Law360 Features Comments from John Melko on Why Decreasing Oil Prices Have Increased Legal Work

11 February 2015 News

Law360 covered how decreasing oil prices have caused producers across the Eagle Ford Shale and other major oil and gas plays to cut costs and scale back operations. Consequently, lawyers are being presented with new opportunities across many practice areas. Transactional attorneys are advising clients to cut their rates to help recover from the drop in oil prices, and insolvency and restructuring attorneys are guiding companies that need to revamp their balance sheets and renegotiate loan terms to stay afloat.

Gardere Partner John P. Melko, chair of the Firm's Financial Restructuring and Reorganization Practice Group, told the publication: "What we have seen at this stage is more of what continues to be a cooperative effort between service providers and the exploration and production companies to try to rework the terms of existing contracts."

Related Services


Bad Holiday Season News! Estimates of an increase of Cyberattacks 20%!
13 December 2019
Internet, IT & e-Discovery Blog
Driving the Future of Automotive Technology
12 December 2019
Manufacturing Industry Advisor
Massachusetts Governor Proposes Facility Fee Ban
12 December 2019
Health Care Law Today
American Rule Prevails; PTO May Not Collect In-House Attorneys' Fees as "Expenses"
12 December 2019
IP Litigation Current
ACCC 46th Annual Meeting & Cancer Center Business Summit
04-05 March 2020
Washington, D.C.
Foley/Deloitte Compliance and Privacy Officer Roundtable
27 February 2020
Boston, MA
Let’s Talk Compliance
24 January 2020
Orlando, FL
New England Alliance Annual Meeting
15-17 January 2020
Woodstock, VT