News
Know When to Hold ‘em and Know When to Fold ‘em – Managing Deal Fatigue During the Negotiation Process ~ Part 2
Upon completion of the majority of due diligence, frustration with the transactional process has generally started to set in, at least for sellers. However, the process is far from over. If a purchase and sale agreement has not already been signed, the real...
A “Momentous” Supreme Court Term
The United States Supreme Court was back in action on Monday, October 2, 2017, and is now moving into what Justice Ruth Bader Ginsburg says is going to be a “momentous” upcoming term. This will be the first full term for Justice Neil M. Gorsuch, who replaced Justice...
Know When to Hold ‘em and Know When to Fold ‘em – Managing Deal Fatigue in Mergers and Acquisitions ~ Part 1
Anyone who has ever purchased a car or bought a house knows that purchases and sales of large assets are stressful, time-consuming, expensive, and involve more paperwork than expected. In many transactions, either or both parties reach a point in the process where...
Standing to Challenge Decisions Approving Federal Units or Suspending Federal Leases
Non-governmental organizations that oppose oil and gas development have in the last few years begun to challenge not only Bureau of Land Management (BLM) decisions authorizing oil and gas drilling operations but also BLM decisions that could have the effect of...
Colorado Supreme Court upholds optional liquidated damages provisions
This week the Colorado Supreme Court answered a lingering question about liquidated damages provisions; namely, are they enforceable if the non-breaching party can elect to pursue actual damages instead? The Court said yes. Ravenstar v. One Ski Hill Place, 2017 CO 83....
A New Order Under the New Administration: The DOI Seeks to Streamline the Federal Leasing Process
On July 6, 2017, Department of the Interior (“DOI”) Secretary Ryan Zinke signed Secretarial Order No. 3354, “Supporting and Improving the Federal Onshore Oil and Gas Leasing Program and Federal Solid Mineral Leasing Program.” In an accompanying press release,...
Welborn Attorneys Named Among the Best in America for 2018
Additionally, 10 Welborn attorneys in 15 Practice Areas were selected for inclusion by their peers in the Best Lawyers in America® 2018. Congratulations to Brian Tooley, Carolyn Burr, Ed Blieszner, Hampton O'Neill, John Masterson, Keith Tooley, Ken Barbe, Ken Jones,...
What Contract? Unsigned Email Satisfies Signature Requirement under Texas Statute of Frauds
The Statute of Frauds is an age-old law requiring certain agreements be in writing and signed by the parties to be a binding contract. If you are thinking calligraphy, feathered pens, and beautiful cursive signatures, think again. A Texas Court of Appeals recently...
Extension of Federal Oil and Gas Leases
Operators who do not regularly operate on federal lands may be surprised to discover that, unlike the typical private lands oil and gas lease, a federal lease does not contain a drilling operations clause that would extend the lease beyond the expiration of its...
Special Needs Trusts for Individuals with Disabilities
Special needs trusts are a helpful planning tool if a client has a disability or has family members or friends who are disabled. These kinds of trusts are designed to preserve a disabled person’s eligibility for government benefits. Monthly income and the value of...
Welcome Mallory Hasbrook
Welborn is pleased to announce that Mallory Hasbrook has joined the firm as an associate in our Denver office. Mallory's practice will focus on oil and gas title matters. Read our Press Release here.
Don’t Slay the Drones – New FAA Guidance for Recreational and Commercial use of Unmanned Aerial Vehicles
Lately, it seems like drones are everywhere. From flying over crowds at concerts to monitoring pipelines for leaks, drones are here to stay. As popular as drones have become, however, there is little consistent regulation from state to state, causing confusion and...