NGL Energy Partners LP (NYSE: NGL) announces James L. Burke and Patrick Wade have been appointed to the board of directors of its general partner, NGL Energy Holdings LLC, effective immediately.
Mr. Burke is the co-founder of High Sierra and in September 2010 became the Chairman of the High Sierra Energy GP, LLC Board and President and Chief Executive Officer of High Sierra Energy GP, LLC. From July 2004 through September 2010, Mr. Burke was the High Sierra’s general partner’s Managing Director. Mr. Burke began his career as a Crude Oil Representative at Permian Corporation from 1978 to 1981. Mr. Burke then joined Asamera Oil (U.S.) Inc., where he served as Manager of Crude Oil Acquisitions from 1981 to 1984. Mr. Burke, along with three other entrepreneurs, co-founded Petro Source Partners, LP, where he ran six business units throughout the United States and Canada for the company over a 17 year span.
Mr. Wade has served as a member of the High Sierra board since November 2008 and has nineteen years of experience in the energy sector. In 2002, Mr. Wade co-founded Tiger Midstream Investments, a natural gas midstream development and investment company that was involved primarily in the U.S. Rockies. From 2005 to 2007, Mr. Wade was a Managing Director at Bear Energy LP, responsible for investments in natural gas midstream infrastructure, as well as contracting for a diverse portfolio of natural gas storage capacity. In 2008, Mr. Wade joined The Energy & Minerals Group, the management company for a series of private equity funds with total investor commitments of $4.2 billion, consisting of $3.1 billion of regulatory assets under management and $1.1 billion in co-investment commitments, as a Managing Director in the Houston office. Mr. Wade’s primary focus is making direct investments across the natural resources industry. In addition, Mr. Wade serves on the Board of Directors of Medallion Midstream, L.L.C. and Ferus Inc. Mr. Wade received his Bachelor’s degree from the University of Oklahoma in 1991 and his M.B.A. from the Jesse H. Jones School of Management at Rice University in 1995.