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Keane's Unclaimed Property Blog

Oil & Gas (8 articles)

Delaware Unclaimed Property Audit Litigation Progresses Down the Pipeline

Delaware Unclaimed Property Audit Litigation Progresses Down the Pipeline

Oil & Gas, Unclaimed Property Audit

Almost a year after a U.S. District Court dismissed a case brought by Plains All American Pipeline LLC against Delaware for its use of a contingency fee auditor (Kelmar Associates), a U.S. Court of Appeals held that Plains’ procedural due process claim was ripe for review and remanded the case to federal district court. Here’s the latest on this litigation.

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Plains All American Pipeline Audit Challenges Dismissed

Plains All American Pipeline Audit Challenges Dismissed

Compliance, Oil & Gas

On August 16th, the Delaware Federal District Court dismissed the lawsuit brought by Plains All American Pipeline against certain Delaware Department of Finance employees and Delaware’s contracted auditor, Kelmar Associates in regards to an unclaimed property audit. 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.

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Unclaimed Property Best Practices for the Oil & Gas and Utilities Industries

Unclaimed Property Best Practices for the Oil & Gas and Utilities Industries

Compliance, Oil & Gas, Public Corporations, Unclaimed Property Reporting

Unclaimed property compliance for oil & gas, utilities and energy-related companies can be an especially complex issue due to nuances and intricacies specific to these industries. Mineral rights, the distribution of royalties, title disputes, uncashed deposit payments and credit balances all contribute to the uniqueness of these industries – and their unclaimed property requirements. If […]

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Keane to Host Texas Unclaimed Property Holders Seminar

Keane to Host Texas Unclaimed Property Holders Seminar

Compliance, Oil & Gas, Seminars

Attention Texas unclaimed property holders—on Wednesday, November 6th, Keane invites you to attend an unclaimed property holders seminar!  This is a free educational program providing important information for all companies with a special focus on those incorporated in and needing to report to Texas.  Specific topics that will be discussed during the unclaimed property holders […]

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