Crescent Midstream’s highly experienced management team has a proven track record of safety, operational excellence and compliance.
Jeremiah Ashcroft III
Chief Executive Officer
Jeremiah Ashcroft has served as CEO of Crescent Midstream since 2020. He has served as CEO of other Carlyle portfolio companies and has advised the firm on several transactions. Prior to Crescent Midstream, he held the role as President and CEO of EQT Midstream, which included three publicly traded midstream platforms. Mr. Ashcroft also served as CEO of Gulf Oil, took JP Energy public as COO and served as President of Buckeye Partners. He began his energy career with Colonial Pipeline Company. Mr. Ashcroft received a Bachelor of Science from the United States Naval Academy serving in the United States Marine Corps and received a Master of Business Administration from Goizueta Business School at Emory University.
Chief Developmnt Officer
Basel Murad is the Chief Development Officer for Crescent Midstream. He has over 14 years of experience in the energy industry across Carbon Capture, Midstream and Exploration and Production (E&P). Prior to joining Crescent, Mr. Murad served as Senior Vice President of Finance and a member of the Founding Team of Ozona Carbon Capture & Sequestration (CCS). Prior to Ozona, Mr. Murad was Vice President of Corporate Development for EPIC Midstream, a $4.5 billion crude and NGL pipeline and export project that originated in the Permian Basin and terminated in Corpus Christi. He has also held finance and strategy positions at BlackBrush Oil & Gas and TexStar Midstream. Mr. Murad started his career in the investment banking divisions of Citigroup, RBC Capital Markets and Jefferies focused on M&A and capital markets transactions. He graduated from the University of Texas at Austin with a Bachelor of Business Administration in Finance from the Canfield Business Honors Program (CBHP).
Chief Financial Officer
K. Phil Yoo is the Chief Financial Officer. He has over 30 years of experience in the energy, technology and financial services industries. Most recently, Mr. Yoo worked with Inspirato Incorporated where he played a key role in taking the company public through their merger with a SPAC. Mr. Yoo has over 17 years of experience in the energy industry, including serving as Chief Accounting Officer for Antero Resources Corporation, Antero Midstream Partners LP and Antero Midstream GP LP through their initial public offerings. Mr. Yoo is a Certified Public Accountant licensed in Colorado, a Chartered Professional Accountant in Canada and holds a Bachelor of Commerce from the University of Alberta.
Vice President of Engineering & Operations
Eric Lyons is the Vice President of Engineering & Regulatory Compliance for Crescent Midstream and joined the team in 2016. Eric played a vital role to establish an in-house engineering team and basis to develop and maintain the Gulf assets. Eric built his engineering career starting at BP in the crude pipeline field in 2008, continuing through Williams extending his knowledge in natural gas cryogenics and fractionation processes. Eric has worked his way through engineering and project management roles, including maintenance engineering, facility engineering, area engineering and pipeline engineering to bring him into engineering management. Mr. Lyons holds a Bachelor of Science degree in chemical engineering from the University of Louisiana at Lafayette.
Vice President of Carbon Neutrality
Richard Stewart is the Vice President of Carbon Neutrality for Crescent Midstream. Most recently, Richard was the President & CEO of Geostock Sandia, which has created permitting, well, and storage solutions for the carbon dioxide industry for more than fifteen years. Prior to Geostock, Richard spent almost twenty years managing projects, engineering, and construction departments for several major oil & gas companies with annual capital budgets up to $8 billion. Richard received a Bachelor’s in Physics from the University of Virginia and earned a Master’s in Electrical Engineering early in his career while working for United Technologies in rocket engine development. Stewart also has a Master’s of Business Administration in Finance and Operations from Northwestern University.