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STROUD PRODUCTION, LLC v. J-LU LTD. CO.

No. CV-20-305.

2022 Ark.App. 358

STROUD PRODUCTION, LLC, Appellant, v. J-LU LTD. CO; J-ROC LTD. CO; PLOUTOS, LLC; SAGELY INVESTMENTS, LLC; KEVIN SCHMIDT; AND MONICA SCHMIDT, Appellees.

Court of Appeals of Arkansas, Division II.

Opinion Delivered September 28, 2022.

Attorney(s) appearing for the Case

Jonathan W. Beck , for appellant.

Harrelson Law Firm, P.A. by: Steve Harrelson , for separate appellees J-Lu Ltd. Co. and J-Roc Ltd. Co.

Appellant Stroud Production, LLC, owns oil and gas leases in two production units in the Kelly Bayou oil field in far southwest Arkansas. Stroud claims it was not paid proceeds by the former operators of the two oil production units, appellees J-Lu Ltd. Co. ("J-Lu") and Ploutos, LLC ("Ploutos"), and sued both. J-Lu sought...

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