News

Law360 Features Comments from John Melko on Why Decreasing Oil Prices Have Increased Legal Work

02.11.15

Law360 covered how decreasing oil prices have caused producers across the Eagle Ford Shale and other major oil and gas plays to cut costs and scale back operations. Consequently, lawyers are being presented with new opportunities across many practice areas. Transactional attorneys are advising clients to cut their rates to help recover from the drop in oil prices, and insolvency and restructuring attorneys are guiding companies that need to revamp their balance sheets and renegotiate loan terms to stay afloat.

Gardere Partner John P. Melko, chair of the Firm's Financial Restructuring and Reorganization Practice Group, told the publication: "What we have seen at this stage is more of what continues to be a cooperative effort between service providers and the exploration and production companies to try to rework the terms of existing contracts."
 

The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.

Search Tips:

You may use the wildcard symbol (*) as a root expander.  A search for "anti*" will find not only "anti", but also "anti-trust", "antique", etc.

Entering two terms together in a search field will behave as though an "OR" is being used.  For example, entering "Antique Motorcars" as a Client Name search will find results with either word in the Client Name.

Operators

AND and OR may be used in a search.  Note: they must be capitalized, e.g., "Project AND Finance." 

The + and - sign operators may be used.  The + sign indicates that the term immediately following is required, while the - sign indicates to omit results that contain that term. E.g., "+real -estate" says results must have "real" but not "estate".

To perform an exact phrase search, surround your search phrase with quotation marks.  For example, "Project Finance".

Searches are not case sensitive.

back to top