THE WOODLANDS, Texas–(BUSINESS WIRE)–NorthStar Midstream (“NorthStar” or the “Company”), a diversified midstream services company, majority owned by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), announced today that Brian L. Melton has been hired as Senior Vice President, Commercial, reporting directly to Chief Executive Officer, Mac Hummel.
Mr. Melton most recently served as the Chief Commercial Officer for Blueknight Energy Partners, which provides crude oil and asphalt terminal, pipeline and transportation services throughout the United States.
“We are excited to have someone with Brian’s extensive knowledge and experience join the NorthStar team,” Mr. Hummel commented. “Brian’s experience in the energy and financial services industries will be a tremendous asset as we work to realize the full potential of our assets and increase our capabilities in new ways to better serve the needs of our customers.”
Jared Parker, a Co-Portfolio Manager of Oaktree’s Infrastructure Investing Strategy, said: “Brian’s deep expertise in the energy industry will be an important addition to the NorthStar team. We are confident that Brian and the rest of the executive team will continue to develop attractive midstream solutions for its customers utilizing NorthStar’s assets.”
Prior to his tenure as Chief Commercial Officer for Blueknight, Mr. Melton was Vice President of Pipeline Marketing & Business Development at the company. Before joining Blueknight, Mr. Melton served as the Vice President of Business Development / Corporate Strategy for Crestwood and Inergy, which provide midstream crude oil, natural gas, and natural gas liquids services. Mr. Melton, who has also held investment banking positions at Wachovia Securities and A.G. Edwards, received a Bachelor of Science degree in Management and a Master of Business Administration degree from Arkansas State University.
Mr. Melton also currently serves on the Board of Directors of exploration and production company Abraxas Petroleum Corporation.
About NorthStar Midstream
NorthStar is a diversified logistics company providing flexible crude oil, sand, and LNG logistics services, including storage and transportation solutions, to the North American energy industry. NorthStar’s assets include a 375-acre crude oil and sand logistics transloading and transportation terminal with 500,000 barrels of crude storage located in East Fairview, ND, a crude oil terminal with 160,000 barrels of crude storage located in Alexander, ND, a FERC-regulated crude oil pipeline located in McKenzie County, ND providing access to the Dakota Access Pipeline via the terminals in East Fairview and Alexander, a marine terminal located in Point Comfort, TX, a pipeline running from Edna, TX to the Point Comfort terminal and an LNG production facility, marine loading dock and LNG barging operation in Jacksonville, FL. For more information, visit http://www.northstarmidstream.com/.
Oaktree is a leader among global investment managers specializing in alternative investments, with $120 billion in assets under management as of June 30, 2019. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 950 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.