Oil & Gas
Oil and gas law is the subset of natural resources law that includes the exploration for, and the production, transportation, and processing of, crude oil, natural gas, and associated hydrocarbons.
Oil and gas law has developed around the three “streams” of business — upstream is the “E&P” business, the actual exploration for, and production of, oil and gas; midstream is the gathering, processing, storing, transporting, and marketing of produced oil and gas; and downstream is the refining of crude oil and the selling and ultimate distribution of natural gas and products derived from crude oil. Oil and gas is the body of law that organizes the discovery, development, allocation, ownership, management, and ultimately use of oil and natural gas as energy sources that fuel modern civilization. Oil and gas law means the constellation of statutory, regulatory, and judicial law that customarily applies to the three streams of the oil and gas business.