OKLAHOMA CITY—Blueknight Energy Partners LP (NASDAQ: BKEP) (NASDAQ: BKEPP) has named Andrew Woodward as the new CFO. Woodward joins Blueknight with substantial financial experience across investment banking, corporate development and corporate finance within the energy and midstream industry. He will begin his new role on April 29.
“We are pleased to welcome Andrew to our team and believe his extensive experience in operations and finance will be invaluable to our executive leadership group going forward,” said Mark Hurley, Blueknight CEO. “We believe Andrew’s presence on our executive team will only further solidify our efforts to deliver greater growth to our investors through our unmatched midstream portfolio.”
Prior to joining Blueknight Energy Partners, Woodward served as vice president, finance and treasurer of Andeavor Logistics (NYSE: ANDX), a $15 billion enterprise value company, where he was appointed by its board of directors to be the principal financial officer. Before his appointment, Woodward led investor relations for ANDX and started his career with Andeavor, now Marathon Petroleum, in corporate development leading valuation, structuring and economic analysis on over $10 billion of corporate and asset transactions. Woodward also served as vice president at RBC Capital Markets within its energy investment banking group where he advised on numerous large-scale mergers and acquisitions and capital market transactions.
Woodward received a Bachelor of Arts in economics and philosophy from Colorado College and a Master of Business Administration from the University of Texas at Austin.
Company’s revolving credit facility increases to $100 million.
The acquisition of Fountain Qual Water Treatment is expected to strengthen XRI Holdings’ network of water midstream systems in the Permian Basin.
Jack Thayer previously served as CFO at Exelon and Constellation Energy Group, both of which are Fortune 500 energy companies.