- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- CP Energy partners with Barcas Pipeline Ventures to construct new tanks and delivery stations at Cushing, Oklahoma. The company gained access to 700,000 barrels of total capacity, direct access to several key terminals at Cushing and indirect access to other major company terminals and interconnects at Cushing, including TransCanada (Market Link).
- The 70+ mile Omega Crude Oil Gathering System system and central terminal facility, located in Blaine County, Oklahoma, began flowing crude oil. With connectivity to Cushing, Oklahoma, the gathering system was constructed by CP Energy is 100% owned and operated by CP Energy.
- Acquisition of the Hackberry Pipeline Gathering System and completion of a truck unload terminal in Eddy County, New Mexico. The system represents the further expansion of CP Energy’s crude marketing and logistics business into the northern Delaware, an area seeing increased permitting and rig activity.