Tailwater Capital Promotes Doug Prieto and Drew Winston to Partner
Tailwater Capital promoted Doug Prieto and Drew Winston to Partner effective Dec. 16, 2025.
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Rhea-AI Summary
Tailwater Capital promoted Doug Prieto and Drew Winston to Partner effective Dec. 16, 2025. The moves recognize their roles in advancing Tailwater’s energy and infrastructure investment strategy and expanding proprietary sourcing, technical capabilities, and long‑term value creation for limited partners.
Doug Prieto joined Tailwater in 2021, most recently served as CEO of Tailwater E&P, led mineral, royalty and non‑operated upstream investments, and serves on boards of Pivotal Petroleum Partners I & II and Pivotal Royalties Partners I & II. Drew Winston joined in 2018, leads deal sourcing and portfolio management, and serves on boards including WTG Energy, Central Midstream, Producers Midstream, Summit Midstream (NYSE: SMC) and Goodnight Midstream.
Positive
- Two senior promotions reinforce Tailwater’s leadership bench and succession depth
- Doug Prieto has led Tailwater E&P since joining in 2021
- Drew Winston has driven sourcing and portfolio management since joining in 2018
- Both partners hold multiple portfolio board seats including Summit Midstream (NYSE: SMC)
Negative
- None.
Details
News Market Reaction – SMC
On Dec 16, the day this news came out, SMC closed 0.67% below the previous close.
Data tracked by StockTitan Argus for the Dec 16 session.
Key Figures
- Doug tenure start
- 2021
- Doug Prieto joined Tailwater in 2021
- Drew tenure start
- 2018
- Drew Winston joined Tailwater in 2018
- Current price
- $26.68
- Pre-news close for SMC
- 52-week high
- $45.89
- SMC 52-week high level
- 52-week low
- $19.13
- SMC 52-week low level
- Market cap
- $332,053,714
- SMC equity value before this news
Historical Context
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Improved Q3 EBITDA, throughput and cash flow with dividends still suspended.
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Announcement of Q3 earnings date and participation in two finance conferences.
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Q2 net loss and guidance toward low end of 2025 EBITDA range.
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Scheduling Q2 call and conference attendance disclosure for management.
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Announcement of 2024 K-3 tax form availability for unitholders.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Doug most recently served as Chief Executive Officer of Tailwater E&P and led the firm's mineral, royalty, and non-operated upstream investment strategy. Since joining the firm in 2021, Doug has helped build Tailwater E&P into a strategically focused and data-driven platform, known for executing proprietary transactions and managing a broad footprint of producing assets with deep inventory. He serves on the boards of Pivotal Petroleum Partners I & II and Pivotal Royalties Partners I & II, and is actively involved with Tailwater E&P SPV, LP.
"Doug has brought tremendous vision and discipline to our upstream platform, helping build what we believe is the leading royalty and non-op model in the industry," said Edward Herring, Tailwater Co-Founder and Managing Partner. "His leadership in assembling and managing world-class assets and teams has driven meaningful value creation for our investors."
Drew joined Tailwater in 2018 and since that time has led the sourcing, evaluation, execution, and ongoing management of investments across the firm. He currently serves on the boards of multiple portfolio companies including WTG Energy, Central Midstream, Producers Midstream, Summit Midstream (NYSE: SMC) and Goodnight Midstream. His leadership and sector expertise have been pivotal in identifying and executing several high-quality investments that have been instrumental to the growth of Tailwater's platform.
"Drew has consistently demonstrated an ability to pair deep industry relationships and strategic decision making to drive value across our portfolio and to our investors," said Jason Downie, Tailwater Co-Founder and Managing Partner. "His leadership style has fostered an environment of collaboration and innovation within Tailwater and has made him a trusted board member to our portfolio company management teams."
These promotions come at a time of strong momentum for Tailwater, as the firm expands its leadership focus on delivering reliable, high-return solutions in a dynamic market. Both Doug and Drew will continue to play critical roles in advancing Tailwater's investment strategy and reinforcing its reputation as a trusted, high-performing partner in energy and infrastructure investing.
About Tailwater Capital
Contact
Jill McMillan
Managing Director, Communications & Public Affairs
Phone: 214-489-7047
Email: jmcmillan@tailwatercapital.com
John Schaufele
Managing Director, Investor Relations & Fundraising
Phone: 214-489-7043
Email: jschaufele@tailwatercapital.com
Forward-Looking Statements
Includes non-Tailwater controlled capital pursuant to the Tailwater led management buyout processes for which Tailwater provides management related services.
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SOURCE Tailwater Capital
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