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1. Chapter 27: IMPACT OF BANKRUPTCY ON JOINT OPERATIONS.

Author

Gibbs, Charles R. and Schultz, Sarah Link

Subjects
JOINT operating agreements, BANKRUPTCY, LIQUIDATION
Abstract

Chapter 27 of the book "Proceedings of the Rocky Mountain Mineral Law Annual Institute" is presented. It explores the problems arising in chapter 11 that relate specifically to the often standardized joint operating agreements (JOAs) that facilitate the drilling of oil and gas wells in the U.S. and Canada. It highlights that the purpose of chapter 11 is to allow a business to continue in existence rather than face liquidation.

Published
2010

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