Timothy D. Kline to speak at Oil & Gas Conference

Tim Kline Conf Table

Tim Kline represents clients mainly in bankruptcy and creditor rights matters and is a frequent lecturer on bankruptcy-related topics.

Phillips Murrah Director Tim Kline will be addressing the topic of restructuring at this year’s Oklahoma Society of CPAs Oil & Gas Conference on Aug. 20.

The all-day conference will be held at the Sheraton Reed Center, located at 5800 Will Rogers Road in Midwest City. The conference is worth eight hours of recommended CPE credit.

From the informational brochure:

The 2015 conference will top off your tank with 13 sessions in today’s most significant oil and gas developments. Sessions include: property and severance taxes, earthquakes and fracking; oil and gas acquisition; cyber threats; and more.

Tim’s panel will be help from 11:15 a.m. – 12:30 p.m.


2015 OSCPA Oil & Gas Conference

Insolvency in the Oil Patch: An Energy Company – Chapter 11 Primer
Presented by Craig Regens, M.Sc., JD, U.S. Bankruptcy Court for the Western District of Oklahoma; William Hoch, JD, Crowe & Dunlevy; Timothy Kline, JD, Phillips Murrah P.C.; and G. Blaine Schwabe, III, JD, Gable Gotwals

Session objectives: Learn when to retain restructuring advisors; understand the costs and benefits associated with filing in the most commonly chosen venues; understand chapter 11 from a debtor’s perspective from a secured creditor’s perspective; understand the roles played by secured and unsecured creditors’ committees; and learn how you can assist the debtor and the committees throughout a chapter 11 business reorganization.

Also, learn more about Tim’s life and career in this Executive Q&A featured recently in The Oklahoman.

PM Director Bob Sheets discusses fracking ban on NPR

Phillips Murrah Director Robert N. Sheets participated in a broadcast interview with StateImpact Oklahoma / KGOU reporter Joe Wertz regarding using local referendums to ban hydraulic fracturing.

This interview was broadcast in early November, 2014 and can be seen in its entirety at the StateImpact Oklahoma website.

To listen, click on the player below:





Bob Sheets

Property Rights

In Oklahoma, local officials have the authority to regulate and restrict oil and gas activity within city limits, an ordinance that enforced a fracking ban would likely draw an immediate legal challenge, says Robert Sheets, a land-use and natural resources attorney at the Phillips Murrah law firm in Oklahoma City.

“That’s what the cities are going to have to look at: Are they taking a property right from an individual by saying, ‘You cannot drill, you cannot frack on this property.’”

The energy industry has deep roots in Oklahoma, and many of the property laws themselves were written with oil and gas interests in mind. Sheets says the justification for an outright ban would have to be steep and defendable in court, especially if royalty owners argue that fracking is necessary to produce their oil and gas property.

“You’re probably going to end up with that rational basis test,” Sheets says. “Is there a rational basis for what they’re doing?”

Bob is a commercial litigator, director and one of the firm’s founders. He represents construction and energy industry clients in a broad range of real estate, land use and business litigation matters. You can view his attorney profile page HERE.

About StateImpact: StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.