A week after Brian P. Boland joined the board of directors at Tulsa-based NGL Energy Partners LPL, a filing with the Securities and Exchange Commission showed his membership.
Boland joined the board as a result of NGL’s $892.5 million acquisition of Mesquite Disposals Unlimited, LLC. The closing was made July 2, thus creating what the company calls the largest water disposal system in the Delaware Basin of West Texas.
Mike Krimbill, CEO at NGL made the announcement at the time.
“We are also excited to announce the investment in NGL by EIG,” stated Mr. Krimbill. “In conjunction with our partnership with EIG, we welcome Brian Boland to our Board of Directors. We appreciate EIG’s support in the diligence and financing of this highly strategic acquisition and look forward to working with Brian and the EIG team on new opportunities in the near future.”
Brian Boland, Managing Director and Co-head of Midstream at EIG added, “We expect the acquisition of the Mesquite assets, together with NGL’s existing footprint in the Northern Delaware basin, to provide NGL with unmatched scale and capabilities that will facilitate best-in-class execution for its customers.”
Boland has been with EIG Global Energy Partners since 2011 and is a Managing Director and member of the investment team that focuses primarily on midstream, LNG and other energy-related infrastructure.