March 3, 2016 -- University of Houston Law Center students were introduced to the complexities of oil and gas tax law at the Houston Business and Tax Law Journal’s 16th Annual Symposium on Friday at the ExxonMobil campus in The Woodlands.
The discussion was focused on tax law implications in the oil and gas industry and was attended by 230 people, including 70 participants from the Law Center. The symposium was co-sponsored by ExxonMobil and the law firm BakerHostetler. Attendees received four continuing legal education hours.
“This symposium provided a great opportunity for students to be exposed to a broad overview of the commercial and tax considerations involved in sophisticated oil and gas activities,” Associate Professor Bret Wells said. “We value our friendships with BakerHostetler and ExxonMobil, and their sponsorship of this symposium.
“The University of Houston Law Center is a thought leader on oil and gas law and the tax laws that apply to oil and gas activities, and this event was a wonderful way to showcase those unique competencies of our law school and the rich exposure that our students receive to these topics.”
Matt Caligur, BakerHostetler litigation group coordinator, and Paul Schmidt, chairman of the tax group, were the first speakers and focused on tax and trade issues involving the import and export of oil and gas products.
Wells gave a presentation on the basics of oil and gas law. He was followed by ExxonMobil Senior Tax Counsel Denney Wright, an adjunct professor at the Law Center, who spoke about oil and gas tax basics.
The symposium was also simulcast to multiple ExxonMobil facilities.
“This symposium also provided an opportunity to expose ExxonMobil employees to informative and insightful discussions that can raise the profile of the Houston Business & Tax Law Journal, the reputation of our students, and the reputation of the Law Center,” Wells said.