Transforming The Energy Industry With Salesforce
Acreage dedications in midstream oil and gas contracts have been subject to considerable scrutiny and legal debate in recent years. This article provides an overview of the current state of acreage dedications, examining key...more
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
According to the U.S. Energy Information Administration (EIA), the United States (U.S.) regular gasoline retail price as of the Monday before Labor Day fell to $2.22 per gallon this year, the lowest level for this time of...more
With its “all of the above” approach to reducing greenhouse gases, the Biden administration will undoubtedly increase the tempo of EPA enforcement in the upstream and midstream sectors. This Energy Series discussion is...more
Find out why the recent Colonial Pipeline cyberattack reinforces the need for modeling and creating a digital twin of a supply chain, which can go a long way in planning for uncertainty....more
Environmental, Social, and Governance (ESG) investing is rapidly becoming one of the most visible and durable megatrends in the oil and gas industry as momentum builds behind efforts to promote renewable energy,...more
Here’s why institutional investors, private equity firms and oil and gas companies facing ESG challenges should take a closer look into how they can take an active part in mitigating gas flaring....more
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 Director John Freeman discusses why the use of Salesforce is gaining momentum in upstream and midstream oil and gas applications to reduce costs and increase innovation. ...more
Opportune Managing Partner David Baggett shares his thoughts on how oil and gas restructurings may signal a paradigm shift in the industry. ...more
COVID-19 continues to wreak havoc on the global economy, and the oil & gas industry in particular is experiencing significant turmoil as demand has plummeted. Whether you are a company directly dealing with this economic...more
Oilfield services companies, like many others in the energy industry, are feeling the pain of low oil prices and reduced capital spending by upstream companies brought on by the global COVID-19 pandemic, which is reducing...more
Outsourcing or in-house? For many midstream oil and gas companies, this is a burning question in today’s market amid lower commodity pricing and cost-conscious operations....more
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
In a leading precedent handed down in 2018—Sabine Oil & Gas Corp. v. Nordheim Eagle Ford Gathering, LLC (In re Sabine Oil & Gas Corp.), 734 Fed. Appx. 64 (2d Cir. May 25, 2018)—the U.S. Court of Appeals for the Second Circuit...more
U.S. Government’s Continued Focus on Large Ship Air Emissions - The U.S. Environmental Protection Agency (“EPA”) and the U.S. Coast Guard (“USCG”) continue to signal interest in addressing air pollution from large ships...more
In late 2017, midstream services providers (each, a “Midstream Provider”) began in earnest to offer forms of additional upside compensation to oil and gas lessees/operators (each, an “Upstream Shipper”) in exchange for...more
In the early 1990s, several MLPs converted into REITs to take advantage of better capital formation opportunities, but the REIT structure was not suitable for many midstream assets. Recent IRS guidance suggests this historic...more
The real estate investment trust (REIT) has been a preferred vehicle for investment in income producing real estate portfolios. The REIT provides investors with many federal income tax benefits associated with C-corporations,...more
On December 20, 2019, the Bankruptcy Court for the Southern District of Texas in Alta Mesa Holdings, LP v. Kingfisher Midstream, LLC (In re Alta Mesa Resources, Inc.) held that dedications in gathering agreements create...more
Dedication language is critical in determining whether a gathering agreement creates a covenant running with the land. Midstream companies now have a roadmap for ensuring that a debtor remains subject to a midstream...more