Meritage Midstream picks up Oklahoman for new executive position

Denver’s Meritage Midstream, a major midstream operator in Wyoming’s Powder River Basin announced the addition of two executives to the company’s leadership team. One left an Oklahoma midstream firm to take the new job.

T. Jeffrey Layne was named chief operating office and Matthew DeNezza will be the company’s new chief financial officer.

“After six consecutive years of growth, Meritage is the largest midstream platform in Wyoming’s Powder River Basin,” said Meritage CEO Steve Huckaby. “We are pleased that Jeff and Matt have come on board to help maximize the value of our assets. The Powder River Basin is rapidly becoming one of the nation’s preeminent basins for oil and gas production. Jeff and Matt will play a vital role in our ongoing efforts to remain the provider of choice for midstream services in the PRB.”

The announcement precedes the anticipated commissioning early in the third quarter 2019 of the company’s new Steamboat Cryogenic Processing Plant in Converse County, Wyoming, and follows the June 10, 2019 announcement of a binding Open Season to support the expansion of its Thunder Creek NGL Pipeline.

Layne previously was vice president of engineering and operations for Kingfisher Midstream, a firm based in Oklahoma’s STACK play. He has more than 25 years of oil and gas experience in engineering, major projects and operations.

 

Chief Financial Officer Matt DeNezza joined Meritage after serving approximately six years as chief financial officer at Eclipse Resources Corporation. Prior to Eclipse, he served in the Global Natural Resources Group at Deutsche Bank Securities, where he was responsible for leading merger and acquisition advisory assignments, as well as aiding clients in understanding capital markets and developing and executing financial transactions.