Tallgrass Energy LP said Dec. 3 that the board of directors of its general partner has appointed Matthew P. “Matt” Sheehy as president of Tallgrass Energy, effective immediately. He will report to Tallgrass CEO William R. “Bill” Moler and focus on the company’s commercial and business development efforts.
Sheehy originally joined Tallgrass Energy at inception in 2012 and held a number of roles, including president of Rockies Express Pipeline LLC and senior vice president and chief commercial officer for Tallgrass Energy. Since leaving Tallgrass in early 2018, Sheehy has been the chairman of Bridger Aerospace Group–a leading aerial firefighting company and a Blackstone portfolio company.
“We’re delighted to welcome Matt back to the Tallgrass family,” Moler said. “His in-depth knowledge of the midstream sector and his impressive ability to identify and commercialize energy infrastructure projects will once again add value to Tallgrass. His knowledge of our assets, our team members and customers, along with his recent experience with our financial sponsor Blackstone, makes him uniquely positioned to hit the ground running.”
“I am thrilled to return to Tallgrass during this exciting next chapter of its growth. I’m looking forward to reconnecting with the team and working together to deliver value-added solutions for our customers,” Sheehy added.
Oil producers led by Saudi Arabia and Russia agreed on Dec. 5 to cut output by an extra 500,000 barrels a day (bbl/d) for the final three months of their deal to curb supply but stopped short of pledging action beyond next March.
OPEC and allied oil producers will consider deepening their existing oil output cuts by about 400,000 barrels per day (bbl/d) to 1.6 MMbbl/d, Iraq's oil minister said on Dec. 1.
Production from the U.S., Norway, Brazil and Guyana will cut into demand, says report.