An Uncertain Fate For Oil And Gas Midstream Agreements

Law360, New York (February 26, 2016, 10:16 AM EST) -- Over the last several months, a dispute has been brewing in the Sabine Oil & Gas Corporation bankruptcy that has potentially broad impact on midstream agreements throughout the oil and gas industry. In the bankruptcy court, Sabine seeks to "reject" three gas or condensate gathering agreements, meaning that it would no longer be bound by the contracts, with a plan to, in at least one instance, "enter into an agreement with an alternative gatherer to provide substantially similar services ... at market rates."...

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