A co-founder of Caiman Energy II, LLC, Rick Moncrief serves Caiman Energy II, LLC and Blue Racer Midstream, LLC as the President and Chief Corporate Development Officer. Mr. Moncrief has a remarkable track record of success in value creation during his extensive career in the energy industry and has held numerous operational and commercial leadership positions.
In his prior role as Executive Vice President of Business Development, Mr. Moncrief led Caiman’s commercial efforts in West Virginia and Pennsylvania. These efforts led to the successful deployment of over $700 million in capital for the development of gas and condensate gathering systems, gas processing plants, as well as NGL pipelines and fractionation facilities, which were supported with over 550,000 acres and 200,000 MMBTU per day of long term producer commitments. Mr. Moncrief also negotiated the initial anchor commitment to Nova Chemicals in support of the Mariner West purity ethane pipeline to Sarnia, Canada – an important third-party arrangement to move ethane stranded from the rapid development of the Marcellus Shale.
From 2007 until he joined Caiman, Mr. Moncrief served as Executive Vice President and Chief Operating Officer for Regency Energy Partners (NYSE: RGP), a midstream services provider specializing in natural gas. As COO he was responsible for more than 220 employees as well as the operations, engineering, EH&S and commercial activities of the company. Mr. Moncrief joined Regency in 2006 as Senior Vice President of Gas Supply and Business Development following the sale of Sid Richardson Energy Services' west Texas assets to Southern Union. He accepted the role of COO in 2007.
From 2001 to 2006, Mr. Moncrief was Vice President of Engineering and Business Development for Sid Richardson, where he was responsible for the integration and optimization of the Sid Richardson assets. Mr. Moncrief led organic growth initiatives, the acquisition of several idle and underutilized pipelines and the reconfiguration and upgrading of those assets. His leadership led to the 2006 sale of those assets to Southern Union for $1.6 billion.
From 1998 to 2000, Mr. Moncrief served as Vice President of Gas Supply and Business Development for Koch Midstream Services' assets in south and west Texas. From 1986 to 1997 he held various positions at Texas Oil and Gas Corporation, working initially as an engineer for the company's exploration and production subsidiary, TXO Production Company, before moving to Delhi Gas Pipeline Corporation where he held management positions until the company was sold to Koch Midstream.
Mr. Moncrief began his career in 1981 as an engineer with Getty Oil after receiving a Bachelor of Science degree in petroleum engineering from Texas A&M University the same year. He is a Registered Professional Engineer. Mr. Moncrief and his wife have two children.