The purpose of this White Paper is to provide general guidance to transaction participants and practitioners in their consideration of the application of 17 C.F.R. Part 246, adopted jointly by the Securities and Exchange...more
In this presentation, we will discuss the innovative and practical financing strategies involved in asset-backed financings of oil and gas assets. We will discuss benefits/considerations of these transactions; comparison of...more
It is common for E&P companies in chapter 11 to seek to reject burdensome midstream contracts under Bankruptcy Code § 365. Rejection has not been permitted by bankruptcy courts where such agreements create enforceable...more
On June 22, 2020, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued an order concluding that the Commission and the United States Bankruptcy Courts have concurrent jurisdiction to review and address the...more
On April 3, 2020, the New Mexico State Land Office (“NMSLO”) announced the initiation of emergency rulemaking processes that would allow qualifying lessees of New Mexico state oil and gas leases to temporarily suspend...more
There is increasing concern among oil and gas producers that the market disruption caused by the Russian-Saudi price feud and the COVID-19 outbreak could lead to circumstances where production cannot be sold, transported, or...more