3 Kinds Of Legal Battles Being Fueled By Low Oil Prices
Law360, New York (October 30, 2015, 5:39 PM EDT) -- With the plunge in oil prices into its second year, the financial squeeze on the U.S. oil patch is only getting tighter.
Companies continue to scale back drilling activity and cut costs in order stay afloat, setting the stage for more contract, trade secret and environmental cleanup fights.
Project owners and their drilling partners, oil field service contractors, and the landowners they lease drilling rights from are all fighting to maintain their piece of a shrinking financial pie.
And with oil prices not expected to significantly rebound anytime soon, attorneys expect more and more of those fights to end up in...
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