As more oil and gas explorers head to bankruptcy court and try to exit pipeline and fuel-transport contracts, midstream companies are mobilizing to protect the deals meant to compensate them for billions of dollars in investments. Two trade groups for the so-called midstream sector of the oil and gas industry, which processes and transports oil and natural gas, stepped forward in producer Quicksilver Resources Inc. KWKAQ 0.00 % ’s chapter 11 case to argue against its bid to get out of pipeline agreements that were reached before fuel prices plummeted. The outcome of the Quicksilver case could serve as a bellwether for pipeline operators and other midstream companies, which are confronting the distress of its customers. According to law firm Haynes and Boone, 48 oil and gas producers in North America filed for bankruptcy last year , and more are expected to follow this year. The Gas Processors Association […]