Southland Can Reject Gas Gathering Deal In Ch. 11

Law360 (November 13, 2020, 5:56 PM EST) -- A Delaware bankruptcy judge ruled Friday that bankrupt gas driller Southland Royalty can reject a gas gathering agreement with affiliates of The Williams Cos. and sell the operating assets subject to the deal free and clear of any obligations under the contract because it is not a covenant that runs with the land.

In the opinion, U.S. Bankruptcy Judge Karen B. Owens said the issue of whether contracts dealing with the production, gathering and transportation of oil and natural gas products can be rejected in bankruptcy has drawn split decisions in different jurisdictions, but determined that Southland and Wamsutter LLC never...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!