Sterling Energy

Sterling Energy, a Denver-based midstream company, has been providing gas gathering, compression, processing, treating, NGL and natural gas marketing to our customers since 2000, and water transportation by pipeline since 2013. Our goal is to provide producers with the infrastructure and services necessary to transport their products to market in a safe, timely, and cost-efficient manner. Our experienced management team possesses a combination of engineering, construction, operations, innovation, and financial know-how. We are committed to environmental stewardship, and to upholding our reputation for integrity, reliability, and trust.

Sterling entered into a strategic partnership with Morgan Stanley Private Equity ("MSPE") in August 2011. Senior management's relationship with MSPE dates back to 1991. MSPE's roots in private equity investing date back to 1985. MSPE, through five funds, has invested approximately $6.7 billion of equity across a broad spectrum of industries.

OUR BUSINESS SOLUTIONS

PRESS RELEASE

Our Businesses

Centennial Water Pipelines

Centennial Water specializes in providing high-volume high-rate water pipeline delivery services to support all potential exploration and production requirements.

Sterling Energy

Sterling currently owns and operates a natural gas gathering and processing system positioned in the Niobrara-DJ Basin, located in Northeast Colorado.

Grasslands Energy Marketing

Grasslands' focus is on providing commodity marketing services to both producers and end users.

Gas Gathering and Processing

Sterling currently owns and operates a natural gas gathering system positioned in the Niobrara-DJ Basin, located in Northeast Colorado. Sterling assets include approximately 450 miles of gathering pipeline, 20,000 horsepower of compression, and three gas processing plants which enable us to provide gas gathering, treating and processing services to some of the largest natural gas producers in Colorado.

Sterling gathers over 9 BCF of natural gas annually, which is processed to separate natural gas liquids (“NGLs”) at multiple plant locations. Sterling generates the majority of its revenue from long-term, fee-based gas gathering agreements with its customers. The majority of our agreements are supported by dedications of acreage and/or volume commitments. Natural gas wells drilled by our customers on this acreage provide gas production transported on our gathering systems for processing and treating at our gas plants. The combination of proceeds-based and fee-based agreements enhances the stability of cash flows and reduces direct commodity price exposure.

GAS SYSTEM MAP

MIDSTREAM 101

CONTACT

Commodity Marketing Services

Grasslands Energy Marketing LLC, a wholly owned subsidiary of Sterling Energy, is focused on providing commodity marketing services to both producers and end-users. The Grasslands Energy team offers creative solutions to the complexity of today’s commodity markets. We combine the capability of distribution, markets and pricing with our commitment to our customers to deliver a successful customer service experience.

Grasslands Energy, located in Denver CO, specializes in natural gas, NGL’s and condensate marketing. Focused on physical assets, we can provide short and long term solutions to our customer needs. Grasslands Energy has access to various pipelines, distribution services and dedicated production in the Rocky Mountain region. With our asset capabilities and our base production, we offer commodity purchases, commodity sales and distribution services at competitive terms.

Sterling Energy's mission is to add value for our customers and investors by providing safe and reliable product delivery.

CONTACT

Commodity Marketing Services

Grasslands Energy Marketing LLC, a wholly owned subsidiary of Sterling Energy, is focused on providing commodity marketing services to both producers and end-users focusing on the physical assets of the company. The Grasslands Energy team offers creative solutions to the complexity of today’s commodity markets. We combine the capability of distribution, markets and pricing with our commitment to our customers to deliver a successful customer service experience.

Grasslands Energy, located in Denver CO, specializes in natural gas, natural gas liquids (NGLs), and condensate marketing. We can provide short and long term solutions to our customer needs. Grasslands Energy has access to various pipelines, distribution services and dedicated production in the Rocky Mountain region. With our asset capabilities and our base production, we offer commodity purchases, commodity sales and distribution services at competitive terms.

CONTACT

In-Ground Water Delivery Services

Centennial Water Pipelines, a wholly-owned subsidiary of Sterling Energy, specializes in providing high-volume, high-rate water in-ground delivery services to support all potential exploration and production requirements.

Starting in 2013, Centennial has designed, built and supported 20 miles of in-ground piping systems and water transfer pumps. Currently, Centennial provides 44,600 BBls (water barrel) of water per hour to our customers. With access to over 10 million barrels of source water per year for future development, Centennial is able to quickly provide the necessary water services to our customers. To date, Centennial has delivered a 99% flow rate, ensuring timely and dedicated commitment to our customer’s needs regardless of the weather conditions.

Sterling Energy's mission is to add value for our customers and investors by providing safe and reliable product delivery.

CONTACT

Pipeline Water Delivery Services

Centennial Water Pipelines, a wholly-owned subsidiary of Sterling Energy, specializes in providing sustainable fresh water sourcing and transportation to support exploration and production for the oil and gas industry in the Denver-Julesburg Basin of Colorado. Since its inception in 2013, Centennial has acquired, designed, built, and operated an extensive portfolio of groundwater supply wells and a network of over 20 miles of in-ground piping, with multiple electrically-driven pump stations, to provide an efficient and flexible water supply system. Centennial uses a remote operation and monitoring platform to provide accurate, on-demand water deliveries. With the necessary water rights and physical access to significant supplies of source water for future development, substantial financial backing, and an extensive network of land easements and rights-of-way already in place through Sterling Energy, Centennial is able to reliably provide water supply and delivery services to our customers. Centennial is committed to providing year-round uninterrupted water deliveries, thereby removing hundreds of trucks per day from road traffic, and ensuring timely, sustainable, and dedicated commitment to our customers’ needs.

Sterling Energy System

Midstream 101

What Is Midstream:

The Midstream sector of the Oil and Gas industry involves the gathering, processing, transportation and marketing of crude oil, natural gas, and natural gas liquids. The midstream sector provides an integral link between the producing wells (upstream) and the refineries and processing plants (downstream) that produce the refined petroleum products. This provides a conduit for energy producers to bring products to market.

The midstream sector also includes the sourcing and delivery of fresh water for fracking, and the gathering, transportation, recycling and disposal of produced water. These services help to keep the oil and gas industry efficient, effective, safe, and environmentally friendly.

More Information Available at:

Coloradans for Responsible Energy Development

US Energy Information Administration

Colorado Oil & Gas Association

Gas Processors Association

National Pipeline Mapping System

The Sterling Energy Team

William H. Penney Chief Executive Officer

Mr. Penney founded Sterling Energy Company in December 2000 and serves as Chief Executive Officer of Sterling Energy. More

David B. Kenyon President

Mr. Kenyon serves as President of Sterling Energy. Mr. Kenyon was most recently Vice President and General Manager of Monarch Gas Resources, a midstream company funded by Metalmark Capital. More

Chadwick T. Leavitt Executive Vice President & Chief Financial Officer

Mr. Leavitt began his service as Vice President and Chief Financial Officer of Sterling Energy in 2011. Prior to joining the Sterling Energy team, he spent nearly a decade as the CFO for Quantitative Equity Strategies, LLC, More

Dena L. Lund Executive Vice President - Chief Operating Officer

Mrs. Dena Lund serves as Executive Vice President – Chief Operating Officer for Sterling Energy. Prior to joining Sterling Energy in May of 2014, Mrs. Lund served as the Director of Natural Gas Economy Operations at Encana Natural Gas, Inc., More

John H. Carpenter Senior Vice President – Business Development

Mr. Carpenter joined Sterling Energy in September of 2012 as its Senior Vice President – Business Development. Mr. Carpenter has twenty five years of experience in exploration and production companies handling land, marketing, sales, transportation and product hedging duties. More

Robert B. Sanders Vice President – Business Development

Mr. Sanders serves as Vice President – Business Development for Sterling Energy. Since March 2003, Mr. Sanders has led Sterling Energy’s efforts in financial analysis, natural gas marketing, corporate management, and business development. More

Peter J. Vint Vice President & General Manager – Grasslands Energy Marketing LLC

Mr. Vint joined the Sterling Energy leadership team as Vice President & General Manager for Grasslands Energy Marketing LLC. As the leader of the company’s marketing division, his responsibilities include commodity marketing and trading, and business development. More

Michael D. Stonefelt Vice President & General Manager - Centennial Water Pipelines LLC

Mr. Stonefelt serves as a Vice President for Sterling Energy and General Manager of Centennial Water Pipelines LLC. He has 20 years of experience in engineering, construction, operations, and business development for water resources projects throughout the energy, More

Opportunities

Thank you for your interest in a career with Sterling Energy. We value the importance of an excellent team and are always looking for the next valuable team member who can help our company move forward and help our clients do the same. Please follow the link below to access current openings:

Sterling Energy Job Openings

Contact Sterling Energy

Corporate Headquarters:
Sterling Energy
1200 17th Street, Suite 2850
Denver, CO 80202
Main Phone (720) 881-7100
Main Fax: (720) 881-7101

Business Contact:
John Carpenter
(720) 881-7100
jcarpenter@sterlingenergy.us

Field Locations

Centennial Gas Plant Contact:
Brian Bauder
(970) 656-3323
47285 County Rd. 100
Briggsdale, CO 80611
bbauder@sterlingenergy.us

Jackson Lake Gas Plant Contact:
Bob Buckler
(970) 425-7117
31405 County Rd. 10
Weldona, CO 80653
rbuckler@sterlingenergy.us

Yenter Gas Plant Contact:
Randy Barton
(970) 522-5101
17598 County Rd. 21
Sterling, CO 80751
rbarton@sterlingenergy.us