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Summit Energy Services Founder to Speak at e2e Sheridan Meeting Dec. 13

November 29, 2016
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Mike Sweeney, former founder and owner of Summit Energy Services and Liquid Logistics, will be the guest speaker at the e2e Wyoming meeting in Sheridan Tuesday, Dec. 13, 5:30 p.m., at the Best Western Sheridan Center. (Logo provided by Sheridan Area WTBC)

In less than three years, Sheridan native Mike Sweeney launched Summit Energy Services and Liquid Logistics; grew the company to more than 175 employees with almost $40 million in annual revenue; and then sold both businesses to Waste Management Inc.

Sweeney, former founder and owner of Summit, will be the guest speaker at the e2e Wyoming meeting in Sheridan Tuesday, Dec. 13, 5:30 p.m., at the Best Western Sheridan Center. The meeting is open to the public.

Sweeney will tell the story of the company, with an emphasis on topics such as startup funding, banking relationships, customer interaction strategies, servant leadership and out-of-the-box benefits.

“It really is incredible what Mike and his team were able to accomplish in only a few years,” says John Dick, director of the Wyoming Technology Business Center (WTBC) in Sheridan. “I'm excited he's able to share his story with us, because it helps build a stronger culture of entrepreneurship and allows people to learn from his experiences.”

In April 2010, Sweeney started Summit out of his garage in Williston, N.D., with six employees. He wore many hats -- from field hand to corporate accountant -- during Summit’s rapid growth. 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 2013, Waste Management acquired Summit along with Liquid Logistics to become a more capable and comprehensive oil field services provider in the Bakken fields.

Prior to launching Summit, 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 startup.

Sweeney is a graduate of the United States Naval Academy and the Navy’s Supply Corps School. He lives in Sheridan with his wife, Stacy Sweeney, and their nine children. Sweeney enjoys researching business opportunities, recreation activities and working outdoors with his family.

E2e is an educational networking program with chapters in Laramie, Casper, Gillette and Sheridan. It is designed to improve the climate for the startup and growth of entrepreneurial companies. Each e2e chapter meets bimonthly for 45 minutes of networking, followed by a 45-minute program. The programs feature successful entrepreneurs telling their stories, panel discussion on relevant topics and advice from experts in specific businesses.

Administered by the University of Wyoming Office of Research and Economic Development, the WTBC, with its main office located at UW, is a not-for-profit business incubator that provides entrepreneurs with the expertise, networks and tools necessary for success.

To register for the e2e Wyoming event in Sheridan, call the Sheridan Area WTBC at (307) 675-1939.

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