From 1996 until 2012, he served in various positions at ConocoPhillips, including most recently as Senior Vice President - Refining, Marketing, Transportation, and Commercial.
in Economics from Brown University. Plains indicated that this was necessary in order for them to evaluate Kelmar’s NDA. Mr. McCarthy has served as a director of PAA GP Holdings LLC since October 2020.
In this case, Plains All American Pipeline (“Plains”) seeks to attack the constitutionality of several provisions of the Delaware Escheats Law, as well as Delaware’s demand that it submit to an abandoned property audit. How Do States Assess Penalties and Interest for Unclaimed Property? He is a director of the American Petroleum Institute (API), and the Association of Oil Pipelines, and is currently serving as Chair of the Association of Oil Pipelines.
Particularly, Plains argued that Delaware was selecting large wealthy companies for audit without any legitimate justification. He is a director of the American Petroleum Institute (API), and the Association of Oil Pipelines, and is currently serving as Chair of the Association of Oil Pipelines. Plains is a Delaware limited partnership formed in 1998 and headquartered in Houston, Texas. Plains is a Delaware limited partnership formed in 1998 and headquartered in Houston, Texas. He also served on the New York Mercantile Exchange's Crude Oil Advisory Committee from 1996 through 2003. He served as a director of PAA’s general partner from May 2009 until November 2016. Additionally, Mr. Temple was a licensed CPA serving clients in the energy sector with KPMG in Houston, Texas from 1989 to 1993. Gain insight into Unclaimed Property Reporting. Kelmar summarily denied this request indicating that their client states do not require Kelmar to undergo such a review and that Kelmar is not a vendor selected by Plains. Mr. Armstrong is also currently Chairman of The Federal Reserve Bank of Dallas, a director of National Oilwell Varco, a member of Advisory Board of the Cox School's Maguire Energy Institute at Southern Methodist University and the Immediate Past Chairman of the National Petroleum Council. 15-468-RGA (memorandum opinion), p. 8. Plains then sued Delaware and Kelmar in federal court seeking a declaratory judgment and injunctive relief. The letter stated that the lookback period would be to 1986 if the audit was completed by June 30th, 2015 or to 1981 if completed thereafter. [1] The court ruled that Plains did not have standing to sue Kelmar and that the allegations against the state officials were not ripe for judicial review. If you missed our previous entry on National Freight, Inc. v. Sidamon-Eristoff you can read it here.
Addressing this argument, the court first pointed out that the wealthy are not a “suspect” class. Read the recap post.
Plains sent Kelmar an email requesting that it be permitted to evaluate Kelmar’s data security procedures and controls. In January 2015, Plains sent the Delaware audit manager a letter listing many objections to the audit. Mr. Shackouls currently serves as a director and member of the audit and corporate governance committees of The Kroger Co. and as a director and chairman of the compensation committee of Oasis Petroleum. The unclaimed property consultants from Keane’s National Consulting & Advisory Services Team are seasoned financial professionals from a wide variety of industries and backgrounds. Mr. Pefanis joined Plains Resources (which formerly owned 100% of PAA's GP interest) in 1983. As of September 30, 2017, EMG has approximately $15.8 billion of regulatory assets under management and approximately $10.5 billion in commitments have been allocated across the energy sector since inception. In its opinion, the court indicated that there was no “injury in fact” (actual, not hypothetical) that was traceable to Kelmar. The court ruled that Plains did not have standing to sue … This estimate is based upon 1 Plains All American Pipeline Audit Staff salary report(s) provided by employees or estimated based upon statistical methods. She is the founder and a board member of Women's Global Leadership Conference in Energy & Technology, is an Emeritus Director of the Amegy Bank Development Board, and is the Chair of Brown University's President's Advisory Council on the Economics Department.
Keep up-to-date with our real-time alerts on any major legislation changes in unclaimed property compliance. ... Senior Auditor. Mr. Pefanis has a BBA in accounting from the University of Oklahoma. If you have any questions about these cases or would like additional information, please contact Will King, Associate General Counsel and Project Manager. Plains indicated that this was necessary so that they could evaluate Kelmar’s NDA. But because Plains brought suit before Delaware assessed liability based Mr. Chiang holds a bachelor's degree in Mechanical Engineering from the South Dakota School of Mines and Technology and completed the Advanced Management Program at the University of Pennsylvania's Wharton School of Business. Our webinar transcript outlines the intricacies of the oil & gas industry! [1]Plains All American Pipeline, L.P. v Cook, Civ. Mr. Temple served as the President of Vulcan Capital, the private investment group of Vulcan Inc., from May 2009 until December 2009 and as Vice President of Vulcan Capital from September 2008 to May 2009. He served from 1970 to 1971 in the U.S. Army as a First Lieutenant in the Finance Corps and as an Army Officer in the Army Security Agency. William King, Associate General Counsel & Project Manager. Prior to joining Tailwind, Mr. Temple was a managing director at Friend Skoler & Co., Inc. from May 2005 to May 2008. Prior to joining Plains Resources in 1983, Mr. Pefanis was an auditor for the national accounting firm of Price Waterhouse & Co. Mr. Chiang has served as Chairman of the Board of PAA GP Holdings LLC since January 2020, and previously served as a director since February 2017. Prior to joining Kayne Anderson in 2004, Mr. McCarthy was global head of energy investment banking at UBS Securities LLC and held similar positions at PaineWebber Incorporated and Dean Witter Reynolds. Mr. Petersen is a member of our compensation and governance committees. Ms. Pruner is also the President of The Houston Symphony Endowment, chair of the Audit Committee and member of the Executive Committee of the United Way of Greater Houston, and serves on the Houston advisory board of The Nature Conservancy, among other volunteer efforts. Ms. Pruner has served as a director of PAA GP Holdings LLC since December 2018.