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Insolvency Joint Operating Agreement

Bennett Jones LLP

ABQB Clarifies Test for Lifting the Stay to Replace an Insolvent Operator

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The Alberta Court of Queen's Bench has issued several conflicting decisions on whether a stay of proceedings in an insolvency matter should be temporarily lifted to allow enforcement of a contractual right to immediately...more

Bennett Jones LLP

Transfer of Operatorship of Oil and Gas Assets Upon Insolvency

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Operating agreements for oil and gas assets typically contemplate the immediate replacement of the operator by another working interest owner in the event of the operator’s insolvency. However, these provisions often become...more

K&L Gates LLP

Below $30 - Disputes in a Low Oil Price World

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The news that crude prices fell below $30 per barrel - the lowest in 10 years - was not greeted with shock but by predictions that they might continue to fall and would stay low for some time. Any attempt to predict the...more

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