A recent article published in The Legal Intelligencer reports that many attorneys agree that oil-and-gas-related work is expected to pick up in the near future.
Buchanan Ingersoll & Rooney Energy Shareholder Sean W. Moran told that publication that he’s not expecting to see much of an increase in the number of attorneys practicing in the space, but in the last few months has seen transaction and mergers and acquisition work increasing.
Despite consistently low gas prices, Moran said the pricing predictability has spurred on some investment, particularly in the mid- and up-stream sectors – which focus on processing, storing and transporting the oil and gas to market.
“Those are still areas where there’s going to be lots of developments,” Moran told the publication. “There’s still a lot of assets that need to be developed, and, over time, will be.
When it comes to the fall and the third and fourth quarters, Moran said he thinks folks are expecting it to be a heck of a lot busier that the first half of the year.
Read the full article – “Pittsburgh Hires Grow Cohen Seglias Energy Practice” (The Legal Intelligencer, August 18, 2015). Subscription required.