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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