Wolf Midstream Partners Plans New Permian Basin Crude Oil Gathering and Terminal System

DALLAS–(BUSINESS WIRE)–Wolf
Midstream Partners (Wolf), a full-service midstream provider,
announced today that it has executed a crude oil gathering and
transportation agreement with an independent producer for approximately
25,000 dedicated gross leasehold acres in the prolific Permian Basin of
West Texas. To support the agreement, and other area producers as
needed, Wolf plans to construct approximately 50 miles of new crude oil
gathering pipelines with an expected capacity of 55,000 barrels per day.
Additionally, Wolf has established a delivery point near Colorado City,
Texas, and plans to construct terminal facilities, with interconnects
into multiple downstream pipelines.

“We are excited about this partnership with a seasoned operator and look
forward to building out this new system,” said Curtis Ewers, Wolf
Midstream chief executive officer. “The Wolf team has a long and
successful history developing midstream solutions that provide producers
with creative, reliable service. This new system will solidify our
position in the Permian region, where we remain very focused on
deploying the necessary capital and developing the infrastructure needed
to address our customers’ long-term and immediate needs.”

Construction activities have begun, and Wolf expects the new system to
start service in the second quarter of next year.

Wolf Management Team

Headquartered in Dallas, Wolf was formed in June 2017 to provide
efficient, cost-effective gathering, treating, processing, compression
and transportation services to oil and gas producers. The company’s four
managing partners have a strong track record of more than 50 years of
experience in the industry, having constructed and developed midstream
assets in excess of $500 million in the Barnett Shale, Utica Shale,
Williston Basin, Eagle Ford Basin and Permian Basin.

The Wolf management team includes Curtis Ewers, chief executive
officer, who most recently managed a broad spectrum of
regulatory affairs for EnLink Midstream; Chris Valenti, chief
commercial officer, who helped co-found BlueJack Energy
Solutions and also served as vice president of business development for
M3 Construction; Peter Lee, chief financial officer, who
has held management and consulting roles with Rockland Capital Partners,
Energy Futures Holdings, DFW Midstream and Summit Midstream; and Montana
Howell, chief operations officer, who has served as an engineer
and project manager for more than $4 billion in assets for EnLink
Midstream.

Financial Partners

Wolf is financially backed by Sinclair
Oil Corporation and Cowboy
Midstream, both privately-held, longstanding, family companies.

“Our partnership with Sinclair and Cowboy Midstream combines a seasoned
pedigree of energy investing in North America with a first-class team of
executives that have a strong track record of success in the midstream
industry,” said Ewers. “We look forward working together, building on a
successful relationship and creating a meaningful and valuable endeavor.”

“Wolf’s leadership team has a promising vision and an impressive track
record of success,” said Mark Petersen, president of Sinclair
Transportation Company. “We are pleased to support the growth of the
company and are confident in the team’s ability to execute, deliver on
promises, and create value.”

“Cowboy is very excited to partner with the Wolf team. The team has an
impressive resume with success and leadership in the midstream
industry,” said Tony Cercy, managing partner of Cowboy Midstream. “We
are honored to be a part of the project and look forward to its success.”

ABOUT WOLF MIDSTREAM PARTNERS

Dallas-based Wolf Midstream Partners is a full-service midstream
provider specializing in the gathering, treating, processing,
compression and transportation of oil and natural gas. The company is
currently focused in the Permian Basin region of West Texas. Wolf is
financially partnered with Sinclair Oil and Cowboy Midstream. For more
information, visit www.wolfmid.com.

ABOUT SINCLAIR OIL CORPORATION

Sinclair is a privately held Wyoming company with executive offices in
Salt Lake City and more than 1,200 employees across several states.
Sinclair owns and operates two refineries in Wyoming along with a
network of both crude oil and finished-product pipelines and terminals
in the Rocky Mountain and midcontinent regions. The company markets fuel
in 24 states, supplying high-quality fuels to more than 1,300 branded
stations, featuring DINOCARE™ TOP TIER™ Gasoline. For more information,
visit www.SinclairOil.com.

ABOUT COWBOY MIDSTREAM:

Cowboy Midstream LLC is privately held Wyoming LLC located in Casper,
Wyoming. Cowboy is a newly formed midstream company, specializing in
midstream investments as well as field gathering systems, transmission
pipelines, truck load/unloading stations and facility system operational
capabilities. The company is currently working on projects in the Rocky
Mountains and Permian Basin of West Texas. For more information, visit www.cowboymidstreamllc.com.

Contacts

M2H Communications
Meredith Hargrove Howard, 210-737-4478
[email protected]