Patrick M. Ryan,left, and Francis J. Lawall,right, of Troutman Pepper Hamilton Sanders. Courtesy photos Rejecting Midstream Gathering Agreements in Bankruptcy—Yes, No, Maybe?
As gas and oil producers struggle to adjust to a new reality, transportation services agreements may be back on the chopping block in Chapter 11.
October 29, 2020 at 12:14 PM
7 minute read
In 2020, we've become all too familiar with the struggles of some of our most profitable retailers, airlines, movie theaters, and manufacturers, as well as the gas and oil producers upon which many of these industries rely. The resultant surge in restructuring activities, including Chapter 11 proceedings, among gas and oil producers is the highest in years.
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