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Judge rules that bankrupt Sabine can reject midstream contracts

Published Wed, Mar 9, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

New York

BANKRUPT Sabine Oil & Gas Corp can reject contracts with two companies that gather, treat and transport oil and natural gas, a federal judge said.

US Bankruptcy Judge Shelley Chapman in Manhattan on Tuesday indicated that Sabine should be able to reject the contracts with the so-called midstream companies, but said that she did not want to decide an underlying legal dispute "in a binding way".

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