In a derivative action brought by a minority stockholder against a crude oil pipeline’s controlling stockholder, Mr. O’Loughlin calculated the damages resulting from a pipeline capacity lease between the pipeline and the controlling stockholder. Mr. O’Loughlin analyzed the demand for oil pipeline transportation services in Texas and the prices obtained for oil pipeline transportation service on new oil pipeline projects serving the Gulf Coast market. This analysis informed his opinion of a fair lease rate that could have been obtained by an independent owner of the pipeline.