What Did I Just Buy? Problem Spotting for Non-Operators under Inherited JOAs written by Andrew Clinton Perhaps no routinely utilized form in the oil and gas industry is as misunderstood and loathed as the Joint Operating Agreement (“JOA”). Despite numerous attempts to standardize the JOA, as a Non-Operator, you’ve likely received a zip folder of… Read more »
Master Service Agreements (Emphasis on Service) written by Matt Reynolds Whether you have just acquired your new oil and gas assets, acquired an operating company with an existing stable of vendors, or are preparing to kick off drilling and development, every operating entity needs to shift its focus to Master Service Agreements (“MSAs”). MSAs are… Read more »
Do I Need a Contractor or a Consultant? A Look at MSAs and CSAs written by Matt Reynolds In the modern energy industry, it’s impossible to do everything on your own. Every operator needs to engage suppliers, manufacturers, wellsite equipment and manpower, independent engineers, surveyors, and a whole host of other service providers to complete… Read more »
Meet the New Boss Same as the Old Boss – Diligence of New Employment and Confidentiality Agreements written by Andrew Clinton So, you’ve acquired a new asset and, in the process, new employees who are potentially subject to existing Employment Agreements (“EAs”) and Confidentiality Agreements (“CAs”). What is a good course of action to protect… Read more »
Resources to Guide Your Company Through Initial CTA Filing written by Kaysha Spoon So, your business is subject to the newly effective Corporate Transparency Act. Now what? First, watch this informational video from FinCEN to better understand the CTA and its general provisions. Be aware that many types of businesses are exempt from reporting under… Read more »
I’m a Beneficial Owner, What Information Do I Have to Report for the CTA? written by Miranda Caballero 2024 is here, and now businesses and individuals involved in these businesses have to comply with the CTA’s reporting requirements AND that New Year’s resolution to finally start hitting the gym. The CTA is serious business, but… Read more »
The Corporate Transparency Act is Here: All Business Owners Beware! written by Miranda Caballero In pursuing a fair and accountable business landscape, the Corporate Transparency Act (“CTA”) stands as a monumental stride towards transparency and legitimacy. This transformative piece of legislation, effective as of January 1, 2024, introduces crucial reporting requirements that aim to revolutionize… Read more »
Tell Us What You Want; What You Really, Really Want: JOAs and Saltwater Disposal Lease written by Matt Dishong It has been said that the first secret to getting what you want is knowing what you want. The process of drilling an oil or gas well and subsequently obtaining production from the same is complex… Read more »
Oh Yeah, We Handle Those Too: Credit Agreements & Asset-Based Loans written by Miranda Caballero Credit Agreements and Asset-Based Loans (“ABLs”) are both financial arrangements companies use to secure funding, but they have critical differences in structure, collateral, and flexibility. When considering financing options for your business, choosing between Credit Agreements and ABLs is a… Read more »
Renewable Energy Is Hot, Hot, Hot: A Look At Solar and Geothermal The foundation of our Renewable & Energy Transition practice area is renewable energy, and just as the types and methods of renewable energy production evolve, so does our work in the space. Whether you are developing your first project in geothermal energy or… Read more »
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