Articles

Joseph Esmont, Scott Prince Review Litigation Over Midstream Dedications

Articles / March 15, 2021

Partner Joseph Esmont and Associate Scott Prince authored an article published in the March 2021 issue of ABI Journal. The article, “New Decisions Heighten the Threat to Midstream Dedications,” discusses recent bankruptcy litigation involving penalties for failing to provide minimum amounts of oil and gas to processors and transport firms (the “midstream” segment of the market) and “dedications” purporting to run with the land and grant one midstream firm exclusive rights in a particular area. Esmont and Prince write that on “multiple occasions this year, this litigation decided whether a midstream firm had a nine-figure unsecured claim or a nine-figure burden on the debtor’s primary assets.”

Read the article (registration required).

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