Volumetric production payments, overriding royalty interests, and net profit interests have been used for decades by financial institutions and oil and gas exploration and production companies as mechanisms for funding oil and gas operations and securing repayment. Recent decisions under US federal and state law as to whether the grant of an overriding royalty interest in a financing transaction is a conveyance of real property or an assignment of collateral as security for the financing may affect financing transactions in offshore operations in the Gulf of Mexico.
Please join us as we discuss the uncertainty in these vehicles in light of these recent court decisions.
Wednesday, June 4, 2014
10:00 a.m. – 11:15 a.m. CDT
CLE credit is pending.
Instructions for accessing the program will be sent prior to the event.