Crestwood Midstream Reorganizes Company, Promotes Several Execs

Crestwood Midstream is a pipeline company with operations in several shale plays, including the Marcellus and Utica. They are a smaller but meaningful player in the northeast. Crestwood has 65 miles of natural gas gathering pipelines in Harrison and Doddridge counties in WV--along with eight compressor stations. They also own property along the shore of Seneca Lake in New York where there is a depleted salt cavern where they want to turn into an underground storage facility for liquefied propane (see Crestwood Execs on Radio to Promote Propane Storage @ Seneca Lake). That project is making progress after years of delays by the New York Dept. of Environmental Conservation. Crestwood merged with (bought out) Inergy Midstream in 2013 in an $8 billion deal (see Crestwood/Inergy Complete Their Merger Today, Worth $8B). With the dust finally settled from that deal, Crestwood announced on Monday they are reorganizing the merged company into several new units--and along with that reorganization comes several executive promotions...

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