HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) (“Enterprise”) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $1.0 billion principal amount of Senior Notes EEE due February 15, 2053.
Enterprise expects to use the net proceeds of this offering for general company purposes, including for growth capital investments, and the repayment of debt (including the repayment of a portion of our $750 million principal amount of 3.50 percent Senior Notes VV due in February, 2022, and/or a portion of our $650 million principal amount of 4.05 percent Senior Notes CC also due in February, 2022).
The Senior Notes EEE will be issued at 99.170 percent of their principal amount and will have a fixed-rate interest coupon of 3.30 percent. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis. Settlement of the offering is expected to occur on September 15, 2021.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., SG Americas Securities, LLC and U.S. Bancorp Investments, Inc. acted as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus as supplemented for the offering by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, EPO or any underwriter or dealer participating in this offering will arrange to send a prospectus as supplemented to an investor if requested by contacting Citigroup Global Markets Inc. at (800) 831-9146, Deutsche Bank Securities Inc. at (800) 503-4611, SG Americas Securities, LLC at (855) 881-2108, U.S. Bancorp Investments, Inc. at (877) 558-2607.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations, (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Scott Rowe, president and chief executive officer, will present at the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021 at 12:20 – 12:50 CDT.
A webcast of Mr. Rowe’s presentation will be available for shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Flowserve Contacts
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
So Far This Year, 245,000 Individuals and Businesses Have Answered the Call to Save Energy and Help Support California’s Grid
SAN FRANCISCO--(BUSINESS WIRE)--Energy efficiency experts and environmentalists have long known that the best energy is the energy that you don’t use. That’s the premise behind energy conservation, as well as the guiding principle behind demand-response programs, in which individuals and businesses reduce or shift their energy usage during peak periods to help keep the grid reliable.
Pacific Gas and Electric Company (PG&E) provides a wide range of available demand-response (DR) programs and it continues to grow. Customers are embracing them in a way that benefits them personally and all Californians more broadly.
In all, approximately 245,000 industrial, business and residential customers have enrolled in a variety of demand-response programs. All told, these programs have a potential to provide approximately 365.8 megawatts of load-reduction capacity. roughly enough electricity for the instantaneous demand of about 275,000 homes.
Through Conservation, Companies Connect with Communities
And customers who participate in these DR programs acknowledge and understand their value.
“The Farmers’ Rice Cooperative (FRC) supports the community and environment that makes our industry possible. All FRC locations are enrolled in demand-response programs. FRC feels that demand-response programs are more important than ever to protect California from electrical grid capacity constraints. FRC is more than proud to support the community; it is integral to who we are,” said Joe Schloesser, the FRC’s director of Engineering and Continuous Improvement.
Terranova Ranch, a 6,000-acre farm that grows more than 25 crops in Helm in Fresno County, participates in multiple demand-response programs.
"With operational constraints that don't allow us to completely avoid on-peak TOU, demand response gives us a flexible option to contribute when we can,” said Patrick Pinkard, manager at Terranova Ranch. “Being located in a small community, it's a nice incentive to know our actions can go a long way in helping surrounding homes and businesses keep their lights and AC on, often when they need it the most.”
Tishman Speyer is a global real estate developer operating in 29 markets in nine countries.
“As a high-volume user of electricity, Tishman Speyer wants to do our part in contributing to reducing usage on the grid. Participating in demand-response programs such as the Emergency Load Reduction Program allows us to take an active role for preventing rotating outages in California while ensuring our operational needs are met,” said Scott Lessard, the chief engineer at Tishman Speyer’s property on 400 Castro St. in Mountain View.
And, at Ardent Mills, “our core values are trust, serving, simplicity and safety, and being enrolled in the Base Interruptible Program through PG&E is consistent with our company’s core values,” said Trevor Meyers, plant manager of Ardent Mills’ Stockton Mill facility. “Not only are we concerned with serving our customers and communities with nutritious grain-based solutions, but we can also serve our communities by curtailing our power needs during periods of grid capacity constraints.”
Energy Incentive Programs for Business, Residential Customers
There is a plethora of energy-reduction incentive programs for both business customers and residential customers.
For business customers, for example, there is:
Residential customers can participate in:
“We’re all in this together – PG&E, our residential and business customers, the state and others,” said Marlene Santos, PG&E’s Chief Customer Officer and a company EVP. “This is a success story based on the engagement of our customers, their awareness of demand-response programs and how they are answering the call.”
Importantly, helping conserve energy isn’t just the job of customers who sign up to participate in DR programs.
During heat waves in 2020 and 2021, where the reliability of the grid was in jeopardy, PG&E customers stepped up and conserved energy. The result was that no more rotating outages were needed after Aug. 14 and 15 last year and none have been needed so far this year. During the August 2020 heat events, PG&E customers and those of other load-serving entities helped reduce the peak demand on the grid by as much as 4,000 MW, roughly enough electricity for the instantaneous demand of about 3 million homes.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
Media Relations
415.973.5930
The First and Only National Museum Dedicated to the Surface Navy Teams Up with the Largest Online Community of Military Veterans to Honor All Who Served in the U.S. Navy and Marine Corps
SAN PEDRO, Calif.--(BUSINESS WIRE)--#battleshipiowa--The National Museum of the Surface Navy at the Battleship IOWA, the museum for America’s Surface Navy located aboard the historic Battleship USS Iowa Museum, today announced its strategic partnership with TogetherWeServed.com (TWS), the online community connecting and honoring every American who has worn the uniform of the United States military, that will help promote and preserve the military service histories of all men and women who served in the U.S. Navy and Marine Corps.
As a sponsor and technology partner, TogetherWeServed.com is providing the National Museum of the Surface Navy promotional support via its extensive veteran member base and programming support for its Plank Owner Registration program. Registering as a Plank Owner allows individuals to memorialize their own military service or the service of their loved ones, and includes special benefits including free participation in TogetherWeServed.com which also enables them to reconnect with people they served with.
TogetherWeServed.com will also provide the platform that will showcase comprehensive military service histories of millions of U.S. military veterans on dedicated “Roll of Honor” kiosks located throughout the museum. Visitors will be able to search the Roll of Honor for veterans they knew or served with, and will have the opportunity to join the Roll of Honor themselves if they served in any branch of the U.S. Armed Forces. Visitors are invited to add a memorial profile to the Roll of Honor to remember a family member who served.
“In 2025 on the 250th birthday of the U.S. Navy, the first and only national museum dedicated to the men and women of the Surface Navy will open aboard Battleship USS Iowa,” said retired Navy Rear Admiral Mike Shatynski, Chairman of the Board of the National Museum of the Surface Navy. “Together We Served will play an integral part in not only helping us build awareness of this incredible museum among Navy and Marine veterans, but will provide the platform that will enable us to incorporate each of these distinguished veterans into the very fabric of the museum.”
“Together We Served is proud to support the National Museum of the Surface Navy,” explained Brian Foster, President and Founder of TogetherWeServed.com “This partnership presents an exciting opportunity to connect our community of Navy and Marine Corps veterans with the nation’s first national museum dedicated to the United States Surface Naval Forces.”
About TogetherWeServed.com
Launched in 2003, Togetherweserved.com is a powerful military veteran search engine and military service history archive enabling active duty and former serving members of the U.S. Armed Forces to locate and connect with those they served with. With 5 individual service branch websites and 2.1 million active duty and veteran members from WW2 to present day, Together We Served is the largest online military network of its type and considered an important archive of visual military records.
About the National Museum of the Surface Navy
Scheduled to open in 2025 aboard the historic Battleship USS Iowa Museum, the National Museum of the Surface Navy is the museum for America’s Surface Navy. The museum’s mission is to raise America’s awareness of the importance of the United States Surface Naval Forces’ role in international relations, free trade, humanitarian assistance, and technological innovation, not just in the past but today and into the future.
Located in the Port of Los Angeles in San Pedro, Calif., Battleship USS Iowa Museum is one of the top five museums and attractions in Los Angeles, bringing the ship’s history to life through in-person and virtual tours and educational programs for youth. In addition to providing a natural platform for veterans and patriotic civilians to come together as a community, Battleship USS Iowa Museum provides a wide array of impactful programs and resources that support the critical needs of our military and veterans.
Media Contact:
Ken Hagihara, APR, Fellow PRSA, MCM
Integrity Public Relations, Inc.
949-768-4423 ext. 101
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PISCATAWAY, N.J.--(BUSINESS WIRE)--#EBL--Teams from around the world are invited to register for and participate in Empower a Billion Lives – II (EBL-II), the biennial global competition to develop and demonstrate viable, holistic and scalable solutions to the challenging problems of severe energy poverty and lack of energy access that impacts billions of people around the world. EBL is organized by the IEEE Power Electronics Society (IEEE PELS) of the Institute of Electrical and Electronics Engineers (IEEE) and its partners.
Three billion people live in severe energy poverty, including 770 million who live without electricity access. With current policies and solutions, it is predicted that by 2030, there will still be around 660 million people without electricity access, falling far short of achieving UN Sustainable Development Goals (SDG7) targeted in the Decade of Action. Providing affordable and sustainable energy access can dramatically impact living standards, health, education, productivity, and ability to be a part of modern society. Solving energy poverty using 21st century technology would also result in reduction of 3.8 gigatons per year in carbon emissions, as compared with the use of traditional 20th century methods. New solutions that can scale are clearly needed.
EBL-II is building on the success of EBL-I, where over 450 teams from 70 countries participated in events, field demonstrations, and at the global final in Baltimore in the US. EBL II seeks to engage teams once again to develop solutions that will have a great impact in energy access, have sound business plans, are regionally relevant, and will scale.
In EBL-I over $500,000 was provided in awards and team support, including a $100,000 grand prize to team SoULS from IIT Bombay, India for an innovative model of Energy Swaraj (energy self-sustainability) based on marrying advanced industrial supply chain principles with a program to boost self-reliance for local women through training, jobs and entrepreneurship, a solution that has already reached over 1 million people. Other global winners include XPower from Rwanda, Reeddi and Havenhill Synergy from Nigeria, Entrepreneurs du Monde and Okra from Cambodia, and SolarWorx from Germany.
The EBL competition encourages multi-disciplinary teams consisting of innovators, entrepreneurs, and researchers, as well as student teams from colleges and universities, to develop and demonstrate innovative and cost-effective solutions that are based on fast-moving 21st century technologies with rapidly declining prices. A primary focus of EBL-II is to reduce technology and market risk, and to achieve scale and impact with solutions that are robust, economically viable, environmentally sustainable, and affordable for those who live on less than $1.90 USD per day.
Liuchen Chang, President of IEEE PELS states that “EBL is a unique program, marrying the latest capabilities in technology with the ability to scale rapidly. It leverages the global presence of IEEE, its preeminent position as a technology leader, and its tremendous volunteer base, to execute such a wide-ranging program. It also aligns very well with IEEE’s mission to advance technology for the benefit of humanity. EBL showcases how the most advanced technologies can be applied to solve problems of energy equity and access, and to do it in a manner that is sustainable and environmentally friendly i.e., good for the planet.” Teams from small and large companies, entrepreneurial start-ups, research institutions, and university students from different parts of the world will provide regional and cultural relevance to the solutions and are all invited to participate.
Please visit www.empowerabillionlives.org to learn more about Empower a Billion Lives II, to view the past winners, and to find out about how to compete in or to become a sponsor.
The Institute of Electrical and Electronics Engineers (IEEE) is the world’s largest technical organization with over 400,000 members/volunteers in 160 countries. The IEEE Power Electronics Society has over 30 years’ experience in facilitating and guiding the development and innovation in the control of electrical power for a wide variety of consumer, commercial, industrial, utility, transportation, and renewable energy applications.
Media: Jane Celusak
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732-562-5316
WYOMISSING, Pa.--(BUSINESS WIRE)--#CayugaRNG--Cayuga RNG Holdings, LLC (“Cayuga RNG”) announced today that it has entered into an agreement to develop its second project to produce renewable natural gas (“RNG”) in upstate New York. This is in addition to the previously announced Spruce Haven Farm initiative. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI Corporation (NYSE: UGI), and Global Common Energy, LLC (“GCE”).
As previously announced, Cayuga RNG’s first project is being developed at the Spruce Haven Farm (“Spruce Haven”), located in Cayuga County in the Finger Lakes region of New York. The project incorporates an existing anaerobic digester that generates biogas, which is used to produce renewable electricity, and is expected to be completed in the second half of calendar year 2022. Cayuga RNG contracted with Martin Construction Resource, LLC, an industry-leading supplier of RNG equipment, for the gas upgrading equipment at Spruce Haven.
Cayuga RNG’s second project will be located at Allen Farms, which is approximately five miles from Spruce Haven. Allen Farms has contracted with Cayuga RNG to supply dairy waste that will serve as the feedstock for renewable natural gas. The project will include the construction of an anaerobic digester and a combined heat and power project. Once completed in the second half of calendar 2022, the project is expected to produce 85 million cubic feet of environmentally friendly RNG each year. Cayuga RNG is actively pursuing several other projects in the region. GHI Energy, a UGIES subsidiary, will be the exclusive off-taker and marketer of RNG for Cayuga RNG.
“We are very pleased with our expanding opportunities in the Finger Lakes region of New York,” said Robert F. Beard, Executive Vice President, Natural Gas. “Our growing investment in Cayuga RNG demonstrates UGI’s continuing commitment to the development of environmentally responsible energy sources and is consistent with our stated goal of significantly reducing greenhouse gas emissions. Overall, this brings UGI’s total commitment to renewable natural gas projects to over $100 million.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States, California, and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
About GCE
GCE designs, develops, owns and operates various energy projects, including utility scale power plants, renewable fuels projects, microgrids, and on-site generation projects. GCE establishes Strategic Energy Partnerships with our clients to design and implement energy projects that meet their business objectives. GCE has a broad range of experience in all aspects of energy project design, development and financing. GCE has performed innovative feasibility studies and project design; negotiated project agreements needed to enable financing, including complex power purchase agreements (PPAs); engineering, procurement, and construction (EPC) contracts; fuel supply agreements; and secured complex environmental permits in challenging regulatory environments. GCE also has extensive experience developing financial models and securing project financing.
Comprehensive information about GCE is available on the Internet at http://globalcommon.com/
About Spruce Haven Farm
Spruce Haven, a family farm founded in 1987 by Doug and Janet Young, along with Janet’s father, Dave Camp, and currently operates with nearly 2,000 cows and 1,700 heifers.
Spruce Haven works toward responsible and sustainable farming, acting as a research and development center for the dairy industry. The research at Spruce Haven Farm has contributed to products improving dairy performance globally. Spruce Haven also works to improve the lives of its employees and families both in their neighborhood and in Guatemala.
See their website http://pursuehappiness.farm for details of their goals and progress.
About Allen Farms
Allen Farms, established in the early 1950s, is owned and operated by Duane Allen and his brother Gary Allen. The Allen Farms facility in Scipio, New York currently operates with approximately 3,000 cows and 2,000 heifers.
Allen Farms advocates for land stewardship and resource conservation. They appreciate the opportunity to contribute to environmentally attractive energy development and believe that their RNG project will demonstrate how larger dairy farms can benefit both their employee families and many others through their small contribution to reduction of atmospheric methane impacts.
Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced recent upgrades by Moody’s Investors Service (“Moody’s”) to the Company’s corporate credit rating and senior unsecured notes.
On September 1, 2021, Moody’s upgraded Matador’s Corporate Family Rating (CFR) from B2 to B1 and upgraded Matador’s senior unsecured notes from B3 to B2. Moody’s also upgraded Matador’s Speculative Grade Liquidity (SGL) rating from SGL-3 to SGL-2 to reflect good liquidity. In its September 1, 2021 press release, Moody’s noted, “The upgrade reflects Matador’s improved cost structure and enhanced free cash flow generation capabilities that should facilitate further deleveraging and volume growth through 2022 in a supportive oil price environment.”
Joseph Wm. Foran, Matador’s Chairman and CEO, commented, “We are very pleased with Moody’s upgrades to our corporate family rating and senior unsecured notes, which reflect our ongoing commitment to repaying debt and strengthening our balance sheet. This upgrade also reflects our strong operational execution. We expect to make additional progress on repaying debt during the third quarter of 2021 and look forward to sharing those results and our operational progress as part of our third quarter earnings release in late October.”
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, increases in its borrowing base and otherwise; weather and environmental conditions; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand, oil and natural gas prices and its business; the operating results of the Company’s midstream joint venture’s Black River cryogenic natural gas processing plant; the timing and operating results of the buildout by the Company’s midstream joint venture of oil, natural gas and water gathering and transportation systems and the drilling of any additional produced water disposal wells; and other important factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Mac Schmitz
Capital Markets Coordinator
(972) 371-5225
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The company announces an additional $500,000 contribution after the storm’s remnants hit the Northeast
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) today announced it will contribute an additional $500,000 to the American Red Cross to assist relief efforts in the states affected by Hurricane Ida and its remnants. The latest donation brings the company’s total contribution to the organization’s Ida relief efforts to $1 million.
“We want those affected by Ida to know they are not alone,” said Phillips 66 Chairman and CEO Greg Garland. “The Red Cross is at the fore as the American people and industry marshal resources to help people recover and rebuild, and we are proud at Phillips 66 to support those efforts.”
The storm made landfall on Aug. 29 as a powerful Category 4 hurricane, knocking out power across Louisiana and bringing devastating floodwaters before continuing its march north. Phillips 66 operates assets in both Louisiana and New Jersey, and has confirmed that all of its employees in the affected areas are accounted for and safe.
“The American Red Cross, our volunteers and partners are working around the clock to provide help and hope to thousands of people impacted by Hurricane Ida,” said Gail McGovern, president and CEO of the American Red Cross. “We cannot thank Phillips 66 enough for their generosity, which will enable us to provide shelter, relief supplies, food and comfort to families as they begin to rebuild their lives after this catastrophic storm.”
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $57 billion of assets as of June 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
Bernardo Fallas (media)
855-841-2368
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Stations Will Allow Guests to Conveniently Stay Charged While Visiting Their Favorite Six Flags Park
SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, is partnering with Six Flags Entertainment Corporation, the world’s largest regional theme park company and the largest operator of waterparks in North America, to make EV charging accessible to its guests at their parks across the United States.
Six Flags’ strategy centers around modernizing the guest experience through technology. Installing EV charging stations is the latest step towards the company’s vision to be the preferred regional destination for entertainment and its commitment to environmental sustainability. At the forefront of innovation in the industry, Six Flags is the first theme park company to have Volta charging stations available to its guests. The first charging stations will be installed at Six Flags America, just outside of Washington, D.C., with more parks to follow.
Stephanie Borges, Six Flags vice president of strategic marketing and partnerships, added, “Six Flags is committed to incorporating technology that elevates our guests’ experiences through innovation. The partnership with Volta will enable us to provide a unique offering for our guests, while also supporting our sustainability initiatives.”
Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies, retailers and other entertainment locations.
“We are thrilled to partner with a leader in theme parks and entertainment to fulfill their guests' needs for EV charging and contribute to their sustainability goals,” said Scott Mercer, Founder and CEO of Volta. “We aim to provide easy, open and accessible EV charging stations where people already live, work, shop and play. Our Six Flags partnership illustrates just that.”
About Volta
Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest regional theme park company with 27 parks across the United States, Mexico and Canada. For nearly 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. For more information, visit www.sixflags.com.
Goodman Media International, Inc.
Sabrina Strauss
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it is hosting virtual investor meetings at the Barclays CEO Energy–Power Conference Wednesday, September 8, 2021.
The latest investor deck, which may be used to facilitate investor meetings, can be accessed under the Investors tab on the Enterprise website.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations, (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.
BRISBANE, Australia--(BUSINESS WIRE)--Tritium Holdings Pty Ltd (“Tritium”), a global developer and manufacturer of direct current (“DC”) fast charging technology for electric vehicles (“EVs”), today announced a AUD$40 million private placement by Cigna Investments, Inc. (“Cigna”), the investment arm of Cigna Corporation, a U.S.-based global health services company.
Tritium intends to use the proceeds from the private placement to continue scaling its global operations, including production, sales and administrative support, during its ongoing business combination with Decarbonization Plus Acquisition Corporation II (“DCRN”) (NASDAQ: DCRN, DCRNW, DCRNU), which was announced on May 26, 2021, in an effort to satisfy Tritium’s existing order backlog from its customers.
“This is a fantastic show of support for Tritium and underscores the ongoing enthusiasm our investors have in the company’s future,” said David Toomey, Tritium’s Chief Revenue Officer and Head of Corporate Development. “Cigna has again recognised the value of Tritium’s technology and market leadership in this rapidly expanding industry.”
This is the second private placement financing by Cigna, following a June 2020 private placement of AUD$45 million.
“This is a welcome capital injection as the company continues to expand,” said Tritium CEO Jane Hunter. “With this investment, we intend to scale our teams and operations to meet current demand and prepare for our next phase of growth.”
Tritium believes it is a leader on the global stage in a number of mature EV markets, such as Norway and California. Founded in Brisbane and having already deployed more than 4,500 charging stations, Tritium has provided more than 2.7 million high-power charging sessions across 41 countries, delivering an aggregate of over 55 GWh of energy. The company’s intellectual property includes the world’s only fully liquid-cooled, IP65-rated charger technology, providing customers with a product that is ingress-protected and sealed from outside elements, which may reduce the total cost of ownership.
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium's compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2021.
For more information, visit tritiumcharging.com
About Decarbonization Plus Acquisition Corporation II
Decarbonization Plus Acquisition Corporation II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a target whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors. These include the energy and agriculture, industrials, transportation and commercial and residential sectors. DCRN is sponsored by an affiliate of Riverstone Holdings LLC and represents a further expansion of Riverstone's 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than US$5 billion of equity invested in renewables.
No Offer or Solicitation
This document does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination (as defined below). This document also does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Forward-Looking Statements
Certain statements made in this document are “forward-looking statements” with respect to the proposed transaction (the “Business Combination”) between DCRN, Tritium and Tritium DCFC Limited, an Australian public company limited by shares (“NewCo”), and including statements regarding the benefits of the Business Combination, the anticipated timing of the Business Combination, the services offered by Tritium and the markets in which it operates, and NewCo’s projected future results. These forward-looking statements generally are identified by the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “targets”, “may,” “will,” “should,” “would,” “will be,” “will continue,” “will likely result,” “future,” “propose,” “strategy,” “opportunity” and variations of these words or similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or are not statements of historical matters are intended to identify forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, guarantees, assurances, predictions or definitive statements of fact or probability regarding future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NewCo’s, Tritium’s or DCRN’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to complete the Business Combination in a timely manner or at all (including due to the failure to receive required stockholder or shareholder, as applicable, approvals, or the failure of other closing conditions such as the satisfaction of the minimum trust account amount following redemptions by DCRN’s public stockholders and the receipt of certain governmental and regulatory approvals), which may adversely affect the price of DCRN’s securities; the inability of the Business Combination to be completed by DCRN’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by DCRN; the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination; the inability to recognize the anticipated benefits of the proposed Business Combination; the inability to obtain or maintain the listing of NewCo’s shares on a national exchange following the proposed Business Combination; costs related to the proposed Business Combination; the risk that the proposed Business Combination disrupts current plans and operations, business relationships or business generally as a result of the announcement and consummation of the proposed Business Combination; NewCo’s ability to manage growth; NewCo’s ability to execute its business plan and meet its projections; potential disruption in NewCo’s employee retention as a result of the Business Combination; potential litigation, governmental or regulatory proceedings, investigations or inquiries involving NewCo, Tritium or DCRN, including in relation to the Business Combination; changes in applicable laws or regulations and general economic and market conditions impacting demand for Tritium’s or NewCo’s products and services; and other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the proposed Business Combination, including those under “Risk Factors” therein, and in DCRN’s other filings with the Securities and Exchange Commission (the “SEC”). Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statement, and NewCo and DCRN assume no obligation and do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither NewCo nor DCRN gives any assurance that either NewCo or DCRN will achieve its expectations.
Additional Information about the Business Combination and Where to Find It
In connection with the proposed Business Combination, DCRN and NewCo, which will be the going-forward public company, intend to file a registration statement on Form F-4 (the “Registration Statement”) with the SEC, which will include a proxy statement/prospectus, and certain other related documents, to be used at the meeting of stockholders to approve the proposed Business Combination. INVESTORS AND SECURITY HOLDERS OF DCRN ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS THERETO AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRITIUM, DCRN, NEWCO AND THE BUSINESS COMBINATION. The proxy statement/prospectus will be mailed to stockholders of DCRN as of a record date to be established for voting on the proposed Business Combination. Investors and security holders will also be able to obtain copies of the Registration Statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov.
Participants in Solicitation
DCRN and its directors and executive officers may be deemed participants in the solicitation of proxies from DCRN’s stockholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in DCRN is contained in DCRN’s filings with the SEC, including DCRN’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 31, 2021, and is available free of charge at the SEC’s web site at www.sec.gov. Additional information regarding the interests of such participants will be set forth in the Registration Statement for the proposed Business Combination when available. NewCo and Tritium and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of DCRN in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination will be contained in the Registration Statement for the proposed Business Combination when available.
Tritium Media Contact
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Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
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Former ENGIE Chief Science and Technology Officer Joins EIP to Strengthen Research Team
NEW YORK--(BUSINESS WIRE)--Energy Impact Partners (EIP), a global investment firm leading the sustainable energy transition, today announced that Dr. Michael E. Webber has joined the team as Chief Technology Officer (CTO).
The addition of Dr. Webber to EIP’s in-house research and innovation team will expand its technical depth providing further insights for EIP’s investors, strategic partners and portfolio companies. With Dr. Webber’s deep technical expertise, he will also strengthen EIP’s strategy and diligence capabilities, focusing on the firm’s efforts to invest in revolutionary climate technologies.
With over 25 years of experience in technology, industrial instrumentation, and the energy sector, Dr. Webber’s expertise spans research and education at the convergence of engineering, policy, and commercialization on topics related to innovation, energy, and the environment. Prior to joining EIP, Dr. Webber served as Chief Science and Technology Officer at ENGIE, a global energy and infrastructure services company based in Paris, France where he also served on the investment committee of their venture arm. He is currently also the Josey Centennial Professor in Energy Resources at the University of Texas at Austin.
Dr. Webber has authored more than 400 publications, holds 6 patents, and serves on the advisory board for Scientific American, GTI (formerly known as the Gas Technology Institute), and Sustainable America (a non-profit dedicated to reducing fuel consumption and food waste). He helped lead UT Austin’s Clean Energy Incubator from 2008-2018. He was selected as a Fellow of ASME and as a member of the 4th class of the Presidential Leadership Scholars, which is a leadership training program organized by Presidents George W. Bush and William J. Clinton.
Dr. Webber earned a B.S. and B.A. from UT Austin, and M.S. and Ph.D. in mechanical engineering from Stanford University.
“We are humbled and thrilled to see Dr. Webber join our team. His unique expertise and experience in revolutionary technologies fighting climate change will be a great asset for our investment teams, strategic partners and portfolio companies,” said Hans Kobler, Founder and Chief Executive Officer at EIP. “We are looking forward to doing great deals together.”
“EIP brings a long-term perspective and a global view to the challenges of deep decarbonization and has established an excellent reputation for their thorough diligence, extensive pipeline of opportunities, and careful stewardship of investment. It’s rare to see a platform combine an eagerness for cutting-edge revolutionary innovations with a patient timeline for success that rests on a solid technical understanding of the underlying science and engineering fundamentals. I really look forward to joining the team of bright, passionate experts,” said Dr. Michael E. Webber, Chief Technology Officer at EIP.
Dr. Webber complements the recent addition of Dr. Gregory Thiel as the firm’s Director of Technology on EIP’s research and innovation team, an industry leading team focused on providing transformative insights for EIP’s partners, portfolio companies and investments.
About Energy Impact Partners
Energy Impact Partners (EIP) is a global investment platform leading the transition to a sustainable energy future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $2.0 billion in assets under management, EIP invests globally across venture, growth, credit and infrastructure – and has a team of more than 50 professionals based in its offices in New York, San Francisco, Palm Beach, London and Cologne. For more information on EIP, please visit www.energyimpactpartners.com.
Tori McDonnell
Silverline Communications – on behalf of EIP
703-338-2362
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Six-camera system maximizes visibility around the vessel for unprecedented situational awareness and convenience in tight maneuvering situations
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s largest1 and most innovative marine electronics manufacturer, today announced the Garmin Surround View Camera System, a breakthrough in video guidance for recreational boating and yachting. Utilizing six through-hull mounted cameras that act like multiple sets of eyes, Surround View provides a live 360-degree bird’s-eye view around the vessel to help captains quickly view their vessel’s perimeter during low-speed maneuvers, such as docking, from the helm.
See Surround View in action here.
“Our innovative Surround View brings the comforts and conveniences our customers rely on in their vehicles to the helm of their yacht to help captains see as much of their environment as possible for easier maneuvering on the water,” said Dan Bartel, Garmin vice president of global consumer sales. “Until now, no other marine camera technology has offered a true 360-degree bird’s-eye view, a vantage point that can help reduce the stress of docking and navigating marinas, narrow causeways and busy channels by giving captains a live look at their surroundings.”
Maximized visibility at the helm
The technology uses six 1080p cameras located around the vessel: a forward-looking camera at the bow, a rear-looking camera on the aft, and two side-looking cameras on both the port and starboard sides. When the system is engaged, it displays a full overhead stitched image with 360-degree real-time video views from around the vessel directly to compatible Garmin chartplotters or multi-function (MFD) helm displays. Designed to maximize visibility and minimize blind spots, captains can view one or two cameras simultaneously with the bird’s-eye image, and even zoom in and pan around on an area of interest from any of the individual camera views.
Additionally, the Surround View Camera System provides a number of augmented reality features for increased situational awareness and collision avoidance, including:
Seamless integration and streamlined aesthetics
Designed for a broad range of boats, the Surround View cameras have a low-profile for OEM factory-installed through-hull mounting that blends functionality with streamlined aesthetics. A compatible Garmin chartplotter or MFD, including the GPSMAP® 8400/8600, GPSMAP 7x3/9x3/12x3 series or the Volvo Penta Glass Cockpit System, is required.
The Garmin Surround View Camera System will be demonstrated at the Cannes Yachting Festival, Sept. 7-12, 2021 (Garmin stand, PAN 341), and again at the Fort Lauderdale Boat Show, Oct. 27-31, 2021. It’s available now on new builds from Garmin’s boat building partners. To learn more, visit garmin.com/SurroundView.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the sixth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Navionics® and Fusion®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, email the Media Relations department at This email address is being protected from spambots. You need JavaScript enabled to view it., or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin and linkedin.com/company/garmin.
1 Based on 2020 reported sales
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, GPSMAP, Navionics and Fusion are registered trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 26, 2020, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Carly Hysell
913-397-8200
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has signed an agreement with an independent validator, non-profit MiQ, to begin the certification process for natural gas produced at its Permian Basin facilities at Poker Lake, New Mexico. Certified natural gas validates emissions reduction efforts and helps customers meet their emissions goals.
MiQ is a partnership between RMI, formerly the Rocky Mountain Institute, and SYSTEMIQ, a global sustainable development consultancy. It developed and maintains the “MiQ Standard,” a framework that assesses and grades methane intensity, enhanced monitoring technology deployment, and operating practices that promote a culture of emissions management and continuous improvement. A MiQ accredited independent auditor performs the assessment, and MiQ issues tradeable certificates based on the grade achieved.
“We are reducing methane emissions responsibly and economically, and by working with MiQ, we can provide our customers with credible third-party validation of those efforts,” said Bart Cahir, senior vice president of unconventional at ExxonMobil. “As we improve our operations, certifying our natural gas will help our customers achieve their goals and support a lower-carbon future.”
ExxonMobil has selected Poker Lake for certification because of the wide range of technology solutions already in place, scale advantages, proximity to nearby markets, and growth potential as production in New Mexico increases. The company has expanded use of aerial LiDAR™ imaging and SOOFIE methane detection technologies in the region and is evaluating additional next-generation applications, including satellites and artificial intelligence, as part of its ongoing initiatives to find smarter and faster ways to detect and mitigate emissions.
Approximately 200 million cubic feet of natural gas per day from Poker Lake will be assessed and certified. The certified natural gas could be available to customers by fourth quarter 2021. ExxonMobil is considering expanding certification to include other Permian Basin fields and shale production areas, including Appalachia and Haynesville.
“We’re pleased to be working with ExxonMobil at Poker Lake and look forward to a fruitful long-term partnership that creates a differentiated, more transparent and cleaner gas market,” said Georges Tijbosch, senior advisor at MiQ. “These steps and the rapid reduction of methane emissions is critical to the world achieving its climate goals.”
ExxonMobil exceeded its goals to reduce methane emissions by 15 percent and flaring by 25 percent by year-end 2020, compared to 2016 levels. The company has conducted more than 23,000 voluntary methane leak surveys across more than 9,500 sites and eliminated all high-bleed pneumatic devices across its U.S. unconventional production.
ExxonMobil has previously announced plans to further reduce greenhouse gas emissions in its operations by 2025, compared to 2016 levels. The plans include a 15 to 20 percent reduction in greenhouse gas intensity of upstream operations. The reductions will be supported by a 40 to 50 percent reduction in methane intensity and a 35 to 45 percent reduction in flaring intensity. The company aims for industry-leading greenhouse gas performance across its businesses by 2030.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Cautionary Statement
Outlooks; projections; goals; descriptions of strategic plans and objectives; plans to reduce future emissions intensity and the expected resulting absolute emissions reductions; emission profiles of future developments; methane capture and leak results from operational and technology efforts; the effectiveness of third party certifications; energy market evolution; and other statements of future events or conditions are forward-looking statements. Actual future results could differ materially due to a number of factors. These include the development and pace of supportive market conditions and national, regional and local policies relating to emission reductions, including methane leaks; changes in laws and regulations including laws and regulations regarding greenhouse gas emissions, carbon costs, and taxes; trade patterns and the development and enforcement of local, national and international mandates and treaties; unforeseen technical or operational difficulties; the ability to bring new technologies to commercial scale on a cost-competitive basis, including large-scale hydraulic fracturing projects and methane leak detection technologies; changes in supply and demand and other market factors affecting future prices of oil, gas, and petrochemical products; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.
ExxonMobil Media Relations
972-940-6007
HOUSTON & SAN ANTONIO--(BUSINESS WIRE)--Liquids terminaling and logistics company Moda Midstream, LLC (“Moda”) and Moda’s financial sponsor EnCap Flatrock Midstream (“EFM”) today announced they have entered into a definitive agreement to sell the Moda Ingleside Energy Center (“MIEC”) and other Moda assets to Enbridge Inc. (NYSE, TSX: ENB) for an enterprise value, net of working capital and cash, of approximately $3 billion, subject to closing adjustments.
Located in Ingleside, Texas, MIEC is the nation’s largest crude export terminal by volume, having loaded more than 25 percent of all U.S. Gulf Coast crude exports in 2020. MIEC has an aggregate storage capacity of more than 15 million barrels and an export capacity of 1.6 million barrels per day. The asset serves as a critical link connecting Permian and Eagle Ford production to international markets. MIEC’s proximity to open water combined with its very large crude carrier (VLCC) capability and rapid loading rates position it globally as one of the most important export facilities in the world. MIEC provides customers an unparalleled advantage due to its wellhead-to-water access and direct connectivity to next-generation long-haul crude pipelines, including Cactus I, Cactus II, Gray Oak, EPIC and the Harvest Ingleside pipeline.
Other assets included in the transaction are Moda’s Taft Terminal located near MIEC; a minority, non-operating interest in the Cactus II Pipeline; a 100 percent interest in Moda’s Viola Pipeline; and Moda’s St. James Development Project, a brownfield joint-development opportunity to build independent third-party logistics solutions for customers in the St. James, Louisiana, area. Both the Cactus II and Viola pipelines connect to MIEC.
At closing, Moda Executive Vice President, COO and Founder Javier del Olmo will join Enbridge as Vice President, USGC Terminaling Operations. Key Moda personnel and the entire MIEC team will join Mr. del Olmo at Enbridge as the core of the new USGC Terminaling team in Enbridge’s Liquids Pipelines business unit. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close by the end of this year.
Moda and EFM will retain ownership in Vopak Moda Houston, a world-class deepwater storage and terminaling facility in the Port of Houston, the number one port in the United States in terms of total waterborne tonnage and home to the nation’s largest and world’s second-largest petrochemical complex. Vopak Moda Houston is the first greenfield terminal development in the port in more than a decade and will serve as a vital growth platform for its joint-venture partners, Royal Vopak and Moda Midstream.
Vopak Moda Houston recently commissioned its deepwater dock and has constructed storage and terminaling infrastructure for its industrial gas product line. Moda’s success in Houston is a testament to the determination and hard work across the organization since the formation of Vopak Moda Houston. Moda is confident the team will continue to provide new innovative liquids supply chain solutions and support for customers’ energy transition logistics needs by capitalizing on Vopak Moda Houston’s strong foundation and ideal location.
To execute on continued growth at Vopak Moda Houston and other terminaling opportunities, Moda Midstream President, CEO and Founder Bo McCall will become Chairman of Moda Midstream, and current Executive Vice President, CFO and Founder Jonathan Ackerman will serve as President and CEO. Ian Levine, Moda’s current Vice President of Corporate Strategy and Treasurer will become Vice President, Strategy and CFO.
From Moda Midstream
“MIEC is a flagship asset,” said Moda Midstream President, CEO and Founder Bo McCall. “We are very proud of the safe and responsible growth we have achieved since we purchased the asset less than three years ago. The site was originally designed by the U.S. Navy to support a carrier battle group and, despite the uncertainty following its closure, has developed into the nation’s largest exporter of crude oil, creating jobs and economic prosperity for the Coastal Bend. I want to congratulate everyone on the Moda team for their excellent work and many accomplishments. We are all excited to watch and support MIEC’s continued development and operational excellence under the ownership of a world-class company like Enbridge.”
From EnCap Flatrock Midstream
“When we first backed the Moda management team, we had high expectations of what this talented group would achieve,” said EnCap Flatrock Managing Partner Billy Lemmons. “Bo, Jon, Javier and their outstanding team have exceeded our every expectation. This is a significant transaction that will produce strong results for our investors and add value to Enbridge’s impressive asset portfolio. In addition, we are excited to continue our partnership with the Moda team to further enhance Vopak Moda Houston’s growth and development and explore new opportunities.”
Advisers
Credit Suisse Securities (USA) LLC acted as exclusive financial adviser to Moda, and Vinson & Elkins LLP acted as legal counsel. Shearman & Sterling acted as legal counsel to EnCap Flatrock. Barclays acted as financial adviser to Enbridge, and Sidley Austin LLP acted as legal counsel.
About Moda Midstream, LLC
Moda Midstream, LLC is a liquids terminaling and logistics company that provides independent terminal, storage and distribution solutions to refiners, petrochemical manufacturers, marketers and producers of crude oil, condensate, NGLs, refined products and other bulk liquids. Moda concentrates on providing safe, reliable solutions to third parties. Moda’s mission is to be the logistics and terminaling provider of choice. Moda is backed by EnCap Flatrock Midstream. Please visit www.modamidstream.com.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit www.efmidstream.com.
Casey Nikoloric, Managing Principal
TEN|10 Group, LLC
303.433.4397, x101 o
303.507.0510 m
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Validere’s Product Data Cloud integration enables the digital tracking and registering of gas origin and emissions intensity in landmark transaction
TORONTO--(BUSINESS WIRE)--#ESG--Validere, a leader in bringing product-data transparency to the oil and gas industry, has collaborated with Xpansiv to facilitate a landmark Responsibly Sourced Gas Agreement, the first of its kind to validate and register the origin, energy content, and methane intensity of the gas, all derived from independent data sources.
Validere’s Product Data Cloud creates a universal data layer that connects, tracks and audits commodities data, enabling primary measurements and certificates to be attached to specific molecules. This immutable data feeds into the Xpansiv Registry to provide data transparency, helping the industry make better decisions and transition toward a lower-carbon economy.
“Accelerating the energy transition requires real-time, accurate data tracking and insights,” said Nouman Ahmad, co-founder and CEO, Validere. “We’re proud to provide the foundational data layer that enables the industry to track each molecule. Partners like Xpansiv help us certify environmentally sourced products through its pioneering digital registry—including the recently announced responsibly sourced gas transaction.”
“Our partnership with Validere makes it possible for industry participants to differentiate their products based on ESG factors, including methane emissions,” said Andrew Pisano, head of XRegistries at Xpansiv. “It is central to our mission of bringing transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world.”
About Validere
Validere provides the only product data cloud for the oil and gas industry. Its platform delivers real-time visibility into the true composition and quality of oil and gas that enables organizations to identify operational efficiencies, make the highest-margin trading decisions, and drive tangible ESG improvements. With more than 40 of North America’s leading energy companies relying on Validere’s insights, it is transforming the world’s largest supply chain by making critical product quality data accessible and actionable.
About Xpansiv
Xpansiv is the global marketplace for ESG-inclusive commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the leading spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas™; H2OX, the leading spot exchange for water in Australia; XSignals, which provides end-of-day and historical market data; and EMA, the leading multi-registry portfolio management system for all ESG-inclusive commodities. Xpansiv is the digital nexus where ESG and price signals merge.
Media:
Erin Farrell Talbot
Farrell Talbot Consulting
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Ben Tao
Validere
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Xpansiv
Rob Dalton
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WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon negative materials company, announced today that it has been awarded The Sustainability Leadership Award by the Business Intelligence Group’s 2021 Sustainability Awards program.
The Sustainability Awards honor those who have made sustainability an integral part of their business practice. The award assessment process aims to determine the value of the given sustainability goal, as well as what makes the company’s approach unique and what success they have had in achieving their goal. Origin Materials received the award for its patented, category-leading breakthrough technology built around converting low-cost, non-food feedstock into decarbonized, supply chain ready materials.
“Now more than ever, companies must leverage their collective expertise to make the shared vision of net-zero carbon a reality. Origin’s mission is to enable the world’s transition to sustainable materials as the leading carbon negative materials company. Recognition by the Business Intelligence Group is a testament to our long-term commitment to sustainability and is validation of our mission,” said Origin Materials co-CEO Rich Riley. “We are honored to be recognized alongside so many incredible companies and to accept this award.”
“We are proud to reward and recognize Origin Materials for their sustainability efforts,” said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. “It was clear to our judges that their vision and strategy will continue to deliver results toward a cleaner, more sustainable world. Congratulations!”
For-profit and not-for-profit organizations of all sizes and across all industries were considered for the Sustainability Leadership Award, with only 20 honorees recognized with an award. Past honorees of the BIG Sustainability Awards include PepsiCo, Procter & Gamble, John Deere, General Motors, Dow and Bausch & Lomb. For a full list of award winners, visit: URL.
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the world's leading carbon negative materials company. Origin’s mission is to enable the world’s transition to sustainable materials. Over the past 10 years, Origin has developed a platform for turning the carbon found in inexpensive, plentiful, non-food biomass such as sustainable wood residues into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a ~$1 trillion addressable market. In addition, Origin’s technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors.
For more information, visit www.originmaterials.com.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy, commercial and operating plans and product development plans. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Origin Materials and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Origin Materials. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may be unable to successfully commercialize its products; the effects of competition on Origin Materials’ business; disruptions and other impacts to Origin Materials’ business as a result of the COVID-19 pandemic and other global health or economic crises; changes in customer demand; and those factors discussed in the prospectus filed with the SEC on July 30, 2021 under the heading “Risk Factors,” and other documents Origin Materials has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Origin Materials presently does not know, or that Origin Materials currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Origin Materials’ expectations, plans, or forecasts of future events and views as of the date of this press release. Origin Materials anticipates that subsequent events and developments will cause its assessments to change. However, while Origin Materials may elect to update these forward-looking statements at some point in the future, Origin Materials specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Origin Materials
Investors:
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Maria Jimenez
Chief Nominations Officer
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1 (909) 529-2737
By signing up with the renewable energy retailer and going green, new customers will receive full access to Amazon Prime’s fast, free delivery, exclusive deals and discounts, entertainment, and more
HOUSTON--(BUSINESS WIRE)--Renewable energy retailer Octopus Energy today announced that new customers can enjoy a year-long, complimentary membership to Amazon Prime after signing up for cheaper, greener energy. Customers can sign up at octopusenergy.com.
With a technology-forward approach, Octopus Energy is driving the smart grid and accelerating the green energy transition by providing customers with access to cheaper electricity when renewable energy is abundant, while also enhancing customer experiences. As part of that experience, new Octopus Energy customers will now have the opportunity to enjoy the best of shopping, savings and entertainment from Amazon with Prime membership, including unlimited fast, free delivery; ultrafast grocery delivery and pick-up; award-winning movies and TV episodes with Prime Video; free books, games and music; and photo storage, exclusive savings and so much more.
“Expanding access to renewable energy, while providing consumers with top-tier customer service, has been our mission from day one,” said Michael Lee, CEO of Octopus Energy. “We are happy to work with Amazon Prime to invite more Texans to take advantage of our affordable, clean energy plans and reward customers with Prime membership to enjoy their favorite movies, music, books, shows and more.”
As part of its customer-first approach, Octopus Energy also recently introduced Superpower Savings, a new program that financially rewards customers who conserve energy during times of extreme heat. In addition, Octopus Energy has gained eight accolades for outstanding service in 2020 alone and Octopus Energy is the only energy supplier to ever gain the Which? Recommended award four years in a row.
To sign up for Octopus Energy, you can visit www.octopusenergy.com or reach out to This email address is being protected from spambots. You need JavaScript enabled to view it..
About Octopus Energy
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying over 2 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded five years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at over $2 billion and is one of energy-tech’s fastest-growing private companies. To learn more, visit: www.octopusenergy.com
Every Day Made Better with Prime
Prime offers the best of shopping, savings and entertainment to more than 200 million paid members around the world. In the U.S. that includes unlimited access to award-winning movies and TV episodes with Prime Video, ad-free listening of 2 million songs plus thousands of stations and playlists with Amazon Music, free games with Prime Gaming, more than 3,000 books and magazines with Prime Reading, unlimited photo storage with Amazon Photos, and incredible savings with Prime Day. Prime was built on the foundation of unlimited fast, free shipping. Prime members enjoy ultrafast grocery delivery and pickup from Amazon Fresh and Whole Foods Market in more than 5,000 cities and towns, free Same-Day Delivery on millions of items in 47 major metropolitan areas, and free One-Day Delivery on more than 10 million items coast to coast. Prime members also receive free two-day delivery on prescriptions from Amazon Pharmacy and prescription savings at more than 60,000 participating pharmacies in the U.S. To join Prime or start a free trial, visit amazon.com/prime.
Joe Ciccarello
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Dave Wilson, Vice President of Investor Relations; and other members of H&P management are scheduled to participate in the following investor conferences during September 2021. Participation by the management team may vary by event.
Investor slides to be used during the conferences will be available for download on the company’s website, within Investors, under Presentations, the morning of September 9, 2021.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced that Wahid Nawabi, president and chief executive officer, Kevin McDonnell, senior vice president and chief financial officer, and Jonah Teeter-Balin, senior director corporate development and investor relations, will present at the RBC Capital Markets Global Industrials Virtual Conference on Friday, September 10, 2021 at 8:20 a.m. PT / 11:20 a.m. ET, as well as the Raymond James Defense and Government Services Conference at Nationals Park, Washington D.C. on Thursday, September 23, 2021.
Live audio webcasts of the presentations will be made available in the Events and Presentations section of the AeroVironment website at https://investor.avinc.com/events-and-presentations. A replay of the webcasts will be available for 90 days.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. For more information, visit www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Jonah Teeter-Balin
+1 (805) 520-8350 x4278
https://investor.avinc.com/contact-us
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