President & Chief Executive Officer
With 28 years experience in almost every aspect of the natural gas industry, Mr. Milam has a proven track record managing large groups and providing leadership to improve safety, reduce costs and enhance output. Additionally, Mr. Milam has deep expertise in project economics and deal structures.
Most recently, Mr. Milam served as vice president and officer of Southern Union Gas Services (SUGS) where he was responsible for all operations, budgets, construction, measurement and engineering for five cryogenic processing plants, seven treaters and approximately 6,000 miles of gathering pipelines. Mr. Milam managed approximately 275 operating personnel, operating budgets in excess of $80 million per year and capital budgets averaging $100 million per year. As part of the senior management team, Mr. Milam played an integral role in presenting during the sale process for Southern Union, ultimately resulting in the SUGS acquisition by Energy Transfer in 2011. In addition, during 2011 and 2012, Mr. Milam coordinated the design, funding and initiated construction on a 200 MMcf/d cryogenic processing plant and a 2,100 GPM amine treating facility in the Permian Basin.
Further highlights of Mr. Milam’s career with Permian Basin assets include:
- Leading the acquisition of Midland Farms and North Cowden processing plants and gathering systems;
- Responsibility for all gas buying for the Koch and Sid Richardson west Texas systems where system volumes grew from 15 MMcf/d to 75 MMcf/d in the Block 16 area which set up the sale of the company’s west Texas Koch assets to Sid Richardson for $130 million;
- The profitable growth of system volumes from 22 MMcf/d to 145 MMcf/d in the Mi Vida area, aiding in the sale of Sid Richardson to Southern Union for $1.6 billion; and
- The successful negotiation of long-term contracts with ExxonMobil, Chevron, BTA, Chesapeake, Anadarko, Cimarex and others.
Mr. Milam began his career in the engineering design group with Phillips 66 Natural Gas Company and then moved to the commercial side of the business, where he marketed both Phillips’ equity gas as well as long-term gas from Phillips’ many gas processing plants in the Mid-Continent and Texas Panhandle. He became Gas Buyer and then Director of Business Development with GPM, a subsidiary of Phillips 66. After leaving GPM to work for Koch Midstream, Mr. Milam became Director of Gas Supply for the Permian assets.
Mr. Milam received his Bachelor of Science degree in civil engineering from Oklahoma State University.