Oil & Gas Concepts

The principal agreement related to an energy transaction is typically the purchase agreement, which details the terms and conditions of a particular transaction and each party’s legal obligations related thereto. Within the oil and gas industry, transactions are usually characterized as upstream (exploration and production of hydrocarbons), midstream (transportation of hydrocarbons) or downstream/other (refining, oil field services). The slides linked below discuss common features, provisions and mechanics of purchase agreements in each sector of the oil and gas industry, and  discuss important environmental, regulatory and operational considerations.  Legal and financial implications surrounding oil and gas transactions vary, and those considering buying, selling or investing in oil and gas entities or assets should consult their legal advisors in order to fully understand and best navigate their transaction.

Please note, content is best viewed on a desktop computer.

Purchase Agreements (Upstream Deals)
Purchase Agreements (Midstream Deals)
Purchase Agreements (Other Assets)
Diligence Considerations
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.