BNET Industries

Market Cap:$1.6B
Last Fiscal Year Sales:$602.8M
  • Public
  • US
Dow Jones Description

Natural Gas Services

President & CEO
Frank M. Semple
Number of Employees 471
Contact Information

1515 Arapahoe St Tower 2 Ste 700

Denver, Colorado 80202

www.markwest.co...

(303) 925-9200

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • MarkWest Energy Partners Reports Third Quarter 2009 Financial Results

    11/10/09 - Financial Announcement - View Story

  • Wells Fargo Downgrades MarkWest Energy Partners, L.P. MWE to Market Perform

    10/22/09 - Bond / Stock Rating - View Story

  • MarkWest Liberty Midstream & Resources Executes Agreements with Chesapeake Appalachia, L.L.C. and Statoil Natural Ga

    9/15/09 - Joint Venture / Alliance - View Story

  • MarkWest Energy Partners Reports Second Quarter 2009 Financial Results

    8/10/09 - Financial Announcement - View Story

News & Analysis

markwest hydrocarbon inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Frank M. Semple President & CEO
James Ivey Chief Financial Officer
Nancy K. Buese Cfo & Senior Vice President
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 General Counsel, Secretary & Senior Vice President
Corwin C. Bromley General Counsel, Secretary & Senior Vice President
Kim Marle Vice President, Marketing
Richard A. Ostberg Vice President, Risk & Compliance
Russ Moran Manager, Marketing, Natural Gas
Andrew L Schroeder Treasurer
Anne E. Mounsey Director
Donald D. Wolf Director
William A. Kellstrom Director

Board of Directors

Name (plus bio) Position
John M Fox Chairman of the Board of Directors
Charles K. Dempster Board of Directors
Keith E. Bailey Board of Directors
Michael L. Beatty Board of Directors
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
Cobalt International Energy, L Executive Vice President and Chief Financial Officer Current
MarkWest Hydrocarbon, Inc. Chief Financial Officer Current
Markwest Corporation Chief Financial Officer (Principal Financial Officer) Current
Markwest Corporation General Partner Current
The Williams Companies, Inc. Acting CFO Former
The Williams Companies, Inc. Treasurer Former
The University of Houston MBA Former
The University of Houston B.S. in Building Construction Former
Texas A&M University Undergraduate Degree Former
Army Command and General Staff College Former

Nancy K. Buese, Senior Vice President, Chief Financial Officer, was appointed Chief Financial Officer of our general partner in October 2006. Prior to her appointment as CFO, Ms. Buese served as Chief Accounting Officer of MarkWest since November 2005. Prior to joining MarkWest, Ms. Buese was the Chief Financial Officer for Experimental and Applied Sciences (“EAS”) in Golden, Colorado. EAS is a wholly owned subsidiary of Abbott Laboratories. Prior to her employment at EAS, Ms. Buese was a Vice President with TransMontaigne Inc. in Denver, Colorado. Preceding this appointment, Ms. Buese was a Partner with Ernst & Young LLP, having spent time in the firm’s Denver, London, New York and Washington, D.C. offices.

Organization Position Status
MarkWest Hydrocarbon, Inc. Cfo & Senior Vice President Current

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 Hydrocarbon, Inc. 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 Hydrocarbon, Inc. General Counsel, Secretary & Senior Vice President Current

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 Hydrocarbon, Inc. Manager, Marketing, Natural Gas Current

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

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

Anne E. Mounsey was elected to the Board of Directors of our General Partner in February 2008. Ms. Mounsey previously served as a member of the Board of Directors of MarkWest Hydrocarbon, Inc. from October 2004 through February 2008. From 1991 to 2003, Ms. Mounsey held various positions with MarkWest Energy and MarkWest Hydrocarbon, her most recent as Manager of Marketing and Business Development. Ms. Mounsey is the daughter of John M. Fox, our General Partner’s Lead Director.

Organization Position Status
MarkWest Hydrocarbon, Inc. Director Current
MarkWest Hydrocarbon, Inc. Manager of Marketing and Business Development Former

Organization Position Status
MarkWest Hydrocarbon, Inc. Board of Directors Current

Organization Position Status
Quantumresources Chief Executive Officer Current
S-Board Ltd. Board of Directors Current
MarkWest Hydrocarbon, Inc. Director Current
Denbury Resources Inc. Board of Directors Current
Ronald Evans Board of Directors Current
Aspect Energy LLC Board of Directors Current
Markwest Corporation Director Current
S-Board Ltd. Member Current
Kerr-McGee Corporation Chief Executive Officer Former
Aspect Energy LLC Chief Executive Officer Former
Aspect Energy LLC President Former
Kerr-McGee Corporation Chairman Former

Organization Position Status
MarkWest Hydrocarbon, Inc. Board of Directors Current

Organization Position Status
Denbury Resources Inc. Chairman and Chief Executive Officer of Beatty & Wozniak, P.C. Current
Ronald Evans Chairman and Chief Executive Officer of Beatty & Wozniak, P.C. Current
Beatty & Wozniak Owner Current
MarkWest Hydrocarbon, Inc. Board of Directors Current
Denbury Resources Inc. Director Current
Markwest Corporation Board of Directors Current
Coastal Corporation Executive Vice President Former
University of Idaho Professor of Law Former
Colorado Interstate Gas Counsel Former
Coastal Corporation General Counsel Former
Supreme Court of the United States Former
The Coastal Corporation Director Former
Coastal Corporation Director Former
Colorado Interstate Gas Team Member Former
Vinson & Elkins Llp Team Member 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 Hydrocarbon, Inc. Board of Directors Current

Executive News

  • MarkWest Energy Partners Announces Release Date for Second Quarter 2009 Financial Results

    Business Wire - 7/21/09 - View Story

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     MWE $25.56 -0.04 (-0.16% )
Average Volume 476,642
Shares Outstanding 66.27M
Market Cap 1.7B
Year High 27.3
Year Low 6.55
Earnings Per Share 1.90
P/E Ratio 13.45
Dividend 2.56
Yield 10.02
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