Gary Reaves, Chairman, Blue Racer Midstream
Managing Director, First Reserve Corporation

Gary Reaves was appointed to the Blue Racer Board of Managers by First Reserve in December 2018. Mr. Reaves is a Managing Director at First Reserve. Since joining First Reserve in 2006, Mr. Reaves’ responsibilities have included deal origination and structuring as well as due diligence, execution and monitoring of investments, with particular focus on midstream assets and the equipment, manufacturing and services sectors. Prior to joining First Reserve, he was with UBS Investment Bank in their Global Energy Group. He also spent time as an Analyst in Financial Advisory Services for Howard Frazier Barker Elliott, Inc. Mr. Reaves holds a B.B.A. in International Business from The University of Texas at Austin.

Jack Lafield, Chairman, Caiman Energy II

Caiman Energy's founder and Chairman has had a remarkable 40-year career in the energy industry. Jack Lafield's record of creating value and growth began at Atlantic Richfield and continues at Caiman Energy, where he led the development of a sizable rich gas system in the Marcellus Shale, oversaw its sale to Williams Partners (NYSE:WPZ) in April 2012 for $2.5 billion and will lead Caiman’s initiatives in the Utica Shale and beyond.

His leadership skills and midstream expertise are unparalleled, but what sets Mr. Lafield apart are his forward-thinking vision, his entrepreneurial spirit and his passion for creating a principled company that always puts its customers and stakeholders first.

Prior to leading the formation of Caiman, Mr. Lafield served for more than eight years as Executive Vice President of Corporate Development for all of the Crosstex Energy companies including Crosstex Energy Inc., (NASDAQ: XTXI) and Crosstex Energy L.P., (NASDAQ: XTEX). He directed all Crosstex acquisitions and major projects leading Crosstex to substantial growth during his tenure at the company. Mr. Lafield joined Crosstex after introducing the management team to Yorktown Energy, the private equity firm that fueled Crosstex's initial growth. In 2008, he also led the commercial teams responsible for the day-to-day gas supply and marketing efforts.

Prior to joining Crosstex in 2000, Mr. Lafield spent five years consulting with various equity groups and international exploration companies to assist them in all phases of acquiring, building, owning and operating midstream assets. He worked with HM Capital and Triton Energy, an international exploration and production company.

He founded and was President and CEO of Triumph Natural Gas from 1989 to 1995. Triumph was a midstream company engaged in gas gathering, processing and treating with a leading Midwestern marketing group.

Earlier in his career, Mr. Lafield served as President and COO of Nagasco, Inc., a full-service midstream company he founded with Apache Corporation.

From 1980 to 1986 Mr. Lafield served as Senior Vice President of Lear Petroleum and President of its midstream subsidiary, Producers Gas Company.

From 1977 to 1980 Mr. Lafield worked for Texas Oil and Gas and its midstream subsidiary, Delhi Gas Pipeline, where he served as Director of Gas Supply and later as Mid-Continent manager. He began his career in 1972 as an operations engineer for Atlantic Richfield Company.

Mr. Lafield holds a Bachelor of Science degree in chemical engineering from Texas A&M University and is a graduate of the Executive Program at Stanford University. He has served on the board and is a current member of the Gas Processors Association and is a member of the Dallas Petroleum Club and the North Texas Natural Gas and Power Association. Mr. Lafield is a member and past Chairman of the Texas Intrastate Pipeline Association. He presently serves on the Advisory Board of the Dwight Look College of Engineering at Texas A&M University and is on the Dallas Goodwill Industries' Board of Directors.

A sports enthusiast, Mr. Lafield is married with three children.

Stephen L. Arata, Chief Executive Officer

Stephen Arata became CEO of Caiman Energy II, LLC and Blue Racer Midstream, LLC effective April 1, 2015. Mr. Arata joined Caiman II's predecessor, Caiman Energy, LLC, as CFO in October 2010. In 2011, Mr. Arata led the effort to raise $500 million of debt and preferred equity to fund Caiman Energy's growth plan. In early 2012, Mr. Arata was a key part of the team that sold Caiman Eastern to Williams Partners (NYSE: WPZ) for $2.5 billion.

Mr. Arata co-founded Caiman Energy II, LLC in mid-2012 and was a lead negotiator in the formation of Blue Racer Midstream, LLC in late 2012. Mr. Arata also led the efforts to secure a $1 billion credit facility and to raise $550 million of unsecured debt for Blue Racer. Mr. Arata is also a board member of both Caiman Energy II, LLC and Blue Racer Midstream, LLC.

Mr. Arata has extensive mergers and acquisitions experience. Regency Energy Partners (NYSE: RGP) completed 11 mergers, acquisitions and divestitures worth more than $3.6 billion during Mr. Arata’s five years with the company. Mr. Arata’s financing experience includes more than $2 billion of debt financing in both the bank and bond markets, as well as more than $2 billion of equity capital markets transactions in both the private and public markets.

While at Regency, Mr. Arata was responsible for a wide range of activities, including mergers and acquisitions, financial reporting, investor relations and communications, accounting, treasury, SOX compliance, internal audit, tax, information technology and human resources.

Earlier in his career, Mr. Arata worked for UBS Investment Bank for nine years in both Dallas, Texas, and in London, England, covering the power and pipeline sectors. At UBS, Mr. Arata advised on more than $40 billion of completed mergers and acquisitions as well as on numerous financings.

Prior to UBS, Mr. Arata spent four years as a consultant at Deloitte Consulting, performing strategic consulting assignments for energy clients.

Mr. Arata received a Bachelor of Arts degree in English and a Bachelor of Business Administration in general business from Southern Methodist University. He also holds a Master of Management degree from the J.L. Kellogg Graduate School of Management at Northwestern University.

Richard D. Moncrief, President, Chief Corporate Development Officer

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.

Will R. Brown, Manager, Blue Racer Midstream
Director, First Reserve Corporation

Will R. Brown was appointed to the Blue Racer Board of Managers by First Reserve in December 2018. Mr. Brown joined First Reserve in 2006. Mr. Brown’s responsibilities include investment origination and structuring, due diligence, execution and monitoring, with particular emphasis on midstream assets and the equipment, manufacturing and services sectors. Prior to joining First Reserve, he was an Investment Banking Analyst for Banc of America Securities LLC. Mr. Brown holds a B.S. from Duke University and an M.B.A. from Columbia Business School.

Gary Buchler, Manager, Blue Racer Midstream
Senior Advisor, First Reserve Corporation

Gary Buchler was appointed to the Blue Racer Board of Managers by First Reserve in December 2018. Mr. Buchler joined the First Reserve Senior Advisor Program in 2018. In this role, Mr. Buchler leverages his broad experience in the midstream and midstream-related equipment and services industries to enhance First Reserve’s portfolio and expertise in these sectors. Most recently, Mr. Buchler served as Chief Operating Officer of the Gas Pipeline Business Unit for Kinder Morgan (“KMI”). Prior to holding that position, he spent approximately 40 years with KMI in various roles overseeing the engineering, operations, environment/health/safety, and land management business functions of the company. Additionally, Mr. Buchler played a key role in multiple M&A transactions for Kinder Morgan. Mr. Buchler holds a B.S. in Electrical Engineering from the University of Iowa and an MBA from the Keller Graduate School of Management.