Audit Disputes

Confidential Arbitration, in the American Arbitration Association

Represented major oil and gas company in a contract dispute with a significant oilfield services company over the provision of wellheads used on oil and gas wells in major shale plays. Filed arbitration demanding millions of dollars based on overcharges related to the provision of oilfield equipment. Oilfield services company counterclaimed, seeking more than $37 million in damages. Following a six-day final hearing, obtained a unanimous order from panel in favor of client. Subsequently settled case in exchange for payment of nearly 100% of contract damages and interest sought in the arbitration.

Type of Case: Contractual Dispute (Oilfield Equipment, Audit)

Confidential Arbitration, in the American Arbitration Association

Represented major oil and gas operator in an arbitration against one of its largest oilfield service providers based on disposal services provided in the Permian Basin. Sought more than $5 million for repayment of improper overcharges and defended against counterclaim seeking nearly $1.5 million in damages. Settled case in exchange for seven-figure settlement in operator’s favor.

Type of Case: Contractual Dispute (Oilfield Equipment, Audit) 

Confidential Pre-Arbitration Dispute 

Represented Fortune 500 oil and gas exploration company in an audit dispute with a joint-venture partner. Joint-venture partner sought nearly $50 million under the parties’ joint operating agreements based on amounts billed to the joint-venture account. Following exchange of materials and position papers, mediated and resolved dispute on a confidential basis.

Type of Case: Contractual Dispute (Audit)

Confidential Arbitration, in the American Arbitration Association

Represented oil and gas company in arbitration against major oil and gas operator related to the purchase of shale assets and associated joint interest billings (JIBs). Sought more than $30 million related to monies owed under a Purchase and Sale Agreement (PSA) and related Transition Services Agreement (TSA). Settled case in exchange for substantial payment in client’s favor.

Type of Case: Contractual Dispute (Joint Interest Billing, Purchase and Sale Agreement)