About

Our Focus

We are focused on providing flexible and innovative natural gas and natural gas liquids, processing, transportation and NGL service solutions to the producer community. We take a long-term, relationship based approach to our business to develop solutions which balance the sharing of risk and reward with our partners.

Why partner with Veresen Midstream?

Collaborative, Producer-Centric Approach
Our goal is to align ourselves with producers’ objectives. We work closely with our producer partners to understand their production forecasts and other needs and plan facilities accordingly.

Innovative and Unique Contractual Structure
We believe in creating solutions that work for our customers, tailoring contractual structures to fit specific producers’ needs.

Leveraging Synergies within our Existing Footprint
We have a large footprint in the heart of the Montney region where we have the opportunity to drive efficiencies, including labour and inventory.

Experienced Operator in the Montney
Veresen Midstream has operated the Hythe/Steeprock sour gas facilities since 2012 with >99% facility reliability, while maintaining a track record of safety and environmental stewardship.

Cost-Effective Construction
We are focused on building safe and environmentally progressive facilities at costs that add value for our customers.

Management Team

Chris Rousch

Chris Rousch

President & Chief Executive Officer

Chris Rousch was instrumental in the formation of Veresen Midstream and has been with the company since its inception in 2015. Previously, Chris was Vice President, Business Development and Vice President, Midstream at Veresen Inc. Chris also spent nine years at Provident Energy (now Pembina Pipeline Corporation) in progressively senior Engineering and Project Management roles.

Chris holds a Bachelor of Science degree in Chemical Engineering from Queen’s University, and an MBA from Cornell University and Queen’s University. Chris is a registered Professional Engineer and a Chartered Professional Accountant.

Dave Dunlop

Dave Dunlop

Chief Financial Officer

Dave Dunlop is a senior finance professional with over 25 years of experience in the energy industry. As CFO of Veresen Midstream through a shared services agreement, Dave is responsible for accounting and financial reporting, finance and treasury. Previously Dave held the position of Vice President, Controller for Veresen. Prior to joining Veresen in 2013, Dave worked with Talisman Energy for 19 years where he held a variety of progressively more senior roles within accounting and financial reporting, including five years as Controller.

Dave holds a Bachelor of Commerce degree from the University of Alberta, a Chartered Accountant designation and a Master of Business Administration from Northwestern University and York University.

Our Owners

pembina

Calgary-based Pembina is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport natural gas and various products derived from natural gas and hydrocarbon liquids produced primarily in western Canada. The Company also owns and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to working with its community and aboriginal neighbours, while providing value for investors in a safe, environmentally responsible manner. This balanced approach to operating ensures the trust Pembina builds among all of its stakeholders is sustainable over the long term. Pembina's common shares trade on the Toronto and New York stock exchanges under the symbols PPL and PBA, respectively. Pembina's preferred shares also trade on the Toronto stock exchange. For more information, visit www.pembina.com.

kkr

Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with approximately US$125 billion in assets under management. KKR manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies, and hedge funds.

KKR is committed to deepening its presence in the Canadian energy sector, having committed over US$2 billion of equity capital to companies in the sector since 2010. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR). For more information about KKR visit kkr.com.

Board of Directors

Don Althoff
Board Chair

Don Althoff is a senior business executive with a proven track record of delivering results across a range of energy businesses within a “Fortune 25” company. He has deep knowledge of the fuels supply chain marketplace, including manufacturing, pipeline, terminal, trading and retail sales. Most recently, Don was President and Chief Executive Officer of Veresen Midstream. He was also with Flex Fuels US LLC., BP PLC and Amoco Corporation for 27 years. Don holds a Bachelor of Engineering from the University of Illinois and has completed financial management studies at Indiana University and management programs at Stanford and Harvard universities.

Brandon Freiman
Member & Head of North American Infrastructure, KKR
Brandon Freiman (Menlo Park) joined KKR in 2007. He is the Head of North American Infrastructure and serves as a member of the Infrastructure Investment Committee. He has been involved in KKR’s investments in Veresen Midstream, Bayonne and Middletown Water, Westbrick Energy, El Paso Midstream, Del Monte Foods, and Energy Future Holdings, among others. He currently sits on the boards of Veresen Midstream, Bayonne and Middletown Water, Westbrick Energy and Energy Future Holdings. Prior to joining KKR, he was with Credit Suisse Securities in its energy investment banking group, where he was involved in a number of merger, acquisition, and other corporate advisory transactions. He holds a Bachelor of Commerce, with a Joint Honors in Economics and Finance, from McGill University.
Jaret Sprott
Senior Vice President & Chief Operating Officer, Facilities, Pembina Pipeline Corporation

Jaret Sprott is responsible for the Company's natural gas processing, extraction, fractionation and storage facilities.

Jaret joined Pembina as Vice President of its Gas Services business unit in January 2015 and was accountable for the safe, reliable and responsible management of Gas Services’ existing operations and infrastructure. During that time, he also lead the continued growth of Pembina’s gas gathering and processing throughput as well as its portfolio of assets and customer base.

Prior to joining Pembina, he had extensive upstream and gas services experience, having most recently worked at Encana Corporation in a senior management position, where he oversaw the growth of the company’s core liquids plays in Alberta and British Columbia while managing the day-to-day operations and maintenance of non-core assets in the region.

Jaret also brings a background in strategic planning, engineering, operations and facility construction.

He graduated with a Bachelor of Applied Science in Petroleum Systems Engineering from the University of Regina in 2002 and is a member of APEGA.

Paul Workman
Principal, Infrastructure, KKR

Paul Workman (Menlo Park) joined KKR in 2014 and is a member of the KKR North American Infrastructure team. Prior to joining KKR, he was with RBC Capital Markets in Calgary, where he focused on merger, acquisition and financing transactions in the Energy industry. Prior to RBC, he worked in the oil and gas industry focusing on engineering. He holds a B.Sc. in Mechanical Engineering and a B.A. in Economics from Queen’s University.

Doug Rotenberg
Managing Member, Odyssey Energy Advisors LLC

Doug Rotenberg, based in San Francisco, is an independent energy advisor to Private Equity, energy Industry participants and Boards in LNG, natural gas and other resource plays. Doug retired from BP at end-2015 with 25-years of gas, LNG, power, NGLs and downstream market experience and has closed major transactions in most global energy producer and consumer regions across every element of the gas value chain. Doug graduated from Southern Methodist University in 1985 and received an MBA from the University of North Carolina in 1988. Doug was a currency and energy trader in his early career before joining Enron International in Houston in 1993 where he was a leader in the early steps of the merchant LNG business. Doug joined BP in London in 2000 as the original Global Head of LNG and transferred to Singapore in 2006 where he continued to work with BP’s Upstream and Traded LNG portfolio and serve as Global Chief Commercial Officer for the Integrated Supply & Trading business. Doug is a Senior Advisor to KKR’s Infrastructure platform.

Ian Balfour
Vice President, Gas Services, Pembina Pipeline Corporation
Ian Balfour brings over 15 years of experience in the Alberta energy industry with a background in law and commercial development, and was responsible for the commercial development of Pembina’s recent pipeline expansions. As the Vice President of Gas Services, Ian is responsible for the overall performance of Pembina’s Gas Services business, including the safe, reliable and responsible management of operations and infrastructure, as well as, the continued growth of Pembina’s gas services assets and customer base. Ian graduated from the University of British Columbia with a Bachelor of Laws, and is an active member of the Law Society of Alberta. Ian started his career at a large Canadian law firm specializing in transactional, international and corporate income tax. Ian is a former member of the Canadian Para-alpine World Cup ski team, he competed for eight years on the World Cup circuit, 3 Paralympic games and won the Downhill World Champion in 2000 in Anzere, Switzerland.
Brian Kostreba
Senior Manager, Gas Services Controller, Pembina Pipeline Corporation
Brian Kostreba is a senior finance professional with over 30 years of experience, including 21 years in the energy industry.  He is responsible for accounting, financial reporting, long-range planning and budgeting for the Gas Services Business Unit.  Before joining Pembina in 2017, Brian held the position of Treasurer with Veresen Inc. and was responsible for all treasury and capital markets financings. Prior to Veresen, Brian was with Nexen Inc. for thirteen years where he held a variety of progressively more senior roles within the organization in capital markets, marketing and long-range planning. Brian has a Bachelor of Business Administration Degree from Lakehead University, is a Chartered Professional Accountant and a CFA® Charterholder.

COMPANY NEWS

Announcement: August 29, 2019: Leadership Transition at Veresen Midstream.