News & Analysis as of

Midstream Contracts Debt Restructuring

Skadden, Arps, Slate, Meagher & Flom LLP

Treatment of Midstream Agreements in Bankruptcy Remains Unsettled, but Limited Consensus May Be Emerging

Takeaways - Pipeline companies have opposed efforts by oil and gas producers to reject midstream gathering agreements in bankruptcy, claiming that the exclusive “dedication” provisions in such agreements “run with the land”...more

Morgan Lewis - Power & Pipes

Assumption and Rejection of Midstream Agreements in Bankruptcy

Is a midstream contract treated the same as other executory contracts in bankruptcy, subject to assumption and rejection pursuant to the US Bankruptcy Code? An executory contract is any contract of the debtor where both the...more

Holland & Knight LLP

How Midstream Providers Must Respond to Latest Exploration and Production Bankruptcies

Holland & Knight LLP on

As predicted in Holland & Knight's Energy and Natural Resources Blog post on March 16, 2020, "Midstream Providers Can Prepare for the Next Wave of Restructurings," the dual impact of a COVID-19 demand slump and market pricing...more

Opportune LLP

Q&A With Opportune Managing Partner David Baggett: Oil & Gas Restructurings Signal Paradigm Shift

Opportune LLP on

Opportune Managing Partner David Baggett shares his thoughts on how oil and gas restructurings may signal a paradigm shift in the industry. ...more

Holland & Knight LLP

Midstream Providers Can Prepare for the Next Wave of Restructurings

Holland & Knight LLP on

Even before coronavirus concerns, the slump in oil demand placed considerable financial stress on oil exploration and production companies. With Saudi Arabia and Russia unable to reach an agreement on crude production, oil...more

Gray Reed

Midstream Dedications – Colorado Bankruptcy Court Levels the Playing Field

Gray Reed on

Until Monarch Midstream v. Badlands Energy, midstream companies facing rejection of their contracts in a producer’s bankruptcy were left with Abraham Lincoln’s least favorite negotiating option: If the both law and the facts...more

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