EagleClaw Announces Retirement of Co-Founder, CEO Bob Milam
(P&GJ) - EagleClaw Midstream announced the retirement of CEO Bob Milam and the promotion of Jamie Welch to the company's top spot, following the acquisition and completed integration of Caprock Midstream and Pinnacle Midstream into EagleClaw.
Milam, who co-founded Midland-based EagleClaw in 2012, will remain on the company's board of directors as vice chairman. Welch, who previously served as president and CFO of EagleClaw, was named president and CEO.
“Today’s announcement is the next step in a succession planning process that our leadership team and Board have developed over the last several years," Milam said. "We have an outstanding team in place, and I have great faith in their capabilities. Jamie Welch brings extensive experience in the midstream sector and has made a significant contribution to the company’s success.”
David Foley, CEO of Blackstone Energy Partners and Chairman of EagleClaw’s Board, thanked Milam for his "leadership in co-founding EagleClaw and helping to build the company into the leading midstream provider in the Delaware Basin."
Also on Wednesday, EagleClaw announced further expansion of its system with FID on the Delaware Link Pipeline and commissioning of a fourth cryogenic processing plant at its Pecos Bend complex.
EagleClaw, the largest natural gas gatherer and processor in the southern Delaware Basin and focuses on the providing the midstream infrastructure requirements of Permian Basin producers, including comprehensive gathering, transportation, compression, processing and treating, to bring natural gas, NGLs crude oil to market. EagleClaw is also partners with Targa on the Grand Prix Pipeline Project and with Kinder Morgan on the Permian Highway Pipeline Project.
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