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Squeezing the (Remaining) Golden Geese: Refinery Closures May Lead to Increased Tax Scrutiny on Operating Facilities


On November 4, 2020, Shell Oil Company announced the closure of its refinery in Convent, Louisiana, a situation that is far from isolated. As reported in the Wall Street Journal article, “Pandemic Pushes Fuel Makers in Richer Countries to the Brink,” 11 refineries from the U.S. to Japan have announced…

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Author Profile

Jay Adams is a partner in the Tax Practice Group and leader of the state and local tax team. Through partnering with his clients, Adams has developed a broad knowledge of the energy, manufacturing, healthcare, transportation and retail industries that allows him to provide comprehensive and cost-effective advice in those areas.

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Bill Backstrom is a partner and leader of Jones Walker’s Tax Practice Group. For more than 35 years, he has focused on state and local tax matters in Louisiana and on a multistate basis. Backstrom provides comprehensive, practical and solution-focused tax guidance to a broad range of business enterprises. Known for the quality of his counsel, his commitment to client service, and his ability to explain sophisticated issues in clear terms – particularly with respect to Louisiana’s highly complex state and local tax system – Backstrom is recognized as a go-to tax attorney for clients with interests and operations across the region and nationally. 

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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