Gloria's Ranch, L.L.C. v. Tauren Exploration, Inc., Cubic Energy, Inc., Wells Fargo Energy Capital, Inc., and EXCO USA Asset, LLC.
Gloria's Ranch, L.L.C. v. Tauren Exploration, Inc., Cubic Energy, Inc., Wells Fargo Energy Capital Inc., and EXCO USA Asset, Inc.
On June 2, 2017, the Louisiana Court of Appeal for the Second Circuit rendered a decision in Gloria's Ranch, LLC v. Tauren Exploration, Inc., which should cause serious concern for lenders to oil and gas lessees. It held a lender (Wells Fargo) liable with its borrower, a mineral lessee for significant damages (over $23 ...
Jun 12, 2017 ...  The dispute in Gloria's Ranch, L.L.C. v. Tauren Exploration, Inc., arose from a 2004 mineral lease covering nearly 1,400 acres in Sections 9, 10, 15, 16, and 21, Township 15 North, Range 15 West, in Caddo Parish. The lease was granted by Gloria's Ranch, L.L.C. (“Gloria's Ranch”) to Tauren ...
Jun 12, 2017 ... In Gloria's Ranch, L.L.C. v. Tauren Exploration, Inc., the Louisiana Second Circuit upheld a trial court's ruling that the holder of a security interest in.
Sep 22, 2017 ... A recent, apparently unprecedented, decision from the Louisiana Court of Appeal , Second Circuit, has tremendous implications for energy financing in Louisiana. In Gloria's Ranch, L.L.C. v. Tauren Exploration, Inc., No. 51,077, 2017 WL 2391927 (La. App. 2 Cir. 6/02/17), the court of appeals affirmed a ...
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Salvadorian Style Fine Cuisine. More than just food. The food at Gloria's was conceived by Gloria and Jose Fuentes and born out of the traditions of El Salvador. Inspired Tex-Mex additions have provided a diversity, skirting the line between tradition and innovation. We invite you to explore further, and let us know which are ...
A New Day for Louisiana Oil and Gas Lenders? jdsupra.com August 29, 2017. Lenders to Louisiana operators are likely to be reconsidering their business practices in light of Gloria's Ranch v. Tauren et al. A rather ordinary lease termination suit resulted in the lender Wells Fargo being solidarily liable with ...