Denver-based energy infrastructure firm Caliber Midstream Partners has named R. Poe Reed as president and CEO. The appointment became effective June 9, 2014. Previously, Reed worked at Enable Midstream where he served as executive vice president and chief commercial officer. Caliber is a joint venture between First Reserve‘s energy infrastructure fund and Triangle Petroleum Corp.
DENVER, June 9, 2014 /PRNewswire/ — Caliber Midstream Partners, L.P. (“Caliber”) has appointed R. Poe Reed as President and Chief Executive Officer, effective June 9, 2014. In his role as President and Chief Executive Officer, Mr. Reed will be responsible for the overall leadership of the business as well as the execution of the company vision. He will be based at company headquarters in Denver, CO.
Mr. Reed was previously Executive Vice President and Chief Commercial Officer for Enable Midstream (NYSE: ENBL), a joint venture between CenterPoint Energy and OGE Energy. Prior to this position, Reed was Division Senior Vice President and Chief Commercial Officer for CenterPoint Energy’s Interstate Pipelines. He joined CenterPoint Energy following 20 years with DCP Midstream and its predecessors, where he held various leadership roles including President Duke Energy Field Services Canada. Mr. Reed received a Bachelor of Science in Business Administration and a Master of Science in Industrial Safety Management from West Virginia University.
Caliber was formed in October 2012 as a joint venture between First Reserve’s Energy Infrastructure Fund (“First Reserve”) and Triangle Petroleum Corporation (“Triangle”) as a midstream provider offering a full service pipeline solution to producers for oil, natural gas, flowback and produced water and fresh water in the Bakken shale. Since inception, Caliber has constructed over 140 miles of pipeline and has signed contracts with several third party producers, significantly expanding its footprint and service offerings.
About Caliber Midstream Partners, L.P.
Caliber is an independent, growth-oriented energy infrastructure company that provides a full suite of midstream services to producers in the Bakken and Three Forks shale oil plays. Caliber is focused on developing innovative, cost-effective and efficient solutions developed synergistically to handle a producer’s molecules, not just their hydrocarbons. Caliber’s services include crude oil and natural gas gathering, transportation, treating and processing; produced water transportation and disposal in Caliber operated injection wells; and fresh water sourcing and transportation by pipeline linked to various points of supply. Caliber is a joint venture between First Reserve’s Energy Infrastructure Fund and Triangle Petroleum Corporation. For more information, visit Caliber’s website at www.calibermidstream.com.
About First Reserve
First Reserve is the largest global private equity firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised more than USD $27 billion of aggregate capital since inception. Putting these relationships to work, First Reserve has completed more than 475 transactions (including platform investments and add-on acquisitions) on six continents. Its portfolio companies operate in approximately 50 countries and span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure. First Reserve has offices in Greenwich, CT; Houston, TX; London, U.K. and Hong Kong. For more information, visit First Reserve’s website at www.firstreserve.com.
About Triangle Petroleum Corporation
Triangle Petroleum Corporation (NYSE MKT: TPLM) is a vertically integrated, growth oriented energy company with a strategic focus on developing the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana. For more information, visit Triangle’s website at www.trianglepetroleum.com.