Speaking Energy

We are pleased to share a recording of Akin’s recently presented “FERC Order No. 2023-A: What’s New and What’s Next?” webinar, along with the program materials.

The past year has been broadly characterized as one of limited public market activity and rising interest rates putting a dampener on access to capital. For the oil & gas industry, the volume of debt & equity offerings remained at historically low levels. With bank lenders and some institutional investors also continuing to retreat from the market, it has been a year in which alternative sources of capital have come to the fore.

We are pleased to share a recording of Akin Gump’s mid-year energy briefing that recently took place, along with the presentation materials.

(Houston) – Akin Gump is pleased to announce it has released its “2020 Energy Year in Review,” which examines the current state of the global energy market and highlights the energy matters with which the firm was involved last year across the following areas:

• Mergers, Acquisitions & Strategic Transactions
• Capital Markets
• Financing
• Project Development
• Financial Restructuring
• Energy Litigation.

Globe Law & Business, in its new book Oil and Gas Sale and Purchase Agreements, has included several chapters written by Akin Gump lawyers. The chapters and their corresponding authors are as follows:

• “Conditions precedent and deferred completions,” by oil and gas partner John LaMaster
• “Oil and gas warranties,” by oil and gas counsel Caroline-Lucy Moran
• “Environmental provisions in upstream acquisitions and divestitures,” by environment and natural resources partner emeritus Paul Gutermann
• “Decommissioning,” by oil and gas counsel Nicholas Antonas and partner Marc Hammerson
• “Anti-corruption provisions,” by international trade counsel Nicole D’Avanzo and partner Tatman Savio
• Oil and gas boilerplate provisions,” by John LaMaster

The dramatic decline in oil and gas prices that began in 2014 has led many financial sponsors and exploration and production companies to consolidate assets and focus their funds on areas that can generate economic returns despite the depressed oil prices. Recent transactions have evidenced that prospective buyers have become aggressive with respect to the size, scale, and price that they are willing to pay to gain contiguous acreage positions. If executed properly, there are clear benefits to basin consolidation; however, companies should carefully review and evaluate the risks attendant with their proposed acquisitions prior to making any investments.