Rejection Of Oil And Gas Contracts Can Only Go So Far

Law360, New York (March 9, 2016, 11:58 AM EST) -- On March 8, 2016, New York Bankruptcy Judge Shelley Chapman announced her much-anticipated decision in the Chapter 11 cases of Houston-based Sabine Oil & Gas Corp. and its affiliates (collectively, "Sabine"). She held that Sabine could reject two oil and gas gathering contracts (collectively, the "Agreements") with Nordheim Eagle Ford Gathering LLC relating to Sabine's oil and gas interests located on a third party's real property (the "mineral interests"). However, Judge Chapman held that, as a procedural matter, she could not decide the underlying disputed real property issues of whether the rights granted under the Agreements are property rights ("covenants running with the land"), or mere contractual rights....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!