Midstream at Issue in Bankruptcy: Sabine is Upheld in the District Court

The Southern District of New York upheld a very closely watched decision of recent years affecting bankruptcies in the oil and gas industry.

Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Reed Smith LLP
Authors:
Paul B. Turner , Carol M. Burke , Lucas Liben , Reginald Sainvil
Location:
USA
Firm:
Reed Smith LLP
Decisions in Sabine Oil & Gas and Quicksilver Resources Inc. Bankruptcy Cases Will Have Broad Impact on Midstream and Exploration & Production Companies in the Oil & Gas Industry

Executive Summary New York bankruptcy judge allows Sabine Oil & Gas to reject gathering agreements over the objections of midstream companies, finding that the covenants do not run with the land.

Filed under:
USA, New York, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Reed Smith LLP, Bankruptcy
Authors:
Christopher O. Rivas , Paul B. Turner , Carol M. Burke
Location:
USA
Firm:
Reed Smith LLP