Deals Considered Bankruptcy-Proof Combust — Uncertainty heightens for midstream gatherers and processors after the Sabine decision

As the oil and gas industry continues to struggle in the face of the ongoing decline of commodity prices, a recent decision of the United States Bankruptcy Court for the Southern District of New York may have offered a glimmer of hope to upstream producers, while creating more uncertainty for midstream gatherers and processors and their lenders and investors.