Latin America has a rich history of oil and gas exploration and development, full of political intrigue, technical and engineering achievements, and economic and social volatility. But its member states currently face a wide variety of challenges that may hinder or drive economic growth...

Of all the contracts used in the oil and gas industry, none is as important as the oil and gas lease. It is the foundational instrument in oil and gas and a required prerequisite to development for those who do not own the mineral estate. Its uniqueness arises in that unlike most other oil and...