Sponsored by ABI's Business Reorganization Committee
Please join us for an overview and discussion of chapter 11 cases addressing the nature and treatment of oil and gas gathering agreements.
Since the 2016 decision in Sabine Oil & Gas, courts have grappled with whether midstream contracts contain real property covenants that “run with the land” and whether chapter 11 debtors can reject contracts with their midstream providers. In the most recent decisions on this issue (Extraction and Southland), the Bankruptcy Court for the District of Delaware found that the debtors’ gathering agreements did not satisfy the elements required to create such a real property covenant.
This CLE will cover (i) foundational law and principles regarding contract rejection and covenants “running with the land”; (ii) an overview of seminal cases, including the most recent decisions in Extraction and Southland; and (iii) a discussion of potential implications of recent case law and guidance for parties navigating this issue.
Thursday, January 7, 2021
12:30 - 1:45 PM EST
This webinar is free to attend, and CLE is available to members in qualifying states.*
Nicholas Baker
Simpson Thacher & Bartlett LLP
New York, NY
Daniel F.X. Geoghan
Cole Schotz P.C.
New York, NY
Bruce M. Kramer
McGinnis Lochridge
Houston, TX
* CLE credit is available to attendees in qualifying states. You must view the entire program in order to receive CLE credit. During the program, several numeric codes will appear at random intervals. Please keep track of these codes, as you will need them to confirm your attendance for a certificate. ABI charges an administrative fee of $5 for members and $25 for non-members upon requesting CLE credit for this program.
ABI’s live webinars are approved for CLE credit in AL, AR, CA, DE, GA, IL, MS, MO, NV, NM, NY, NC, OK, PA, RI, SC, VT and WV; available for credit in AK, AZ, CT, HI, NH and NJ; applied for in CO, FL, IN, IA, KS, ME, MN, MT, OH, TN, TX, UT, VA, WI and WY; and may be self-applied for in ID, KY, LA, NE, ND, OR and WA.
ABI will submit attendance to AL, DE, GA, HI, IN, KS, ME, MS, MT, NC, NM, NV, OH, OK, PA, RI, SC, TN, TX, UT, WV and WY.
Attendees from Illinois claiming credit more than 30 days after the event will be charged a $25 Illinois late-credit claim fee. All information necessary to claim credit will be provided with your certificate.
1.5 hours of CPE credit are also available. Attendees must have at least some detailed knowledge of insolvency matters (pursuant to the Statement on Standards for CPE Programs established by AICPA and NASBA). ABI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.nasbaregistry.org