Sabine Ruling: What Pipeline Companies Can Do To Protect Their Contracts

November 2016, Vol. 243, No. 11

Houston-based Sabine Oil & Gas Corp. recently announced confirmation of the oil and gas exploration and production company’s plan of reorganization, allowing it to emerge from its Chapter 11 bankruptcy proceeding with just $350 million of its original $2.8 billion in debt. Facilitating that outcome, to a significant degree, was a May decision by New York Bankruptcy Judge Shelley Chapman that allowed Sabine to reject approximately $100 million in contractual obligations owed to two pipeline companies premised upon her interpretation of contract language creating a “covenant running with the land.. That language is included in…

Join PGJ Insider

Want to Read The Full Article? Become a PGJ Insider for FREE!

Continue reading this exclusive article. Login Sign Up! Join Today!

Join P&GJ Insider
PGJ Insider Benefits
  • Receive Monthly PGJ eNewsletter
  • Access Premium Content on (in-depth coverage; analysis; research)
  • Access PGJ Special Reports (e.g. PGJ 500)
  • Access PGJ Studies
  • Access PGJ Surveys
  • Access PGJ Whitepapers
  • Access PGJ Buyer’s Guide
  • Access PGJ magazine back-issues
  • Receive PGJ eMail Alerts – breaking industry news
  • Early invitation to PGJ Webinars
  • Early invitation to PGJ Events (e.g. Pipeline Opportunities Conference)
  • Enhanced no-charge listing in PGJ Buyer’s Guide

For over 150 years, Pipeline & Gas Journal (PGJ) has been the trusted source for information about the oil & gas pipeline industry worldwide. Join the Pipeline & Gas Journal (PGJ) community today as a PGJ Insider. Obtain access to valuable information and enhanced content. Receive important notifications.

Find articles with similar topics