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© 2015 Valerus. Confidential and proprietary. All rights reserved.© 2015 Valerus. Confidential and proprietary. All rights reserved.

Kyle Taylor | Legal Department Intern

Valerus 2015 Internship Report-Out

August 2015

© 2015 Valerus. Confidential and proprietary. All rights reserved. 2

INTRODUCTION

• Intern Participant: Kyle Taylor

• Degree: Political Science

• School: Graduation: University of Oklahoma/ December 2015

• Internship Period: June 14th – August 14th

• Intern Assignment: Cheniere Energy Contract, knowledge Management Group Project & Valerus Domestic Customer Spreadsheet

• Intern Mentor(s): Legal Team

• Intern Director/VP: Mark Carlton


Legal Conference: Oil and Gas / Knowledge Management

• The first week of my internship I attended the first annual Oil and Gas Legal Conference here in Houston

• We broke up into two separate groups:

– Contract Principals Group– Knowledge Management

Group

• First experience in the legal world • Great opportunity to meet and

network with people from all 3 companies

• Knowledge Management group was in charge of researching new platforms for information sharing and collaborating through the criteria of:

– Reducing costs– Execution and start up – Great security– Easy to use– The ability to search quickly

through the document – Disaster recovery


Cheniere Energy

Partners, L.P. Contract


Assignment Execution

• Look for the statutes of limitations throughout the contract

• Find the Effective date

• Learn what the contract involved and the wording

• Look in the survival clause to see what articles will survive

• Identify the indemnity type of the contract

• Search contract and identify any use of statutes of limitations to limit risk through clauses such as:

• Warranty• Title• Indemnity• Survival• Limit of Liability

• Produce concise Excel spreadsheet noting how statutes were used in each clause

Responsibilities Actions Results


Valerus Domestic

Customer List


Assignment Execution:

• Review 180+ customers and contract status

• The title of the contract

• List any historical purchases

• Make notes of terms and conditions or orders placed

• Identify the buyer and seller

• Use MSA folders and legacy folders to find past and present clients

• Create and organize an excel spreadsheet with specific criteria

• Created a convenient reference list of our top domestic sales customers, noting whether or not a master contract exists

Responsibilities Actions Results


Lessons Learned and Knowledge Gained

• Ask questions, be interested in what you are selling or helping to protect

• Don’t be afraid to talk or speak up

• Be flexible

• “Sometime you just have to go with your gut”

• Look for exact wording instead of going with my gut

• Learn to use instincts • Patience • It is about the path to the

answer• You can never ask too many

questions, take interest• The only way to overcome a

fear is by confronting it

Lessons Learned Knowledge Gained


Suggestions to Improve Internship

• More involvement with the other departments

• Multiple and longer site visits• More team building exercises

It is important for us to know what other departments do

- It helps us meet their needs and vice versa

It would allow us to see more of the business and understand the departments and operations

With a greater time allotment, it would provide us with greater learning opportunities

Suggestion Rationale


Positives

• Helpful and friendly mentors and teammates

• Team building • Networking at the Legal Conference

and events • Real world projects • Lunch and Learns


Questions?

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Documents