Southcross Energy Partners LP (NYSE: SXE) has named James W. Swent III as chairman, president and CEO by its board of directors, the company said on Sept. 18.
David W. Biegler, who has served as interim chairman, president and CEO since March 2018, will remain a director.
Swent has over 35 years of experience in finance, operations and international business in a diverse range of industries, having served most recently as president and CEO of Paragon Offshore. As a financial executive, he has managed several large company acquisitions, divestitures, joint ventures and financial restructurings.
“Southcross is fortunate to have someone of Jay’s experience to address the partnership’s current priority needs,” Biegler said. “Working with the senior leadership team, he will focus on the company’s financial health and commercial opportunities.”
Recommended Reading
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
2024-04-22 - Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
What's Affecting Oil Prices This Week? (April 22, 2024)
2024-04-22 - Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
Association: Monthly Texas Upstream Jobs Show Most Growth in Decade
2024-04-22 - Since the COVID-19 pandemic, the oil and gas industry has added 39,500 upstream jobs in Texas, with take home pay averaging $124,000 in 2023.
Shipping Industry Urges UN to Protect Vessels After Iran Seizure
2024-04-19 - Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.