“To spud or not to spud,” that was the question before the Texas Supreme Court in determining whether a lessee, Sundown Energy, maintained a lease on non-producing acreage under the lease’s continuous drilling provisions.1...more
Class actions involving oil-and-gas leases and royalty payments are on the rise. In this program, V&E lawyers will discuss recent developments in the royalty class action space – including recent certification orders and...more
Aided by terms of art and a long history of precedent, parties entering an oil and gas lease can generally choose from common, time-tested clauses to serve their needs. Yet we know from practice that royalties and allocating...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
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