Breach of covenant to administer lease — must the operator use the latest drilling and completion technology?
Today Blawgletter continues our seven-part series from the 66th Annual Oil & Gas Law Conference in Houston with part 2. We turn now to an issue that had more resonance when high prices dominated and made a call
Good faith and fair dealing
New York law "implies" a duty in all contracts — a duty to perform promises in good faith.*
Does that mean a party must adjust a contractual benchmark rate if it knows something has distorted the benchmark?
Yes, the Second Circuit held in Security Plans, Inc. v. CUNA
With Texas now hosting many of the world’s largest corporations,* our public policy has shifted from a patriarchal one in which we valued uniform treatment of Texas employees from one employer to the next above all else, to one in which we also value the ability of a company to maintain uniformity in