Thursday, March 6, 2014

Michael Creel: Enterprise Products Holdings CEO

Michael Creel graduated from McNeese State University in Lake Charles, Louisiana with a bachelor’s degree in accounting. He is a Certified Public Accountant.  One thing nice with an accounting degree is its need in any business. You will need someone with an accounting background in any business sooner or later.

For Michael he made use of his accounting and business skills in the energy industry.  After working in various energy related companies and rising in stature along the way he was finally appointed CEO and a Director of Enterprise Products Holdings LLC on November 2010.  Enterprise Products Holdings was born out of a number of mergers and acquisitions.

While not popularly known the company that Michael heads is quite impressive. Since its IPO in July 1998 the company’s asset base has been increasing from $715 million to $38 billion as of March 31, 2013.  Acquisitions and organic growth have been responsible for this increase.

The company Michael leads has 50,000 miles of natural gas, NGL, crude oil, refined products and petrochemical pipelines. Its salt dome storage has 200 million barrels (MMBbls) of NGL, refined products and crude oil storage capacity and 14 billion cubic feet (Bcf) of natural gas storage capacity among other capabilities. 

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