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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Energy

Date & Time
  • event Date

    Thursday, October 4, 2018

  • schedule Time

    1:00 PM E.T.

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

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MSRP
$297.00
$247.00
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Discount expires 8/29/25

This course is $0 with these passes:

CLE
ALL

This CLE course will guide energy professionals on the market trends driving recent joint ventures (JVs) in the oil and gas industry. The panel will examine structuring JVs and the considerations to weigh in the midstream and upstream spaces, such as transferability, financing, preferential purchase rights, tax, and liability allocation. The panel will review DrillCos, a large-scale drilling joint venture arrangement.

Description

The energy industry is responding to changing marketplace conditions and economic, operational, and other challenges by forming JVs to spread costs, overcome limitations and mitigate risk. These include JVs that potentially may be between upstream companies, midstream companies, private equity and/or venture capital firms.

The potential parties to a JV must weigh several considerations when determining what type of structure to use, including issues regarding the transferability of the interests acquired, financing, management, tax and others. The parties must delineate the scope and purpose of the JV and define what business activities the JV can and cannot do, as well as address potential conflicts with the parties’ other businesses.

Listen as our authoritative panel of energy professionals discusses the market trends driving recent joint ventures in the oil and gas industry, as well as structural options. The panel will also examine several issues related to joint ventures within both the midstream and upstream spaces, such as management and control, transferability, financing, area of mutual interest provisions, handling consents and preferential purchase rights and tax issues.

Outline

  1. Market trends
  2. Midstream JV structures
  3. Upstream JV structures
    1. DrillCos
    2. Other structures
  4. Key Issues
    1. Midstream JVs
      1. Funding and Default
      2. Management
      3. Transfer Restrictions
      4. Future Capital Projects
      5. Area of Mutual Interest/Conflicts
    2. Upstream JVs
      1. Carry
      2. Transfer Restrictions
      3. Financing
      4. Consents / preferential purchase rights
    3. Tax Considerations

Benefits

The panel will review these and other essential issues:

  • What are the structuring alternatives for midstream and upstream JVs?
  • What are the principal terms to negotiate when structuring DrillCos? What are the areas of potential concern with DrillCos?
  • What are the formation and operational issues to address with upstream and midstream JVs?