Oil And Gas Liens Assume More Prominent Role As Development Activity Increases

LexisNexis (February 10, 2023, 11:53 AM EST) -- With commodity prices skyrocketing and geopolitical events exerting an oversized impact on the oil and gas market, new oil and gas exploration and development activity in 2022 triggered major new investments. The outlook for 2023 suggests a clear upward trend even while the oil and gas industry is transitioning to clean energy long term. This uptick in activity means that lots of state-law liens designed to protect everyone from oil-field service providers to owners of rights in unextracted hydrocarbons may play a more prominent role and be the source of increased litigation in the coming years....