Exploration and production, especially non-conventional, and midstream business models continue to evolve in an era of core competency focus and consolidation. This panel and the accompanying materials will focus on legal and business issues associated with E&P-Midstream Joint Ventures, including (i) core business protection from volume, areal and service perspectives, (ii) operational scale and peak rate management, (iii) marketing focus, (iv) asset value maximization, (v) successor benefit and burden, and (vi) future upside potential.