E & P
West Texas operators are no strangers to risks. It’s nice when things go as planned, but how risks are managed over time is what makes operators successful. In this business process, partners are infinitely important. How you manage those relationships can determine your success. We help our clients successfully execute partner agreements by providing specialized wording to best specify and limit any assumed risks which are unique to each company, situation and contract. Let us help make sure all possible scenarios are accounted and planned for with each of your partner agreements.
POTENTIAL PARTNERS
o Investors
o Service Providers
• Drillers
• Acidizing & fracking companies
• Roustabouts
• Trucking companies
• Other Independent Contractors
o Employees
• Workman’s comp
• General ebb and flow associated with demand (contingent on the price of oil)
• Finding good people and training newbies that come over from other industries
• Protecting proprietary and competitive information
OTHER AREAS WHICH MAY REQUIRE PROTECTION
o Equipment & Assets
• Theft (common problem when oil prices are high)
• Normal wear & tear
• Damage
o Cyber Security
• What are the unforeseen threats and what you can do about them
o Pollution Exposure
• Leaks, damage and fire