One of the more interesting developments in the oil and gas A&D market over the past couple of years has been the expanding variety of transactions between upstream and midstream companies involving acreage dedications. Acreage dedications are commitments from upstream operators or exploration and production companies in which all production from a given area is exclusively committed to a midstream company for the provision of midstream services or the midstream company’s purchase of such production. Acreage dedications are one of the tools midstream companies secure a customer base and a...

On Thursday, March 21, 2019, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued two Notices of Inquiry (“NOIs”). One NOI focuses on FERC’s approach to determining the Return on Equity (“ROE”) for FERC jurisdictional electric transmission and cost-based wholesale power rates (“ROE Inquiry”) [ b ], [1] and the second NOI focuses on the Commission’s transmission incentives policies (“Incentives Inquiry”) [ https://ferc.gov/whats-new/comm-meet/2019/032119/E-1pdf ]. [2] The NOIs are referred to collectively in this write-up as the “Transmission NOIs.” Interestingly, we wanted...