negotiating midstream contracts

Our oil and gas lawyers represent midstream owners, exploration companies and landowners during oil and gas lease acquisitions and right-of-way negotiations. Mr. Shelton is a graduate of Linfield College where he earned a Bachelor of Business degree with a focus on marketing. Negotiating the right contract is vital to a government’s efforts to reap the benefits of its natural resources. Midstream companies that rely on long-term producer contracts or steady revenue streams for moving hydrocarbons need to act quickly to mitigate the risks of a potential producer insolvency. Legal advice to Pemex and its subsidiaries in Upstream, Midstream and Downstream contracts. Possesses expert knowledge of Oil & Gas Industry and possesses specialized knowledge (e.g., pipeline construction, onshore rigs, offshore rigs) in order to deliver complex contracting requirements to the business. ... Re-negotiating Terms. HighPoint Energy Services is a Consulting and Advisory company that provides comprehensive Commercial Solutions and Energy Marketing services to the Upstream E&P and Midstream sectors. Represented several publicly traded Houston-based energy companies in Midstream companies should review pipeline contracts to evaluate risk of rejection in the event of a bankruptcy by the upstream producer. Medallion Midstream’s founder has nearly 35 years of experience in the natural gas midstream business in a variety of operational and commercial leadership roles. Energy Marketing, Risk management, Contract Negotiations Representing wind, solar and alternative energy companies. CFO analysis, advice and commentary on corporate tax, accounting, regulation, capital markets, management and strategy. Key Considerations for Midstream Companies Facing Distressed Producers (6) Midstream contracts that limit equitable remedies like specific performance and injunctive relief, but instead provide for liquidated damages or easily ascertainable contractual damages, may indicate that the parties did not intend for the contract to run with the land because such contractual remedies are purely related to personal property transactions. My last example is not one for faint of heart and one that I hope no-one runs into after reading this article. We advise you on vital issues affecting your company, such as: Background midstream contracts is a more powerful strategy for an E&P debtor, but fraught with dilutive risk for creditors •E&P debtor should seek non-reimbursable deposit from “conditional” asset bidder, discourages “wait & see” •A robust process can generate backup bidders with different views on G&P contract economics – backup Whether the contract is for the purchase and sale or processing of oil and gas; for the engineering, procurement, and construction of pipelines and other facilities; or for master purchase or service agreements; there are many critical areas attorneys and … Negotiating Leverage: The most important consideration at the outset is who has the leverage. LNG Contracts and Price Negotiation Day One: Dynamic of Downstream, Midstream, Upstream & Contract Law • Introduction to LNG & Sales Contracts • Training objectives • key terms and definition • The main international industry players Asset “drop downs” for midstream MLP transactions; Acquisitions and divestitures of crude oil and refined product pipelines and terminating facilities; Acquisitions, divestitures and financing of LNG facilities; We also assist clients with the negotiating and drafting the operational contracts relevant to the pipeline industry, including: Tyler is responsible for developing administrative platforms, diligence and administration of land, rights-of-way and contracts. In ... Producers commonly use the threat of rejection to renegotiate existing midstream contracts. Responsibilities include: • Approving and negotiating contracts for import, purchase and sale, transportation, storage, distribution, marketing and retail sale of hydrocarbons, petroleum and petrochemicals, credit agreements, Pemex´s gas station franchise contracts, port services contracts… https://www.profolus.com/topics/types-oil-and-gas-agreements Granting Instruments. Midstream Industry Risk. Energy and PE midstream backed start-up Swiss Army knife, with 10+ years of experience growing businesses from greenfield to billion-dollar divestitures under C-suite executives and VPs. Oil and gas producers should consider negotiating for price reductions in unfavorable contracts. Midstream companies do business through contracts, but often the details are only understood by the core team who creates them. From March 2005 until May 2010, Mr. Lentz served as Senior Vice President and Vice President, Commercial Operations with Penn Virginia Resource Partners, where he had direct responsibility for the midstream division’s day … This chapter will focus on the dif ferent types of contracts that are standard in the industry while also addressing the important public interest concerns that are too often neglected in contract negotiations. Contracts Negotiator. Contracts Commonly Found in the Oil and Gas Industry A. Apply to Plant Operator, Accountant, Maintenance Person and more! Midstream contracts often require one or both parties to post credit support upon triggers that are often subjective. Unless the contract is properly drafted, the second producer may be required to split connect the well to connect to their midstream provider or risk violating their agreement. Successful candidtate will; Support Client’s international and midstream businesses operations. 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negotiating midstream contracts 2021