Crestwood Midstream Partners LP Announces Former El Paso Corporation Executives to Join Crestwood's Executive Team
HOUSTON, TX -- (Marketwire) -- 08/10/12 -- Crestwood Midstream Partners LP (CMLP) ("Crestwood") announced today that Crestwood's general partner, Crestwood Gas Services GP LLC, has named J. Heath Deneke as Senior Vice President and Chief Commercial Officer and Steven M. Dougherty as Vice President and Chief Accounting Officer. Both of these positions will report to Robert G. Phillips, Crestwood's Chairman, President and Chief Executive Officer of Crestwood's general partner.
"I am pleased to welcome Heath and Steven to Crestwood's executive leadership team," said Phillips. "They bring valuable midstream energy industry experience and will be important contributors as we execute our new growth strategy to extend Crestwood's reach across the midstream value chain. As Crestwood's Chief Commercial Officer, Heath will recruit and build a first class business development team to compete for large scale midstream infrastructure projects across North America. Additionally, he will lead our merger and acquisition efforts which will now focus on acquiring assets down the value chain to compliment and diversify the strong field services business platform we have created with over $1.7 billion of acquisitions in the past two years. Based on his experience at El Paso, Heath's appointment to Crestwood comes at a great time as the industry continues to create opportunities for large scale infrastructure projects supported by the historic development of rich natural gas and crude oil shale plays."
"Steven, as our new Chief Accounting Officer ('CAO'), will be responsible for Crestwood's financial reporting, tax compliance and accounting processes and controls," continued Phillips. "Since June 1, 2012, Steven has assumed these responsibilities from Crestwood's interim CAO, transitioned our consultants, Alvarez and Marcel, out of their support role and is in the process of staffing Crestwood's reorganized accounting and financial reporting function. Steven gained a tremendous background in master limited partnership accounting and transactional experience at El Paso and will be instrumental in managing the growth of our partnership as Crestwood continues to acquire and build midstream assets."
Prior to joining Crestwood, Mr. Deneke served in various management positions at El Paso Corporation for the past 16 years. Most recently he was Vice President, Project Development and Engineering within the pipeline group managing over $6.7 billion of pipeline, storage, compression and LNG terminal projects as well as an annual pipeline maintenance budget of more than $300 million. Previously, Mr. Deneke was Director of Marketing and Asset Optimization for Tennessee Gas Pipeline and Manager of Business Development and Strategy for Southern Natural Gas. Mr. Deneke earned a bachelor's degree in Mechanical Engineering from Auburn University.
Mr. Dougherty was formerly Director of Corporate Accounting at El Paso Corporation since 2001. Prior to joining El Paso, Mr. Dougherty was a senior audit manager at KPMG LLP. Mr. Dougherty earned a Master of Public Accountancy degree from the University of Texas at Austin and is a Certified Public Accountant.
About Crestwood Midstream Partners LP
Houston, Texas-based Crestwood is a growth-oriented, midstream master limited partnership which owns and operates predominately fee-based gathering, processing, treating and compression assets servicing natural gas producers in the Barnett Shale in north Texas, the Fayetteville Shale in northwest Arkansas, the Granite Wash in the Texas Panhandle, the Marcellus Shale in northern West Virginia, the emerging Avalon Shale trend in southeastern New Mexico, and the Haynesville/Bossier Shale in western Louisiana. For more information about Crestwood, visit www.crestwoodlp.com.
Investor Contact: Mark Stockard 832-519-2207 email@example.com
Source: Crestwood Midstream Partners LP