EQT Corporation has named Jeremiah J. Ashcroft III senior vice president and president, midstream of EQT Corporation, effective August 7, 2017. Ashcroft was also appointed senior vice president and chief operating officer for EQT Midstream Partners, LP and will join the company’s board of directors. Ashcroft replaces Lisa Hyland, who has been with EQT since 2000 and announced her retirement in March 2017. Hyland will remain senior vice president, special projects for EQT through March 2018.
“Along with an extensive background in the oil and gas sector, which includes operations, compliance, and the organic growth of pipeline systems, Jerry has tremendous team leadership experience and will be a strong addition to our executive team,” said Steve Schlotterbeck, EQT’s president and chief executive officer. “With our growing asset position in the Marcellus, one of the best natural gas basins in the world, we expect our strategically located midstream operations and low-cost operating structure will continue to create both near-and long-term value for our shareholders.”
Ashcroft has a distinguished military career with the United States Marine Corps, along with more than 15 years of experience in the oil, gas, and pipeline industries. His most recent position was chief executive officer of Gulf Oil L.P. – a distributor of fuel products and lubricants, based in Boston, MA. Previously, he served as chief operating officer for JP Energy Partners, where he led their initial public offering and had P&L responsibility for their NGL, crude, and refined products businesses. He also spent several years with Buckeye Partners, L.P. – a midstream logistics services company that owns and operates one of the nation’s largest independent common carrier pipeline networks. During his tenure at Buckeye Partners, Ashcroft held various roles of increasing responsibility, including vice president of field operations, senior vice president global operations, and president of three business units. Ashcroft began his energy career with Colonial Pipeline Company, L.P. as director of operations, and later served as chief compliance officer.
Ashcroft holds a Master of Business Administration, with a concentration in finance, from Emory University Goizueta Business School and received a Bachelor of Science degree from the United States Naval Academy.