Dallas-based Summit Midstream, a portfolio company of private equity firm Energy Capital Partners, has promoted Rene L. Casadaban to the newly-created position of chief operating officer, according to a statement.
Casadaban will report to Steve Newby, president and chief executive of Summit Midstream, the general partner of limited partnership Summit Midstream Partners.
Before his promotion, Casadaban served as the senior vice president of engineering, construction, and operations of Summit’s general partner, a position he held since May 2012. Before that, from February 2011 through April 2012, Casadaban held a similar position at Summit Investments, the owner of Summit Midstream.
He has been acting in the COO capacity since joining Summit in November 2010, according to a spokesman for the firm.
“Rene’s broad experience across our platform and deep industry background in crude oil, natural gas, and project management make him uniquely qualified to execute and manage the significant development and expansion projects that we have across the entire Summit enterprise in crude oil, water transportation, and gas gathering and processing,” Newby said.
“We believe that this change in organizational structure positions Summit for continued success and improved operations as we expand our service offerings and geographic footprint,” he added.
Summit Investments was formed in 2009 by management members and funds controlled by private equity firm Energy Capital Partners, which together with its affiliates has over $8 billion in capital commitments focused on investing in North America’s energy infrastructure.
Summit Midstream Partners is a growth-oriented midstream energy company focused on owning and operating midstream energy infrastructure assets that are located in the core areas of unconventional resource basins, primarily shale formations, in North America.