Confidentiality and Dispositions in the Oil and Gas Industry
Keywords:Energy Law, Petroleum Law
AbstractThe author examines issues relating to confidentiality and dispositions in the oil and gas industry. He surveys the general common law and equitable principles concerning breach of fiduciary duty and breach of confidence as they relate to the oil and gas industry as well as contractual obligations to joint working interest owners. The author presents an in-depth examination of issues in negotiating and drafting confidentiality agreements. There is a discussion of general concerns including what information is considered confidential, when there is a disclosure requirement and what remedies are available for a breach of confidence. The author also looks at possible specific provisions of confidentiality agreements such as covenant trusts, standstill covenants and area of exclusion covenants.
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