Oil & Gas

Why Master Limited Partnerships (MLPs), and why now?

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Strong yields and the strengthening US energy industry have made master limited partnerships (MLPs) a popular investment opportunity and strategic option for companies across all segments of the energy industry.

Join us as our panel of EY professionals discuss the strategy behind MLPs and whether the MLP structure may or may not be right for your company and your stakeholders.

During the session, we'll discuss the following aspects of the MLP strategy: 

  • Valuation and modeling of the structure
  • Tax planning for the structure
  • Identification and resolution of issues
  • Execution and management of the MLP

 

Panelists:

David Zaozirny

Ernst & Young LLP

 

Mitch Fane

Ernst & Young LLP

Mitch Fane is the Valuation & Business Modeling Houston Market leader and National Power & Utility Valuation Director. He has extensive valuation experience with Master Limited Partnerships and mid-stream assets.

Jeff Erickson

Ernst & Young LLP

Jeff Erickson is based in Washington, DC, is a principal in the Joint Ventures and Partnerships group in EY’s National Tax Office. Jeff works extensively in the MLP, private equity and international space across a broad spectrum of industries, including medical, pharmaceutical, real estate, and oil and gas. His current clients include various publicly traded partnerships, including Global Partners, LP, Lehigh Gas Partners; Carlyle Group; and many others.

Jeff was an Assistant Branch Chief in the IRS Chief Counsel’s office for Passthroughs. Jeff has given many speeches and presentations to Bar Associations and other tax groups (including the National Association Publicly Traded Partnerships) on a number of partnership tax issues, covering such topics as drafting and reviewing partnership agreements, the basics of MLPs, and the interaction of the so-called intangible anti-churning rules and the partnership tax rules. Jeff has also written articles on various topics, including the allocation of partnership debt, the conversion of partnerships, and the at-risk rules.

Jeff is an adjunct professor in the LLM program at Georgetown University Law School, teaching the basic partnership tax course.

Greg Matlock

Ernst & Young LLP

Greg Matlock is a Senior Manager in Ernst & Young LLP’s Transaction Advisory Services – Transaction Tax group in Houston. Greg also serves as both the Transaction Advisory Services and Tax Sector Resident for Ernst & Young LLP’s Global Oil and Gas Center. His practice is focused on U.S. federal income tax planning and structuring for business transactions involving partnerships (including master limited partnerships (MLPs)) and corporations, with particular emphasis on oil and gas investments. In particular, Greg has significant experience in advising domestic and international energy companies in connection with upstream, midstream, downstream and oilfield service company transactions. Greg has counseled clients in joint venture and MLP/IPO tax planning matters, and is a frequent speaker on MLP issues, as well as oil and gas tax and transaction matters.

Moderator:

Deborah Byers

Ernst & Young LLP

Deborah is a partner and Energy Market Segment Leaderwith over 20 years of experience serving both US and non-US-based multinationals. She has in-depth expertise on structuring and financing corporate expansions, joint ventures and large cross-border mergers and acquisitions.