THE WOODLANDS, Texas,
Aug. 9, 2019 /PRNewswire/
-- Summit Midstream Partners, LP (NYSE: SMLP) today announced
that its Board of Directors has appointed J. Heath Deneke to serve as President and Chief
Executive Officer of Summit Midstream Partners, LLC, effective
September 16, 2019. Mr. Deneke will
also join the Board of Directors of Summit Midstream GP, LLC.
Leonard Mallett, who has been
serving as President and CEO of Summit Midstream Partners on an
interim basis since February 2019,
will continue to serve as the Company's Chief Operations Officer
and will report to Mr. Deneke.
Mr. Deneke joins Summit Midstream Partners from Crestwood Equity
Partners, where he most recently served as Executive Vice
President, Chief Operating Officer and a member of the Office of
the Chairman since August 2017, where
he was responsible for commercial development and operations of its
midstream businesses, including assets in the Bakken, Barnett,
Fayetteville, Marcellus, Powder
River, and Permian basins.
Mr. Deneke commented, "I am excited to lead the Summit Midstream
team and work with the Board to deliver our strategic plan,
including strengthening the balance sheet, executing our growth
projects and improving our competitive position in our Core Focus
Areas. I look forward to getting to know our people, meeting with
our stakeholders and working to enhance unitholder value."
Peter Labbat, director of SMLP
and Managing Partner at Energy Capital Partners, SMLP's largest
unitholder, said, "We are very pleased to welcome Heath as Summit's
new chief executive. After an extensive search, the Board is
confident that he has the right mix of industry knowledge,
experience and leadership skills to lead Summit into the future for
the benefit of our customers, partners, employees and
unitholders."
Labbat continued, "We also want to thank Leonard for taking on
the additional responsibility of serving as Summit's President and
CEO on an interim basis. His leadership was invaluable during this
period of transition, and we look forward to his continued
contributions as our Chief Operations Officer."
Prior to his role as EVP and Chief Operating Officer of
Crestwood Equity Partners, Mr. Deneke served as the Chief Operating
Officer and President of Crestwood's Pipeline Services Group from
June 2015 to August 2017, as President, Natural Gas Business
Unit of Crestwood's general partner from October 2013 to June
2015 following the close of the Inergy/Crestwood merger and
as Senior Vice President and Chief Commercial Officer of Legacy
Crestwood from August 2012 until
October 2013. Prior to that, Mr.
Deneke served in various management roles at El Paso Corporation
and its affiliates starting in 1996, including Vice President of
Project Development and Engineering for the Pipeline Group, where
he was responsible for the planning and execution of over
$8 billion in expansion projects. At
El Paso, he also served as Director of Marketing and Asset
Optimization for Tennessee Gas Pipeline Company, LLC and Manager of
Business Development and Strategy for Southern Natural Gas Company,
LLC.
Mr. Deneke holds a bachelor's degree in Mechanical Engineering
from Auburn University. He serves on
the board of directors for Bay West Environmental and Bradford
Airport Logistics and is a member of the Houston Chapter of the
Young Presidents Organization.
About Summit Midstream Partners, LP
SMLP is a
growth-oriented limited partnership focused on developing, owning
and operating midstream energy infrastructure assets that are
strategically located in the core producing areas of unconventional
resource basins, primarily shale formations, in the continental
United States. SMLP provides natural gas, crude oil and
produced water gathering services pursuant to primarily long-term
and fee-based gathering and processing agreements with customers
and counterparties in six unconventional resource basins: (i) the
Appalachian Basin, which includes the Utica and Marcellus shale formations in
Ohio and West Virginia; (ii) the Williston Basin, which includes the Bakken and
Three Forks shale formations in North
Dakota; (iii) the Denver-Julesburg Basin, which includes the
Niobrara and Codell shale
formations in Colorado and
Wyoming; (iv) the Permian Basin,
which includes the Bone Spring and Wolfcamp formations in
New Mexico; (v) the Fort Worth Basin, which includes the Barnett
Shale formation in Texas; and (vi)
the Piceance Basin, which includes the Mesaverde formation as well
as the Mancos and Niobrara shale formations in Colorado and Utah. SMLP has an equity
investment in and operates Double E Pipeline, LLC, which is
developing natural gas transmission infrastructure that will
provide transportation service from multiple receipt points in the
Delaware Basin to various delivery
points in and around the Waha Hub in Texas. SMLP also has an
equity investment in Ohio Gathering, which operates extensive
natural gas gathering and condensate stabilization infrastructure
in the Utica Shale in Ohio. SMLP is headquartered in
The Woodlands, Texas.
About Summit Midstream Partners, LLC
Summit Midstream
Partners, LLC ("Summit Investments") beneficially owns a 41.8%
limited partner interest in SMLP and indirectly owns and controls
the non-economic general partner of SMLP, Summit Midstream GP, LLC,
which has sole responsibility for conducting the business and
managing the operations of SMLP. Summit Investments is a privately
held company controlled by Energy Capital Partners II, LLC, and
certain of its affiliates. An affiliate of Energy Capital Partners
II, LLC directly owns a 7.2% limited partner interest in SMLP.
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SOURCE Summit Midstream Partners, LP