What happens when your operator files Chapter 11 overnight? This article explores the practical issues non-operators face in operator bankruptcies, including the automatic stay, JOA rights, revenue recovery, operator replacement, and protecting working interests.
The United States Fifth Circuit recently delivered a victory for parties both Debtors in bankruptcy and purchaser of property from the Debtors’ estate by affirming that...
In the wake of COVID and Winter Storm URI, the phrase “force majeure” has practically become a household term. But handling a force majeure dispute is not for the wary, as a variety of issues and complications can arise.
This article is from the McGinnis Lochridge Oil & Gas newsletter, Producer’s Edge – Vol. 4, Issue 1. Read the full newsletter here. In King Operating Corp. v. Double Eagle Andrews, LLC, the Eastland Court of Appeals was required to determine the superior ownership to between two lessee with competing...
In Tier 1 Resources Partners v. Delaware Basin Resources, LLC, the El Paso Court of Appeals held that a lease covering two 640-acre sections of land terminated as to one 640-section at the end of the lease’s primary term.
Following removal from State Court, the Plaintiff challenged the federal trial court’s jurisdiction over the Plaintiff’s personal injury claim.
