History

1997

  • CP Energy is founded by energy industry veterans Jim Crossen and Bob Passmore, who bring over 40 years of combined experience to the new company from their careers at Phillips and Koch. The business is originally run out of their homes in Oklahoma City and Dallas. Each had a pick-up truck and would hit the road weekly putting together oil marketing and transportation deals with producers and other customers. Over the next 16 years, Crossen and Passmore build CP Energy into a significant crude oil purchasing, marketing and logistics player in the Midcontinent region by building strong relationships and offering exceptional customer service.

2003

  • Eclipse Services, Inc., a small trucking operation in Texas and Oklahoma, forges a business relationship with CP Energy, expanding its business, both with CP Energy and with third parties, from Texas and Oklahoma into Colorado. Eclipse continues to grow over time expanding into New Mexico, West Texas and the Permian Basin.

2010

  • Texoma Transportation & Crude Marketing, LLC is founded by John Schmitz of B-29 Investments. The company is formed with four E&P operators and begins operations in North Texas with three trucks. Texoma grows into a regional midstream oil purchasing, gathering and transportation company operating in Texas and Oklahoma.

2013

  • Texoma acquires a 20-mile natural gas gathering system in Grayson and Cooke County, Texas, to provide services to producers.  CP Energy has grown the system to over 55 miles currently.

2014

  • CP Energy and Texoma combine to form a single midstream marketing and logistics company, with private equity firms Crestview Partners and B-29 Investments acquiring a majority stake in the combined company. The new company is named CP Energy.
  • CP Energy acquires Eclipse, which has grown its fleet to 90 trucks and has key office locations in Houston, Texas and Ardmore and Woodward, Oklahoma. Eclipse becomes CP Energy Transportation.
  • Greg Piper and Les Harding join the company in October 2014, with Piper joining as President & CEO and Harding joining as COO.

2015

  • CP Energy partners with Barcas Pipeline Ventures to construct new tanks and delivery stations at Cushing, Oklahoma. When completed in early 2016, the company will gain access to 700,000 barrels of total capacity and also have direct access to several key terminals at Cushing, as well as indirect access to other major company terminals and interconnects at Cushing, including TransCanada (Market Link).

2016

  • CP Energy acquires the crude oil logistics assets of Flint Energy Services, expanding its geographic reach in the Permian Basin and South Texas and doubling its transportation fleet from 85 to 170 company-owned trucks. An experienced team of drivers and transportation logistics employees become employees of CP Energy. Offices acquired give CP Energy locations in George West in southern Texas and in San Angelo, Texas, and Jal, New Mexico, the base for Permian Basin Operations.