“Parties’ Words Matter” – New Houston Bankruptcy Court Decision in Chesapeake-ETC Dispute Provides Alternative Paths for Challenging Midstream Contracts
By EsqSocial Corporation 30/10/20
Over the past five years, bankruptcy courts have analyzed whether oil and gas producers’ contracts with midstream oil, gas, and produced water companies may be rejected if they create covenants running with the land. Through decisions in the Sabine Oil & Gas Corp., Badlands, and Alta Mesa cases, bankruptcy courts in New York, Colorado, and Texas have wrestled with whether midstream agreements burden real property interests, making them binding on the restructured debtor or a successor in...
By: Jackson Walker