Clear Creek has developed a reputation for successfully providing midstream services to independent producers in the energy industry.

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"Our country has an ongoing need to expand the reach of the existing energy infrastructure to bring new, economical and reliable natural gas supply sources to market,” Jenks, Oklahoma-based Clear Creek Energy Services says. 

According to CEO Fred Pace, this is precisely what the firm aims to do through working cooperatively with small to mid-sized exploration and processing firms. The company has developed a reputation for success in providing midstream services to independent producers in the energy industry.

“What we try to do is provide services to producers that allow them to keep investing in drilling wells, rather than spending money on gathering pipelines and treatment facilities,” Pace explains. “We can bundle these services together, and have the requisite skill sets needed to engineer, construct and operate the necessary facilities by having the depth of financing to own and operate these facilities.”

The firm’s equity partner, Energy Spectrum Capital, has given it access to more than $200 million in investment capital to fuel its growth. “Even though we may be smaller than many [master limited partnerships] out there, we have the skill sets and financing necessary to operate more efficiently and be more responsive to customers’ needs,” Vice President of Business Development Kirk Blackim says.

“Access to capital and strong commodity prices have made it more difficult to reach some prospective clients; however, we are well suited to assist those producers that are thinly capitalized or in early stages of development as well as those producers who simply value the ability to rely on a professional midstream partner.”

In all of its projects, Clear Creek strives to make a lasting impression on clients to secure repeat business. The company works closely with each client, and takes a partnering approach throughout the process.  “We like to function as an extension of our client,” Pace asserts. “We’re like a partner in the business, so they know they can rely on us to get the job done right.”
    

A Talented Team
Along with Pace and Blackim, the management team consists of President and COO Tim Bolding, Executive VP Mark Bolding and CFO Jeff Young, all of whom boast extensive experience in the industry.  Clear Creek was formed five years ago when Pace joined with predecessor company founder Tim Bolding and three other partners – two of whom are no longer active in the firm – with Blackim and Young joining the group a few years later.  

Together, the team has developed the necessary experience “to understand and deal effectively with the needs of the producing community and be proactive in providing midstream services to the energy industry,” Clear Creek explains.

The five partners are active industry advocates, and maintain a high visibility through speaking at industry conferences and joining state organizations, Blackim says.  As a result, the firm can maintain important industry contacts while sharing the story of Clear Creek.  

Relationship Focus
Industry relationships are key to Clear Creek, according to Pace.  “We are very much focused on developing and maintaining relationships with our customers,” he asserts.  “We are most effective when we can function as an extension of the customer’s internal work force.  One client made the comment to me that they think of us as part of the family.  Even though it’s a customer relationship, we strive to always be part of the family.”

This philosophy applies to the internal culture of Clear Creek, as well.  Everybody works together to achieve success, Blackim says.  “This is a culture unlike any place I’ve ever been,” he says.  “We’re not only business partners, but we’re also friends. This allows for a strong spirit of cooperation, which is the main reason we can deliver the level of service that we can.”

Current Projects
Clear Creek is currently working on a 20,000+-acre development project in the Piceance Basin of Colorado with PetroHunter Energy Corp. to install low-pressure and high-pressure natural gas gathering pipelines along with compression and gas conditioning equipment.  

In addition to other projects under development in the Piceance Basin, Clear Creek also has midstream projects under development and/or evaluation in Wyoming, Kansas, Oklahoma and Texas.