• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Enterprise Names Skoog to Head New Natural Gas Marketing Group

Posted on: Monday, 2 July 2007, 12:17 CDT

Enterprise Products Partners L.P. (NYSE:EPD) today announced that Christopher R. Skoog will join the partnership as senior vice president and will lead its recently formed Natural Gas Services and Marketing group. In his new position, Skoog will be responsible for all of Enterprise's existing natural gas supply and marketing activities, including supply, origination and optimization and will report to Enterprise Executive Vice President A.J. "Jim" Teague.

Skoog, with more than 20 years of managerial experience in natural gas marketing, has established a long track record of developing programs that increase sales and maximize the use of company assets to meet customer needs. In addition, he has led numerous business development transactions. He most recently served as president of the Interstate group at Tulsa-based ONEOK Energy Partners, where he was responsible for its interstate activities, including pipeline expansions and other growth prospects. Over the years, Skoog has proven himself to be particularly adept at developing start-up marketing operations and directing their growth into successful entities. He earned a bachelors degree in Business Administration from Drake University in Des Moines, Iowa, and also attended Ealing College of Higher Education in London, England.

Also joining the natural gas marketing team as vice president and reporting to Skoog will be Tony C. Chovanec. During his nearly 30-year career in the energy industry, Chovanec has held commercial and managerial positions in the natural gas, power generation, and exploration and production areas. Since 2000, he has been with Houston-based El Paso Corporation and most recently led El Paso's natural gas marketing and trading activities. In that position he played an integral role in production marketing and long-term marketing arrangements. Chovanec spent the early part of his career with San Antonio-based Valero Energy Corporation. During his career Chovanec has focused on marketing and business development and has taken the lead in implementing marketing programs for acquired assets on numerous occasions. A certified public accountant, Chovanec will bring to Enterprise's natural gas marketing group a strong background in capital allocation, as well as merger and acquisition analysis. He holds a bachelor's degree in Business Administration, Accounting, from Southwest Texas State University in San Marcos, Texas, where he graduated with honors.

"Chris and Tony are among the most accomplished and highly regarded individuals in the energy marketing sector and we are very excited to have them on our already strong natural gas marketing team," said Teague. "Their broad range of industry experience -- particularly in the midstream energy sector -- combined with a proven commitment to integrity and customer service are well-suited to meeting our objective of creating additional demand for Enterprise's extensive network of natural gas and other assets and pursuing incremental growth opportunities."

Teague added that the efforts of the natural gas marketing business, under Skoog's leadership, will be modeled after the partnership's successful natural gas liquids marketing business. Enterprise's pipelines, processing plants and production platforms currently handle more than 10 billion cubic feet per day of natural gas, or approximately 20 percent of the nation's daily natural gas production from the lower 48 states. These natural gas volumes are expected to grow significantly as projects Enterprise currently has under development are completed.

Enterprise Products Partners L.P. is a publicly traded partnership with an enterprise value of more than $19 billion that provides midstream energy services to producers and consumers of natural gas, natural gas liquids and crude oil in North America. Enterprise transports natural gas, NGLs and crude oil through more than 35,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. For more information, visit Enterprise on the web. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP, LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE), a publicly traded GP partnership with an enterprise value of more than $6 billion. For more information on Enterprise GP Holdings L.P., visit its website at www.enterprisegp.com.

Source: Business Wire

More News in this Category