Craig M. Regens
Craig M. Regens is a Shareholder in the Oklahoma City office of GableGotwals. His practice focuses on bankruptcy and business litigation, particularly of energy and environmental disputes. Due to his diverse experience, Craig represents a wide range of clients in federal and state courts as well as before the Oklahoma Corporation Commission.
Craig is recognized by Best Lawyers in America for his work in bankruptcy and creditor-debtor rights/insolvency and reorganization law. He is also recognized by Oklahoma Super Lawyers as a Rising Star for his bankruptcy, commercial, and energy and natural resources practices. Craig was one of 50 participants in the 2018 National Conference of Bankruptcy Judges’ NextGen program. His bankruptcy practice includes representing creditors in main bankruptcy cases and litigation of adversary proceedings on behalf of creditors, trustees, and avoidance action defendants.
Current and recent bankruptcy engagements include:
- As lead counsel, representation of former directors and officers of a publicly-traded exploration and production company against preferential transfer and fraudulent conveyance claims;
- Following conversion of Chapter 12 main case to Chapter 7, representation of trustee as special litigation counsel and of creditor in adversary proceeding seeking substantive consolidation of debtor’s estate with a non-debtor partnership and non-debtor individuals, denial of debtor’s discharge and non-dischargeability of certain debts, amongst other claims;
- Representation of secured and unsecured creditors in main bankruptcy cases; and
- Representation of secured creditor in adversary proceeding seeking determination that certain of debtor’s debts are non-dischargeable.
Craig is a past Chair of the Bankruptcy Section of the Oklahoma County Bar Association. He also frequently provides professional education to groups of lawyers and other professionals. He has presented as part of the Oklahoma Bar Association’s Advanced Bankruptcy Seminar and to county bar associations. For several years, Craig chaired a panel presentation on oil and gas Chapter 11 reorganizations for the Oklahoma Society of CPAs’ Oil and Gas Conference.
Prior to joining GableGotwals, Craig served as a term and career law clerk to the Honorable Sarah A. Hall, then-Chief Judge of the U.S. Bankruptcy Court for the Western District of Oklahoma.
Craig litigates a wide range of issues arising in the energy sector. He has broad oil and gas experience, including prior work as a landman. He also has experience representing operators and insurers in environmental matters.
Current and recent energy engagements include:
- Defense of publicly-traded exploration and production company against claim alleging several million dollars in royalty underpayments arising out of wellhead sales of natural gas under percentage of proceeds contracts;
- Defense of working interest owners in lease cancellation and quiet title cases;
- Securing Final Order from the Oklahoma Corporation Commission on behalf of a pipeline operator approving a remediation plan, performance of the remediation plan and directing site closure following a third-party strike of the operator’s pipeline; and
- Representation of excess commercial liability insurer in coverage-related declaratory judgment action arising out of a pipeline failure and 14 years of subsequent remediation.
Due to his broad exposure to commercial litigation, Craig frequently litigates issues arising under the Uniform Commercial Code and issues relating to lien and other property rights. He also has experience with condemnation and inverse condemnation cases, and for several years, has co-authored the “Condemnation” chapter of Vernon’s Oklahoma Forms: Real Estate.