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This session will explore the effects of the recent rash of bankruptcies in the upstream oil and gas sector (Extraction, Chesapeake, etc.) has on midstream oil, gas and water contracts Specifically, what effect does a producer's ability to reject an acreage dedication in bankruptcy have on the terms and economics of midstream contracts. Furthermore, are there alternative legal and contract structures that could return the original risk-reward proposition?
Learning Objectives:
Evaluate acreage dedications and covenants running with the land
Recognize executory contracts and why an acreage dedication is now viewed as an executory contract