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Email Although almost eight years have lapsed since the chapter 11 cases of Tulsa, Oklahoma-based SemCrude L.P. were confirmed, many of the issues at the forefront of those cases are re-emerging in light of the recent uptick in oil and gas-related restructurings. The SemCrude cases provided useful guidance for oil and gas producers and purchasers to best address the perfection and management of security interests in oil and gas-related collateral. https://www.cadwalader.com/resources/clients-friends-memos/buyer-and-its-creditors-beware-semcrude-district-court-finds-that-purchasers-took-oil-and-gas-free-and-clear-of-producers-liens