Bollinger Lockport reopened October 10^th after a three week shutdown due to sustaining significant damage in Hurricane Ida

USCGC John Scheuerman is the fifth of six cutters destined for overseas operations in Manama, Bahrain

LOCKPORT, La.--(BUSINESS WIRE)--Bollinger Shipyards LLC (“Bollinger”) has delivered the newest Sentinel-class Fast Response Cutter (“FRC”), the USCGC John Scheuerman, to the U.S. Coast Guard in Key West, Florida nearly one week ahead of schedule despite a three week shutdown due to the significant damage sustained to Bollinger’s facilities during Hurricane Ida. The storm made landfall in late August near Port Fourchon, Louisiana as a powerful Category 4 storm. Bollinger’s facilities in Port Fourchon, Lockport, Houma and Larose suffered significant damage as a result of Hurricane Ida, which tied with last year’s Hurricane Laura and the Last Island Hurricane of 1856 as the strongest on record in Louisiana.

“While every delivery is meaningful, being able to deliver this vessel nearly a week early despite everything our crew has faced over the past month is nothing short of remarkable,” said Bollinger President & CEO Ben Bordelon. “We had folks who lost everything in that storm. Our yard where we build the FRCs took a beating and was shuttered for three weeks while we rebuilt. This vessel and this delivery is a win our folks really needed and it reflects the resilience, commitment and tenacity of the 650 skilled men and women that built it.”

On September 24^th, following an extensive multi‐week recovery and rebuilding effort, Bollinger welcomed employees back to all 11 of its facilities across Louisiana. Bollinger’s Lockport facility is home to the FRC program, which directly supports 650 jobs. The USCGC John Scheuerman departed Lockport on Monday, October 11^th for Bollinger’s Fourchon facility where it performed a shakedown exercise prior to dry docking for final inspection in preparation of its delivery. The Cutter departed Fourchon for Key West, FL on Sunday, October 17^th .

The USCGC John Scheuerman is the 169^th vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 46^th FRC delivered under the current program. The USCGC John Scheuerman is the fifth of six FRCs to be home-ported in Manama, Bahrain, which will replace the aging 110’ Island Class Patrol Boats, built by Bollinger Shipyards 30 years ago, supporting the Patrol Forces Southwest Asia (PATFORSWA), the U.S. Coast Guard’s largest overseas presence outside the United States.

U.S. Coast Guard Commandant Adm. Karl Schultz has previously lauded the “enhanced seakeeping capabilities” of the PATFORSWA-bound FRCs, saying the ships are going to be “game changing” in their new theater of operations. Last week, at the commissioning ceremony for the USCGC Emlen Tunnell—another Bahrain-based FRC—Adm. Schultz noted that these ships will “conduct maritime security operations, theater cooperation efforts, and strengthen partner nations’ maritime capabilities to promote security and stability in the region, as well as thwart the increasingly aggressive and dangerous maritime activities of the Iranian Revolutionary Guard Corps.” He went on to say that these FRCs are “a perfect complement to the capabilities of both the Navy and Marine Corps. United, we bring a range of maritime capabilities to employ across the cooperation-competition-lethality continuum.”

PATFORSWA is composed of six cutters, shoreside support personnel, and the Maritime Engagement Team. The unit’s mission is to train, organize, equip, support and deploy combat-ready Coast Guard Forces in support of U.S. Central Command and national security objectives. PATFORSWA works with Naval Forces Central Command in furthering their goals to conduct persistent maritime operations to forward U.S. interests, deter and counter disruptive countries, defeat violent extremism and strengthen partner nations’ maritime capabilities in order to promote a secure maritime environment.

Each FRC is named for an enlisted Coast Guard hero who distinguished themselves in the line of duty. John Scheuerman, Seaman First Class, United States Coast Guard Reserve was posthumously presented the Silver Star Medal for service as set forth in the following citation: “For conspicuous gallantry and intrepidity in action while serving on board the U.S.S. LCI (L) 319 during the amphibious invasion of Italy, September 9, 1943. Observing an enemy fighter plane diving in for a strafing attack as his vessel approached the assault beaches in the Gulf of Salerno, Scheuerman unhesitatingly manned his battle station at an exposed antiaircraft gun and, with cool courage and aggressive determination, exerted every effort to direct accurate gunfire against the hostile aircraft. Although mortally wounded before he could deliver effective fire, he remained steadfast at his post in the face of imminent death, thereby contributing materially to the protection of his ship against further attack. Scheuerman’s fearless action, great personal valor and selfless devotion to duty under extremely perilous conditions were in keeping with the highest traditions of the United States Naval Service.” Scheuerman also posthumously received the Purple Heart Medal.

About the Fast Response Cutter Platform

The FRC is an operational “game changer,” according to senior Coast Guard officials. FRCs are consistently being deployed in support of the full range of missions within the United States Coast Guard and other branches of our armed services. This is due to its exceptional performance, expanded operational reach and capabilities, and ability to transform and adapt to the mission. FRCs have conducted operations as far as the Marshall Islands—a 4,400 nautical mile trip from their homeport. Measuring in at 154-feet, FRCs have a flank speed of 28 knots, state of the art C4ISR suite (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance), and stern launch and recovery ramp for a 26-foot, over-the-horizon interceptor cutter boat.

About Bollinger Shipyards LLC

Bollinger Shipyards LLC (www.bollingershipyards.com) has a 75-year legacy as a leading designer and builder of high performance military patrol boats and salvage vessels, research vessels, ocean-going double hull barges, offshore oil field support vessels, tugboats, rigs, lift boats, inland waterways push boats, barges, and other steel and aluminum products from its new construction shipyards as part of the U. S. industrial base. Bollinger has 11 shipyards, all strategically located throughout Louisiana with direct access to the Gulf of Mexico, Mississippi River and the Intracoastal Waterway. Bollinger is the largest vessel repair company in the Gulf of Mexico region.

Eric Bollinger
Vice President of Sales
Tel.: 985-532-2554
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

DONG NAI, Vietnam--(BUSINESS WIRE)--Sojitz Osaka Gas Energy Company Ltd. (“SOGEC”), a joint venture company^*1 between Sojitz Corporation (“Sojitz”) and Osaka Gas Co., Ltd. (“Osaka Gas”), has partnered with Looop Inc. (“Looop”) to establish a new joint venture company SOL Energy Company Limited (“SOL Energy”) as of October 21. Moving forward, SOL Energy will begin operations of a rooftop solar power generation business geared towards industrial and commercial customers in Vietnam.

SOL Energy’s solar power business will utilize financial support^*2 from the Ministry of the Environment of Japan’s Financing Programme for JCM Model Projects in FY2021,^*3 and this project will be conducted in cooperation with the Vietnamese and Japanese governments.

SOL Energy plans to install rooftop solar panels that can provide over 10MW of solar power to customers at the Sojitz-operated Long Duc Industrial Park in southern Vietnam’s Dong Nai Province. Installation of solar panels is expected to reduce CO₂ emissions for Long Duc Industrial Park as a whole by approximately 5,800 tons^*4 annually. In addition to supplying customers with solar power over the long term, SOL Energy will use the surplus electricity to supply the industrial park’s operating companies. In doing so, SOL Energy will contribute to utilization of renewable energy and decarbonization at the Long Duc Industrial Park.
The company also plans to expand its solar business beyond Long Duc Industrial Park.

In July 2020, Vietnam revised its greenhouse gas mitigation targets, raising its commitment to a 27% ^*5 reduction of GHG emissions to be realized by 2030 with international support, which includes Joint Credit Mechanism projects. Sojitz, Daigas Group (an Osaka Gas group brand), SOGEC, and Looop will actively promote the spread of renewable energy through SOL Energy’s rooftop solar power generation business, thereby contributing to Vietnam’s sustainable development and the realization of a low-carbon society.

*1: Equity ownership of Sojitz Osaka Gas Energy Company Ltd.: Sojitz Group 51%, Osaka Gas Singapore Pte. Ltd. 49%. (Osaka Gas Singapore Pte. Ltd. is a fully owned subsidiary of Osaka Gas Co., Ltd.)

*2: Ministry of the Environment, Japan has been implementing the “JCM Model Projects,” which provides financial supports covering up to half of the initial investment costs. The purpose of this model projects is to financially support the implementation of projects which reduce GHG emissions by utilizing leading decarbonizing technologies in developing countries, and in return, to acquire JCM credits for achievement of Japan’s GHG emission reduction and the partner countries’ emission reduction target.

*3: With the installation of rooftop solar panels (9,800kW) at Long Duc Industrial Park, Osaka Gas received financial support as the representative participant for the project, which was selected by the Ministry of the Environment of Japan (MOEJ) under the Financing Programme for JCM Model Projects in FY2021 on September 27, 2021. The Project Title is “Introduction of 9.8 MW Rooftop Solar Power System in Industrial Park”.

*4: Among this, expected GHG Emission Reductions from the JCM Model project is 4,254 tCO2-eq./year.

*5: Uses 2014 as the base year for GHG reduction targets

1. New Company Overview – SOL Energy Company Limited

2. Participating Companies

[For questions regarding this press release, contact:]
Sojitz Corporation PR Dept.
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) expects to declare the distribution attributable to the third quarter of 2021 after the close of trading on October 27, 2021.

The Company is scheduled to release details regarding its results for the third quarter of 2021 after the close of trading on November 1, 2021. A conference call to discuss these results is scheduled for November 2, 2021 at 9:00 a.m. Central time (10:00 a.m. Eastern time). The conference call will be broadcast live in listen-only mode on the company’s investor relations website at www.blackstoneminerals.com. If you would like to ask a question, the dial-in number for the conference call is 877-447-4732 for domestic participants and 615-247-0077 for international participants. The conference ID for the call is 4659348. Call participants are advised to call in 10 minutes in advance of the call start time.

A telephonic replay of the conference call will be available approximately two hours after the call through December 2, 2021, at 855-859-2056 for domestic replay and 404-537-3406 for international replay. The conference ID for the replay is 4659348.

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.

Black Stone Minerals, L.P. Contacts
Jeff Wood
President and Chief Financial Officer

Evan Kiefer
Vice President, Finance and Investor Relations
Telephone: (713) 445-3200
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Company executives to explore intersection of digitalization and artificial intelligence for enhanced customer experiences

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Executives from Bidgely and NiSource, one of the largest fully-regulated utility companies in the United States, will deliver the keynote session at the 24th Annual Chartwell’s EMACS: Customer Experience Conference. The session, “Executive Perspectives from NiSource and Bidgely on Delivering a Dynamic Customer Experience” will be presented by Ahbay Gupta, Bidgely’s co-founder and CEO, alongside Jennifer Montague, NiSource’s senior vice president and chief customer officer, October 27, 2021 at 12:00 p.m. Eastern Time. Key topics include the implementation of data analytics to create a frictionless, connected customer; the importance of collaboration; and future challenges facing the energy industry.

“Transforming the utility-consumer relationship from a static, predominantly transactional one into a dynamic, two-way dialogue is the future of the energy industry,” said Abhay Gupta, CEO of Bidgely. “Sharing the EMACS stage with NiSource is an exciting opportunity to disseminate the lessons we have learned in digitalizing engagement to help utilities best serve their customers.”

Bidgely’s patented UtilityAI™ solutions are built on the foundation of improving customer engagement and satisfaction through personalized, data-driven energy insights, delivered via email, web portal and mobile. Recognized by IDC MarketScape as a leader in worldwide digital customer engagement solutions, Bidgely has worked with utilities and energy retailers around the world to transform and modernize their customer experience initiatives.

Visit the registration page for a pass to the virtual EMACS conference, and learn more about how Bidgely is driving a superior digital customer experience with these On-Demand Videos.

About Bidgely

Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to TOU rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.

Christine Bennett
Bidgely
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DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the third quarter of 2021. The distribution will be paid on November 12, 2021 to unitholders of record on November 1, 2021.

Holly Energy plans to announce results for its third quarter of 2021 on November 2, 2021 before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on November 2, 2021 at 4:00 p.m. Eastern time to discuss financial results.

The webcast may be accessed at:

https://events.q4inc.com/attendee/931953223

About Holly Energy Partners, L.P.:

Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. Holly Energy, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Please note that one hundred percent (100.0%) of Holly Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, Holly Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Forward-looking Statement:

The statements in this press release relating to matters that are not historical facts are “forward-looking statements” within the meaning of the federal securities laws, including statements regarding funding of capital expenditures and distributions, distributable cash flow coverage and leverage targets. These statements are based on our beliefs and assumptions and those of our general partner using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties. Although we and our general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither we nor our general partner can give assurance that our expectations will prove to be correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in these statements. Any differences could be caused by a number of factors including, but not limited to:

• HollyFrontier Corporation’s (“HollyFrontier”) and our ability to successfully close the pending acquisition of Sinclair Oil Corporation and Sinclair Transportation Company (collectively, “Sinclair”, and such transactions, the “Sinclair Transactions”), or once closed, integrate the operations of Sinclair with its existing operations and fully realize the expected synergies of the Sinclair Transactions or on the expected timeline;
• the satisfaction or waivers of the conditions precedent to the proposed Sinclair Transactions, including without limitation, the receipt of the HollyFrontier stockholder approval for the issuance of HF Sinclair Corporation common stock at closing and regulatory approvals (including clearance by antitrust authorities necessary to complete the Sinclair Transactions on the terms and timeline desired);
• risks relating to the value of HEP’s limited partner common units to be issued at the closing of the Sinclair Transactions from sales in anticipation of closing and from sales by the Sinclair holders following the closing of the Sinclair Transactions;
• the cost and potential for a delay in closing as a result of litigation challenging the Sinclair Transactions;
• the extraordinary market environment and effects of the COVID-19 pandemic, including the continuation of a material decline in demand for crude oil and refined petroleum products in markets we serve;
• risks and uncertainties with respect to the actual quantities of petroleum products and crude oil shipped on our pipelines and/or terminalled, stored and throughput in our terminals and refinery processing units;
• the economic viability of HollyFrontier Corporation, our other customers and our joint ventures' other customers, including any refusal or inability of our or our joint ventures' customers or counterparties to perform their obligations under their contracts;
• the demand for refined petroleum products in markets we serve;
• our ability to purchase and integrate future acquired operations;
• our ability to complete previously announced or contemplated acquisitions;
• the availability and cost of additional debt and equity financing;
• the possibility of temporary or permanent reductions in production or shutdowns at refineries utilizing our pipeline, terminal facilities and refinery processing units, due to reasons such as infection in the workforce, in response to reductions in demand or lower gross margins due to the economic impact of the COVID-19 pandemic, and any potential asset impairments resulting from such actions;
• the effects of current and future government regulations and policies, including the effects of current restrictions on various commercial and economic activities in response to the COVID-19 pandemic;
• delay by government authorities in issuing permits necessary for our business or our capital projects;
• our and our joint venture partners' ability to complete and maintain operational efficiency in carrying out routine operations and capital construction projects;
• the possibility of terrorist or cyber-attacks and the consequences of any such attacks;
• general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States; and
• the impact of recent or proposed changes in tax laws and regulations that affect master limited partnerships; and
• other financial, operations and legal risks and uncertainties detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Holly Energy Partners, L.P.
Craig Biery, 214-954-6511
Vice President, Investor Relations
or
Trey Schonter, 214-954-6511
Investor Relations

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable on December 15, 2021, to shareholders of record at the close of business on December 1, 2021. This dividend represents a 33.3% increase over the dividend paid in December 2020.

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution the reader that such forward-looking statements involve risks and uncertainties that could cause actual events and results to be materially different from those expressed or implied herein, including, but not limited to, the following, many of which will continue to be amplified by the current COVID-19 pandemic: (1) the challenges associated with executing our growth strategy, and developing, marketing and consistently delivering high-quality services that meet customer expectations; (2) various risks related to public health epidemics, pandemics and similar outbreaks; (3) changes in our relationships with significant customers; (4) our exposure to claims related to cargo loss and damage, property damage, personal injury, workers’ compensation and healthcare, increased self-insured retention or deductible levels or premiums for excess coverage, and claims in excess of insured coverage levels; (5) the availability and cost of new equipment, including regulatory changes and supply constraints that could impact the cost of these assets; (6) the availability and price of diesel fuel and our ability to collect fuel surcharges and the effectiveness of those fuel surcharges in mitigating the impact of fluctuating prices for diesel fuel and other petroleum-based products; (7) seasonal trends in the less-than-truckload (“LTL”) industry, including harsh weather conditions and disasters; (8) the availability and cost of capital for our significant ongoing cash requirements; (9) decreases in demand for, and the value of, used equipment; (10) our ability to successfully consummate and integrate acquisitions; (11) the costs and potential liabilities related to our international business relationships; (12) the costs and potential adverse impact of compliance with anti-terrorism measures on our business; (13) the competitive environment with respect to our industry, including pricing pressures; (14) various economic factors such as recessions, downturns in the economy, global uncertainty and instability, changes in international trade policies, changes in U.S. social, political, and regulatory conditions or a disruption of financial markets, which may decrease demand for our services or increase our costs; (15) the negative impact of any unionization, or the passage of legislation or regulations that could facilitate unionization, of our employees; (16) increases in driver and maintenance technician compensation or difficulties attracting and retaining qualified drivers and maintenance technicians to meet freight demand and maintain our customer relationships; (17) our ability to retain our key employees and continue to effectively execute our succession plan; (18) potential costs and liabilities associated with cyber incidents and other risks with respect to our information technology systems or those of our third-party service providers, including system failure, security breach, disruption by malware or ransomware or other damage; (19) the failure to adapt to new technologies implemented by our competitors in the LTL and transportation industry, which could negatively affect our ability to compete; (20) failure to keep pace with developments in technology, any disruption to our technology infrastructure, or failures of essential services upon which our technology platforms rely, which could cause us to incur costs or result in a loss of business; (21) the Compliance, Safety, Accountability initiative of the Federal Motor Carrier Safety Administration (“FMCSA”) could adversely impact our ability to hire qualified drivers, meet our growth projections and maintain our customer relationships; (22) the costs and potential adverse impact of compliance with, or violations of, current and future rules issued by the Department of Transportation, the FMCSA and other regulatory agencies; (23) the costs and potential liabilities related to compliance with, or violations of, existing or future governmental laws and regulations, including environmental laws; (24) the effects of legal, regulatory or market responses to climate change concerns; (25) the costs associated with healthcare legislation or rising healthcare costs; (26) the costs and potential liabilities related to litigation and governmental proceedings, inquiries, notices or investigations; (27) the impact of changes in tax laws, rates, guidance and interpretations; (28) the concentration of our stock ownership with the Congdon family; (29) the ability or the failure to declare future cash dividends; (30) fluctuations in the amount and frequency of our stock repurchases; (31) volatility in the market value of our common stock; (32) the impact of certain provisions in our articles of incorporation, bylaws, and Virginia law that could discourage, delay or prevent a change in control of us or a change in our management; and (33) other risks and uncertainties described in our most recent Annual Report on Form 10-K and other filings with the SEC. Our forward-looking statements are based upon our beliefs and assumptions using information available at the time the statements are made. We caution the reader not to place undue reliance on our forward-looking statements as (i) these statements are neither a prediction nor a guarantee of future events or circumstances and (ii) the assumptions, beliefs, expectations and projections about future events may differ materially from actual results. We undertake no obligation to publicly update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law.

Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (“LTL”) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. The Company also maintains strategic alliances with other carriers to provide LTL services throughout North America. In addition to its core LTL services, the Company offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting.

Adam N. Satterfield
Senior Vice President, Finance and
Chief Financial Officer
(336) 822-5721

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2021 earnings conference call at 10:00 AM CDT on Friday, November 5, 2021. Forum will issue a press release regarding its third quarter 2021 earnings prior to the conference call.

To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. The access code is 4292575. The call will also be broadcast through the Investor Relations link on Forum’s website at www.f-e-t.com. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. A replay of the call will be available for two weeks after the call and may be accessed by dialing 855-859-2056 within North America, or 404-537-3406 outside of North America. The access code is 4292575.

FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.

Lyle Williams
Executive Vice President and Chief Financial Officer
713.351.7920
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SPOKANE VALLEY, Wash.--(BUSINESS WIRE)--Daybreak Oil and Gas, Inc. (OTC PINK: DBRM) (“Daybreak” or the “Company”), a Washington corporation, is pleased to announce that it has agreed to acquire Reabold California, LLC (“Reabold California”), a subsidiary of Reabold Resources plc (“Reabold”), a United Kingdom Company listed on the AIM Market of the London Stock Exchange under the ticker “RBD”.

Reabold California owns a 50% working interest and operates 10 producing wells in the Sacramento Basin in Northern California with proved reserves of 613,000 barrels of oil equivalent. After the transaction is completed, Daybreak will have 1,085,000 barrels of proved oil equivalent with a value of approximately $17.0 million. Reabold California’s production is approximately 70 barrels of oil per day. Combined, the production would be approximately 100 barrels of oil per day.

The acquisition will be an all-stock transaction where Gaelic Resources Limited, a wholly-owned subsidiary of Reabold Resources plc, will own up to 45% of Daybreak’s common stock at closing. As part of the transaction Daybreak will also be raising approximately $2.5 million through the sale of its common stock to fund development programs in both the Sacramento Basin properties as well as its San Joaquin Basin properties.

The transaction will require Daybreak Oil and Gas, Inc. shareholder approval and is expected to close in the First Quarter of 2022.

James F. Westmoreland, President and Chief Executive Officer, commented; “The acquisition of Reabold California, LLC is a transforming event for the Company. We look forward to developing the significant opportunities acquired with the Reabold California properties as well as continuing to develop our legacy properties. The shorter life but higher production volumes from the Reabold California properties combined with our longer life lower volume properties will create immediate positive cash flow for the Company. We will continue to build shareholder value through strategic acquisitions in the California market as well as seeking drilling opportunities in and around the two basins which we operate. Additionally, we will pursue opportunities in other geographic areas as they may arise. We look forward to having Reabold Resources as a major shareholder of the Company.”

Daybreak Oil and Gas, Inc. is an independent crude oil and natural gas company currently engaged in the exploration, development and production of onshore crude oil and natural gas in the United States. The Company is headquartered in Spokane Valley, Washington with an operations office in Friendswood, Texas. Daybreak owns a 3-D seismic survey that encompasses 20,000 acres over 32 square miles with approximately 6,500 acres under lease in the San Joaquin Valley of California. The Company operates production from 20 oil wells in our East Slopes project area in Kern County, California.

More information about Daybreak Oil and Gas, Inc. can be found at www.daybreakoilandgas.com.

Certain statements contained in this press release constitute “forward-looking statements” as defined by the Securities and Exchange Commission. Such statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “should,” “up to,” “approximately,” “likely,” or “anticipates” or the negative thereof. These forward-looking statements are based on our current expectations, assumptions, estimates and projections for the future of our business and our industry and are not statements of historical fact. Such forward-looking statements include, but are not limited to, statements about our expectations regarding our financing, our future operating results, our future capital expenditures, our expansion and growth of operations and our future investments in and acquisitions of crude oil and natural gas properties. We have based these forward-looking statements on assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, and expected future developments. However, you should be aware that these forward-looking statements are only our predictions and we cannot guarantee any such outcomes. Future events and actual results may differ materially from the results set forth in or implied in the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: general economic and business conditions; exposure to market risks in our financial instruments; fluctuations in worldwide prices and demand for crude oil and natural gas; fluctuations in the levels of our crude oil and natural gas exploration and development activities; our ability to find, acquire and develop crude oil and natural gas properties, including the ability to develop the East Slopes Project and Michigan prospects; risks associated with crude oil and natural gas exploration and development activities; competition for raw materials and customers in the crude oil and natural gas industry; technological changes and developments in the crude oil and natural gas industry; legislative and regulatory uncertainties, including proposed changes to federal tax law and climate change legislation, and potential environmental liabilities; our ability to continue as a going concern; and our ability to secure additional capital to fund operations. Additional factors that may affect future results are contained in our filings with the Securities and Exchange Commission (“SEC”) and are available at the SEC’s web site http://www.sec.gov. Daybreak Oil and Gas, Inc. disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.

Ed Capko, Telephone: 815-942-2581
Investor Relations Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced the publication of its 2020 Sustainability Update. The update provides details of CRC’s key environmental, social and governance (ESG) performance metrics as well as progress on its established 2030 Sustainability goals. Additionally, CRC has also published metrics following the guidance of the Sustainability Accounting Standards Board (SASB) and the American Petroleum Institute (API) to promote sector transparency.

Mac McFarland, President and CEO, stated, “We’ve re-evaluated our business strategy to see what more we could do to further the energy transition and are excited for the opportunities we have identified in carbon management and solar. We remain committed to extending our safety track record and continue to look for ways to further support local communities and improve our governance practices.”

Chris Gould, EVP and Chief Sustainability Officer, continued, “We are pleased with the accomplishments that we made in 2020 on environmental stewardship as we make progress on our previously set 2030 Sustainability goals which are aligned with the State of California.”

The 2020 Sustainability Update focuses on performance during 2020, 2019 and 2018 and is complemented by the new SASB and API templates. Highlights and achievements from the 2020 Sustainability Update include:

• Best-ever workforce health and safety performance
• Continued emission reductions
• Water conservation as a net water supplier
• Continued progress towards CRC’s 2030 Sustainability Goals
• Improved Board diversity

For more information about ESG at CRC, please visit our ESG page at https://crc.com/esg.

About California Resources Corporation (CRC)

California Resources Corporation (NYSE: CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects. For more information about CRC, please visit www.crc.com.

Joanna Park
Investor Relations
818-661-3731
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Richard Venn
Media
818-661-6014
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Urban Paul
HSE & Sustainability
661-412-5100
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Landfill Gases Converted to Renewable Natural Gas Across Multi-State Projects

CANONSBURG, Pa.--(BUSINESS WIRE)--#energynews--Vision RNG today announced a partnership with Meridian Waste Acquisitions, LLC (Meridian Waste) to complete projects at multiple Meridian Waste-owned landfills across Missouri and Virginia that will capture landfill gasses (LFG) for conversion into sustainable renewable natural gas (RNG) for end users. Construction is already underway on the gas collection and control systems at the sites, and both companies anticipate these projects to be flowing clean, renewable gas by late 2022 or early 2023.

Bill Johnson, CEO of Vision RNG said, “We’re committed to be part of the solution to greenhouse gasses by developing projects that safely convert waste emissions into projects that are not only marketable, but environmentally friendly. We’re happy to be working with a leading and progressive landfill operator like Meridian Waste who understands the environmental and economic benefits of these projects. Our partnership to capture and convert these emissions will also benefit the communities Meridian Waste serves.”

“Our landfill disposal facilities are highly engineered structures that protect the natural environment while providing a vital infrastructure to local communities,” said Walter “Wally” Hall, CEO of Meridian Waste. “We are proud to partner with Vision RNG and invest in the technology to convert landfill gas generated from the organic decomposition process into clean energy to power homes and businesses furthering our mission for a cleaner environment.”

Vision RNG’s leadership team reflect decades of experience in the construction, energy, and waste management fields, and recently obtained a commitment of $100 million in capital from Vision Ridge Partners, a preeminent investor in sustainable real assets at the forefront of the energy transition.

ABOUT VISION RNG
Founded in 2021, Vision RNG LLC is a U.S. based, full-service developer of landfill gas to sustainable renewable natural gas. For more information, please visit https://visionrng.com

About Meridian Waste
Headquartered in Charlotte, N.C., Meridian Waste is a company defined by its commitment to servicing its customers, caring for and engaging its employees, and generating financial value for its shareholders while delivering a clean and healthy community. The company’s core waste business is centered on residential, commercial, and industrial non-hazardous waste collection and disposal. Currently, the company operates in Northeast Fla., Augusta, Ga., St. Louis, Mo., Raleigh, N.C., Greenville, S.C., Knoxville, Tenn., Blacksburg, Va., Harrisonburg, Va., and Richmond, Va. servicing more than 197,934 residential, commercial, industrial, and governmental customers. In addition to a fleet of commercial, residential, and roll-off trucks, the company operates 13 hauling companies, seven transfer stations/materials recycling facilities (MRFs), three municipal solid waste landfills, and three C&D landfills in which 946,902 tons of waste are safely disposed of annually. For more information, visit MeridianWaste.com.

Vision RNG

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Meridian Waste

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HOUSTON--(BUSINESS WIRE)--Aris Water Solutions, Inc. (“Aris Water”) today announced the pricing of its initial public offering of 17,650,000 shares of its Class A common stock at a price to the public of $13.00 per share. In addition, Aris Water has granted the underwriters a 30-day option to purchase up to an additional 2,647,500 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The Class A common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol “ARIS” on October 22, 2021, and the offering is expected to close on October 26, 2021, subject to the satisfaction of customary closing conditions.

Aris Water expects to receive net proceeds of approximately $213.8 million, after deducting underwriting discounts and commissions and estimated expenses payable by Aris Water and excluding any exercise of the underwriters’ option to purchase additional shares, and to use such proceeds for distributions to existing owners and for general corporate purposes.

Goldman Sachs & Co. LLC and Citigroup are acting as joint book-running managers and representatives of the underwriters for the offering. J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc. and Evercore Group L.L.C. are also serving as joint book-running managers for the offering.

A registration statement relating to the shares being sold in this offering was declared effective by the U.S. Securities and Exchange Commission on October 21, 2021. The offering of these securities was made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-800-831-9146.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Aris Water Solutions, Inc.

Aris Water Solutions, Inc. is a leading, growth-oriented environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints. Aris Water delivers full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Its integrated pipelines and related infrastructure create long-term value by delivering high-capacity, comprehensive produced water management, recycling and supply solutions to operators in the core areas of the Permian Basin.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the closing of the initial public offering and Aris Water's use of proceeds from the offering, represent Aris Water’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Aris Water’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Aris Water does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Aris Water to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the preliminary prospectus filed with the SEC in connection with Aris Water’s initial public offering. The risk factors and other factors noted in Aris Water’s preliminary prospectus could cause its actual results to differ materially from those contained in any forward-looking statement.

Media Contact:
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Portfolio includes 15 equity joint ventures across shipping, intermodal and offshore

NEW YORK--(BUSINESS WIRE)--The Blue Ocean strategy managed by EnTrust Global (“EnTrust”), a leading alternative asset management firm, announced today that it has completed the acquisition of Maas Capital Shipping B.V. from ABN AMRO. Since its inception in the late 1990s, the Maas Capital platform has deployed close to $1.0 billion in equity maritime investments and is currently one of the world’s leading institutional shipping equity investors. The acquired portfolio includes a diversified portfolio of 15 equity joint venture investments, consisting of a fleet of 76 high-quality vessels within the product/chemical tanker, dry bulk, LPG, container, and offshore services segments. In addition, the portfolio includes an equity stake in a growing intermodal business which leases out container boxes. The acquisition is the latest expansion of EnTrust’s maritime finance strategy, Blue Ocean, which is part of the firm’s broader maritime-focused Blue Ocean Group.

As part of the transaction, EnTrust has engaged six members of the Maas Capital team led by Mark Ras, who will continue to be involved with the management of the portfolio and to source additional growth opportunities for EnTrust.

“The completion of the Maas Capital portfolio acquisition is another step in our expansion into the equity investment space, and something we view as a significant asset for the Blue Ocean strategy,” said Svein Engh, Senior Managing Director of EnTrust Global and Portfolio Manager of Blue Ocean Group. “We look forward to partnering with the Maas Capital team and its extensive experience and to continue the momentum generated by the portfolio in recent years, all at a time when fundamentals continue to stabilize in the global maritime industry.”

"This acquisition allows the Blue Ocean strategy to continue the growth of its maritime investment portfolio as a leading alternative capital provider to the shipping sector. We are excited to team up with shipping companies that we view as best-in-class partners and look forward to establishing new partnerships with other leaders in the space,” said Omer Donnerstein, Managing Director of EnTrust Global and Investment Analyst for Blue Ocean.

“We are extremely pleased to partner with EnTrust and look forward to continuing to manage and expand the business. This marks a new and exciting chapter in the development of Maas Capital as we expand existing investments, bring on new partners and venture into new markets. A special thanks also goes out to our existing partners, team and stakeholders for their patience and support in this process,” said Mark Ras, Head of Maas Capital.

Since its inception the Blue Ocean strategy has raised $2.6 billion.

EnTrust was represented by Watson Farley & Williams (London) and NautaDutilh (Amsterdam).

About EnTrust Global
EnTrust Global is a leading alternative asset management firm with approximately $19.7 billion in total assets.* Co-founded in 1997 by Chairman and CEO Gregg S. Hymowitz, the firm manages assets for over 500 institutional investors representing 48 countries and has approximately $11 billion in customized strategic partnerships. EnTrust Global offers a diverse range of alternative investment opportunities across strategies, including private debt and real assets as well as opportunistic co-investments and direct investments. EnTrust Global has 10 offices worldwide and is headquartered in New York and London.

*As of June 30, 2021. Based on estimates and includes assets under advisement and mandates awarded but not yet funded.

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EnTrust Global
Hiltzik Strategies
Meghan Kilkenny
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DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos”) (NYSE/LSE:KOS) announced today the pricing of $400 million aggregate principal amount of its 7.750% senior notes due 2027. The offering is expected to close on October 26, 2021, subject to customary closing conditions. Kosmos intends to use the net proceeds from the offering, together with cash on hand, to refinance the $400 million aggregate principal amount of private placement notes the Company issued to fund its acquisition of Anadarko WCTP Company.

The securities offered will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, the securities may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws. The senior notes and the related guarantees were offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and, outside the United States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act.

This press release is being issued pursuant to, and in accordance with, Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable proven basin exploration program in Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. Kosmos is listed on The New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment.

Forward-Looking Statements

This press release contains 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. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos (including, but not limited to, the impact of the COVID-19 pandemic), which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. 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.

European Economic Area and United Kingdom Notices

Financial Conduct Authority (FCA) stabilization rules apply.

MiFIR professionals / ECPs only / No PRIIPs / UK PRIIPs KID - Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs regulation key information document (KID) has been prepared as the notes are not available to retail investors in the EEA or the United Kingdom.

Investor Relations
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Facility optimizations contribute an additional 18% of Renewable Natural Gas production for September vs. last year and 9% higher year-to-date production vs. last year

VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (TSXV:EVGN) (“EverGen”, or the “Company”), Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, announces that the immediate enhancement and optimization projects at Fraser Valley Biogas Ltd. (“Fraser Valley Biogas”) in Abbotsford, BC., have resulted in record production in the month of September, supporting the growing demand for RNG in the province.

Fraser Valley Biogas has been supplying renewable energy for over a decade and previously produced approximately ~80,000 gigajoules of RNG annually - enough to heat approximately 1,000 homes for a year, at the time the facility was acquired by the Company in April 2021. In the short period since EverGen has owned and operated the facility, and despite the unprecedented high temperatures experienced in the Fraser Valley this summer, RNG production has improved significantly.

“Following the acquisition of Fraser Valley Biogas earlier this year, our team immediately began optimization activities that have resulted in an impressive increase in RNG production at the facility, with minimal capital required and well within our expected return profile,” says EverGen Co-Founder and CEO Chase Edgelow. “With the demand for RNG and requirement for low & negative carbon infrastructure continuing to grow, we are working with the Ministry of Environment to amend the facility’s permit to process agricultural and food waste at flows similar to other anaerobic digesters in the area. This will allow EverGen to roughly double our RNG production at Fraser Valley Biogas later in 2022. Because of the avoided emissions relative to traditional methods of dealing with agricultural and food waste, the RNG produced at Fraser Valley Biogas is carbon negative.”

Fraser Valley Biogas, a wholly owned subsidiary of EverGen, is the original producing RNG project in Western Canada and first project to produce RNG into FortisBC’s network, part of the North American natural gas infrastructure network. The facility combines anaerobic digestion and biogas upgrading to produce RNG, primarily by converting agricultural waste from local dairy farms. Fraser Valley Biogas also produces an organic liquid fertilizer that is used by surrounding farms to displace synthetic fertilizers. This micronutrient rich, odour free fertilizer has been a key part of many local farms’ fertility plans for more than ten years.

EverGen’s COO Sean Mezei joined Steve Darling from Proactive Investors to explain the record production at Fraser Valley Biogas.

For more information about EverGen, please visit www.evergeninfra.com.

For more information about FortisBC’s RNG program, please visit www.fortisbc.com/RNG.

About EverGen Infrastructure Corp.

EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. Incorporated in 2020, EverGen is now established to acquire, develop, build, own and operate a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

Forward-Looking Information

This news release contains forward-looking statements and/or forward-looking information (collectively, “forward looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, believes”, “explores” and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the ongoing COVID19 pandemic; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company’s completed acquisitions; the sufficiency of EverGen’s liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, many of which are beyond the control of EverGen.

Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such forward looking statements.

The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly be required by law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

EverGen's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

EverGen Investor Contact
Kelly Castledine
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Incorporated (“Emera”) today announced the approval by the Florida Public Service Commission of Tampa Electric’s previously announced rate settlement agreement. This approval concludes all matters in this rate filing.

Please refer to our August 6, 2021 press release found here for further information.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.

Source: Emera Inc.

Emera Inc.
Investor Relations
Dave Bezanson VP, Investor Relations & Pensions
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COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today it has been accepted into two influential groups advocating for climate action ahead of the global COP26 climate summit in Glasgow, Scotland (U.K.) starting Oct. 31.

The Business Ambition for 1. 5°C campaign encourages companies to set robust emission reduction goals for greenhouse gases (GHGs) using science-based targets aligned to the 2015 Paris Climate Accords. By extension, Cummins has also been accepted into the United Nations’ Race to Zero,­ a global campaign to rally leadership and support from businesses, investors, cities and regions for climate action. Both groups maintain acting now can prevent future environmental threats, create jobs and unlock sustainable growth.

Cummins worked with the Science Based Targets initiative (SBTi) in developing the company’s PLANET 2050 environmental strategy released in 2019. The strategy includes 2030 goals aligned to targets established in the Paris Climate Accords, and the aspiration to reach net zero emissions by 2050.

Cummins’ Chairman and CEO, Tom Linebarger, says the world’s climate challenges threaten Cummins’ ability to deliver on its mission of making people’s lives better by powering a more prosperous world.

“Climate change is the existential crisis of our time and the biggest threat to our Mission as an organization,” said Linebarger. “So, we want to dedicate our innovation, our talent, our resources, and our investments reducing our impact on the climate. Of course, we have a lot of other challenges to address at the same time to fulfill the needs of our stakeholders, but if we don’t address climate change, there will be nothing else to do.”

Alberto Carrillo Pineda, Managing Director of the Science Based Targets initiative, one of the partners in Business Ambition for 1. 5°C, said it is critical to take action now.

“There is no time to lose,” Pineda said. “The transformation to a net-zero economy is unavoidable. …To stand a fighting chance of maintaining a habitable planet, we urgently need more companies to act on climate science and to decarbonize our economy.”

TAKING A LEADERSHIP ROLE

Cummins is advocating for climate action through its participation with a number of groups including the CEO Climate Dialogue, the Business Roundtable, the International Council on Clean Transportation and the global Hydrogen Council. Linebarger serves as Co-Chair of the Hydrogen Council.

PLANET 2050 includes two approved science-based targets. One is to reduce absolute GHG emissions from Cummins’ facilities and operations (scopes 1 and 2) by 50%, which is consistent with keeping global warming to 1.5°C above pre-industrial levels. The other is an absolute lifetime reduction in the company’s scope 3 GHG emissions from newly sold products by 25%. Scope 3 emissions include emissions from a product in use by a customer.

Cummins has long been working to reduce the environmental impact of core products such as diesel and natural gas engines, cutting the emission of two key contributors to smog from diesel engines, particulate matter and nitrogen oxides, by more than 95% since the 1990s. Facility goals between 2014 and 2020, meanwhile, produced GHG savings equivalent to removing more than 100,000 cars from the road for a year.

The company has also become a leader in bringing to market low- and no-carbon power technologies such as battery and fuel cell electric. That technology is powering such things as the world’s first hydrogen-powered train. Cummins is also a leading manufacturer of electrolyzers to produce green hydrogen, a promising fuel for decarbonization. The company is now partnering in projects involving the technology with Spain-based Iberdrola, a leader around the world in no- and low-carbon energy production.

BUILDING SUPPORT

Since launching two years ago more than 650 companies from around the world have joined the Business Ambition for 1. 5°C with a combined market capitalization of $13 trillion. Other members of the group include Apple, General Motors, Johnson & Johnson, and Volvo.

The Race to Zero campaign has built a coalition of more than 3,000 businesses, more than 700 cities, more than 600 institutions of higher education and more than 150 investors supporting net-zero initiatives around the world.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

Jon Mills, Cummins Inc.
317-658-4540
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• Immaterial changes in Sales
• Increase in Net Income in 2018, 2019 and slight decrease in 2020
• Positive Balance Sheet impacts

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced the filing of the Company’s 10K/A and comments on becoming current with subsequent filings.

Kent Yee, CFO remarked, “When I became CFO in mid-2017, our team set out to improve the processes, resources and talents of DXP’s finance and accounting function. Thus far, we have been successful in these efforts but we always have room to grow and the best is ahead. Change is not an event but a process. Early on, we transitioned the accounts payable process from primarily being manual to becoming more automated based upon our high invoice activity. In Q1 of 2019, we went live with a full procure-to-pay platform to assist DXP in handling purchase order backed, non-purchase order and employee expense activity. As a part of this initiative, we had to address and validate all existing and known liabilities. We have come to the end of that process and as a result we ended with a restatement and material weaknesses. Over 77 percent of the unvouchered purchase order receipts being written off are associated with balances from Q1 2019 and prior. While we wish we could have gone through the process in a timelier manner, DXP respects the accounting and auditor procedures, in a situation of this kind.”

Gene Padgett, CAO commented, “While a restatement is never ideal, measuring both the quantitative and qualitative impacts to the respective periods is keenly important. Quantitatively, our restatement analysis shows ultimate impacts of 7.6 percent, 2.8 percent and 1.9 percent to net income for the 2018, 2019 and 2020 fiscal year ends, respectively. For 2018 and 2019, these were positive impacts or increases to net income, while 2020 was a slight decrease based upon the accounting treatment associated with the exercise and other passed adjustments. Since joining in 2018 from Enbridge Inc., this has been a great journey where we have seen continuous improvement and a raised bar and the team will continue in that fashion. Coming from a large cap company, DXP has many similarities as large cap enterprises. Kent, Stephen Wick, DXP’s Controller, and I have been working towards finding talent, providers and resources that match DXP.”

Kent Yee, CFO added, “As we move forward, file our restated Q1 and become current on Q2, we will continue to balance all stakeholder interests and work towards what is best for DXP and the continuous improvement path we have been on. DXP has always valued conservatism, accuracy and timeliness given the multiple stakeholders including customers, vendors, debt and equity investors, rating agencies and the like. DXP’s business and financial health has never been stronger and unfortunately in a scenario like this, conveying the DXP business investment thesis, viability, stability and opportunities can get lost. We have had 16 quarters of cash available on the balance sheet, a proven robust approach to capital structure management and solid execution on rebounding from COVID, while growing via acquisition. One of my favorite quotes and solace through this exercise has been from Warren Buffett - - ‘To be successful, you should concentrate on the world of companies, not arcane accounting mathematics’.”

David R. Little, Chairman and CEO remarked, “Kent, Gene and Stephen have done a great job in growing and improving the finance and accounting function at DXP. They have built an iron triangle around being strategic, operational and technical / GAAP focused, while not losing sight of our business goals and that we are running a business day-to-day. This exercise has more to do with historical non-cash accounting impacts and the past versus the future of DXP, our current accounting and finance group, and the path forward. We look forward to closing out the year and focusing on strategic priorities in 2022.”

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of and recovery from the COVID-19 pandemic and the impact of low commodity prices of oil and gas; the Company’s business, the Company’s future profitability, cash flow, liquidity, and growth. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; decreases in oil and natural gas prices; decreases in oil and natural gas industry expenditure levels, which may result from decreased oil and natural gas prices or other factors; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, economic risks related to the impact of COVID-19, ability to manage changes and the continued health or availability of management personnel and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission. More information on these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

The following table presents the impact of the restatement adjustments on the Company’s previously reported 2020, 2019 and 2018 results on a condensed basis:

Kent Yee 713-996-4700
Senior Vice President, CFO
www.dxpe.com

New Approach to Data Aggregation and Analysis Enables Smarter, Faster Business Decisions

AUSTIN, Texas--(BUSINESS WIRE)--#DataDrivenBusiness--Zeno Technologies today unveiled a new cloud-based platform to help energy companies, investors and partners adapt and thrive in the face of new market realities in the Production Era. The energy industry is fundamentally different than it was just a few short years ago, and today’s energy-focused organizations need a set of modern tools to unlock data to inform smarter, faster business decisions. Zeno’s new Energy Operating System provides the clarity to understand and improve business performance, and the insight to decisively assess and pursue new investment opportunities.

Dawn of the Production Era

Energy businesses once valued on land potential and top-line growth are now measured on bottom-line free cash flow. This fundamental shift in valuation, and its implications for energy company operations, ushered in the ‘Production Era’ where success hinges on an organization’s ability to optimize business performance and maximize productivity. Today’s energy-focused organizations are trying - and largely failing - to stitch together a patchwork of legacy tools to help them bring together production and market data to truly understand business performance and make better decisions. To address this pain point, Zeno’s Energy Operating System drives business performance by connecting entire organizations through data and delivering real-time insights to run their businesses on real numbers, not best estimates.

“We’ve seen a fundamental shift in the energy industry in the past five years. Companies that used to focus, and be valued, on successful exploration are now valued on efficient production and bottom-line results. On top of this, they face unprecedented challenges as they navigate changes in technology, mounting ESG pressures, and volatile global demand,” said Sealy Laidlaw, CEO of Zeno Technologies. “This new reality requires businesses to base consequential decisions on hard numbers and analysis, not on intuition and estimates. Legacy tools make it nearly impossible to surface relevant data the moment it’s needed, so we’re building Zeno to address this unmet need.”

Business Performance for the E&P Space

Today’s exploration & production (E&P) companies rely on market intelligence and internal production data to make important decisions that directly impact their bottom lines. Making sense of disparate data sets in a timely manner can be next to impossible, so Zeno built a platform that gives them a single, comprehensive view of their business.

“In our business, the decisions we make are only as good as the data informing those decisions,” said Brandon O’Gara, CFO at Echo Energy. “Where once we relied on time-consuming processes to aggregate and analyze data from different groups across the organization, Zeno enables all of our teams to work with relevant data in a single unified platform, allowing us to get to answers quicker. We’re a smarter, more nimble organization as a result.”

Supporting the Broader Energy Ecosystem

Zeno’s platform is relevant not only to E&P companies, but also to the partners, banks and investors that operate within the energy sector. They need access to the latest data to quickly understand how well an individual asset, or an entire business, is performing relative to others in the space before deciding where to invest. Zeno unifies this process on a central platform and enables them to quickly make well-informed investment decisions.

“Upstream operators face significant challenges building data as a core business asset to become truly data-driven,” said Rob Hembree, VP of Technology at Greenlake Energy Ventures. “Zeno’s solution enables us to address this modernization challenge and accelerates our digital journey, enabling our team to make well-informed, real-time decisions."

Early Investment

In early-2020, Zeno raised a seed funding round of $5.5M, led by 8VC, Echo Investment Capital and other strategic investors. Zeno is part of the 8VC Build portfolio, which seeds and supports high-growth companies that seek to address market gaps, and change industries in the process. Zeno also directly fits Echo’s thesis of investing in innovative companies that marry Midwestern verticals with a global pool of talent and capital.

Visit www.zenotech.io and follow Zeno on LinkedIn for more information about the company’s Energy Operating System that enables energy-focused firms to work faster and allocate capital more efficiently.

About Zeno Technologies

Zeno Technologies helps energy-focused businesses thrive in the Production Era. The company’s Energy Operating System is used by energy companies, investors and partners to drive business performance by connecting entire organizations through data on a common platform, delivering real-time insights so their businesses can run on real numbers instead of best estimates. Zeno is privately held and headquartered in Austin, TX. For more information, visit www.zenotech.io.

John Snedigar
Faultline Communications
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408-705-7518

ROSEMEAD, Calif.--(BUSINESS WIRE)--To increase grid reliability for next summer, Southern California Edison will add 535 megawatts of battery energy storage at three strategically located SCE substations. This action responds to Gov. Gavin Newsom’s emergency proclamation to accelerate the rapid deployment of new clean energy and storage projects for summer 2021 and 2022. SCE will use land at its existing substations to quickly develop, permit and interconnect the battery storage resources. The company has contracted with Ameresco to install the battery energy storage systems that are expected to be online next August.

SCE will substantially increase the amount of energy storage capacity it has available to mitigate the risk of potential customer outages if the West experiences a summer of extreme heat. The additional 535 MWs of SCE-owned storage complement the long-term capacity contracts completed last year — 1,355 MWs of utility-scale battery storage and 5 MWs of demand response that uses energy from customer-owned energy storage. It will bring SCE’s total amount of installed and procured storage capacity to about 2,810 MWs.

“The steps we are taking today will benefit our customers in many ways. They will make the grid more resilient to the effects of extreme weather and will help us continue our progress toward the clean energy future, which is essential to combating climate change,” said Kevin Payne, president and CEO of SCE. “Electric utilities like SCE have a critical role in integrating renewable energy into the grid. The clean energy then powers clean transportation and buildings, and in doing so, creates clean energy jobs that benefit Southern Californians economically and environmentally.”

By locating the battery storage at its substations, SCE will be able to meet electricity demands more effectively in the San Joaquin Valley, Rancho Cucamonga and nearby communities as well as the greater Long Beach area, including the Port of Long Beach, while enhancing overall grid reliability. The batteries can be charged when electricity demand is lower and store nearly 2,150 megawatt-hours. They will also decrease the grid’s dependence on natural gas power plants as California transitions to a clean energy future.

As laid out in Pathway 2045, SCE estimates the state needs to add 30 GW of utility-scale storage to the grid and 10 GW of storage from distributed energy resources to meet the state’s clean energy and carbon neutrality goals. These new battery energy storage systems will help California meet these goals and also help Edison International, SCE’s parent company, meet its 2045 net-zero greenhouse gas emissions commitment, which covers the power SCE delivers to customers and Edison International’s enterprisewide operations, including supply chain.

About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

Media Contact:
Julia Roether, (626) 302-2255

SAN ANTONIO--(BUSINESS WIRE)--Howard Energy Partners (HEP) is pleased to announce that it has been named by GRESB as the Most Improved in the 2021 Infrastructure Assessment.

Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics.

The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than $6.4 trillion of assets under management, up from $5.3 trillion the year before.

GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.

“As an organization, our purpose is to deliver positive energy,” said Brandon Burch, Executive Vice President and Chief Operations Officer for HEP. “We are proud of this recognition by GRESB as it is a testament to our ongoing efforts to provide clean, reliable energy that powers communities and businesses across the U.S. and Mexico, and improves people’s quality of life.”

“We are proud to celebrate the achievements made by this year’s Most Improved organizations. Your dedication to advancing ESG transparency and performance is helping accelerate the whole industry’s progress towards a more sustainable world,” said Sebastien Roussotte, CEO of GRESB. “ESG transparency and improved performance have never been more important, and it is inspiring to see such a high level of dedication from the industry, particularly when so much has been disrupted by the pandemic this last year.”

About Howard Energy Partners

San Antonio-based Howard Midstream Energy Partners, LLC d/b/a Howard Energy Partners is an independent midstream energy company, owning and operating natural gas and crude oil gathering and transportation pipelines, natural gas processing plants, liquid storage terminals, deep-water dock and terminal facilities, rail, terminal and transloading facilities and other related midstream assets in Texas, New Mexico, Oklahoma, Pennsylvania and Mexico. The company has corporate offices in San Antonio, Houston and Monterrey, Mexico. For more information on Howard Energy Partners, please visit our website www.howardenergypartners.com.

About GRESB

GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making. For more information, visit GRESB.com

Meggan Morrison
Redbird Communications Group
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