19Nov
Additional Guidance for Drafting Dedications: Delaware Bankruptcy Court Rejects Southland Dedication
The oil and gas industry in the United States is highly dependent upon an intricate set of agreements that allow oil and gas to be gathered from privately owned land. Historically, the dedication language in oil and gas gathering agreements—through which the rights to the oil or gas in specified land are dedicated—was viewed as being a covenant that ran with the land. That view was put to the test during the wave of oil and gas exploration company bankruptcies that began in 2014. A shockwave was...
By:
Shearman & Sterling LLP
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