Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on April 20, 2016 at 8:42

Loutex was most recently actively taking leases in Lincoln, Union and Jackson parishes.  In late summer 2015 they assigned those leases to a third party that is not an operating company.  Loutex Energy appears to be a land company that acquires leases as investments either for themselves or for clients.  Loutex Energy is "Active" and "In Good Standing" with the Secretary of State's office. 

First off, there is nothing illegal or unethical about that business model.  It's been around forever.  Regardless of what company may obtain your lease in the future, they are bound by the terms.  Secondly, your location is quite far from the development activity associated with the Ruston area (Terryville Complex).  There has been little to draw my attention to your area other than a couple of HOSS vertical wells recently permitted by Sklar in townships 14N-6W and 14N-7W.  Not that close to your location.

The terms of the lease aren't out of the ballpark in today's market, IMO.  It's always wise to expect some wiggle room on terms and for an opening offer to be negotiable to some extent.  9 NMAs doesn't provide a lot of negotiating muscle but if all co-owners in the 60 acre tract were to work together you might do a little better.  There is one thing you can do before making a decision.  Make a trip to Arcadia and research the Clerk of Court's records to see if other O&G leases have been recorded recently.  If Loutex's offer represents a small prospect you may find a few leases or none at all.  If there are any other companies offering leases in your area, that would be good to know as competition always helps in negotiating terms. 

 

LOUTEX ENERGY, L.L.C.

Limited Liability Company

SHREVEPORT

Active

 

Previous Names
Business:	LOUTEX ENERGY, L.L.C.
Charter Number:	34568227K
Registration Date:	8/8/1997

 

Domicile Address
	220 TRAVIS ST., STE. 501
	SHREVEPORT, LA 71101

 

Mailing Address
	C/O NEWTON W. DORSETT
	220 TRAVIS ST., STE. 501
	SHREVEPORT, LA 71101

 

Status
Status:	Active
Annual Report Status:	In Good Standing
File Date:	8/8/1997
Last Report Filed:	8/25/2015
Type:	Limited Liability Company

 

Registered Agent(s)

 

Agent: NEWTON W. DORSETT Address 1: 220 TRAVIS ST., STE. 501 City, State, Zip: SHREVEPORT, LA 71101 Appointment Date: 7/31/2002

 

Officer(s)

Additional Officers: No

 

Officer: NEWTON W. DORSETT Title: Manager, Member Address 1: 220 TRAVIS ST., STE. 501 City, State, Zip: SHREVEPORT, LA 71101

 

 

• ▶ Reply

Permalink Reply by macgyver915 on April 20, 2016 at 9:57

Skip, thank you for your reply - you have such a wealth of knowledge and you're a real blessing to everyone on this site!

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on April 20, 2016 at 10:23

You're welcome.  If you find out more or execute a lease it would be helpful to others if you can share that information.  Good luck.

• ▶ Reply