Michael Blankenship Discusses Risk Mitigation Strategies for Water Midstream Companies

The midstream water industry was focused on record breaking M&A in 2019, and more recently the industry has refocused its attention on risk mitigation strategies that address exploration and production (E&P) client bankruptcies and fee reductions. 

Winston & Strawn Partner Michael Blankenship provide Infill Thinking with his thoughts on risk mitigation strategies that water midstream clients are proactively using to reduce the risk of rejection or renegotiation in bankruptcy. 

In this article he discusses how midstream companies can approach fee reductions with an eye towards improving their positions beyond the economics, e.g. adequate assurance provisions, revised dedication language, extending term agreements, and expanding AMI. 

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