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The Trouble With Farmouts: The Problem Of The Innocent, Nonperforming Farmee, Benjamin Idzik
The Trouble With Farmouts: The Problem Of The Innocent, Nonperforming Farmee, Benjamin Idzik
Catholic University Law Review
The oil market is a volatile universe. The price of the commodity has a profound impact both on the national and global economies and on the lives of everyday consumers. Consider the high prices of 2022 compared with the record lows seen in 2020, the price of oil affects almost everything. The United States is one of the top oil producing nations in the world. The size and importance of the industry has led to a somewhat unique area of the legal practice known as oil and gas law. Among its many tenants is an instrument known as a farmout …