Given the rising price of oil and natural gas in recent years,M&A activity in the industry,particularly the number of deals,has been on the rise.An unfortunate side effect of this hectic environment has been a generalized decrease in the quality of due diligence and compliance with existing contracts.There are few oversights more serious and costly than non-compliance with a preferential right which can,depending upon the movement of prices over a given period,result in significant liability.
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