Home Energy company Colgate Energy Expands Community Involvement with PSP Membership

Colgate Energy Expands Community Involvement with PSP Membership


After three acquisitions that have expanded the business, Colgate Energy is taking the opportunity to expand its community involvement.

The company announced this week that it is joining the Permian Strategic Partnership, bringing PSP’s membership to 17.

“Colgate is thrilled to join this partnership of Permian operators who are doing great things for the Permian Basin,” said James Walter, president and co-CEO of Colgate Energy, in a statement provided to Reporter-Telegram. “With our Midland-based company and all employees living and working in West Texas, the issues that PSP actively addresses are especially important to us. PSP has funded many projects that make our community a better place to live. live and work, and we couldn’t pass up the chance to get involved. We look forward to what we will accomplish together.

Walter and Will Hickey, co-CEOs, said in a profile last year that they looked to Diamondback Energy and Concho Resources, now part of ConocoPhillips, as models for how they wanted to build Colgate. Part of this model is dedication to the communities in which they work.

It is important for both of them – and their staff – to invest in the quality of life in Midland, where the company is based and where its staff and their families live. Being able to contribute to something close to home was a factor in the decision to join PSP.

PSP focuses on five main areas: education, healthcare, housing, traffic safety and workforce development, all of which are important to Colgate. Under PSP, the company will have representatives on the board of directors, the management committee and on each of the initiative committees.

Colgate will release its first sustainability report in the coming weeks and highlight its community support in the report.

“We are delighted with the addition of James Walter, Will Hickey and the team at Colgate Energy,” PSP President and CEO Tracee Bentley said in a statement. “Colgate brings to the table an extraordinary talent and passion for the Permian Basin. They certainly join the PSP at a time when we have seen great momentum and transformational initiatives in our three short years. We continue to look forward to making lasting impacts together in the Permian Basin. »