BNET Industries
Market Cap:$1.6B
Last Fiscal Year Sales:$1.3B
- Public
- US
Dow Jones Description
MarkWest markets all kinds of petroleum. Founded in 1988 and headquartered in Englewood, CO, MarkWest Energy Partners L.P. (AMEX: MWE) has many activities in the oil and gas industries. The company gathers, processes, and transmits natural gas; transports, fractionates, and stores natural gas liquids; gathers and transports crude oil; and markets natural gas and natural gas liquids. The company had 2005 revenue of about $499.1 million and employs about 240 people. In November 2005, it acquired Javelina gas processing and fractionation facility from El Paso Corporation, Kerr-McGee Corp. and Valero Energy Corp for about $355 million.
Chief Executive Officer
Frank M. SempleContact Information
1515 Arapahoe Street
Tower 2, Suite 700
Denver, Colorado 80202-2126
303-925-9200
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
News & Analysis
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markwest energy partners l.p. and seeking alpha - All News and Analysis
MarkWest Energy Partners LP Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from John Edwards - Morgan Keegan. . John Edwards - Morgan Keegan Frank, could you talk a little bit about what you see longer term the midstream investment opportunity over the next two to three years? I guess what share you...
MarkWest Energy Partners L.P. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Teresa Fox - Stone Harbor. Teresa Fox - Stone Harbor I think when I was registering for this question, you actually answered it, so let me hit it again. Your 2010 CapEx program you said was $200 million, your expansion,...
MarkWest Energy Partners LP Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Michael Blum - Wachovia Securities. Michael Blum - Wachovia Securities A couple of questions on the quarter if you don’t mind; can you just talk about volumetrically, what’s going on at Javelina, number one. Number two, in Liberty...
MarkWest Energy Partners LP Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Noah Lerner - Hartz Capital. Noah Lerner - Hartz Capital Quick question, I was just trying to get my hands around the chart that you have in the back tied into the guidance. With...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Frank M. Semple | Chief Executive Officer |
| James G Ivey | Senior Vice President and Chief Financial Officer |
| John C Mollenkopf | Chief Operations Officer |
| Nancy K. Masten | Chief Accounting Officer & Acting CFO |
| Randy S. Nickerson | Chief Commercial Officer |
| Ted S. Smith | Chief Accounting Officer & Vice President |
| C. Conwin Bromley | Senior Vice President |
| David L. Young | Senior Vice President, Corporate Services |
| John C. Mollerkopf | Senior Vice President |
| Andrew L Schroeder | Vice President of Finance |
| Kim Marle | Vice President, NGL Marketing |
| Richard A. Ostberg | Vice President Risk and Compliance |
| V. Steven Dickerson | Vice President |
| Charles K. Dempster | General Partner |
| John M Fox | General Partner |
| Keith Bailey | General Partner |
| William A. Kellstrom | General Partner |
| Donald C. Heppermann | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| William P. Nicoletti | Board of Directors |
Frank M. Semple, Chairman, President, and Chief Executive Officer, was appointed as President of both our general partner and MarkWest Hydrocarbon, Inc. on November 1, 2003. Mr. Semple also became Chief Executive Officer of both MarkWest entities on January 1, 2004. Mr. Semple is a member of the Board of Directors of our general partner and was elected Chairman of the Board in October 2008. Prior to his service with MarkWest, Mr. Semple served in various capacities, most recently as Chief Operating Officer of WilTel Communications, formerly Williams Communications Group, Inc. (“WCG”) from 1997 to 2003. Prior to his tenure at WilTel Communications, he was the Senior Vice President/General Manager of Williams Natural Gas from 1995 to 1997, Vice President of Marketing and Vice President of Operations and Engineering for Northwest Pipeline, and Director of Product Movements and Division Manager for Williams Pipeline during his 22-year career with The Williams Companies. During his tenure at Williams Communications, he also served on the board of directors for PowerTel Communications and the Competitive Telecommunications Association (Comptel). Mr. Semple holds a Mechanical Engineering degree from the United States Naval Academy and is a professional engineer registered in the state of Kansas.
| Organization | Position | Status |
|---|---|---|
| MarkWest Hydrocarbon, Inc. | President & CEO | Current |
| MarkWest Energy Partners, L.P. | Chief Executive Officer | Current |
| Markwest Corporation | Chairman, President and Chief Executive Officer (Principal Executive Officer) | Current |
| Markwest Corporation | President, Chief Executive Officer and Director | Current |
| MarkWest Energy Partners, L.P. | Director | Current |
| MarkWest Hydrocarbon, Inc. | Board of Directors | Current |
| MarkWest Energy Partners, L.P. | President | Former |
| WilTel Communications, LLC | Chief Operating Officer | Former |
| Northwest Pipeline Corporation | Senior Vice President | Former |
| Williams Pipeline Co. | Senior Vice President | Former |
| Williams Pipeline Co. | Vice President of Marketing | Former |
| Northwest Pipeline Corporation | Vice President of Marketing | Former |
| MarkWest Hydrocarbon, Inc. | General Partner | Former |
| Markwest Corporation | General Partner | Former |
| MarkWest Energy Partners, L.P. | General Partner | Former |
| Williams Pipeline Co. | Director of Product Movements | Former |
| Williams Pipeline Co. | Division Manager | Former |
| Markwest Corporation | Director | Former |
| United States Naval Academy | bachelor's degree in mechanical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Senior Vice President and Chief Financial Officer | Current |
John C. Mollenkopf, Senior Vice President, Chief Operations Officer, was appointed as Chief Operations Officer of our general partner in October 2006. Prior to his appointment as COO, Mr. Mollenkopf served as Senior Vice President, Southwest Business Unit, since January 2004 and as Vice President, Business Development since January 2003. Prior to these positions,, he served as Vice President, Michigan Business Unit, of our general partner since its inception in May 2002 and in the same capacity with MarkWest Hydrocarbon since December 2001. Prior to that, Mr. Mollenkopf was General Manager of the Michigan Business Unit of MarkWest Hydrocarbon since 1997. He joined MarkWest Hydrocarbon in 1996 as Manager, New Projects. From 1983 to 1996, Mr. Mollenkopf worked for ARCO Oil and Gas Company, holding various positions in process and project engineering, as well as operations supervision.
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Chief Operations Officer | Current |
| Markwest Corporation | Senior Vice President, Chief Operations Officer | Current |
| MarkWest Hydrocarbon, Inc. | Chief Operations Officer | Former |
| MarkWest Hydrocarbon, Inc. | Senior Vice President | Former |
| MarkWest Energy Partners, L.P. | Senior Vice President | Former |
| MarkWest Hydrocarbon, Inc. | General Manager, Michigan Business Unit | Former |
| MarkWest Energy Partners, L.P. | General Partner | Former |
| MarkWest Hydrocarbon, Inc. | General Partner | Former |
| MarkWest Hydrocarbon, Inc. | Manager | Former |
| Markwest Corporation | Manager | Former |
| University of Colorado at Boulder | bachelor's degree in mechanical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Chief Accounting Officer & Acting CFO | Current |
| MarkWest Hydrocarbon, Inc. | Chief Accounting Officer & Acting CFO | Current |
| TransMontaigne, Inc. | Vice President | Former |
| Ernst & Young | Partner | Former |
| Organization | Position | Status |
|---|---|---|
| MarkWest Hydrocarbon, Inc. | Chief Commercial Officer | Current |
| MarkWest Energy Partners, L.P. | Chief Commercial Officer | Current |
| Markwest Corporation | Senior Vice President, Chief Commercial Officer | Current |
| MarkWest Energy Partners, L.P. | Senior Vice President | Former |
| MarkWest Hydrocarbon, Inc. | Vice President | Former |
| MarkWest Hydrocarbon, Inc. | General Manager of the Michigan Business Unit | Former |
| MarkWest Hydrocarbon, Inc. | General Partner | Former |
| MarkWest Energy Partners, L.P. | General Partner | Former |
| Markwest Corporation | Manager | Former |
| Western Gas Resources, Inc. | Regional Engineering Manager | Former |
| MarkWest Hydrocarbon, Inc. | Manager | Former |
| Chevron USA, Inc. | Process and Project Engineering Positions | Former |
| Colorado State University | bachelor's degree in chemical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Chief Accounting Officer & Vice President | Current |
C. Corwin Bromley, Senior Vice President, General Counsel and Secretary, was appointed as General Counsel of our general partner in September 2004. Prior to joining MarkWest, Mr. Bromley served as Assistant General Counsel at Foundation Coal Holdings, Inc. f/k/a RAG American Coal Holding, Inc. from 1999 through 2004, and as General-Managing Attorney and Sr. Environmental Attorney at Cyprus Amax Minerals Company from 1989 to 1999. Prior to that, Mr. Bromley was in private practice with the law firm Popham, Haik, Schnobrich & Kaufman from 1984 through 1989. Preceding his legal career, Mr. Bromley worked as a structural/design engineer involved in several domestic and international LNG and energy projects with the firms CBI, Inc. and Chicago Bridge & Iron Company. Mr. Bromley received his J.D. degree from the University of Denver and his bachelor’s degree in Civil Engineering from the University of Wyoming.
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Senior Vice President | Current |
| MarkWest Hydrocarbon, Inc. | General Counsel, Secretary & Senior Vice President | Current |
| Markwest Corporation | Senior Vice President, General Counsel | Current |
| MarkWest Hydrocarbon, Inc. | Secretary | Current |
| MarkWest Energy Partners, L.P. | Secretary | Current |
| MarkWest Energy Partners, L.P. | General Counsel | Former |
| MarkWest Hydrocarbon, Inc. | General Counsel | Former |
| Cyprus Amax Minerals Company | General, Managing Attorney | Former |
| CB&I | Structural, Design Engineer | Former |
| University of Denver | J.D | Former |
| University of Wyoming | Bachelor’S Degree In Civil Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Senior Vice President, Corporate Services | Current |
| Markwest Corporation | Senior Vice President, Corporate Services | Current |
| The Williams Companies, Inc. | Senior Vice President | Former |
| MarkWest Hydrocarbon, Inc. | Senior Vice President | Former |
| WilTel Communications, LLC | Vice President of Network Engineering | Former |
| WilTel Communications, LLC | General Manager | Former |
| Colorado School of Mines | B.S. In Petroleum Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Senior Vice President | Current |
Andrew L. Schroeder, Vice President Finance, Treasurer and Assistant Secretary, was appointed as Vice President and Treasurer of our general partner in February 2003. Prior to his appointment, he was Director of Finance/Business Development at Crestone Energy Ventures from 2001 through 2002. Prior to that, Mr. Schroeder worked at Xcel Energy for two years as Director of Corporate Financial Analysis. Prior to that, he spent seven years working with various energy companies. He began his career with Touche, Ross & Co. and spent eight years in public accounting. Mr. Schroeder is a Certified Public Accountant licensed in the state of Colorado.
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Vice President of Finance | Current |
| Markwest Corporation | Vice President, Finance and Treasurer | Current |
| MarkWest Energy Partners, L.P. | Treasurer | Current |
| MarkWest Hydrocarbon, Inc. | Treasurer | Current |
| Markwest Corporation | Board of Directors | Current |
| MarkWest Hydrocarbon, Inc. | Vice President, Finance & Treasurer | Former |
| MarkWest Energy Partners, L.P. | General Partner | Former |
| MarkWest Hydrocarbon, Inc. | General Partner | Former |
| Xcel Energy Inc. | Director of Corporate Financial Analysis | Former |
| MarkWest Hydrocarbon, Inc. | Assistant Secretary | Former |
| MarkWest Energy Partners, L.P. | Assistant Secretary | Former |
| Touche Ross & Co. | Team Member | Former |
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Vice President, NGL Marketing | Current |
| MarkWest Hydrocarbon, Inc. | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| MarkWest Hydrocarbon, Inc. | Vice President, Risk & Compliance | Current |
| MarkWest Energy Partners, L.P. | Vice President Risk and Compliance | Current |
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Vice President | Current |
Charles K. Dempster has served as a member of the Board of Directors of our General Partner since December 2002. Mr. Dempster serves as the chairman of the Board’s Compensation Committee and also serves on the Board’s Nominating and Corporate Governance Committee. Mr. Dempster has more than 30 years of experience in the natural gas and power industry. He held various management and executive positions with Enron Corporation and its predecessors between 1969 and 1986, focusing on natural gas supply, transmission and distribution. From 1986 through 1992, Mr. Dempster served as President of Reliance Pipeline Company and Executive Vice President of Nicor Oil and Gas Corporation, oil and natural gas midstream and exploration subsidiaries of Nicor Inc. in Chicago. In 1993, he was appointed President of Aquila Energy Corporation, a wholly owned midstream, pipeline and energy trading subsidiary of Utilicorp, Inc. Mr. Dempster retired in 2000 as Chairman and Chief Executive Officer of Aquila Energy Company. Mr. Dempster holds a bachelor’s degree in civil engineering from the University of Houston and attended graduate business school at the University of Nebraska.
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | General Partner | Current |
| Markwest Corporation | Director | Current |
| MarkWest Energy Partners, L.P. | Director | Current |
| Enron Corp. | Management and Executive Positions | Former |
| The University of Houston | Bachelor’S Degree In Civil Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Markwest Corporation | President | Current |
| MarkWest Energy Partners, L.P. | General Partner | Current |
| MarkWest Energy Partners, L.P. | Chairman | Current |
| Markwest Corporation | Chairman of the Board of Directors | Current |
| MarkWest Hydrocarbon, Inc. | Chairman of the Board of Directors | Current |
| Markwest Corporation | Chief Executive Officer | Former |
| MarkWest Hydrocarbon, Inc. | Chief Executive Officer | Former |
| MarkWest Hydrocarbon, Inc. | President | Former |
| Western Gas Resources, Inc. | Chief Operating Officer | Former |
| Western Gas Resources, Inc. | Executive Vice President | Former |
| Western Gas Resources, Inc. | Founder | Former |
| Markwest Corporation | General Partner | Former |
| Markwest Corporation | Board of Directors | Former |
| MarkWest Hydrocarbon, Inc. | Director | Former |
| MarkWest Energy Partners, L.P. | Director | Former |
Keith E. Bailey has served as a member of the Board of Directors of our General Partner since January 2005. Mr. Bailey serves as the chairman of the Board’s Audit Committee and also serves on the Board’s Finance Committee. Mr. Bailey was formerly the Chairman, President and Chief Executive Officer of The Williams Companies, Inc. (“Williams”). Commencing in 1973, Mr. Bailey served in various capacities with Williams and its subsidiaries, including President and Chairman of Williams Pipe Line, Chairman of WilTel Communications, President of Williams Natural Gas, and Executive Vice President and Chief Financial Officer of Williams. Also, Mr. Bailey served on the Williams Board of Directors from 1988 until his retirement in 2002, including eight years as Chairman. He currently serves on the Boards of Directors of Apco Argentina Inc., Associated Electric & Gas Insurance Services Limited (AEGIS) and Integrys Energy Group, Inc. Mr. Bailey holds a bachelor’s degree in mechanical engineering from the Missouri School of Mines and Metallurgy.
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | General Partner | Current |
| Markwest Corporation | Chairman | Current |
| Markwest Corporation | Board of Directors | Current |
| Apco Argentina S.A. | Board of Directors | Current |
| Integrys Energy Group, Inc. | Board of Directors | Current |
| Apco Oil & Gas International Inc | Board of Directors | Current |
| MarkWest Energy Partners, L.P. | Director | Current |
| Williams Merchant Services Co. | CEO | Former |
| The Williams Companies, Inc. | Chief Executive Officer | Former |
| Transco Exploration Company | President | Former |
| Williams Pipeline Services | President | Former |
| The Williams Companies, Inc. | President | Former |
| Williams Pipeline Co. | President | Former |
| Pine Needle Operating Company | Coo | Former |
| The Williams Companies, Inc. | Chairman | Former |
| Williams Gas Pipelines Inc | Chairman | Former |
| Kern River Gas Transmission Company | Chairman | Former |
| Williams Pipeline Co. | Chairman | Former |
| WilTel Communications, LLC | Chairman | Former |
William A. Kellstrom has served as a member of the Board of Directors of our General Partner since its inception in May 2002 and of MarkWest Hydrocarbon’s Board of Directors since May 2000. Mr. Kellstrom serves on the General Partner’s Finance Committee and also serves on the Board’s Compensation Committee. Mr. Kellstrom has held a variety of managerial positions in the natural gas industry since 1968. They include distribution, pipelines and marketing. He held various management and executive positions with Enron Corporation, including Executive Vice President, Pipeline Marketing and Senior Vice President, Interstate Pipelines. In 1989, he created and was President of Tenaska Marketing Ventures, a gas marketing company for the Tenaska Power Group. From 1992 until 1997 he was with NorAm Energy Corporation (since merged with Reliant Energy, Inc.) where he was President of the Energy Marketing Company and Senior Vice President, Corporate Development. Mr. Kellstrom retired in 1997 and is periodically engaged as a consultant to energy companies.
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | General Partner | Current |
| MarkWest Hydrocarbon, Inc. | Director | Current |
| MarkWest Energy Partners, L.P. | Director | Current |
| Enron Corp. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Markwest Corporation | Executive Vice President, Chief Financial Officer and Secretary | Current |
| Markwest Corporation | Senior Vice President | Current |
| Markwest Corporation | Board of Directors | Current |
| S-Board Ltd. | Board of Directors | Current |
| MarkWest Energy Partners, L.P. | Director | Current |
| S-Board Ltd. | Member | Current |
| MarkWest Hydrocarbon, Inc. | Chief Financial Officer | Former |
| MarkWest Hydrocarbon, Inc. | Executive Vice President | Former |
| Enron Corp. | Executive Vice President, Gas Pipeline Group | Former |
| MarkWest Energy Partners, L.P. | Senior Vice President | Former |
| MarkWest Hydrocarbon, Inc. | Senior Vice President | Former |
| Pinnacle West Capital Corporation | Vice President of Finance | Former |
| MarkWest Energy Partners, L.P. | General Partner | Former |
| Markwest Corporation | General Partner | Former |
| MarkWest Hydrocarbon, Inc. | Chairman of the Finance Committee | Former |
| MarkWest Hydrocarbon, Inc. | Secretary | Former |
William P. Nicoletti has served as a member of the Board of Directors of our general partner since its inception in May 2002. Mr. Nicoletti serves on the Board’s Audit Committee and also serves on the Board’s Nominating and Corporate Governance Committee. Mr. Nicoletti is Managing Director of Nicoletti & Company Inc., a private banking firm formed in 1991. Previously, he was a Managing Director and head of Energy Investment Banking for PaineWebber Incorporated and E.F Hutton & Company Inc. Mr. Nicoletti is a director and Chairman of the Audit Committee of Kestrel Heat LLC, the general partner of Star Gas Partners, L.P. Mr. Nicoletti is a graduate of Seton Hall University and received an MBA from Columbia University Graduate School of Business.
| Organization | Position | Status |
|---|---|---|
| MarkWest Energy Partners, L.P. | Board of Directors | Current |
Executive News
-
MarkWest Energy Partners Announces Release Date for Second Quarter 2009 Financial Results
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