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News and Updates on Oil & Gas Legal Issues

Category Archives: Transactions

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Tariffic! Will Force Majeure Let Us Escape Our Contractual Obligations?

Posted in Louisiana Corporate Law, Tariffs, Transactions
The continuous reciprocation of tariffs between the United States and China could leave businesses and suppliers in a bind.  With rising costs of supplies, contracts that once appeared lucrative for a business could soon become a financial liability.  As there appears to be no end in sight to the tariffs, can a company claim force… Continue Reading

Personal or Predial Servitudes and Why It Matters

Posted in Oil and Gas Operations, Oil and Gas Production, Transactions
The new Austin Chalk play in central Louisiana is creating a resurgence of exploration activity in several rural areas.  Exploration companies have already begun leasing hundreds of thousands of acres in order to develop and produce minerals. A key component in developing the Austin Chalk is securing passage to the drill-sites.  Drill-sites are often located… Continue Reading

Can Parties Form an Enforceable Contract to Sell Assets Based on Exchanged Emails When the Bid Procedure Required a Purchase and Sale Agreement? Texas Court of Appeals says Maybe

Posted in Transactions
A recent Texas case highlights the importance of making clear which agreements are binding and which are not.  In Le Norman Operating LLC v. Chalker Energy Partners III, LLC, No. 01-15-01099-CV, 2017 WL 4366265 (Tex. App. Oct. 3, 2017), a group of sellers of oil and gas interests closed a transaction with Jones Energy to… Continue Reading