DALLAS -- Energy Transfer Equity LP (ETE) and Energy Transfer Partners LP (ETP) announced recently that Marshall (Mackie) S. McCrea, formerly president and COO of ETP, has been promoted to group COO and chief commercial officer for ETE. Also long-time ETE board member Matthew S. Ramsey has been named president and CEO of ETP.
In his new role, McCrea is responsible for the oversight and development of all commercial and strategic opportunities for the entire family of midstream partnerships. Prior to his appointment as ETP president in 2008, McCrea held a number of senior management positions within the partnership including president of Energy Transfer Co., a subsidiary of ETP, and senior vice president of business development. McCrea began his career in the energy industry in 1983.
Ramsey, who has more than 35 years of experience in the energy industry, has served on the board of directors of ETE since 2012 and as chairman of ETP-owned Sunoco LP since 2014. He now leads ETP’s commercial activities along with the operations, engineering, construction and compression business segments, all of which will benefit from his track record of building and managing successful companies and his extensive knowledge of the Energy Transfer family. Prior to joining ETP, Ramsey served as president of Houston-based RPM Exploration Ltd., a private oil and gas exploration partnership.
Dallas-based ETE is a master limited partnership (MLP) that owns the general partner and 100% of the incentive distribution rights (IDRs) of ETP and Sunoco LP. On a consolidated basis, ETE’s family of companies owns and operates approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude oil pipelines.
ETP is an MLP owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP’s subsidiaries include Panhandle Eastern Pipe Line Co. LP and Lone Star NGL LLC. In total, ETP currently owns and operates more than 62,500 miles of natural gas and natural gas liquids pipelines. ETP also owns the general partner, 100% of the incentive distribution rights, and approximately 67.1 million common units in Sunoco Logistics Partners LP, which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminaling and crude oil acquisition and marketing assets. And ETP owns fuel distribution and retail marketing assets and approximately 50.8% of the limited-partner interests in Sunoco LP (formerly Susser Petroleum Partners LP), a wholesale fuel distributor and convenience store operator. ETP’s general partner is owned by ETE.
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