Elizabeth E. Klingensmith

Biography

Liz Klingensmith provides risk management, business counseling and complex litigation solutions to oil and gas companies with assets and operations in Texas, Oklahoma, North Dakota and Louisiana. With deep industry experience, Liz provides practical bottom-line advice to ensure her clients achieve their business objectives. Clients trust her judgment, counsel and legal skills to resolve business disputes in a timely and efficient manner delivered with outstanding client service and consistent results. Liz helps clients gain peace of mind so they can stay focused on growing their business.

She advises her clients on issues related to: 

  • mergers and acquisitions
  • joint operating agreements
  • exploration and development agreements
  • participation agreements
  • preferential rights and areas of mutual interest
  • oil and gas leases and assignments
  • surface use accommodation and damages
  • royalty and revenue interests
  • quiet title and lease cancellation
  • oil and gas operations
  • oilfield service and equipment
  • seismic operations
  • equipment and pipeline failure
  • nuisance
  • fiduciary duties and business torts
  • surface and subsurface trespass
  • hydraulic fracturing
  • former employees, trade secret theft and non-competes
  • liens
  • transportation

Liz approaches every business issue and dispute with an eye towards facilitating resolutions that drive revenues. She simplifies complex issues to advise company executives so they can better manage legal and business risk. 

Liz also litigates disputes in a variety of other industries including transportation, construction, banking, real estate, and professional services, involving claims for breach of contract, fraud, breach of fiduciary duty, post-judgment enforcement, theft of trade secrets, breach of contract, conversion, and declaratory judgment.

Outside the Firm

Liz spends a lot of time with her family whether driving her kids to and from events, gymnastics meets, or swim practices, or at home together watching football or the latest episode of Chopped.  And when she finds time between work and home, she plays the marimba.

Experience

  • Obtained a favorable arbitration award for $4.3 million on behalf of a pipeline company against a large valve manufacturer for damages, costs, and attorney’s fees incurred as a result of an inline inspection tool becoming lodged in a defective valve.
  • Successfully arbitrated a $40 million dollar dispute arising from cost overruns related to a Gulf of Mexico development project against a foreign corporation and domestic subsidiaries.
  • Secured a take nothing judgment following a bench trial against plaintiff engineering firm related to the procurement and commissioning of oilfield service equipment.
  • Provided trial consulting services for numerous Oklahoma lease cancellation cases.
  • Tried to jury verdict a contract dispute arising between former executives and successor-in-interest oil and gas company following a merger involving compensation and benefits.
  • Successfully obtained favorable settlement on behalf of employer against former employee in a dispute arising from misappropriation of trade secrets.

News & Views

See all News and Views

Recognitions

  • 2013–2017, “Rising Star” in Energy & Natural Resources, listed in Texas Super Lawyers (Thomson Reuters)
  • 2010, “Yellow Rose of Texas,” commissioned by Governor Perry

Affiliations

Professional Activities

Liz is passionate about engaging young and diverse professionals in the energy industry and currently serves as the chair of the Young Energy Professionals (“YEP”) Committee for the Institute for Energy Law. Prior to leading the YEP Committee, she co-chaired the ABA Section of Litigation Energy Litigation Committee.

Over the years, Liz has been involved with the United Way through the Women’s Initiative and Young Leader programs, the Houston Bar Association Oil, Gas and Mineral Law Section, and the Association of Women Attorneys as the 2014 Judicial Reception Chair.

Liz is a Houston Young Lawyers Foundation Fellow, Class of 2010.

Credentials

Admissions

  • North Dakota
  • Oklahoma
  • Texas
  • U.S. District Court - Eastern District of Texas
  • U.S. District Court - Northern District of Texas
  • U.S. District Court - Southern District of Texas
  • U.S. District Court - Western District of Texas

Education

  • Rice University, B.Mus
  • Rice University, BA
  • University of Houston Law Center, JD