what I found:

Kouga Energy Group, LLC -- foreign LLC recently qualified to do business in LA (10/3/2008), Madison, MS address:

http://www400.sos.louisiana.gov/cgibin?rqstyp=crpdtlC&rqsdta=36...

Mississippi LLC recently formed, Madison, MS (Jackson area) Sec. of State entry here:

https://secure.sos.state.ms.us/busserv/corp/soskb/Corp.asp?479060

Creation document here (PDF)

http://www.sos.state.ms.us/imaging/31144642.pdf

Agent is Clyde X. "Trey" Copeland, III, Esq. Ridgeland, MS address. Represents some O&G, but mainly commercial, real estate, and development businesses. Daddy (Jr.) is a surgeon in Jackson area. Trey is in his mid-to-late 30s. He may be 'somebody' in this company; my guess is that he just a legal advisor and registered agent.

Kouga does not operate a single well in MS or LA. At best, IMO you're dealing with flippers/speculators with some individual deep pockets looking for some cash turns and some ORI. That doesn't speak well for having your interests at heart. Your lease is currency, period.

The offer: Money is poor, 1/5 RI even in this environment is a joke, unless dealing with shallow, depth constrained leasing. Nothing below top of Hosston, unless they limit to just the Hosston, or the just the CV. If they can't reveal their client, or want you to take a long-term draft or sign a commitment agreement: run, do not walk.

I'm not sure what you mean by "standard" lease form, but your terms need to be constrained and restricted specifically to what they are looking for. As weird as this situation feels, I would even constrain them strata-wise top and bottom, no extensions, minimum royalty payment to maintain lease, unless they can reveal and lease you to the client/operator.

There's probably more to be found, just have to dig a little harder. Try these leads out, and see where the trails go. Right now, I'd be real skeptical.

Good luck... --DLW

• ▶ Reply

Permalink Reply by Dion Warr, CPL on December 10, 2008 at 17:41

linda: followup- do any of your contacts have a clue as to who their 'rep' is? What is this guy's name? Is he a seasoned landman, or just some greenhorn or outta town 'dude on the scene'?

• ▶ Reply

Permalink Reply by linda on December 12, 2008 at 17:17

Reps name is Sebastian Greaves. He did tell me that they have an office in Shreveport and do business in MS. Very skeptical--especially after speaking with him. Do not plan to lease to him.
We have 91 acres in Section 4 l4N 15 W. Leased 3 years ago to CHK before we all knew about the Haynesville. We were told in August that they would be moving onto property in 3 weeks to drill 4 wells--then told we were on the rig list--then told they were in the process of releasing the 200 acres they let expire in June havent heard anything in about a month. I live in Lafayette so I get my information from the guy who has the property next to mine.

• ▶ Reply

Permalink Reply by BirdDawg, plain ole' idiot on December 13, 2008 at 16:15

Linda,
Hang tight. It will come. I wish I was where you are.

• ▶ Reply

Permalink Reply by BirdDawg, plain ole' idiot on December 13, 2008 at 16:13

I call them flipper, flipper....
Sorry can't remember the rest of the story, but doesn't make a whole lot of difference. They ain't players.

• ▶ Reply

Permalink Reply by jim bobb on December 15, 2008 at 12:42

I Live in the Stockwell area of Bossier City. My neighbor across the street from me, said that Twin City is bugging them to lease their land (1/4 acre) for $1500.00 an acre and 22% royalty. The Lady that is calling and shows on their door step, said that there will not be any large offers. She also said that they would not work with any large groups. I find this hard to believe. If they need your land they will pay whatever it takes to secure it. Anyway this is my opinion and I am sticking to it.

• ▶ Reply

Permalink Reply by Antsu-in-Japan on January 10, 2009 at 4:08

Looks like "divide and conquer" to me.

• ▶ Reply

Permalink Reply by Snake Stewart on December 15, 2008 at 16:06

Reply by jim bobb 3 hours ago
... said that Twin City is bugging them to lease their land (1/4 acre) for $1500.00 an acre and 22% royalty.....said that there will not be any large offers. She also said that they would not work with any large groups.

Hey Jim Bobb,
That sounds great to me because we wont be working with Twin Ninnies either. (LOL)

• ▶ Reply

Permalink Reply by John M. Hays on December 16, 2008 at 0:01

If you had checked with the Louisiana Secretary of State Commercial Division you could have pulled up Kouga Energy Group, LLC with an address of 120 Augustine Dr. in Madison, Miss. It was registered to do business in Louisiana Oct. 3, 2008.

Go to the Mississippi Sec. of State Commercial Division and you'll find the LLC registered there June 28, 2008 and at the time there was no office address listed.

The only names shown are the agents of record...most likely the lawyers that filed the papers in Miss. and La. Officers and directors are not listed on LLCs as they are with corporations.

• ▶ Reply

• ‹ Previous
• 1
• 2
• 3
• 4
• Next ›
• Page