As the global energy market expands, energy companies and operators often contemplate measures to enhance and accelerate projects and planned developments. A surefire method to reshape an energy company’s fortunes is to reform its leadership. Summit Midstream has done exactly that by bringing a new Chief Commercial Officer into the company this year.
Summit Midstream: not your average or conventional midstream company
The Summit Midstream Corporation is a value-driven midstream company that focuses on the development and ownership of significant energy infrastructure assets, which are strategically located in unconventional resource basins in and around the United States. As the oil and gas pipeline capacity grows in the US, Summit Midstream is taking a less-traveled development route.
The company provides a full range of services to its customers, including but not limited to crude oil, natural gas, and produced water gathering, processing, and transportation services. The company focuses its efforts on the more unconventional basins in the United States, which are:
- Williston Basin, which includes the Bakken and Three Forks shale developments in North Dakota
- Denver-Julesburg Basin, which holds the Niobrara and Codell shale formations in Wyoming and Colorado
- Fort Worth Basin, which includes the Texas-based Barnett Shale formation
- Arkoma Basin, with the Woodford and Caney shale formations located in Oklahoma
- Piceance Basin, which includes the Mancos, Niobrara, and Mesaverde shale formations in Colorado
Additionally, Summit Midstream holds a significant equity method investment in the Double E Pipeline, which transports natural gas from the Delaware Basin to various delivery points in and around Texas.
The Houston-based company has appointed a new Chief Commercial Officer
To accelerate the company’s expansion of its U.S. pipeline and gathering network, Summit Midstream recently announced that it has appointed Chris Tennant to the Senior Vice President and Chief Commercial Officer roles, effective immediately.
In this new role, Mr. Tennant will be responsible for overseeing the company’s expansion ambitions, serving several key factors that could enable the company to accelerate its expansion this year. Among the responsibilities that the new CCO will hold are:
- Overseeing Summit Midstream’s commercial strategy over the coming years
- developing positive relationships with new and existing customers
- developing significant long-term growth initiatives across the company’s sizable footprint in the US energy market
Chris Tennant previously served in several senior leadership roles at Matador Resources, where he was credited with developing and executing new and exciting midstream strategies. Prior to his role at Matador Resources, he served an exceedingly long tenure at EnLink Midstream, where he held multiple senior commercial leadership roles.
As the US energy market expands, several companies have outlined their growth initiatives for the year ahead, and Summit Midstream has breathed fresh air into the company with the new appointment of Chris Tennant. The remarkable growth and expansion of the US energy sector has been a sight for sore eyes for those who have been awaiting the new era of world domination by the United States energy industry.
“Chris brings extensive commercial experience and demonstrated leadership across midstream organizations to Summit. His background in developing and executing commercial strategies will support our growth initiatives and continued focus on long-term value creation.” – Heath Deneke, President, Chief Executive Officer and Chairman of Summit Midstream
The expansion of the United States energy sector is far from over
As the US now dominates the global energy production market, the reality is that not many countries can compete with the rapid expansion currently underway in and around the US. Several new natural gas pipelines and upgrades to existing ones have been proposed by a plethora of energy companies in the US market, and expectations are for the US to continue on its upward trajectory, at least while Donald Trump sits in the highest office in the land.
