Oil & Gas Contract Drafting


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Core Contractual Matters: Review - Negotiation - Drafting/Writing

When drafting contracts for business involved in the oil and gas sector, the importance of having legal counsel who can write and articulate your intended goals, while extrapolate contractual aspects that you might not necessarily have considered, yet are nevertheless of critical importance to the commercial arrangements that your company is seeking to forge.

At Neufeld Legal P.C., we endeavor to develop and write legal contracts that focus on the critical aspects of the business arrangement, while recognizing the specific nuances associated with being engaged in the petroleum sector. The drafting process unfortunately is an inexact science, with a multitude variables and future uncertainties, combined with the need to oftentimes accept or compromise on otherwise unacceptable terms.

What we strive to do is ascertain and surmise your objectives, your contribution to the arrangement,  your legal exposure, your potential liabilities and those of your counterparts (together with further aspects that are to be tackled in the drafting process). We than seek to confer these elements to paper and through the process of negotiaton with your counterparty, attempt to retain, if not strengthen, those elements that your company deems essential or necessary. And where compromise is required, such compromise cannot be allowed to cannibalize your agreement, but instead see permissible modifications, which don't jeopardize your company's ability to realize its objective goals.

The ultimate goal being the realization of a written agreement with which your company is capable of working with. It may not necessarily be everything you wanted or intended. It might not be as profitable as you may have contemplated. However, on balance, it has to work to your advantage (while mitigating dangers and liabilities to your company). And it is our role to help your business realize this objective when drafting contracts for businesses engaged in the oil and gas sector.

For more information on the legal services of Neufeld Legal P.C. or to schedule an appointment, contact our lead lawyer Christopher Neufeld at Christopher@OilGasLawyer.ca or 403-400-4092.