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Welch appointed EVP, CFO of JP Energy Partners

JP Energy Partners LP

JP Energy Partners LP has appointed Patrick Welch as the company’s executive vice president and CFO. Welch has been serving as the interim CFO for the company since November of last year.

Welch brings over 24 years of energy industry finance and accounting experience. Most recently, he served as a managing director at Opportune LLP, a financial consultancy firm focused exclusively on the energy sector. Welch previously served as CFO for Atlantic Power Corp., a publicly traded independent power producer, and also for a privately held renewable energy development and construction company.

Prior to Atlantic Power Corp., Welch was vice president and controller of DCP Midstream and DCP Midstream Partners in Denver, Colorado, where he was responsible for the accounting and public reporting functions of the company and played a significant role in the initial public offering of DCP Midstream Partners. Before DCP Midstream, Welch held various positions with Dynegy Inc. in Houston, Texas, including vice president and controller of Dynegy Generation and assistant corporate controller. He began his career with PricewaterhouseCoopers LLP, where he serviced several major energy clients, including one of the largest midstream master limited partnerships. Welch obtained his bachelor’s degree from the University of Central Oklahoma, and is a certified public accountant.

JP Energy Partners was formed in 2010 to focus on developing a platform of midstream assets to provide integrated services to suppliers and consumers of petroleum products. The company's assets include three million barrels of crude oil storage in Cushing, Oklahoma; a crude oil pipeline system located in the Midland Basin gathering production from the Southern Wolfcamp; a crude oil transport operation doing business as JP Falco with operations in the Bakken, the Mid-Continent, the Permian, and the Eagle Ford areas; two refined products terminals serving the Dallas, Texas, and Little Rock, Arkansas, markets; a propane distribution businesses in the US, with operations in 48 states; and the third largest propane cylinder exchange business in the US.

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