Brandon Webster, president and CEO of Connect Midstream LLC, is today’s featured Forty Under 40 honoree.
Connect Midstream, headquartered in Oklahoma City, is backed by a $150 million commitment from private equity firm Tailwater Capital. Webster helped form the private midstream energy company, which leadership team has diverse midstream and upstream experience.
In early 2018, Webster successfully led his team on the origination of three separate commercial contracts within a six-month window, which resulted in more than 170,000 net acres and 2.2 million gross acres being dedicated to Connect Midstream over 20 years.
However, by early 2019, Webster said it became clear that U.S. oil and gas was changing and we as a private-equity-backed midstream company needed to evolve.
“I went to the other members of our leadership team with a plan to switch our core focus from growth, development and transition to prioritizing operations and business optimization. ... It took us nearly a year, but the results have yielded a greater than 15% annualized reduction in operating expense and corporate overhead costs, a gathering and processing system averaging less than 1% L&U, plant recoveries well exceeding manufacturer modeled simulations while using less plant fuel, and safety and environmental metrics that continue to receive glowing feedback during third-party audits and inspections,” he said.
Click here for Brandon Webster’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
'No Energy Transition Without Fossil Fuels,' Civitas Sustainability Head Says
In this exclusive video interview, Brian Cain, Chief Sustainability Officer at Civitas Resources, talks about the role of E&P companies in energy transition and how Civitas is aligning its operations with ESG goals.
‘ESG Champion’ Talks Energy Transition, ESG Reporting and Sustainability
Allyson Anderson Book, vice president of energy transition with Baker Hughes and honoree of Hart Energy’s ESG Champion Award, sat down with Hart Energy’s Faiza Rizvi to talk more about ESG and energy transition.
Big Oil’s Net-Zero Goal: Myths and Realities
In an exclusive roundtable discussion, executives offer expert insights on the road map to net-zero emissions and the immediate actions required from governments and businesses.