CEQP

Overview

Crestwood Equity Partners LP (NYSE: CEQP) is a publicly traded master limited partnership that owns and operates midstream assets located primarily in the Williston Basin, Delaware Basin, Powder River Basin and Marcellus Shale. Our operations and financial results are divided into three segments that include Gathering & Processing North, Gathering & Processing South and Storage & Logistics. Across our three segments Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, transportation, terminalling and marketing of crude oil; and gathering and disposal of produced water.

Our goal is to create long-term value for our unitholders by delivering increasing distributable cash flow through organic expansion, development projects and acquisitions, while at the same time ensuring the ongoing stability of our business. We aim to provide the highest quality of customer service while maintaining focus on safety, diversity, equity & inclusion, environmental stewardship and building long-term community partnerships in the areas we operate.

Crestwood Organizational Structure

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Executive Management

Robert G. Phillips , ,

, FOUNDER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Robert G. Phillips currently serves as Founder, Chairman and Chief Executive Officer of Crestwood Equity Partners LP, which he founded in October 2010.

Mr. Phillips has more than 40 years’ experience in the energy industry.  He previously served as the President and Chief Executive Officer of Enterprise Products Partners L.P. Prior to Enterprise, Mr. Phillips served as Chairman and Chief Executive Officer of GulfTerra Energy Partners, L.P., and as Chairman, President and Chief Executive Officer of Eastex Energy, Inc. 

Mr. Phillips has previously served as a director of Pride International, Inc., Enterprise Products Partners L.P., Enterprise GP Holdings L.P., Eastex Energy, Inc. and Bonavista Energy Corporation.  He is currently serving on the board of directors of the Energy Infrastructure Council where he also co-chairs the ESG working group.  In 2021, Mr. Phillips was appointed to the National Petroleum Council which advises the United States Department of Energy on oil and gas related matters.  Mr. Phillips is a frequent contributor to CNBC and FOX Business News. 

Mr. Phillips holds a B.B.A from the University of Texas at Austin and a Juris Doctorate from South Texas College of Law. 

Robert Halpin , ,

, PRESIDENT

Robert Halpin is President of Crestwood Equity Partners LP. In his role, Robert is responsible for leading all of Crestwood’s commercial, operations, engineering and project management, financial, sustainability and corporate communications activities.

Robert joined Crestwood in 2012 and has served as Executive Vice President and Chief Financial Officer, Vice President of Finance and Vice President of Business Development. Prior to joining Crestwood, Robert served as an Associate at First Reserve and an investment banker in the Global Natural Resources Group at Barclays Capital.

Robert has a bachelor's degree in Finance from The University of Texas at Austin.

Diaco Aviki , ,

, EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER

Diaco Aviki is Executive Vice President and Chief Operating Officer at Crestwood Equity Partners LP. In his current role, Diaco is responsible for overseeing Crestwood’s commercial, business development, field operations, engineering and project management functions which primarily support Crestwood’s gathering and processing business.

Diaco joined Crestwood in 2017 as Senior Vice President of Business Development and Commercial Operations for the Gathering and Processing business segment for the Bakken and Rockies before expanding into his most recent role of Senior Vice President of Commercial, Gathering and Processing. He previously worked at BHP Billiton as Senior Manager of Midstream after serving as the Senior Manager of Natural Gas Marketing and Transportation for their Atlantic Basin Region. He began his career at ExxonMobil, holding various positions including U.S. Gas Strategy Lead.

Diaco holds a Bachelor of Science in Chemical Engineering from Auburn University and an MBA in Energy Finance from the University of Texas. Diaco serves on the Advisory Council for Auburn University’s College of Engineering.

John Black , ,

, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

John Black is Executive Vice President and Chief Financial Officer at Crestwood Equity Partners LP. He is responsible for overseeing Crestwood’s financial strategy, including financial planning and analysis, capital markets execution, treasury and cash management and investor relations.

John joined Crestwood in 2014 and previously served as Senior Vice President of Finance and Vice President of Finance. Prior to joining Crestwood, he was an Associate at First Reserve and an Analyst in the Mergers & Acquisitions group at Citi.

John holds a Bachelor of Science in Commerce from the University of Virginia.

Steven Dougherty , ,

, EXECUTIVE VICE PRESIDENT AND CHIEF ACCOUNTING OFFICER

Steven Dougherty is Executive Vice President and Chief Accounting Officer at Crestwood Equity Partners LP.  He oversees accounting, reporting, tax and information technology.

Steven joined Crestwood in 2012 and previously served as Interim Chief Financial Officer of Crestwood. Prior to Crestwood, Steven spent eleven years at El Paso Corporation as Director of Corporate Accounting and seven years working in public accounting at KPMG LLP. 

Steven holds a Master of Public Accountancy from the University of Texas at Austin.

Joel Lambert , ,

, EXECUTIVE VICE PRESIDENT AND CHIEF LEGAL, SAFETY AND COMPLIANCE OFFICER

Joel Lambert is Executive Vice President and Chief Legal, Safety and Compliance Officer at Crestwood Equity Partners LP. Joel provides oversight and guidance on all legal matters, corporate governance, safety and compliance.

Prior to joining Crestwood in 2013, Joel was Vice President, Legal, at First Reserve. He joined First Reserve in 2007 and served on Crestwood's board of directors from 2010 to 2013. Prior to First Reserve, he worked as an associate attorney in the Business and International Section of Vinson & Elkins LLP, both in their Houston and Moscow offices. Before that, he was an Intern for Chief Justice Tom Phillips on the Texas Supreme Court as well as a Russian linguist and Military Intelligence Specialist for the United States Army. Joel served in Iraq and Saudi Arabia during Desert Shield and Desert Storm.

Joel currently serves on the board of Junior Achievement of Southeast Texas and Performing Arts Houston. He holds a bachelor's degree in Environmental Design from Texas A&M University and a Doctor of Jurisprudence from the University of Texas School of Law.

Will Moore , ,

, EXECUTIVE VICE PRESIDENT, CORPORATE STRATEGY

Will Moore is Executive Vice President, Corporate Strategy at Crestwood Equity Partners LP.  In this role, Will is focused on strategic planning and corporate development, including asset and M&A transaction origination, execution and commercial development to support the partnership's long-term strategic goals. Will serves as the head of Crestwood’s Kansas City corporate office.   

Will joined Inergy, which merged with Crestwood in 2013, as a legal analyst and business development associate.  During his time at Inergy, Will held various positions in corporate and business development, including Director of Midstream Development and Vice President of Corporate Development. 

Will serves on the Board of Governors for the University of Kansas School of Law.  He holds a B.A. and M.B.A from Fort Hays State University, and a Juris Doctor degree, from the University of Kansas School of Law.

Senior Management

Jeff Cathey , ,

, SENIOR VICE PRESIDENT & CONTROLLER

Jeff Cathey is Senior Vice President & Controller at Crestwood Equity Partners LP.

Jeff joined Crestwood in 2013, serving in a variety of roles with his most recent being Vice President, Controller. Prior to Crestwood, he was an Assistant Controller at Shamrock Trading Corporation and started his career in accounting at Ernst and Young.

Jeff has bachelor’s degrees in both Finance and Accounting from Kansas State University. He obtained his Masters of Accounting from Kansas State University and is also a Certified Public Accountant.

Rob de Cardenas , ,

, SENIOR VICE PRESIDENT OF CRUDE AND GAS MARKETING

Rob de Cardenas is Senior Vice President of Crude and Gas Marketing at Crestwood Equity Partners LP.

Rob joined Crestwood in 2015 as Vice President of Crude Marketing. He previously was at Enterprise Products Company holding the titles of Vice President of Crude Supply and Marketing, Senior Director of Crude Oil Marketing and Director of Natural Gas Marketing. He also held roles at AGL Resources as Senior Director of Business Development after beginning his career at Shell Oil Company in trading and analyst roles.

Rob holds a bachelor’s degree in Finance from the University of Texas at Austin and his MBA from the University of Houston – Clear Lake.

Robert Hallett , ,

, SENIOR VICE PRESIDENT OF BUSINESS DEVELOPMENT

Robert Hallett is Senior Vice President of Business Development at Crestwood Equity Partners LP.

Robert joined Crestwood in 2021 as Vice President of Strategy and Business Development. Robert has more than twenty five years of business development experience in midstream and E&P roles in both public and private equity roles. Robert was an investment banker for ten years at the Managing Director level for a large international bank and previously was the General Counsel and Head of Legal for Canada’s largest investor owned utility. Prior to Crestwood, Robert was an executive member of an E&P portfolio company in the Permian Basin and was Senior Vice President at Eagle Rock Energy Partners.

Robert holds a Bachelor of Science in Geology and Zoology from the University of Alberta and a Juris Doctor from the University of Calgary. He is on the board of the Youth Development Center.

Ben Hansen , ,

, SENIOR VICE PRESIDENT OF OPERATIONS

Ben Hansen is Senior Vice President of Operations at Crestwood Equity Partners LP. In his role, Ben oversees operations at Crestwood’s Permian, Marcellus and Powder River Basin assets along with Crestwood's storage and transportation assets, transportation business, terminal operations and operations services department.

Ben joined Crestwood in 2012 as a Project Director followed by Director of Eastern Operations and Vice President of Marcellus and Permian Operations before taking on his current role. Prior to joining Crestwood, he held Project Manager roles at El Paso Corporation and subsequently Kinder Morgan after its acquisition of El Paso.

Ben has a Bachelor of Science in Mechanical Engineering from Texas A&M University. Ben sits on the Board of the GPA Midstream Association.

Joanne Howard , ,

, SENIOR VICE PRESIDENT OF ESG AND CORPORATE COMMUNICATIONS

Joanne Howard is Senior Vice President of ESG and Corporate Communications at Crestwood Equity Partners LP.

Joanne joined Crestwood in 2018 and has held the roles of both Vice President and Director of ESG and Corporate Communications. Prior to joining Crestwood, she served as Director of Sustainability at Spectra Energy before overseeing the combining of sustainability programs with Enbridge as part of the merger in 2017. Before that she was the vice-consul for energy and environment at UK Trade & Investment located at the British Consulate-General in Houston.

Joanne holds a Bachelor of Science in Politics with International Relations from the University of Wales- Swansea and a Master’s in International Relations from the University of Bristol. She currently serves on the board of the British American Foundation of Texas, the Awty International School Alumni Association and ONE Future as well as the advisory board of the Barbara Bush Houston Literacy Foundation and Young Women's College Preparatory Academy. She is also the co-lead of the EIC/GPA ESG Working Group.

Mark Mitchell , ,

, SENIOR VICE PRESIDENT OF COMMERCIAL OPERATIONS AND BUSINESS DEVELOPMENT

Mark Mitchell is Senior Vice President of Commercial Operations and Business Development at Crestwood Equity Partners LP. In his role, Mark is responsible for overseeing the commercial operations for Crestwood's Gathering & Processing assets as well as operations and business development for Tres Palacios Gas Storage.

Mark has been with Crestwood since 2013 and previously held the role of Senior Vice President of Eastern U.S. Commercial Operations and Senior Vice President of the Natural Gas Business Unit. With 25 years in the industry, his most recent roles prior to Crestwood include Managing Director at Macquarie Energy and Senior Vice President at Constellation Energy where he was responsible for natural gas origination and business development for North America at each company.

Mark holds his bachelor’s degree in English Literature from Rice University.

Eric Ormond , ,

, SENIOR VICE PRESIDENT, ENGINEERING & PROJECT MANAGEMENT

Eric Ormond is Senior Vice President, Engineering & Project Management at Crestwood Equity Partners LP. In his role, he oversees project management and construction, cost leadership, engineering, land and right-of-way acquisition, environmental services and asset integrity.

Eric joined Crestwood in 2013, holding multiple roles in the organization from project management to strategic development with his most recent being Vice President, Engineering & Project Management and Vice President, Strategic Development & New Ventures. Prior to joining Crestwood, Eric held engineering roles at Diverse Energy Systems and Audubon Engineering as well as working as a Landman early in his career.

Eric has a Bachelor of Science in Mechanical Engineering from Texas A&M University.

John Powell , ,

, SENIOR VICE PRESIDENT OF MARKETING, SUPPLY AND LOGISTICS

John Powell is Senior Vice President of Marketing, Supply and Logistics at Crestwood Equity Partners LP. In his role, John oversees commercial aspects of Crestwood’s entire NGL business with oversight over business development, information technology, risk control and accounting.

John has been with Crestwood and its predecessor, Inergy LP, since 2002. His previous roles include Vice President of Supply and Logistics and Vice President of Trading. Prior to joining Crestwood, he was a NGL Trader for both PG&E Energy and Louis Dreyfus Energy Services and Trading Analyst Supervisor at Koch Industries.

John is a Certified Public Accountant and holds a bachelor’s in Accounting from University of Florida’s Fisher School of Accounting. He has a Master of International Business from the Thunderbird School of Global Management.

Curt Van Hoorn , ,

, SENIOR VICE PRESIDENT OF BAKKEN OPERATIONS

Curt Van Hoorn is Senior Vice President of Bakken Operations at Crestwood Equity Partners LP. In his role, he oversees all operations in Crestwood’s Arrow Gathering and Processing System and COLT Hub Rail Loading and Oil Terminal.

Curt started at Crestwood as Director of Operations for Arrow in 2014 being promoted to Vice President of Bakken Operations before his current role. He has 28 years of experience in the midstream industry, most recently as an Area Manager at ONEOK before joining Crestwood.

Prior to his career in the energy industry, Curt served four years in the United States Army.

Josh Wannarka , ,

, SENIOR VICE PRESIDENT OF FINANCE

Josh Wannarka is Senior Vice President of Finance at Crestwood Equity Partners LP. In his role, he oversees all of Crestwood’s corporate finance and investor relations.

Josh joined Crestwood in 2015 and previously served as Senior Vice President of Investor Relations, ESG and Corporate Communications and Vice President of Investor Relations. Prior to joining Crestwood, he was Director of Investor Relations at QR Energy Partners and Manager of Financial Planning & Analysis and Investor Relations at Crimson Exploration. He also held analyst roles at both RBC Capital Markets and J.P. Morgan.

Josh holds a bachelor’s degree in Economics from Fordham University and an MBA from the Fuqua School of Business at Duke University. He also has his Investor Relations Charter certification from the National Investor Relations Institute.

Deana Werkowitch , ,

, SENIOR VICE PRESIDENT OF AUDIT, TECHNOLOGY AND IMPLEMENTATION SERVICES

Deana Werkowitch is Senior Vice President of Audit, Technology and Implementation Services at Crestwood Equity Partners LP.

Deana joined Crestwood in 2015 where she most recently served as Vice President of Business Process Optimization and prior to that as the Director of Marketing and Commercial Trading Systems. Prior to joining Crestwood, she was the Director of Information Technology at Lansing Trade Group after many years of being an Energy, Trading and Risk Management Consultant within the industry.

Deana holds a bachelor’s degree in Finance and Economics from Wichita State University, an MBA from Webster University and a Black Belt in Lean Six Sigma from the University of Kansas.

Board of Directors

Robert G. Phillips , ,

, FOUNDER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Robert G. Phillips currently serves as Founder, Chairman and Chief Executive Officer of Crestwood Equity Partners LP, which he founded in October 2010.

Mr. Phillips has more than 40 years’ experience in the energy industry.  He previously served as the President and Chief Executive Officer of Enterprise Products Partners L.P. Prior to Enterprise, Mr. Phillips served as Chairman and Chief Executive Officer of GulfTerra Energy Partners, L.P., and as Chairman, President and Chief Executive Officer of Eastex Energy, Inc. 

Mr. Phillips has previously served as a director of Pride International, Inc., Enterprise Products Partners L.P., Enterprise GP Holdings L.P., Eastex Energy, Inc. and Bonavista Energy Corporation.  He is currently serving on the board of directors of the Energy Infrastructure Council where he also co-chairs the ESG working group.  In 2021, Mr. Phillips was appointed to the National Petroleum Council which advises the United States Department of Energy on oil and gas related matters.  Mr. Phillips is a frequent contributor to CNBC and FOX Business News. 

Mr. Phillips holds a B.B.A from the University of Texas at Austin and a Juris Doctorate from South Texas College of Law. 

Warren H. Gfeller ^ , ,

Warren H. Gfeller was appointed to the Board of Directors of Crestwood Equity GP LLC (formerly Inergy GP, LLC) in July 2001 and the Board of Directors of Crestwood Midstream GP LLC (formerly NRGM GP, LLC) in December 2011. In addition, Mr. Gfeller currently serves on the Board of HC2 Holdings, Inc. (NYSE: HCHC) and previously served as President and Chief Executive Officer of Ferrellgas Partners, L.P. He was recently appointed to serve on the U.S. Department of Agriculture Advisory Committee as well as Commissioner for Kansas Wildlife Parks and Tourism. At Crestwood, he serves as the Lead Independent Director and the Chair of the Nominating and Governance Committee.

Janeen S. Judah , ,

Janeen S. Judah was appointed to the Board of Directors of Crestwood Equity GP LLC in November 2018. She currently serves as a director at Patterson-UTI Energy, Inc. (NASDAQ:PTN) and Aethon Energy. Ms. Judah previously held numerous leadership positions at Chevron including general manager for Chevron's Southern Africa business unit, president of Chevron Environmental Management Company and general manager, Reservoir and Production Engineering for Chevron Energy Technology Company (NYSE:CVX). At Crestwood, she serves as the Chair of the Sustainability Committee and a member of the Nominating and Governance Committee.

David Lumpkins , ,

David Lumpkins was appointed to the Board of Directors of Crestwood Equity GP LLC in November 2015 after serving on the Board of Directors of Crestwood Midstream GP LLC since October 2013. He previously served as a director at Westlake Chemical Partners GP LLC, the General Partners of Westlake Chemical Partners LP (NYSE: WLKP). He was the co-founder, and currently serves as Chairman, of PetroLogistics II LLC, the next iteration of PetroLogistics LP after it was sold to Flint Hills Resources LLC in July 2014. At Crestwood, he serves as Chair of the Finance Committee and a member of the Audit Committee.

Angela A. Minas , ,

Angela A. Minas was appointed to the Board of Directors of Crestwood Equity GP LLC in January 2022. She currently serves on the Board of Directors of the general partner of Westlake Chemical Partners (NYSE: WLKP) and as a director of Vallourec S.A., (Euronext: VK). Ms. Minas has previously served on the boards of CNX Midstream Partners, Weatherford International (NASDAQ: WFRD) and Ciner Resources LP (NYSE: CINR). She was Vice President and Chief Financial Officer of DCP Midstream and Chief Financial Officer, Chief Accounting Officer and Treasurer for Constellation Energy Partners. At Crestwood, she serves as Chair of the Audit Committee and a member of the Compensation Committee.

Gary D. Reaves , ,

Gary D. Reaves was appointed to the Board of Directors of Crestwood Equity GP LLC in September 2022. He currently is a Managing Director at First Reserve, which he joined in 2006. Prior to joining First Reserve, he held roles in the Global Energy Group at UBS Investment Bank and Howard Frazier Barker Elliott, Inc. At Crestwood, he serves as a member of the Finance Committee.

John J. Sherman , ,

John J. Sherman was appointed to the Board of Directors of Crestwood Equity GP LLC (formerly Inergy GP, LLC) in July 2001 and the Board of Directors of Crestwood Midstream GP LLC (formerly NRGM GP, LLC) in December 2011. Mr. Sherman is the former Chief Executive Officer and President of Inergy, L.P. and Inergy Midstream, L.P. and served in those positions until June 2013. He currently serves as Chairman and CEO of the Kansas City Royals Baseball Club. At Crestwood, he serves as a member of the Finance and Sustainability Committees.

Frances M. Vallejo , ,

Frances M. Vallejo was appointed to the Board of Directors of Crestwood Equity GP LLC in February 2021. She currently serves as a director at Coterra Energy Inc. (NYSE:CTRA). Ms. Vallejo is a former executive officer of ConocoPhillips (NYSE:COP) where she held a variety of leadership positions including vice president of corporate planning and development and vice president and treasurer. At Crestwood, she serves as a member of the Audit, Compensation and Sustainability Committees.

Clay C. Williams , ,

Clay C. Williams was appointed to the Board of Directors of Crestwood Equity GP LLC in January 2022. He currently serves as Chairman, President and Chief Executive Officer of NOV Inc. (NYSE: NOV) (“NOV”). Mr. Williams previously served as NOV’s Chief Operating Officer and Chief Financial Officer and in numerous financial roles with Varco before its merger with National Oilwell in 2005. From 2009 – 2019, Mr. Williams served on the board of Benchmark Electronics (NYSE: BHE). At Crestwood, he serves as the Chair of the Compensation Committee and a member of the Nominating and Governance Committee.

Corporate History

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May 2010 First Reserve and Crestwood Holdings establish a partnership to pursue investments in midstream assets located in unconventional resource plays.
October 2010 Crestwood Holdings acquires Quicksilver Gas Services (NYSE:KGS) containing Barnett Shale gathering and processing assets for $701 million, renames the company Crestwood Midstream Partners LP and begins trading on the NYSE under the symbol CMLP.
March 2012 Crestwood Midstream Partners LP acquires Antero Resources' (NYSE:AR) gathering system targeting the Marcellus Shale in Harrison and Doddridge Counties, West Virgina for $380 million.
June 2013 Crestwood Holdings completes the acquisition of Inergy, L.P. general partner and contributes the general partner of Crestwood Midstream Partners LP to Inergy, L.P. This transaction is the first part of the merger between Crestwood and Inergy to create a fully integrated midstream partnership with a combined enterprise value in June 2013 of approximately $7 billion.
July 2013 Crestwood Midstream Partners LP completes the acquisition of gathering, processing and crude-by-rail terminal assets in the Powder River Basin for $150 million.
October 2013 Crestwood Midstream Partners LP closes merger with Inergy Midstream, L.P. (NYSE: NRGM), the final step in the combination of Inergy and Crestwood, creating a mid-cap MLP platform with an enterprise value of $8 billion. At the time of merger, Inergy Midstream, L.P. changed its name to Crestwood Midstream Partners LP (NYSE:CMLP) and Inergy, L.P. changed its name to Crestwood Equity Partners LP (NYSE:CEQP).
November 2013 Crestwood Midstream Partners LP acquires Arrow Midstream’s gathering business in the Bakken Shale for $750 million.
April 2014 Crestwood Midstream Partners LP announces Willow Lake gathering and processing expansion project in the Delaware Permian Basin.
December 2014 Crestwood Equity Partners LP completes sale of Tres Palacios to Crestwood Midstream Partners LP and Brookfield Infrastructure for $130 million.
September 2015 Crestwood Equity Partners LP closes merger with Crestwood Midstream Partners LP creating one fully integrated partnership with common investors, customers and assets. Crestwood Equity Partners LP's (“Crestwood”) common units continue trading on the NYSE under the symbol CEQP.
November 2015 Crestwood completes a 1-for-10 reverse split on its common units.
June 2016 Crestwood forms joint venture with Consolidated Edison, Inc.
(NYSE: ED), named Stagecoach Gas Services LLC, to own and develop natural gas pipeline and storage assets in the Northeast. As part of the transaction, Crestwood received approximately $975 million for 50% of its existing Northeast pipeline and storage assets contributed to the joint venture.
September 2016 Crestwood enters into long-term agreement with SWEPI LP (“SWEPI”), a subsidiary of Royal Dutch Shell plc, to construct, own and operate a natural gas gathering system in the Delaware Permian Basin.
November 2017 Crestwood commissioned Phase 1 of the Bear Den Processing Plant to support increasing gas volumes on Crestwood’s Arrow gathering system. Phase 1 provides 30 MMcf/d of processing capacity which will be increased to 150 MMcf/d upon completion of the Phase 2 expansion in 2019.
December 2017 Crestwood divests US Salt, LLC, a non-core business in Crestwood’s traditional midstream portfolio, for approximately $225 million.
July 2018 Crestwood commissioned the 200 MMcf/d Orla cryogenic processing plant, fully integrates Willow Lake and Nautilus gathering system, and secures long-term NGL takeaway solution.
April 2019 Crestwood acquires Williams’ (NYSE: WMB) 50% interest in Powder River Basin joint venture for $485 million, doubling its position in one of its core, high-growth assets and becoming one of the largest gas processing companies in the basin.
August 2019 Crestwood commissioned Phase 2 of the Bear Den Processing Plant located in Watford City, ND. Phase 2 is a 120 MMcf/d cryogenic processing plant that increases Crestwood’s processing capacity in the Bakken to 150 MMcf/d.
February 2020 Crestwood commissioned the Bucking Horse II processing plant in the Powder River Basin which increases total gathering and processing capacity in the basin to 345 mmcf/d and allows Crestwood to offer producer customers the best natural gas and gas liquid recoveries in the basin.
April 2020 Crestwood closed on the acquisition of NGL assets from Plains All American (NYSE: PAA) for approximately $160 million, adding approximately 7 million barrels of NGL storage, a multi-year supply agreement with Plains and additional access to attractive transportation capacity from Mont Belvieu to the MS&L portfolio.
October 2020 Crestwood divests non-core natural gas gathering and compression assets in the Fayetteville Shale for approximately $23 million.
March 2021 Crestwood and new investors acquire First Reserve’s common units and general partner interest, transforming Crestwood into an independent public company with traditional governance and driving leading MLP governance.
July 2021 Crestwood and joint venture partner Consolidated Edison, Inc. (NYSE: ED) divest Stagecoach Gas Services LLC to Kinder Morgan, Inc. (NYSE:KMI) for $1.225 billion.
October 2021 Crestwood announced it will acquire Oasis Midstream Partners (NASDAQ: OMP) in a $1.8 billion transaction further solidifying Crestwood’s competitive position as a leading service provider in the Williston Basin.
February 2022 Crestwood completes acquisition of Oasis Midstream Partners, enhancing its scale and competitive position in the Williston and Delaware Basins.
July 2022 Crestwood divests non-core Barnett Shale assets to EnLink Midstream, LLC (NYSE: ENLC) for $275 million.
July 2022 Crestwood acquires Sendero Midstream Partners, LP for $600 million in cash and First Reserve’s 50% equity interest in CPJV for 11.3 million common units, creating immediate scale in the Delaware Basin.

Awards

Award Section

Crestwood is proud to be recognized among the top ranked companies in employee workplaces, diversity, equity & inclusion, customer satisfaction and environmental stewardship. At Crestwood, we have a culture of excellence and always strive to be a best-in-class midstream provider.




Know What`s Below. Call Before You Dig.
Safety is Our First Priority. We strive to promote health and maintain a high standard of safety for our company, the public and the environment through careful planning and responsible operations.
Contact: 811 Main St., Suite 3400, Houston, TX 77002.