Monthly Archives: October 2024

Order of Operations – Negotiating JOAs During a Sale

Order of Operations – Negotiating JOAs During a Sale written by Andrew Clinton Selling an operated asset brings the traditional list of concerns and due diligence items, with none being more contentious and interrelated to the Buyer’s ultimate ability to operate that asset than the Joint Operating Agreement (“JOA”). Unfortunately, with many legacy assets, an… Read more »

Oil’s Well That Ends Well: Pre-Sale Curative Title Clean Up

Oil’s Well That Ends Well: Pre-Sale Curative Title Clean Up written by Kaysha Spoon When selling oil and gas properties, it’s crucial for an Operator to ensure that the title is clear and free from defects to maximize the transferred interest. This “curative” process involves addressing any title issues to prevent the Buyer from defecting… Read more »

Getting Ready to Sell: Disclosure Schedules

Getting Ready to Sell: Disclosure Schedules written by Tannon Symm Disclosure Schedules are a set of documents made up of exceptions and affirmative lists regarding a transaction, but before delving into what exceptions or affirmative lists are and why they are important, it’s paramount to have a grasp of representations and warranties. Whether they are… Read more »