A suit was filed Thursday in Bossier Parish against Windrush Operating Co LLC, Thomas S Gaylord, Mecom Oil LLC, John W Mecom III & John H Hyatt Jr.
The suit was filed by attorney Joe Gregorio on behalf of Harry & Sherry Lou Henderson. The Hendersons granted an oil & gas lease to Windrush, represented by Gaylord and Hyatt, in February of 2005. During the primary term, Windrush assigned the lease to Mecom Oil. In late 2007 Gaylord and John Mecom III contacted the Hendersons to gain a two year extension on the lease so they could drill into the Cotton Valley Formation, which the petitioners allege was a misrepesentation.
According to the suit, they 'misrepresented to petitioners that the language of the rider to the February 2005 lease gave the defendants the right to extend the lease.'
The Hendersons signed the 2 year extension. They were paid $90 per acre for 800 acres.
Mecom then assigned the lease to Petrohawk Energy for the purpose of drilling into the Haynesville Shale.
A month later news of the Haynesville Shale broke to the public and leases in the area are now going for $15,000 per acre and up.
Showing posts with label Mineral Rights Lawsuits. Show all posts
Showing posts with label Mineral Rights Lawsuits. Show all posts
Sunday, August 24, 2008
Tuesday, July 15, 2008
Haynesville Shale: Channel 12 Reports on Lawsuit
On July 1st, we published an article about the mineral rights lawsuit that was filed the day before against the Brown Companies. Today the The Dead Pelican has linked to a video from KSLA. Go to the Dead Pelican and click on the link to read Channel 12's story and view the video.
This is going to be an interesting suit. It is based on the premise that if you buy property and no exception is listed for a mineral rights reservation, then you assume that you have bought those rights.
This is going to be an interesting suit. It is based on the premise that if you buy property and no exception is listed for a mineral rights reservation, then you assume that you have bought those rights.
Tuesday, July 1, 2008
Mineral Rights lawsuit filed against Bossier Builder
The Haynesville Shale is stirring up a new controversy in Bossier Parish.
A lawsuit was filed in Bossier District Court Monday against James M. Brown Builder, Inc, Brown's Property Development, Inc, James M Brown Real Estate, Inc & Brown Builders, Inc. Audubon Oil & Gas Corp and Twin Cities Development LLC were also named in the suit, as well as individual members of the Brown family.
The suit was filed seeking class certification. If this is granted, it means that anyone who purchased property from any of the Brown Companies in Bossier Parish would qualify to benefit from the suit.
The suit was filed by Charles & Carol Casares, Darbi Rice, Brian Rice, Melvin Edwards III, Joyce Edwards and 'other similarly situated persons'.
The lawsuit alleges that the various companies sold them property and that the deeds contained no mineral reservations. One of the plaintiffs was told by Twin Cities Development that they could not execute a lease on their property, because the Browns owned the rights.
Here's what happened.
In July of 2006 the 4 Brown Companies executed a mineral deed to 4 of the individual owners, giving them ownership of any mineral interests on property that the companies owned at that time. The subdivisions listed on the mineral deed are:
Bossier Golden Meadows
Plantation Trace
Plantation Trace Estates
Plantation Trace Garden Homes
Northgate Village
Brown Office Park
Green Street
Shady Grove Unit I replat
Brownlee Estates
Northgate Temperature Controlled Subdivision
Southgate Estates
Southgate Estates Unit 6 replat
Sunflower Plantation
Barnes Addition
as well as various undeveloped properties with metes and bounds descriptions.
The named plaintiffs bought their houses and lots in December of 2006 and in early 2007, 6 months after the companies had transferred all mineral rights to the individual members of the Brown family.
On June 10, 2008, 2 of the individual Brown owners executed an oil & gas lease to Twin Cities Development that covered 28 different tracts, some of those tracts including multiple subdivision lots.
Among those lots were the Casares, Rice and Edwards property.
The plaintiffs said that the Brown companies, at the time of sale, did not reserve mineral rights on the properties they purchased.
I'm sure that the Brown's defense will be that the companies did not own any mineral rights to reserve, as they had already been transferred.
We will update you on this case as it progresses.
A lawsuit was filed in Bossier District Court Monday against James M. Brown Builder, Inc, Brown's Property Development, Inc, James M Brown Real Estate, Inc & Brown Builders, Inc. Audubon Oil & Gas Corp and Twin Cities Development LLC were also named in the suit, as well as individual members of the Brown family.
The suit was filed seeking class certification. If this is granted, it means that anyone who purchased property from any of the Brown Companies in Bossier Parish would qualify to benefit from the suit.
The suit was filed by Charles & Carol Casares, Darbi Rice, Brian Rice, Melvin Edwards III, Joyce Edwards and 'other similarly situated persons'.
The lawsuit alleges that the various companies sold them property and that the deeds contained no mineral reservations. One of the plaintiffs was told by Twin Cities Development that they could not execute a lease on their property, because the Browns owned the rights.
Here's what happened.
In July of 2006 the 4 Brown Companies executed a mineral deed to 4 of the individual owners, giving them ownership of any mineral interests on property that the companies owned at that time. The subdivisions listed on the mineral deed are:
Bossier Golden Meadows
Plantation Trace
Plantation Trace Estates
Plantation Trace Garden Homes
Northgate Village
Brown Office Park
Green Street
Shady Grove Unit I replat
Brownlee Estates
Northgate Temperature Controlled Subdivision
Southgate Estates
Southgate Estates Unit 6 replat
Sunflower Plantation
Barnes Addition
as well as various undeveloped properties with metes and bounds descriptions.
The named plaintiffs bought their houses and lots in December of 2006 and in early 2007, 6 months after the companies had transferred all mineral rights to the individual members of the Brown family.
On June 10, 2008, 2 of the individual Brown owners executed an oil & gas lease to Twin Cities Development that covered 28 different tracts, some of those tracts including multiple subdivision lots.
Among those lots were the Casares, Rice and Edwards property.
The plaintiffs said that the Brown companies, at the time of sale, did not reserve mineral rights on the properties they purchased.
I'm sure that the Brown's defense will be that the companies did not own any mineral rights to reserve, as they had already been transferred.
We will update you on this case as it progresses.
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