Former director of Tulsa-based Magellan Midstream Partners dies
BY Associated Press
Monday, January 05, 2009
1/05/09 at 4:49 PM
CHARLESTON, W.Va. — Penn Virginia Resource Partners says general partner John DesBarres has died.
Radnor, Pa.-based Penn Virginia announced Desbarres' Dec. 29 death in a Securities and Exchange Commission filing Monday, saying it's seeking a replacement immediately. DesBarres' death leaves it out of compliance with New York Stock Exchange standards.
DesBarres fulfilled a requirement that Penn Virginia Resources Group, general partner of Penn Virginia Resource Partners, have three independent directors and a financial expert on its audit committee.
Penn Virginia controls coal reserves in Appalachia and the San Juan and Illinois basins and has natural gas operations in Texas and Oklahoma.
DesBarres also was a director of Tulsa, Okla.-based Magellan Midstream Partners and Columbus, Ohio-based American Electric Power.