Headquartered in Dallas, Cardinal Midstream III provides oil and gas producers with a complete array of midstream services including natural gas gathering, transportation, processing and treating. Cardinal III is led by Chairman and CEO Doug Dormer, President and CFO Tim Roberts, Executive Vice President and COO T. D. Baskin, and Executive Vice President and CCO Mark Ward. The company’s senior leadership team has been directly involved in the acquisition, development and operation of more than $1.3 billion in midstream assets. Cardinal III is focused on natural gas and crude oil gathering, natural gas processing, centralized compression facilities, condensate stabilization, vapor recovery and natural gas treating. Cardinal’s growth strategy centers on building a full-service midstream business through acquisition and grassroots development projects. In addition to Cardinal’s headquarters in Dallas, the company also has offices in Kingwood, Texas, and Galeton, Pennsylvania.
Cardinal Midstream II, LLC (“Cardinal II”) was formed in April 2013 and subsequently developed two gas gathering systems in Appalachia. In March 2017, Cardinal II closed on the sale of its interest in Cardinal PA Holdings, LLC (“Cardinal PA”) to a subsidiary of Energy Transfer Partners, L.P. Cardinal PA provided natural gas and condensate gathering, compression and condensate stabilization services in the Marcellus Shale of southwest Pennsylvania. Cardinal II continues to own and operate a natural gas gathering system in the prolific dry gas Utica Shale of north central Pennsylvania.
Precursor company Cardinal I Midstream, LLC ("Cardinal I") was founded in 2008 by Mack Lawrence, Jim Bryant, Doug Dormer and Marc Lyons. In November 2010, Cardinal I acquired Antero Resources Midstream Corporation (ARMC) and all of its assets for $268 million. In December 2012, Cardinal I sold its Arkoma Woodford-based natural gas gathering, processing and treating business as well as its natural gas contract treating business to Atlas Pipeline Partners, L.P. ("Atlas") for $600 million.
Management team, Cardinal II & III: