News & Analysis as of

Purchase Agreement Oil & Gas Energy Sector

Opportune LLP

The First 100 Days

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In today’s world of technology and investment into best practices, it is surprising how unique each oil and gas asset transaction can be. Companies spend countless hours and investment into standardizing a process for...more

Gray Reed

A Twist in Oil Patch Arbitration

Gray Reed on

Would you trust your $12 million arbitration to accountants rather than lawyers? Sometimes it makes sense. In Order_Apache v. YPF SA, delegating an accounting dispute to accountants was right. The problem was in the...more

Gray Reed

Texas Supreme Court Dabbles in Bankruptcy Law

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Noble Energy Inc. v. ConocoPhillips Company, a 6-to-3 Texas Supreme Court decision, is a reminder of two things: How parties to a property transaction describe what’s being acquired and what’s being left behind can have...more

Gray Reed

TXO v. Vela Remembered in a Gas Royalty Case

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Westport Oil & Gas Company, L.P. v. Mecom et al. presented this question: Was the lease royalty based on a gas purchase agreement formula or on the royalty clauses’s market value at the well provision? Spoiler alert:...more

Gray Reed

Back to the Bulgarian Bad Guy, So Say the Justices

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My blogging sensei Cordell Parvin says the title should always inform the reader of the content. Mea culpa on this one; I couldn’t resist the alliterations. Some time back I reported on Carlton Energy Group et al v....more

Gray Reed

Perils of “Other Provisions” in the Model Form JOA

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Scriveners, when you add those “Other Provisions” in Article XVI of your model from JOA’s, are you sure that the document remains internally consistent, that no “Other Provision” conflicts with the form?...more

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