Apr 29, 2020 | COVID-19 Resources, News and Events
This morning the Louisiana Mineral and Energy Board held a special meeting via Zoom to consider resolutions to grant certain relief to lessees of oil and gas lease and operating agreements granted by the State of Louisiana. The resolutions adopted grant a temporary...Apr 28, 2020 | Articles, COVID-19 Resources
What is force majeure and how is it different from an act of God? The term force majeure is French for “a superior force”; it’s sometimes called a fortuitous event. A force majeure clause is a contract provision that allocates the risk of loss if performance by a...Apr 23, 2020 | COVID-19 Resources, News and Events
On April 29th, the Louisiana Mineral and Energy Board will hold a special meeting to consider adopting a resolution to assist lessees of oil and gas leases issued by the State of Louisiana. As the proposal is currently drafted, the State would grant a temporary...Apr 22, 2020 | COVID-19 Resources, Drill Deeper Blog
Ten years after the Deepwater Horizon oil spill, marine operators are now facing a new challenge: how to safely continue operations during a worldwide pandemic. Aside from the overarching risk to the health of their employees, exposure to COVID-19 can also result in...Apr 20, 2020 | Articles, COVID-19 Resources
As the COVID-19 crisis continues, companies should check to see if their agreements allow for termination or nonperformance upon the occurrence of a “material adverse change” or “material adverse effect” (often called a MAC). MAC clauses are...Apr 15, 2020 | COVID-19 Resources, News and Events
Yesterday (04/14/2020), the Texas Railroad Commission held a virtual public hearing on the motion of Pioneer Natural Resources U.S.A., Inc. and Parsley Energy, Inc. asking the Commission to use its power of proration to combat the sudden collapse in demand and prices...