If the forecast by Norwegian energy research firm Rystad Energy is true, the number of energy bankruptcies from the coronavirus-driven oil crash will eclipse that of the last bust.
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Impressions from the TRRC’s Historic Decision Against Prorationing
The Texas Railroad Commission rejected a motion by Pioneer Natural Resources and Parsley Energy to order statewide production cuts. But the commissioners instituted a number of alternative measures intended to provide temporary relief to the Texas oil and gas industry. This article has the details.
Kirkland’s Fielding Explains Why a Win for a Door-to-Door Solicitor Is Actually Positive
A federal appeals court recently told a town in Colorado that it could not impose a door-to-door soliciting curfew on one of the largest pest control companies in the nation. But the ruling does more than allow the company to knock on residents’ doors at dinnertime; it’s a landmark First Amendment victory too. Natalie Posgate learned more from Jeremy Fielding, the Dallas attorney who prevailed.
Justice Lehrmann, Husband Test Positive for Covid-19
Texas Supreme Court Justice Debra Lehrmann has reportedly tested positive for COVID-19, becoming the first state official known to be infected with the novel coronavirus. Justice Lehrmann confirmed the diagnosis in an interview with The Dallas Morning News.
Flying Cars: Who’s Directing Traffic?
North Texas is ground zero for flying car innovation. Last September, Uber Elevate announced plans to situate the first test site for its fleet of all-electric flying taxis at Frisco Station, one block north of the Dallas Cowboys’ practice facilities. But as is often the case, the speed of technological innovation has outpaced legal regulation. Attorneys at Carrington Coleman examine the emerging legal questions.
SCOTX: “Anti-Washout” Clauses Can Violate Texas Constitution
In a case closely monitored by oil and gas interests, the Texas Supreme Court has ruled that contract clauses designed to perpetuate royalty interests from lease-to-lease can violate the rule against perpetuities. But the outcome of the case itself is less explicit, as Janet Elliott, who has been following the case, explains.
Three Energy Companies, Seven Firms: The Latest on SDTX’s Bankruptcy Docket
The Southern District of Texas has been a hub for corporate bankruptcies for some time, but even more so now as energy companies continue to be crippled by the one-two punch of the coronavirus outbreak and oil price war. Natalie Posgate explains the circumstances behind three new energy bankruptcies in Houston and identifies their lawyers.
Founder of Dallas Boutique Joins Bradley
Bradley Arant Boult Cummings has expanded its practice offerings in Dallas by hiring David Pratt, who specializes in commercial real estate transactions. Pratt was most recently at Johnston Pratt, a
Covid-19: A Bankruptcy Pandemic
The country is about to witness an unprecedented number of corporate bankruptcy filings. Companies that were otherwise healthy 90 days ago or at least had a fighting chance of avoiding a trip through the bowels of bankruptcy are now faced with the grim reality of a Chapter 11 filing. Gary Kennedy, who guided American Airlines through one of the most successful corporate bankruptcies in history, provides guidance for companies facing restructuring.
Willkie Farr Adds Pair of Corporate Energy Lawyers in Houston
Willkie Farr announced Tuesday that it has added two experienced corporate M&A lawyers – former McGuire Woods partner Jay Hughes and former Grizzly Energy General Counsel Jonathan Curth – to its Houston office.