Business News

Moreno selling Southern Equine Stables

by Leslie Turk

It’s not just the oilman's prized thoroughbreds that are on the sale block.

Lafayette businessman Mike Moreno aims to sell his Sunset farm and treasured thoroughbreds, moves that point to the likelihood he is checking out of the horse racing biz.

Earlier this week ABiz reported that Lafayette oilman Mike Moreno was selling some of his prized thoroughbreds via auction house Fasig-Tipton Company.

Fasig-Tipton confirmed in a Feb. 9 press release that it is helping Moreno’s Southern Equine Stables LLC, Moreno's company, “reduce a portion of [its] Thoroughbred holdings.”

An alert reader pointed out to ABiz that it’s not just the horses on the sale block. Moreno, whose latest oilfield service company, Green Field Energy Services, went belly up, has also listed for sale the stables themselves, located at 6387 Louisiana 93 in the Grand Coteau/Arnaudville area. The property has apparently been on the market for some time and was advertised over the weekend in Acadiana HomeFinder.

Could the entrepreneur, said years ago to be on a fast-track to becoming one of the top five thoroughbred owners in the world, be checking out of the biz altogether? It sure looks that way.

Read more about the pending thoroughbred sale here.