July 2016, Vol. 243, No. 7

Features

Another Bite at the Apple: Renegotiating Rates with Distressed Shippers

It is no secret that oil and gas producers are facing exceptionally challenging market conditions that have persisted for almost two years. Prognosticators may have different thoughts as to when oil prices will fully rebound, but it is telling of just how dire the circumstances have become when $40 a barrel is celebrated as a source of optimism. The prolonged period of depressed commodity prices has wreaked havoc in the upstream sector. This havoc, however, is no longer confined to the upstream sector and is starting to bleed into the midstream sector. By way of example, much has been written about a bankruptcy court’s recent decision to allow Sabine Oil & Gas Corp., which filed for ban

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