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HOUSTON — Oliva Gibbs LLP advised Brigham Exploration (“BEXP”) in its acquisition of Great Western Drilling Ltd.’s (“GWDC”) non-operated assets in Texas and New Mexico. This acquisition significantly expands BEXP’s footprint in the Permian Basin, reinforcing its position as a leading non-operated oil and gas company.…
In the context of an oil and gas purchase and sale agreement (“PSA”), retained liabilities refer to the responsibilities or obligations that the seller retains after the transaction closes. These liabilities are typically those that arise before the effective time, the point at which the transfer of ownership takes place.…
“No one has a vested interest in any rule of common law.” Meech v. Hillhaven W., 776 P.2d 488, 494 (Mont. 1989). Luckily the Montana legislature has codified the common law rule of after-acquired title as a remedy for a grantor’s breach of warranty in a deed for failure to deliver a complete title.…