e2e Wyoming is an educational networking program with chapters in Laramie, Sheridan, and Casper designed to improve the climate for the start-up and growth of entrepreneurial companies. Five meetings are held each year where entrepreneurs meet with other entrepreneurs and business service providers. Ideas are shared, plans are developed, and many partnerships are formed.
December 13, 2016
Best Western Sheridan Center
Summit Energy Services: From Garage to $40M in Revenue
In less than three years Sheridan native, Mike Sweeney, launched Summit Energy Services and Liquid Logistics, grew the companies to over 175 employees with almost $40 million in annual revenue, and then sold both businesses to Waste Management, Inc. (NYSE: WM).
Mr. Sweeney will be the next speaker at e2e Wyoming in Sheridan on December 13th. The event will start at 5:30pm at the Best Western Sheridan Center and is open to the public. Mr. Sweeney will tell the story of Summit Energy Services and Liquid Logistics with an emphasis on topics such as startup funding, banking relationships, customer interaction strategies, servant leadership, and out of the box benefits.
In April 2010, Mr. Sweeney started Summit Energy Services (Summit) out of his garage in Williston, North Dakota with six employees. He wore many hats during Summit’s rapid growth, from field hand to corporate accountant. As he recruited others to fill these various roles, he began mentoring and training his management team to run Summit’s day-to-day operations, following a Servant-Leadership Model.
Summit serviced almost every aspect of oil well development, from earthwork and pipeline construction to well monitoring and modular frac tank installation, which eventually became Liquid Logistics. Summit’s employees built a company with phenomenal organic growth while maintaining spectacular returns. The firm established a strong reputation within the industry as well as the local community. In August of 2013, Waste Management acquired Summit along with Liquid Logistics in order to become a more capable and comprehensive oilfield services provider in the Bakken.
Prior to launching Summit, Mr. Sweeney worked as a Regional Manager for an oil and gas construction company. It was this position that brought him to the Williston Basin in 2009. He has extensive management experience in the energy industry as well as in engineering, banking, and international business start-up.
Mr. Sweeney is a graduate of the United States Naval Academy and the Navy’s Supply Corps School. Mr. Sweeney lives in Sheridan. He is married to Stacy Sweeney and they have nine children. Mr. Sweeney enjoys researching business opportunities, recreating, and working outdoors with his family.
e2e Wyoming is a networking program of the Wyoming Technology Business Center (WTBC) designed to improve the climate for the start-up and growth of entrepreneurial companies. Several meetings are held each year where entrepreneurs can meet with people interested in entrepreneurship to talk about issues related to starting and growing a business.