Occidental Petroleum sued Sanchez Energy last week in a federal bankruptcy court in Houston, where Sanchez has been undergoing a Chapter 11 reorganization since last August. The lawsuit is tied to a $2.3 billion deal in the Eagle Ford that Sanchez entered with Anadarko, which is now owned by Oxy.
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SCOTX Rejects Federal Standard for TWC Air Ambulance Claims
In a big win for private insurance companies, the Texas Supreme Court said more than $50 million in disputed air ambulance fees were covered by Texas Workers Compensation standards, not federal aviation rules.
Joe Jamail Endowment for Veterans Legal Aid Hits $1M
A few months after the death of famed Houston trial lawyer Joe Jamail in 2016, another prominent attorney, Richard Mithoff, created an endowment to memorialize his life-long friend’s commitment to pro bono and military service. Since, the endowment has helped provide legal services to 8,800 veterans in Texas.
CDT Roundup: 8 Deals, 10 Firms, 50 Lawyers, $6.9B
The oil and gas industry is still reeling from “Black April” — when the NYMEX oil benchmark hit bottom and kept going. Last week two major price reporting agencies launched their own benchmarks aiming to solve the problem by setting the price of Texas oil in Texas.
Chesapeake Energy Officially Files Ch. 11 in Houston
Citing the need to eliminate $7 billion in debt, Oklahoma City-based Chesapeake Energy officially filed for Chapter 11 restructuring protection Sunday in the Southern District of Texas. Seven prominent corporate law firms, including Kirkland, Jackson Walker, Sidley, V&E and Akin Gump, are working on the bankruptcy.
Another Balance Sheet Bites the Dust in the Permian — Updated
Houston-based Sable Permian Resources is the latest energy company to fall victim to the COVID-19 crisis and the Saudi-Russia oil price war and file for bankruptcy protection as a result. But court documents reveal that the oil producer has been struggling with his balance sheet since 2016.
Five Texas GCs Ask Congress to Increase Legal Aid Funding
The chief legal officers at AT&T, Dell, Kimberly-Clark, LyondellBasell and Pioneer Natural Resources joined colleagues from across the U.S. in asking the U.S. Congress to significantly raise the amount of funding it provides to the Legal Services Corporation.
Chamberlain Hrdlicka Hires Houston Shareholder to Co-Chair Bankruptcy Practice
Jarrod Martin started his career as a clerk for a Houston federal judge.
Katten Adds L&E Practice in Dallas
Michael Gaston-Bell joins the firm from Haynes and Boone, where he was an associate.
Paxton’s Lawyers on Criminal Case Shuffle: ‘This Case Has Gone on Far Too Long’
It’s been five years since Texas AG Ken Paxton has been indicted for securities fraud, but the case is back to where it first began.
“Never in my wildest dreams did I think that that this case would be going five years later,” one of Paxton’s lawyers, Bill Mateja, told The Texas Lawbook. “Let alone that there would be two trips to the Court of Criminal Appeals, that we’d have the SEC case dismissed years before the criminal trial was even scheduled and that the case would be transferred to Harris County and back to Collin County.”