Conway MacKenzie

Prediction? Pain


History may have been kinder to Mr. T had Dolph Lundgren not so badly overshadowed him.  Aside from a turn as the cuddly, milk-loving B.A. Baracus on the “A-Team,” Mr. T had a role as one of the best 80’s movie villains  as Clubber Lang in “Rocky III.”  When asked for a prediction from a reporter for the impending bout with Sylvester Stallone’s Rocky Balboa, Lang glares into the camera and growls, “Prediction?  Pain.”
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In The Headlines

Munsch Hardt Kopf & Harr

The Characterization of an ORRI Conveyance in Bankruptcy


A bankruptcy court’s characterization of a debtor’s pre-petition conveyance of an overriding royalty interest (“ORRI”) has an important effect on whether that ORRI is part of an oil and gas debtor’s bankruptcy estate and, in turn, what rights the ORRI holder has with respect to that interest. If an ORRI conveyance is characterized as the transfer of a real property interest, the conveyance is generally excluded from the debtor’s bankruptcy estate and the ORRI holder’s interest may not be affected by the bankruptcy. If, however, a bankruptcy court characterizes the ORRI conveyance as a disguised financing transaction, then the ORRI holder may find itself a creditor with a claim subject to bankruptcy discharge.
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Topic of Discussion

Lloyd's Register

Trained Maintenance Troubleshooters can Save a Company Big Bucks


Oil and gas companies understand the value of training and how it can help them save millions of dollars by keeping their equipment operating and reducing downtime due to unexpected failures. Like any industry, oil and gas companies can improve the quality of maintenance training by focusing on troubleshooting skills. Even though lower oil and gas prices have affected earnings, companies must stay focused on training programs to better develop their people.
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