Member Article

You can’t open up the paper these days without news of declining oil prices and fears of uncertainty for the oil and gas industry. As part of Haynes and Boone’s alert series on this topic, we continue our review, this time focusing on the contango spread and how market participants are responding. It seems like there is a sprint taking place to lock in the benefits of the current contango spread. Is your company running, walking or standing still? We are discussing with market participants a unique concept called “purchaser intermediation,” which provides an innovative structure that has numerous advantages for companies involved in the upstream, midstream and finance sectors in this current contango environment. Regardless of the pace of your response to the current market, there may be valuable options you have not yet considered.

To read the full alert, click on the PDF linked below.

Sprinting-to-Chase-Contango.pdf

For additional information, please contact one of the lawyers listed below.

Please click here to view prior articles in our series.