F T C Energy Ltd Inc v. Aethon Energy Operating L L C

UNITED STATES DISTRICT COURT WESTERN DISTRICT OF LOUISIANA SHREVEPORT DIVISION F T C ENERGY LTD INC CIVIL ACTION NO. 22-cv-2243 VERSUS MAGISTRATE JUDGE HORNSBY AETHON ENERGY OPERATING, LLC MEMORANDUM RULING Introduction FTC Energy Ltd., LLC (“FTC”) filed suit in state court against Aethon Energy Operating, LLC (“Aethon”) based on claims that Aethon did not comply with the requirements of the Well Cost Reporting Statute (La. R.S. 30:103.1 and 103.2), which resulted in Aethon forfeiting its right to deduct certain costs from FTC’s share of production from several wells in Bossier Parish. Aethon…