EQT and EQT Midstream Partners Announce Appointment of Jeremiah Ashcroft as Midstream President and Chief Operating Officer
August 03 2017 - 6:30AM
Business Wire
EQT Corporation (NYSE: EQT) today announced the appointment of
Jeremiah J. Ashcroft III, age 45, as senior vice president; and
president, midstream of EQT Corporation, effective August 7, 2017.
Ashcroft was also appointed senior vice president and chief
operating officer for EQT Midstream Partners, LP (NYSE: EQM) and
will join the EQM board of directors. Ashcroft replaces Lisa
Hyland, who has been with EQT since 2000 and whose intent to retire
was announced in March 2017. Hyland will remain senior vice
president, special projects for EQT through March 2018.
“Along with an extensive background in the oil and gas sector,
which includes operations, compliance, and the organic growth of
pipeline systems, Jerry has tremendous team leadership experience
and will be a strong addition to our executive team,” said Steve
Schlotterbeck, EQT’s president and chief executive officer. “With
our growing asset position in the Marcellus, one of the best
natural gas basins in the world, we expect our strategically
located midstream operations and low-cost operating structure will
continue to create both near-and long-term value for our
shareholders.”
Ashcroft has a distinguished military career with the United
States Marine Corps, as well as more than 15 years of experience in
the oil, gas, and pipeline industries. His most recent position was
chief executive officer of Gulf Oil L.P. – a distributor of fuel
products and lubricants, based in Boston, MA. Prior to that, he was
chief operating officer for JP Energy Partners where he led their
initial public offering and had P&L responsibility for their
NGL, crude, and refined products businesses. He also spent several
years with Buckeye Partners, L.P. – a midstream logistics services
company that owns and operates one of the nation's largest
independent common carrier pipeline networks. Ashcroft held various
roles of increasing responsibility while with Buckeye, including
vice president of field operations, senior vice president global
operations, and president of three business units. Ashcroft began
his energy career with Colonial Pipeline Company, L.P. as director
of operations, and later became chief compliance officer.
“EQT and EQT Midstream Partners are leading the industry with a
mix of history and innovation,” said Ashcroft. “I look forward to
partnering with the teams to preserve and support their safety
culture while we continue to enhance efficiencies, deliver results,
and drive shareholder value."
Ashcroft holds a Master of Business Administration, with a
concentration in finance, from Emory University Goizueta Business
School; and received a Bachelor of Science degree from the United
States Naval Academy.
About EQT Corporation:
EQT Corporation is an integrated energy company with emphasis on
Appalachian area natural gas production, gathering, and
transmission. With more than 125 years of experience, EQT continues
to be a leader in the use of advanced horizontal drilling
technology – designed to minimize the potential impact of
drilling-related activities and reduce the overall environmental
footprint. Through safe and responsible operations, the Company is
committed to meeting the country’s growing demand for clean-burning
energy, while continuing to provide a rewarding workplace and
enrich the communities where its employees live and work. EQT also
owns a 90% limited partner interest in EQT GP Holdings, LP. EQT GP
Holdings, LP owns the general partner interest, all of the
incentive distribution rights, and a portion of the limited partner
interests in EQT Midstream Partners, LP.
Visit EQT Corporation at www.EQT.com.
About EQT Midstream
Partners:
EQT Midstream Partners, LP is a growth-oriented limited
partnership formed by EQT Corporation to own, operate, acquire, and
develop midstream assets in the Appalachian Basin. The Partnership
provides midstream services to EQT Corporation and third-party
companies through its strategically located transmission, storage,
and gathering systems that service the Marcellus and Utica regions.
The Partnership owns approximately 950 miles of FERC-regulated
interstate pipelines; and also owns approximately 1,800 miles of
high- and low-pressure gathering lines.
Visit EQT Midstream Partners, LP at
www.eqtmidstreampartners.com.
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EQT analyst inquiries please contact:Patrick Kane – Chief
Investor Relations Officer, 412-553-7833pkane@eqt.comorEQT
Midstream Partners / EQT GP Holdings analyst inquiries please
contact:Nate Tetlow – Investor Relations Director,
412-553-5834ntetlow@eqt.comorMedia inquiries please
contact:Natalie Cox – Corporate Director, Communications,
412-395-3941ncox@eqt.com
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