Burr Alert: Trouble Down the Pipeline? What Sabine Oil & Gas Corp. May Mean For The Midstream Service Sector

Articles / Publications

Recently, the Bankruptcy Court for the Southern District of New York issued an opinion in In re Sabine Oil & Gas Corp. 1 that permitted the debtor, Sabine Oil & Gas Corporation ("Sabine") to reject certain gathering and condensation agreements as executory contracts under 11 U.S.C. § 365.

Because the midstream service sector finances the construction of pipelines, the costs of which are recovered over the life of gathering agreements, the Court's decision has the potential to lead to considerable upheaval in the energy sector.

Sabine, the representative debtor for some ten other corporate entities (collectively, the "Debtors"), is engaged in the acquisition, production, exploration, and development of onshore and natural gas properties in the United States. Following the merger of Sabine Oil & Gas, LLC and Forest Oil Corporation, Sabine became a party to two contracts with Nordheim Eagle Ford Gathering, LLC ("Nordheim").

To read the full article, download "Trouble Down The Pipeline? What Sabine Oil & Gas Corp. May Mean For the Midstream Service Sector"

Legal Disclaimer:

No representation is made that the quality of services to be performed is greater than the quality of legal services performed by other lawyers.

Related Professionals

Jump to Page
Arrow icon Top

Contact Us

We use cookies to improve your website experience, provide additional security, and remember you when you return to the website. This website does not respond to "Do Not Track" signals. By clicking "Accept," you agree to our use of cookies. To learn more about how we use cookies, please see our Privacy Policy.

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.