Doug Dorner stepped inside Dallas’s famed Petroleum Club late last month to a crowd of oil and gas executives offering up congratulations and hearty handshakes. The night’s event, hosted by the city’s D Magazine, gathered finalists for its second annual Oil and Gas Awards honoring the state’s best-of-the-best energy leaders. In a few short hours, Dorner humbly accepted the award for Midstream CEO of the Year.
Cardinal Midstream
Founded in 2008 and headquartered in Dallas, Cardinal is a midstream company focused on providing our customers with exceptional service. With a highly experienced team and a successful operational track record, Cardinal has established a solid platform that is well positioned for growth.
As co-founder, chairman and CEO of Dallas-based Cardinal Midstream, Donor has led several iterations of his company over the years to applause-worthy success. In 2012, Cardinal ranked as the largest gas processor in Oklahoma’s Arkoma Woodford Shale, with three cryogenic plants, a fourth under construction, 66 miles of pipelines, a treating facility, 56,000 hp of compression, dehydration facilities, and 17 skid-mounted gas treating plants. Cardinal would go on to sell these assets to Atlas Pipeline Partners for $600 million. Atlas would later be acquired by Tulsa-based Targa for $4 billion.
Today, Cardinal Midstream operates the Iron Horse Gathering and Processing system serving producers in Oklahoma’s SCOOP, STACK and Merge plays. The 100-acre system currently consists of more than 200 miles of high- and low-pressure natural gas pipelines, multiple compressor stations, and a processing plant with operational capacity of 200 MMCFPD. Expansions lie on the horizon.
But Dorner isn’t taking his award and going home any time soon. There are more gas and crude midstream systems to build and operate, and Cardinal Midstream is one bird that can fly.
What do you think?
You Might Also Like…
Worth a Share…
With all the talk about sending the fossil fuels industry packing in favor of renewables, a reminder is in order of what even one day without oil and gas would look like.
Read More
A TKO Looms in Appalachia
In what could be a stunning one-two punch, Pittsburgh-based natural gas giant EQT looks to score two big prizes that would mark CEO Toby Rice’s first deals since being named to his post in July last year.
Read More
A Contango Fandango?
In its figurative term, “fandango” is a synonym to describe a “brilliant exploit.” For Houston-based Contango Oil and Gas, that may well sum up its rationale to scoop up Tulsa-based Mid-Con Energy in an all stock merger valued at $400 million.
Read More
