Company alleges it is owed more than $600K for frac tanks

Kelly Holleran Oct. 3, 2014, 1:44pm

A Texas company has filed suit against Butch's Oilfield Services, alleging it failed to pay more than $600,000 for products delivered to it on credit.

Dragon Products, based in Beaumont, claims it agreed to sell numerous frac tanks to Butch's under a credit agreement. Although Butch's accepted the merchandise it has failed to pay for the equipment, according to the complaint filed Aug. 27 in Jefferson County District Court.  A frac tank is a generic term for mobile steel storage tanks used to hold liquids. Typically used for fracing wells in the oil and gas industry, a frac tank may also be used to store any liquids like run-off water, diesel fuel, glycol, oils, waste products, etc. "As a result of [the] Butch's Oilfield breach, Dragon suffered damages amounting to $600,632 to which Dragon is entitled to recover, plus an additional sum for attorney fees, court costs and interest as Dragon as allowed by law," the suit states.

In addition to the money it alleges it is owed, Dragon seeks pre- and post-judgment interest, attorney fees, costs and other relief the court deems just.

John Seth Bullard, of Orgain, Bell and Tucker in Beaumont, will represent Dragon Products.

Jefferson County District Court case number: B196-062   This is a report on a civil lawsuit filed at Jefferson County District Court. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt and it represents only one side of the story.

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