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.
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