Over the past year, a once obscure issue took on huge significance in the oil patch. To wit, do gas-gathering contracts between “midstream” service companies and production companies (E&Ps) constitute real property interests? As Reed Smith notes in a recent client memo, a “gathering agreement refers to a contract that provides for collecting gas or other commodities at the point of production, and for moving it through a pipeline system to a junction with a pipeline’s primary transmission system”.
Become a Member
Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.