Last year alone, Texas's oil and natural gas business paid $26.3 billion in state and local taxes. Given the prevalence of this industry in Midland, TX, disputes requiring mediation or arbitration will inevitably arise. Luckily for those looking to expedite this process while maximizing their chances of a favorable result, the Texas oil and gas attorneys at Carabin Shaw have the skills and experience necessary to guide their clients through.
The Benefits of Alternative Dispute Resolution Vs. Traditional LitigationArbitration and mediation are both examples of alternative dispute resolution. These approaches are often preferable to conventional Midland oil and gas litigation. Alternative dispute resolution has several advantages over conventional litigation, including:
For all of these reasons and more, oil and gas sector companies generally opt for alternative dispute resolution with the help of expert local attorneys.
Deciding if Arbitration or Mediation is Right for You?Arbitration and mediation have distinct advantages for those seeking alternative resolutions to Texas oil and gas disputes. Understanding each is essential to making an informed and beneficial decision.
The Advantages of MediationMediation is a private, informal process by which an impartial third party is employed as an intermediary between two disputing parties. Sometimes, the mediator may be a lawyer, but they can not offer legal advice or render any verdict.
The results of mediation are not legally binding, but if both parties can reach a compromise and sign a settlement agreement, then the terms of that agreement will be binding.
It is strongly recommended that mediation be attempted before escalating to arbitration. It is a quicker, cheaper process that encourages friendly compromise between both parties.
The Advantages of ArbitrationArbitration is a more formal process than mediation, but it is still less expensive and time-consuming than conventional litigation. If mediation is unsuccessful, disputing parties often escalate to arbitration.
Midland oil and gas arbitration is generally presided over by one to three arbiters. These arbiters will render a legally binding judgment on the dispute.
This method's privacy and cost-effectiveness give it an advantage over litigation, while its decisive results give it an advantage over mediation.
Experienced Legal Counsel in Arbitration and MediationThe informal nature of alternative dispute resolution may lead you to believe you can forgo representation by an attorney. While it is not required that you employ legal representation when entering into arbitration or mediation, it is highly recommended if you want to ensure the best possible results for yourself.
Disputes in the oil and gas sector can involve high stakes, both in terms of money and business relationships. A skilled lawyer can help tailor your resolution to your priorities, resulting in more lucrative and amicable results.
Navigate Oil and Gas Disputes with Confidence - Call Carabin Shaw Today!At Carabin Shaw, our team of mediation and arbitration experts has decades of experience helping clients secure favorable resolutions to oil and gas disputes. Our long track record of success is reflected in our client reviews.
If you are unsure whether we can help with your current oil or gas dispute, take advantage of the free case review we offer to all prospective clients. Our incredible English and Spanish-speaking staff is available 24/7 to take your call at 800-862-1260.
Contingency-Fee AgreementWe understand that your personal finances can be severely impacted when your resources are tied up in a dispute. That is why, at Carabin Shaw, we offer our services on a contingency-fee basis. That means that we will not collect payment until we win your case.
For more information: