Peters Kussmaul Crosier advises Midland and Odessa owners and their companies on acquisitions and exits, company formation and ownership agreements, commercial contracts and business litigation.
The Permian Basin economy runs on oil and gas and on the oilfield service firms, supply distributors, trucking companies and contractors that support it. The University of Texas Permian Basin, Midland College's Petroleum Professional Development Center and Midland International Air & Space Port are here too. Legal work tracks the industry: indemnity and insurance terms in service contracts, equipment titles and liens in acquisitions, and payment disputes when oil prices swing.
Industries We Serve in Midland-Odessa
Oilfield Services
Master service agreements with operators, indemnity and insurance terms, and selling a service company and its fleet. See service agreements.
Equipment and Supply Distributors
Supply and distribution agreements, terms of sale, and the inventory count that sets the price in a sale. See distribution contracts.
Trucking and Transportation
Carrier and customer contracts, equipment titles and financing in a sale, and acquisitions of hauling companies. See logistics.
Construction Contractors
Subcontracts, change orders, payment and lien disputes, and selling a contracting business. See construction.
How We Help Midland-Odessa Businesses
Acquisitions and Exits
Selling a business, buying a business, purchase agreements and earn-outs when buyer and seller disagree on value.
Formation and Ownership
Company agreements, entity formation and joint venture agreements when two companies pursue a project together.
Contracts and Counsel
Master service agreements, supply and distribution terms and outside general counsel for companies without a legal department.
Business Litigation
Construction and lien disputes, promissory note and guaranty claims, breach of contract and business fraud.
Business Disputes in Midland-Odessa
Midland cases usually go to the Midland County district courts in Midland and Odessa cases to the Ector County district courts in Odessa, though the part of Odessa inside Midland County falls under the Midland County courts. Federal cases from both cities go to the Western District of Texas, Midland-Odessa Division.
Frequently Asked Questions
Have a question that isn't answered here? Call us at (817) 631-8842 or send a message.
Ask a QuestionAn operator wants our Permian Basin service company to sign its master service agreement. What should we push back on?
Start with indemnity. Texas's oilfield anti-indemnity statute voids a promise to cover the operator's own negligence in well-related work unless the parties agree in writing to support it with insurance, so your policy limits have to match what the indemnity requires.
A buyer wants to pay part of the price for our Midland service company as an earn-out. How do we protect ourselves if oil prices fall?
Tie it to a measure you can verify, spell out the accounting rules and how the buyer must run the business, and ask for more cash at closing or a minimum payment if a downturn would wipe out the earn-out. See earn-outs.
Our Odessa company has a dispute with a Midland customer. Which county's court would hear it?
Texas venue usually turns on where most of the events happened or where the defendant has its principal office, so it could be the Ector County courts in Odessa or the Midland County courts in Midland.
Other Areas We Serve
- Plano
- Southlake
- Addison
- Allen
- Arlington
- Carrollton
- Celina
- Colleyville
- Coppell
- Dallas
- Denton
- Flower Mound
- Fort Worth
- Frisco
- Garland
- Grand Prairie
- Grapevine
- Highland Park and University Park
- Irving
- Keller
- Lewisville
- Mansfield
- McKinney
- Prosper
- Richardson
- Rockwall
- Weatherford
- Austin
- Bryan-College Station
- Houston
- Katy
- Round Rock
- San Antonio
- Sugar Land
- The Woodlands
- Tyler
- Waco
What Sets Us Apart
At Peters Kussmaul Crosier PLLC, you aren’t just a number—you’re a valued partner. We take the time to understand your goals and challenges, working alongside you as trusted advisors to help navigate complexities and seize opportunities. Together, we ensure the success of your business ventures and build a foundation for long-term growth.
About Us
Our Practice Areas
- Business AcquisitionsWe represent buyers and sellers of Texas businesses, from the first letter of intent through closing and the handoff that follows.Learn More
- Startups, Entity Formation, and Venture CapitalWe help founders and owners form the right entity, set clear ownership terms, raise capital and keep their companies in good order as they grow.Learn More
- Business Counsel and ContractsWe act as outside counsel for established companies and handle the contracts a business signs every week, from vendor and customer agreements to franchise documents.Learn More
- Commercial Litigation and Dispute ResolutionWe resolve business disputes through negotiation, mediation, arbitration and trial, with a plan built around what the client needs from the outcome.Learn More
Request a Consultation
Initial consultations are held by Zoom and typically last 20 to 30 minutes.