Cypress Energy Partners, LLC was formed in 2012 by Regent Private Capital, LLC the family office of energy pioneer and leader Charles C. Stephenson in Tulsa, Oklahoma. Charles Stephenson has worked in the energy industry for over 50 years and is a petroleum engineer. He has lived and worked in most major basins in the US as well as parts of Europe and Latin America. After successful careers at Amerada Hess, Samson, and Andover he started Vintage Petroleum in the early 1980’s, took it public on the NYSE, and dramatically grew the company for almost twenty five years. He created significant shareholder value for his investors and wonderful long term employment opportunities for thousands of professionals. Several years ago he sold Vintage Petroleum where he was Chairman, & CEO to Occidental Petroleum. He then started Premier Natural Resources and is currently Chairman & CEO. They formed a strategic relationship with KKR & Co. L.P. (formerly Kohlberg Kravis Roberts & Co.) as a strategic limited partner and have been active in buying producing oil and gas properties. Regent decided to form Cypress Energy Partners to focus on providing water resource management solutions to the oil and gas industry. The tremendous growth in the U.S. energy industry driven by “unconventional” oil and gas exploration has created a very large and growing demand for water solutions. Material advances in drilling and completion technologies have unlocked large reserves of hydrocarbons in multiple “unconventional” resource plays in North America. These new drilling methods often involve a sophisticated procedure called hydraulic fracturing, which requires the injection of large amounts of water, proppants, and chemicals under high pressure into rock formations to stimulate production of oil and gas. This hydraulic fracturing process requires an average of 0.5-10 million gallons of water for each new well.
As part of the process, some portion of this unproduced water returns to the surface as a by-product or waste stream that is generally either recycled, legally disposed of in an EPA Class II saltwater disposal well or placed in evaporation pits where the water is evaporated at the surface. Each new oil and natural gas well completed generates produced water which is water from underground geological formation that is lifted to the surface along with the oil or gas during the normal course of oil or gas production operations. Since this water has been in contact with hydrocarbon-bearing formations, it contains some of the chemical characteristics of the formations and the hydrocarbons and also is generally either recycled, disposed of in an EPA Class II saltwater disposal well or placed in evaporation pits.
We passionately believe water stewardship and management in the oil and natural gas industry is a significant growth opportunity. We have extensive industry relationships and expertise and look to provide cost effective solutions to support the energy industry.
Our Mission, Vision, and Values
Safety, quality, regulatory compliance and environmental stewardship are fundamental to our culture. We receive regular inspections by relevant regulatory authorities. We also welcome inspections and audits by existing and future customers. Additionally, we conduct our own internal audits of our facilities. All this is performed to ensure that our quality and compliance programs remain at the top of our industry.
- Business Ethics
- Safety Leadership
- Customer Satisfaction & Value
- Operational Excellence
- Shareholder Value
- Employee Development
- Environmental Stewardship & Compliance
- Community Engagement
We are mindful and conscientious of the impact that our work has on the environment, and continue to explore new systems and technologies that increase safety and help us reduce our ecological footprint. We help our customers do the same by recommending clean, efficient and effective solutions to support their activities.
Our safety, health and operating compliance standards create the cornerstone for our solutions and services. We will always strive to stay ahead of the ever-changing regulatory requirements facing the energy industry.
We will always work hard to comply with and adhere to all applicable safety, health and operating regulations on a federal and state-by-state basis, as well as standards of basic corporate ethics, integrity, and social responsibility. Customer, partner, and employee trust can only be earned and maintained through our actions.
As part of a commitment to State and Federal regulatory agencies, employees, partners, customers and the environment, we maintain compliance with regulations and work with regulatory agencies that strictly monitor our operations in order to protect the environment pipelines and other infrastructure, oil, gas and other nonrenewable resources.
“We are committed to supporting the communities where we live, work and conduct business. Through our employees and regional business units we are able to give back to communities we serve.”
– Peter C. Boylan III, Cypress Energy Partners, LLC. President & CEO
With employees and facilities across the country, it’s important to us that we always are a good neighbor. Our recruiting and hiring process begins in the communities where we and our customers operate.
Ethics, honesty, and integrity are part of our core values and business philosophy. A respect for safety, our customers, regulations, and the environment is fundamental to our company. With over 300 years of combined leadership experience, our executive leadership team has a very strong track record of success, and a solid foundation of industry knowledge, expertise and familiarity with the kind of leadership that creates value for our customers, employees, shareholders, and other stakeholders.
Our People – the most valuable asset
We are a team of people dedicated to our customers, our communities, and each other. Our employees work as a team to provide excellent service to our customers, and contribute their talents and resources to the communities where they live and work throughout the year. Our people are our greatest asset and strength. We believe in creating careers.