Sandoz v. A.M.F. Tuboscope, Inc. (In Re Latham Exploration Co.)

MEMORANDUM RULING

STAGG, Chief Judge.

This bankruptcy appeal presents a straightforward issue. Does the Louisiana Oil, Gas and Water Well Lien Act, La.R.S. 9:4861 et seq. grant a lien for unpaid insurance premiums contractually required by the agreement governing the operation of gas wells. Kouns & Green, Inc., appellant, contends that unpaid insurance premiums are covered by this statute while the bankruptcy trustee, appellee, contends that they are not. There are no Louisiana cases directly on point.

I FACTS

Kouns & Green, Inc. provided insurance coverage to the Latham Exploration Company…