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Upstream

Thompson & Knight has counseled oil and gas clients for more than 120 years, and we are one of the only large law firms in the United States with a separate Oil and Gas Practice Group.

Overview

Thompson & Knight has counseled oil and gas clients for more than 120 years, and we are one of the only large law firms in the United States with a separate Oil and Gas Practice Group. Additionally, many of the Firm’s attorneys have prior industry experience, including as petroleum engineers, in-house counsel, auditors, landmen, and bankers.

Thompson & Knight’s attorneys “are absolute experts on oil and gas transactional work.” – U.S. News – Best Lawyers® “Best Law Firms” 2019

Our upstream experience includes:

  • Acquisitions, mergers, sales, and joint ventures;
  • Negotiations, drafting, and interpretation of the full range of oil and gas contracts;
  • The acquisition of host government contracts;
  • Leases/licenses, concessions, production sharing agreements, and service contracts;
  • Acquisition, divestments, and merger agreements;
  • Market value and royalty deductions;
  • Surface use and damages issues;
  • Condemnation;
  • Lease interpretations, including continuous drilling clauses;
  • Horizontal and vertical relinquishments;
  • Limitation on title;
  • Instruments of ratification;
  • Title curative and trespass to try title actions;
  • Accounting procedure (COPAS) negotiations, drafting, and interpretation; and
  • Farm-in and farm-out transactions both in the United States and internationally.

Related Team

Andrew B. Derman

International Energy Practice Leader

Jeremiah M. Mayfield

Corporate and Securities Practice Leader

Ashley T. K. Phillips

Government and Regulatory Practice Leader