Texas Oil and Gas Gathering Systems Should Not Cease Gathering Service Without Considering Railroad Commission Rule 73
By EsqSocial Corporation 27/01/21
Texas oil and gas producers have recently faced economic challenges from low commodity prices brought on by a combination of the global pandemic and oversupply caused by the production dispute between Russia and Saudi Arabia. As a result, midstream companies, particularly oil and gas gathering companies, may find themselves facing the prospect of declining gathering volumes, and even missed minimum volume commitment payments, that make the gathering deal unprofitable or prevent the...
By: Locke Lord LLP