2013 Outstanding Entrepreneur
Mike Krimbill is the CEO of NGL Energy Partners LP (NGL), a master limited partnership (MLP) based in Tulsa. NGL has 2,200 employees and operates four midstream energy businesses — water treatment, crude oil logistics, natural gas liquids logistics and retail propane. The company has grown tenfold since its initial public offering (IPO) in 2011.
Krimbill is a 20-year veteran of the propane industry. He began his career in Tulsa in 1990 as chief financial officer of Heritage Propane, a retail propane startup founded by James Bertelsmeyer. Together, Krimbill and Bertelsmeyer helped expand Heritage, taking it public in 1996 as MLP Heritage Propane Partners, LP. Later, Heritage merged with a midstream pipeline company to become Energy Transfer Partners LP (ETP). The company expanded to the natural gas transportation business and became the largest intrastate natural gas pipeline business in the United States.
Through the IPO of ETP’s general partner, Energy Transfer Equity, in 2006, Krimbill helped the two companies expand to multibillion-dollar ventures with more than 5,000 employees. After leaving ETP, he served on the Williams Energy Partners, LP Board of Directors for five years, chairing its conflicts committee until 2012.
While pursuing investment opportunities in banking and real estate, Krimbill serves on the board of directors for Pacific Commerce Bank in California. He is owner/developer of the "Vineyard," a 20-acre development of restaurant, retail and entertainment concepts in Tulsa. Krimbill has five children, three of whom attended TU and studied finance, elementary education and management information systems.