In some ways, the “new normal” oil and gas downcycle resembles the old normal.

“We are seeing expected trends in unprecedented times,” Reagan Marble, who specializes in complex energy litigation and transactions in Jackson Walker’s San Antonio office, told So, whether it is a global pandemic/recession/price war or a garden-variety glut, the legal fallout follows a pattern.

Three trends of litigation have emerged since the March 9 crash, Marble said, that apply to oil and gas companies, as well as landowners:

  • Lease termination disputes;
  • Post-production cost disputes; and
  • Bankruptcy.
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