Help Research DUX Petroleum LLC

We have been unable to find much information about DUX Petroleum LLC, a company offering to lease land in Washington County, Ohio.

It occurred to us that if we asked members of gomarcellusshale to help search, together we could learn more.

Please help search and post what ever you find.

The website for DUX Petroleum LLC is: http://duxpetro.com/ but there are no links of any kind - no telephone number or address, no "about us" links or any other information.

A search on corporationwiki.com lead to this link:

http://www.corporationwiki.com/Unknown/Unknown/dux-petroleum-limite... 

A search on bizapedia.com came up with this link:

http://www.bizapedia.com/tx/DUX-PETROLEUM-LIMITED-LIABILITY-COMPANY...

From them we learned that:

DUX Petroleum LLC was founded 10/25/12

It has a single member: Adam Popejoy

Its principle address is: 4403 48th St., Lubbock, TX 79414-3601

Because DUX Petroleum LLC is so new there is very little information about it. The only option may be to search for more information about Adam Popejoy and any of the companies he is associated with,

Please post anything you learn.

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Replies to This Discussion

Permalink Reply by JR on February 11, 2013 at 8:29am
Adam Popejoy is listed as owner of YA Piping in Lubbock on LinkedIn
Permalink Reply by DrillBABY on February 11, 2013 at 10:35am

What township are you in?

Permalink Reply by gary SWF on February 11, 2013 at 11:19am

I posted information on the Washington County section a week or so ago.....Goggle "DUX Petroleum", I think you will find it is a Texas Corporation formed in the fall of 2012.......Would appear to me it has the real possibility of being a "shell" corporation put together to make investments through.....the thing I would expect from a group who were going to invest in a venture for short term profits....ie: "flipper"....not saying their money is not good, but would expect them to buy and resell at better price within 1-2 years....I see no indications they have any back ground in drilling/production in the oil/gas business.......IMHO

Permalink Reply by gary SWF on February 11, 2013 at 11:57am

See this deal...Windsor Ohio LLC(Limited Lieability Company)....sells Gulfport 22,000 acres for $220,000,000...you do the math.....see what you can find out about Windsor Ohio LLC....not much....wonder how long they have been in business?..... Put the deal together and resell it?... ......... ALL IMHO

 

Check this out...http://www.rigzone.com/news/oil_gas/a/124229/Gulfport_Energy_Buys_M...  

Permalink Reply by JR on February 11, 2013 at 12:00pm
Agreed. Maybe this guy made some good money off his pipe business and is looking to parlay it into some leasing investments.
Permalink Reply by searcherone on February 11, 2013 at 1:27pm

http://www.corporationwiki.com/Unknown/Unknown/dux-petroleum-limite...

The above link says he is/was linked with ten other companies;    other search said he graduated from Texas Tech in 2006 in Mechanicakl engineering;  also two by that name in Lubbock, Tx   so could be a father and son:  do a google search on his name and the word energy;  there are a number of citations which may reveal more.    Hope this is helpful.

Play with the link and keep clicking to see different companies he is connected to--at least ten.

Permalink Reply by Markus on February 11, 2013 at 9:53pm

How long does DUX have to actually pay out based on the agreement?  

Looks like it could be the same shape as the Cunningham Energy deal that fell through in Athens County last year...

The question is whether DUX already has a partner or if he has enough time to find one to get it flipped. 

Obviously, Gulfport's recent deal at $10k per acre bodes well for the area in general.

Permalink Reply by DrillBABY on February 12, 2013 at 12:43am
Again if you have seen the lease as I have you would quickly realize this is nothing like the Cumningham deal or any flipper deal in general. One of the better written leases I have ever laid my eyes on in fact. I understand some people on here are gun shy but a carefully written lease/agreement takes care of many of the problems some of you have experienced.DUX may very well sell these acres in the future but their money is good and they will pay according to this agreement as long as my title checks out and I own my minerals.
Permalink Reply by Markus on February 12, 2013 at 1:37am

Thanks for that but what about the lease itself guarantees that they will or have the ability to pay?  

Do they pay you in cash at the time you sign it?  Naturally, there must be a time limit which provides for title checks/ mineral rights checks but what about how the lease itself is written guarantees that they will indeed pay?  

I think that this is a fair question that people who are trying to learn could benefit from better understanding - me included.

Permalink Reply by Billy Park Whyde on February 12, 2013 at 1:52am

 Question here is are you looking for lease money or a well? 

Perhaps we can separate the the bull from the pile. Ever hear of a PERFORMANCE BOND? Instead of lip service try for a reasonable lease that has a prepaid performance bond made payable to the lessor in case of failure to drill, fracture, and place into production a well within a time period,and depending upon acreage possible wells.
You no drill um, you no fracky, u know produce u no give lessor royalty then failure of performance under the terms of this agreement shall give lessor full right to the performance bond amount with no contest by the lessee along with termination of said lease.

Permalink Reply by Markus on February 12, 2013 at 1:58am

Totally reasonable...if you were dealing with an XTO or another big boy.  The point to the thread is that DUX Petroleum LLC is a new LLC with what seems to be few if any assets.

Unless the cash for the advance royalty/ bonus payment is already paid up and currently held in escrow for the purposes of payment to the Lessors once title work is complete, it means nothing.  

Try pursuing a 'hollow' LLC for damages...there is nothing to get.

Permalink Reply by DrillBABY on February 12, 2013 at 1:58am

This is a LEASE not an option which is what many people gave Cunningham, Wishgard and other numerous flippers. The lease states if you own your minerals and their is not existing lease you will be paid within 120 calender days, not BUSINESS days. As well your lease will not be recorded until you have been paid.

No they do not pay you in cash at the time of signing, no one does not. If they do they are not a very credible company.  

All fair questions.

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