Loren L. Bly has been a
practicing attorney, serving Allegany, Chautauqua and
Cattaraugus counties of western New York since his admission
to the New York State Bar in 1965. He graduated from Albany Law School
as a recipient of the high mark in Taxation and the
National Commercial Bank and Trust Co. Award for Estate
and Business Planning. A 1960 graduate of Bucknell University,
he served as President of the Class of 1960 and as Assistant Director
of Admissions following graduation. He is a past President and Director
of the Cattaraugus County Bar Association.
His practice includes extensive
corporate and commercial clients throughout the Southern Tier, commercial
litigation, resource law (oil/gas, sand/gravel, timber and lumber products)
and the reassessment of industrial and commercial real property. Currently
a member of the American, New York State and Jamestown Bar Associations with
memberships in the ABA Natural Resource, Business, Environment, and the Torts
and Insurance Sections.
Mr. Bly is the past Vice Chairman of the
South and Center Chautauqua Lake Sewer District and a Life Member of the Busti Trap &
Skeet Club and the Pine Grove Sportsman Association.
He and his wife, Jane, reside at
44 Nottingham Circle, W. E., Jamestown and at Ellicottville, New York during
the winter months. They are members of Holimont, Inc., Moonbrook Country Club,
the Chautauqua Lake Yacht Club and the First Presbyterian Church of Jamestown,
New York. They are the proud parents of three children (3) and eight (8)
AREA OF SPECIALIZATION
A—OIL & GAS LAW Mr. Bly’s considerable
expertise in the Oil and Gas Industry includes his representation of clients’
interests and his personal interests in the following:
1-Class Counsel for 11 local producers
of Warren Co., Pa and Chautauqua Co., N.Y. in Fed. Dist. Court-Western District of
Pa.--Class action for alleged price fixing of refiners daily posted crude oil
purchase price—LAZY OIL CO. vs PENNZOIL, WITCO/KENDELL, QUAKER STATE OIL REFINING CORP.,
recovering in excess of $575K of class settlement for clients.
2-Representation of local producer for Purchase
of all 235 producing Medina gas wells and related leasehold collection/delivery
equipment with assignment of over 325 related leases and rights of way situate in
Erie Co. Pa. from NYSE original Developer.
3-Represented 4 producers in Columbia Gas
Transmission Corp Fed Bankruptcy Court-Ohio to retain access to interstate
transportation and recover value of prior natural gas delivered.
4-Negotiated the 1st Chau, Co, Producer
to Industry Direct Gas Purchase Agreement which led to negotiation of Gas
Supply agreements for direct supply of 2 Western N Y Gen Motors industrial
plants and other local large industrial users.
5-Representation of numerous landowners
and producers in: individual lease agreement negotiations; production, sales
and supply contracts; accounting and sale issues requiring litigation in state
courts for accounting, payment or termination.
6-Acted as Attorney and/or principal of
corporate developers and producers that syndicated investment for development
of over 450 oil & gas wells in Western New York and Pa. by Limited Partnerships,
General Partnerships or Joint Venture or AAPL 610 Operating Agreements;
including all subscription, operating and development agreements and required
State Blue-Sky and SEC Registration Statements.
7-Negotiation and representation of the
Larry’s Creek and Elbow Fish & Game Clubs and Landis 10,450 acre Lycoming Co,
Pa. Prospect as closed 12/22/05 with Anadarko Petroleum Corp.
8-Cofounder and Co Managing Member of
Appalachian Oil & Gas Advisors LLC with Robert D. Beyer, CPA for consultant
and lease agent representation of Landowners and producers oil & gas interests.
Please call to review your concerns.
B—REDUCTION OF ASSESMT. OF
INDUSTRIAL REAL PROPERTY.
Since l992 Mr. Bly has represented the
ownership of more than 40 major industrial manufacturing facilities in the
states of New York, Pennsylvania, Ohio, South Carolina and Connecticut to
reduce the real property assessment [ and resulting annual real property taxes]
of the Land, Buildings and other improvements of small, intermediate and large
complexes. He has achieved a 45% + overall average reduction of all cases
handled to date by recognition of the dynamics of functional and economic
obsolescence and the application of the Market Data approach of valuation
as documented in most jurisdictions to be a more reliable measure of the
dynamic loss of value that has resulted by the disintermediation of American
Industry to more cost competitive areas of operation in the Worldwide Economy.
Although resisted at the local level of the assessor/board of review, most
jurisdictions ultimately recognize the fallacy of resisting a fair market
valuation and grant a reduction of this local large fixed cost to ensure the
economic retention of the operating industrial enterprise within their
communities. Mr. Bly’s clientele consists of numerous NYSE Publicly
Traded Companies and the large manufacturer that resides in the declining
Industrial Hartland which range in size from 200,00 square feet to
900,000-1,000,000. Call for Client references and a preliminary
review of potential savings.