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

No. CV-20-305.

2024 Ark. App. 236

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 IV.

Opinion Delivered April 10, 2024.

Attorney(s) appearing for the Case

Jonathan W. Beck , for appellat.

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

This case involves a tank of oil, some production equipment, and the proceeds from wells located in the Kelly Bayou oil field in southwest Arkansas. J-Lu Ltd. Co. ("J-Lu") and Ploutos, LLC ("Ploutos"), owned and operated certain production units in the oil field between 2010 and 2014. The Arkansas Oil and Gas Commission...

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