ClearAsset Enables Remote Lifecycle Management of Intelligent Transportation System Assets for State, Regional and Local Transportation Agencies

• ClearAsset helps transportation agencies track and maintain inventory and operational status of equipment deployed in the field or warehoused, conduct lifecycle analysis, and monitor performance over time.
• Asset management SaaS solution increases device uptime for better overall operations, and management of traffic signals and highway intelligent transportation systems (ITS).
• Agencies can use ClearAsset on a SaaS basis to manage ITS assets or as part of Iteris’ cloud-enabled asset management service, where this process is virtualized and performed by Iteris experts.

SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has launched a new smart mobility infrastructure asset management solution, ClearAsset™.

The state-of-the-art asset management solution, which can be delivered on a software-as-a-service (SaaS) or managed service basis, enables state, regional and local transportation agencies to track and maintain the inventory and operational status of technology equipment deployed in the field or warehoused, conduct lifecycle analysis, and monitor asset performance over time. With ClearAsset, agencies can maximize equipment uptime for improved overall operations, and management of traffic signals and highway ITS.

The ClearAsset SaaS solution provides transportation agencies with 24/7 networking monitoring of IP-based assets to automate down-device detection and work order creation. Using automated alerts and configurable workflows, ClearAsset can seamlessly create work orders and service requests to be evaluated by maintenance staff. When delivered as a managed service, agencies receive 24/7 support from Iteris’ network operations center team.

In addition, ClearAsset leverages Iteris’ ClearMobility™ Cloud and interoperates with the company’s family of smart mobility infrastructure management SaaS solutions, offering a unique, proactive ability to monitor, manage and optimize the health of mobility infrastructure to transportation agencies, which are critically challenged in this supply-constrained environment to maintain their ITS assets.

ClearAsset forms a core part of Iteris’ asset management service, which has already been selected by early adopters including the Georgia Department of Transportation (GDOT) and Virginia Department of Transportation (VDOT). GDOT selected Iteris’ asset management service to improve statewide ITS maintenance following the successful deployment of a similar ITS Asset Management System for VDOT. This new service will expand Iteris’ asset management for VDOT from tens of thousands of highway ITS assets to include 4,500 traffic signals statewide.

“We are thrilled to announce Iteris’ launch of the most powerful asset management SaaS solution available for the smart mobility infrastructure management market,” said Todd Kell, vice president, Mobility Operations Services at Iteris. “With the addition of ClearAsset, our state, regional and local transportation agency customers can now manage the lifecycle and performance of their ITS assets more effectively, and ultimately increase the value, effectiveness and resilience of their existing transportation infrastructure.”

ClearAsset is a key component of Iteris’ ClearMobility Platform – the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.

About Iteris, Inc.

Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

Iteris Forward-Looking Statements

This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” “will,” "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the capabilities and benefits of our ClearAsset infrastructure asset management solution and asset management services. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, our ability to provide our services and products in a cost-efficient manner; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of general economic, political and other conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).

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DUBLIN--(BUSINESS WIRE)--The "Solar Water Pump Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The solar water pump systems market is expected to register a CAGR of more than 5% during the forecast period of 2022 - 2027.

Factors such as increasing demand for clean energy pump systems, and the supportive government incentives and tax rebates over the installation of solar water pump systems are expected to drive the market during the forecast period.

However, the high installation costs and the limited specialized service personnel are restraining the growth of the market.

Key Highlights

The submersible pump type segment, designed to pump water from deeper wells, where surface pumps cannot be used, is expected to drive during the forecast period.

Powering Agriculture: An Energy Grand Challenge for Development (PAEGC) program aims to identify and support the development and deployment of clean energy solutions for increasing agriculture productivity in developing countries. The program is expected to create opportunities for the market studied.

Asia-Pacific holds the largest market share and is also expected to be the fastest-growing region, owing to a massive increase in solar water pump system installations in countries, such as China and India.

Key Market Trends

Submersible Pump Type Segment to Dominate the Market

Submersible pumps are located deep below the ground level and their suction head is beyond a depth of 10 meters, so it can lift water from significantly deeper sources. Government subsidies to farmers, as well as solar pump manufacturers, especially in emerging economies of Asia-Pacific, are expected to drive the solar water pump systems market in the forecast period.

Irrigation is a major application area for solar pumps in India. This makes India a land of huge market opportunities for solar submersible pumps. The Indian government had set ambitious targets for expanding the country's renewable energy generating capacity, and in 2010, the country launched the Jawaharlal Nehru National (JNN) Solar Mission.

The Ministry of New and Renewable Energy (MNRE), India, outlined the Solar Pumping Programme for irrigation and drinking water, which sought to promote the adoption of solar pumps over the next five years. Hence, due to such government support, the submersible pumps market in India is expected to provide ample opportunities for pump manufacturers during the forecast period.

Moreover, the submersible solar pump systems are used majorly for irrigation and supply of potable water. The oil and gas sector is also embracing these pumps for the purpose of chemical injection, as these pumps do not emit greenhouse gases, hence promulgating the growth of solar power pump systems.

Asia-Pacific to Dominate the Market

The Asia-Pacific region dominated the global market share and has emerged as one of the largest solar pump markets. With inadequate power generation capacity and grid infrastructure for irrigation and community water supply facilities, solar water pumps have a good chance of replacing conventional pumps.

The increasing power demand and need for drinking safe water have led to the deployment of solar water pumps in Bangladesh. Infrastructure Development Company Ltd. (IDCOL), a financing company in Bangladesh, tried and tested the ownership model, wherein micro-finance has been used as a tool to enhance rural households' ability to afford capital-intensive solar home systems is being applied to solar pumping solutions.

Moreover, increasing awareness of the potential benefits of this technology has compelled a number of countries to accelerate the deployment of solar water pumps, with Bangladesh setting a target to deploy 50,000 solar pumps by 2025.

Companies Mentioned

Advanced Power Inc.

Bright Solar Limited

C.R.I. Pumps Private Limited

Kirloskar Brothers Limited

KSB Limited

Bernt Lorentz GmbH

Shakti Pumps (India) Ltd.

Tata Power Company Limited

For more information about this report visit https://www.researchandmarkets.com/r/5oqyc5

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New Product Introductions Position Company to Offer Solutions for the Three-Wheel Forklift and Autonomous Mobile Robot / Automated Guided Vehicle Markets

VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today announced that it will participate in the upcoming MODEX 2022, the world’s largest manufacturing and supply chain tradeshow, taking place from March 28 to 31, 2022, at the Georgia World Congress Center in Atlanta, Georgia.

Flux Power will showcase its complete product line at booth C5688, which includes lithium-ion solutions for Class I-III material handling equipment and introduce two new products for the three-wheel forklift segment and the Autonomous Mobile Robot and Automated Guided Vehicle spaces.

Flux Power Chief Technical Officer Paulus Geantil will also be presenting an educational seminar titled, “Why Lithium-ion Chemistry Matters When It Comes to Powering Your Equipment Fleet”. The seminar will take place on Monday, March 28 at 3:45 pm Eastern Time in Theater E.

"MODEX is the largest and most anticipated event in the manufacturing and supply chain industries, and we look forward to showcasing our complete product line to new and existing customers,” said Ron Dutt, Chief Executive Officer of Flux Power. “As a company dedicated to leading the adoption of clean, safe, and innovative lithium technology platforms, we are very happy to also be unveiling the newest additions to our industrial and commercial energy solutions for three-wheel forklifts and AGVs / AMRs as we continue expanding into new applications."

About MODEX 2022

MODEX is one of the largest manufacturing and supply chain events for the year. From education to new technology, MODEX allows attendees to connect, learn, and meet with new contacts and discover the latest trends in the industry.

View Flux Power’s profile here

About Flux Power Holdings, Inc.

Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

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Spartan stockholders have approved the previously announced business combination at the Special Meeting held on March 8, 2022

Transaction Expected to Close Week of March 14, 2022

PARIS & ARNHEM, Netherlands & NEW YORK--(BUSINESS WIRE)--Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), a publicly traded special purpose acquisition company, today announced that stockholders of record as of January 18, 2022, approved the previously proposed business combination (the “Business Combination”) with Allego Holding B.V. (“Allego” or “the Company”), a leading pan-European electric vehicle charging network, supported by 94% of the shares of Spartan voted at the special meeting. 74% of total outstanding shares voted.

Three proposals were considered and voted upon by Spartan’s stockholders at the special meeting, all of which were approved. The formal results of the vote will be included in a Current Report on Form 8-K to be filed by with the U.S. Securities and Exchange Commission by Spartan.

Pursuant to the Business Combination, at the closing, Allego will combine with Spartan and the combined company’s name will be Allego N.V. Following the closing, Allego’s ordinary shares and warrants are expected to trade on the New York Stock Exchange under the ticker symbols “ALLG” and “ALLG.WS,” respectively.

About Allego

Allego delivers charging solutions for electric cars, motors, buses, and trucks for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network that comprises more than 28,000 charge points operational throughout Europe – and proliferating. Since 2018, Allego is part of Meridiam Group, a global long-term sustainable infrastructure developer and investor, which enables the expansion of Allego’s existing global network, services, and technologies. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a complete portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.

About Spartan Acquisition Corp. III

Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value-chain and was formed for the purpose of entering into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.

Forward-Looking Statements.

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. 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, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Spartan’s and Allego’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Spartan’s and Allego’s expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Spartan’s and Allego’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Business Combination Agreement and Plan of Reorganization (the “BCA”) or could otherwise cause the transaction to fail to close; (ii) the outcome of any legal proceedings that may be instituted against Athena Pubco B.V., a Dutch limited liability company (the “Athena Pubco”) and/or Allego following the announcement of the BCA and the transactions contemplated therein; (iii) the inability to complete the proposed business combination, including due to failure to obtain certain regulatory approvals, or the satisfaction of other conditions to closing in the BCA; (iv) the impact of the COVID-19 pandemic on Allego’s business and/or the ability of the parties to complete the proposed business combination; (v) the inability to obtain or maintain the listing of Athena Pubco’s ordinary shares on the New York Stock Exchange following the proposed business combination; (vi) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (vii) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of Allego to grow and manage growth profitably, and to retain its key employees; (viii) costs related to the proposed business combination; (ix) changes in applicable laws or regulations; and (x) the possibility that Allego, Spartan or Athena Pubco may be adversely affected by other economic, business, and/or competitive factors. The foregoing list of factors is not exclusive. Additional information concerning certain of these and other risk factors is contained in Spartan’s most recent filings with the SEC and in the registration statement on Form F-4 (the “Form F-4”), including the proxy statement/prospectus forming a part thereof filed by Athena Pubco in connection with the proposed business combination on September 30, 2021, as amended on December 14, 2021, January 18, 2022 and February 1, 2022. All subsequent written and oral forward-looking statements concerning Spartan, Allego or Athena Pubco, the transactions described herein or other matters and attributable to Spartan, Allego, Athena Pubco or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Each of Spartan, Allego and Athena Pubco expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law.

No Offer or Solicitation.

This communication shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Spartan, Athena Pubco or Allego, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom.

Important Information About the Proposed Business Combination and Where to Find It.

In connection with the proposed business combination, a registration statement on Form F-4 was filed by Athena Pubco with the SEC on September 30, 2021, as amended on December 14, 2021, January 18, 2022 and February 1, 2022, and was declared effective on February 10, 2022. The Form F-4 includes a definitive proxy statement that has been mailed to holders of Spartan’s common stock in connection with Spartan’s solicitation for proxies for the vote by Spartan’s stockholders in connection with the proposed business combination and other matters as described in the Form F-4, as well as a prospectus of Athena Pubco relating to the offer of the securities to be issued in connection with the completion of the business combination. Spartan, Allego and Athena Pubco urge investors, stockholders and other interested persons to read the Form F-4, including the proxy statement/prospectus incorporated by reference therein, as well as other documents filed with the SEC in connection with the proposed business combination, as these materials contain important information about Allego, Spartan, and the proposed business combination. Such persons can also read Spartan’s final prospectus dated February 8, 2021 (SEC File No. 333-252866), for a description of the security holdings of Spartan’s officers and directors and their respective interests as security holders in the consummation of the proposed business combination. The definitive proxy statement/prospectus has been mailed to Spartan’s stockholders as of January 18, 2021. Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Spartan Acquisition Corp. III, 9 West 57th Street, 43rd Floor, New York, NY 10019, or (212) 515-3200.

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

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KENNESAW, Ga.--(BUSINESS WIRE)--Wounded Nature–Working Veterans, a non-profit group dedicated to the removal of debris from hard-to-reach coastal areas, has a new V MAX SHO^® 115 outboard on the back of the organization’s 18-foot SeaArk aluminum work boat thanks to support from Yamaha Rightwaters. Technicians from Yamaha Marine University™ also rigging service resources and equipped the boat with Siren Marine technology.

The Wounded Nature – Working Veterans team accepted the donation during the 2022 Bassmaster Classic in Greenville, S.C. and will use the boat and new outboard to assist in debris removal along U.S. east coast waterways.

“The trash and debris in our waterways cause critical issues within marine wildlife habitats,” said Rudy Socha, CEO, Wounded Nature – Working Veterans and Marine Corps Veteran. “Trash and debris collect at the high tide line behind marsh grasses and shrubs. It’s usually laying on the ground and hidden from view. Going to these remote areas is costly. Our mission requires logistics and planning to get our volunteers to these areas and then safely back to a landing with the collected debris. With the support from Yamaha Rightwaters, we have a new, reliable motor to help us accomplish our mission.”

Founded by veterans, Wounded Nature-Working Veterans provides veterans, boaters and community volunteers the opportunity to affect positive environment change along public beaches and rural coastal areas. As of Dec. 31, 2021, the group collected 121 abandoned boats, 257 tires, more than 14,000 glass bottles and 2,812 crab traps. They also laid 2,215 bags of oyster shells to create new beds and filled 46 dumpsters with debris and treated wood.

“Marine debris removal is an important cornerstone of the Yamaha Rightwaters mission,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “Wounded Nature-Working Veterans gets folks involved on a grass roots level so they can make a real difference in the communities they serve. We are proud to support their efforts.”

Access a short video about the rigging and repower of the Wounded Nature-Working Veterans boat.

For more information about Wounded Nature-Working Veterans or to volunteer to help, visit woundednature.org.

Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.

Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners, Yamaha Boats, G3 Boats and Skeeter Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.

REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.

© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.

This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.

Nicholas Genesi
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Yamaha Marine Engine Systems
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (“COP”) announced today the pricing terms of the previously announced tender offer (the “Tender Offer”) by ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. (“CXO” and, together with ConocoPhillips, the “Company”), to purchase the outstanding debt securities (collectively, the “Notes” and each a “Series” of Notes) identified in the Company’s Offer to Purchase dated February 22, 2022 (as amended, the “Offer to Purchase”). The Tender Offer was previously amended to increase the Maximum Aggregate Purchase Price (as defined in the Offer to Purchase) to an amount sufficient to permit the Company to accept for purchase all Notes that were validly tendered and not validly withdrawn on or before 5:00 p.m., New York City time, on March 7, 2022 (the “Early Tender Deadline”). The terms and conditions of the Tender Offer are described in the Offer to Purchase.

The total consideration to be paid in the Tender Offer for each Series of Notes accepted for purchase was determined by reference to a fixed spread specified for such Series of Notes over the yield (the “Reference Yield”) based on the bid-side price of the applicable U.S. Treasury Security, in each case as set forth in the table below (the “Total Tender Offer Consideration”). The Reference Yields (as determined pursuant to the Offer to Purchase) listed in the table below were determined at 10:00 a.m., New York City time, today, March 8, 2022, by the Dealer Managers (identified below). The Total Tender Offer Consideration for each Series of Notes includes an Early Tender Premium (as defined below) of $30 per $1,000 principal amount of Notes accepted for purchase by the Company.

The following table sets forth the aggregate principal amounts of each Series of Notes that the Company has accepted for purchase and pricing information for the Tender Offer:

All payments for Notes tendered on or before the Early Tender Deadline that are purchased by the Company will also include accrued and unpaid interest on the principal amount of Notes tendered and accepted for purchase from the last interest payment date applicable to the relevant Series of Notes up to, but not including, the early settlement date, which is currently expected to be March 11, 2022.

Although the Tender Offer is scheduled to expire one minute after 11:59 p.m., New York City time, on March 21, 2022, because holders of Notes subject to the Tender Offer validly tendered and did not validly withdraw Notes on or before the Early Tender Deadline in an amount that equals the increased Maximum Aggregate Purchase Price, the Company does not expect to accept for purchase any tenders of Notes after the Early Tender Deadline.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and TD Securities (USA) LLC are the Lead Dealer Managers for the Tender Offer, and BofA Securities, Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are the Co-Managers for the Tender Offer. Global Bondholder Services Corporation is the Tender Agent and Information Agent. Persons with questions regarding the Tender Offer should contact Citigroup Global Markets Inc. at (toll-free) (+1) (800) 558-3745 or (collect) (+1) (212) 723-6106, J.P. Morgan Securities LLC at (toll-free) (+1) (866) 834-4666 or (collect) (+1) (212) 834-3822, Mizuho Securities USA LLC at (+1) (866) 271-7403 or (collect) (+1) (212) 205-7736 or TD Securities (USA) LLC at (toll-free) (+1) (866) 584-2096 or (collect) (+1) (212) 827-7795. Requests for copies of the Offer to Purchase and related materials should be directed to Global Bondholder Services Corporation at (+1) (212) 430-3774, (toll-free) (+1) (855) 654-2015 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation at (toll-free) (+1) (855) 654-2015.

This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Tender Offer is made only by the Offer to Purchase and the information in this news release is qualified by reference to the Offer to Purchase. There is no separate letter of transmittal in connection with the Offer to Purchase. None of ConocoPhillips or its affiliates, their respective boards of directors, the Lead Dealer Managers, the Co-Managers, the Tender Agent and Information Agent or the trustees with respect to any Notes is making any recommendation as to whether holders should tender any Notes in response to the Tender Offer, and neither ConocoPhillips nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

--- # # # ---

About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $91 billion of total assets and approximately 9,900 employees at Dec. 31, 2021. Production including Libya averaged 1,567 MBOED for the 12 months ended Dec. 31, 2021, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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Federal lawmakers, business leaders, and industry innovators discussed the importance of a diverse talent pipeline to ensure a more inclusive, cleaner energy future

WASHINGTON--(BUSINESS WIRE)--Yesterday, Southern Company partnered with Black Enterprise to present Investing in Tomorrow, Today, a virtual event bringing together U.S. Senator Raphael Warnock of Georgia; Georgia Power’s Chairman, President, and CEO Chris Womack; Rep. Terri Sewell of Alabama’s 7th congressional district and the Bipartisan HBCU Caucus; Dr. David A. Thomas, President of Morehouse College; and Anthony Oni, Managing Partner of Elevate Future Fund and Chair of the Propel Center, for a conversation on the business case for supporting a diverse energy workforce.

“Yesterday’s summit is a testament to the vital role that diversity and inclusion plays in every area of our society, including our energy sector,” said Senator Warnock in his opening remarks. “Black Enterprise has long been a beacon for black business and entrepreneurship and has inspired countless people into tech, financial, and energy sectors. And as a Senator for Georgia, I commend Georgia Power’s deep commitment to prioritizing diversity in the talent pool and keeping the talent pipeline strong.”

Southern Company recognizes that building a clean energy economy requires an inclusive talent pipeline, and remains committed to advancing educational equity by ensuring students have access to the resources and opportunities needed to excel in innovative industries.

"Our job in Congress is to utilize [federal] dollars in the best way possible to encourage innovation, better educational opportunities, and closing the wealth gap," said Congresswoman Terri Sewell of Alabama. "Currently, as a top priority for the HBCU Bipartisan Caucus, we're working on legislation that will promote better infrastructure and research development opportunities on campus, which pairs really well with Alabama Power's efforts in promoting Black entrepreneurship and innovation."

In 2021, Southern Company invested $50 million toward Historically Black Colleges and Universities (HBCUs), including $25 million towards the Atlanta-based Propel Center–a global innovation hub for HBCU students.

“At Georgia Power and all across Southern Company, diversity, equity, and inclusion are key focus areas for our company,” said Georgia Power’s Chairman, President, and CEO Chris Womack. “We’ve done a lot of work putting together a real, structured framework that makes sure that we’re doing a lot of listening and engagement with our employees and with our communities [which] puts us on a path to make sure we’re making the right kind of decisions for the long haul.”

Learn how Southern Company is ensuring a more equitable workplace in their 2021 Transformation Report: Moving to Equity.

The full event, Investing in Tomorrow, Today, can be viewed here.

About Southern Company

Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.

Rachael Payton
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (“COP”) announced today the pricing terms with respect to its private offer to exchange (the “Pool 1 Offer”) four series of notes issued by COP, ConocoPhillips Company (“CPCo”) and Burlington Resources LLC (“Burlington”) as described in the table below (collectively, the “Pool 1 Notes”) for a combination of cash and a new series of CPCo’s senior notes due 2062 (the “New 2062 Notes”). For each $1,000 principal amount of Pool 1 Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on March 7, 2022, and accepted by COP, the following table sets forth the yields, the total consideration, the principal amount of the New 2062 Notes and amount of cash, as priced below.

COP also announced today the pricing terms with respect to its private offer to exchange (the “Pool 2 Offer” and, together with the Pool 1 Offer, the “Exchange Offers”) five series of notes issued by CPCo, Burlington and Burlington Resources Oil & Gas Company LP (“BRO&G”) as described in the table below (collectively, the “Pool 2 Notes” and, together with the Pool 1 Notes, the “Old Notes”) for a combination of cash and a new series of CPCo’s senior notes due 2042 (the “New 2042 Notes” and, together with the New 2062 Notes, the “New Notes”). For each $1,000 principal amount of Pool 2 Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on March 7, 2022, and accepted by COP, the following table sets forth the yields, the total consideration, the principal amount of the New 2042 Notes and the amount of cash, as priced below.

In addition, holders whose Old Notes are accepted for exchange will receive in cash accrued and unpaid interest from the last applicable interest payment date to, but excluding, the date on which the exchange of such Old Notes is settled, and amounts due in lieu of fractional amounts of New Notes.

Based on the amount of Old Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on March 7, 2022 (the “Early Participation Deadline”) and in accordance with the terms of the Exchange Offers, COP, CPCo, Burlington and BRO&G, as applicable, expect to accept, on the early settlement date (expected to be March 11, 2022), all of the Pool 1 Notes and Pool 2 Notes validly tendered and not validly withdrawn prior to the Early Participation Deadline.

The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in the Offering Memorandum.

Only Eligible Holders (as defined below) of Old Notes who validly tendered their Old Notes at or before the Early Participation Deadline, who had not validly withdrawn their tenders prior to the Withdrawal Deadline (as defined in the Offering Memorandum) and whose Old Notes are accepted for exchange, will receive the Early Participation Payment.

The yield on the New 2062 Notes will be 4.025%, and the New Issue Price of the New 2062 Notes will be $1,000, which has been determined by reference to the bid-side yield on the 1.875% U.S. Treasury Notes due November 15, 2051, as of 10:00 a.m., New York City time, on March 8, 2022 (such date and time, the “Pricing Determination Date”), which was 2.275%, plus 1.75%. The yield on the New 2042 Notes will be 3.758%, and the New Issue Price of the New 2042 Notes will be $1,000, which has been determined by reference to the bid-side yield on the 2.375% U.S. Treasury Notes due February 15, 2042, as of the Pricing Determination Date, which was 2.358%, plus 1.40%.

The Exchange Offers will expire at one minute after 11:59 p.m., New York City time, on March 21, 2022, unless extended (the “Expiration Date”) or earlier terminated. The Withdrawal Deadline for the Exchange Offers occurred at 5:00 p.m., New York City time, on March 7, 2022. As a result, tendered Old Notes may no longer be validly withdrawn except in the limited circumstances where additional withdrawal rights are required by law (as determined by COP).

The Exchange Offers are only being made, and the New Notes are only being offered and will only be issued, and copies of the offering documents will only be made available, to holders of Old Notes (1) either (a) in the United States, that are “qualified institutional buyers,” or “QIBs,” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act or (b) outside the United States, that are persons other than “U.S. persons,” as that term is defined in Rule 902 under the Securities Act, in offshore transactions in reliance upon Regulation S under the Securities Act, or a dealer or other professional fiduciary organized, incorporated or (if an individual) residing in the United States holding a discretionary account or similar account (other than an estate or a trust) for the benefit or account of a non-“U.S. person,” and (2) (a) if located or resident in any Member State of the European Economic Area, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129), and consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the European Economic Area has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the European Economic Area may be unlawful under the PRIIPs Regulation; or (b) if located or resident in the United Kingdom, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA), and consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation (“Eligible Holders”). The Exchange Offers will not be made to holders of Old Notes who are located in Canada. Only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. There is no separate letter of transmittal in connection with the Offering Memorandum.

The New Notes have not been registered under the Securities Act or any state securities laws. Therefore, the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Old Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in the Exchange Offers before the deadlines specified herein and in the Offering Memorandum and eligibility certification. The deadlines set by each clearing system for the submission and withdrawal of exchange instructions will also be earlier than the relevant deadlines specified herein and in the Offering Memorandum and eligibility certification.

This news release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers are being made solely by the Offering Memorandum and eligibility certification and only to such persons and in such jurisdictions as is permitted under applicable law.

Global Bondholder Services Corporation has been appointed as the exchange agent and information agent for the Exchange Offers. Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Offering Memorandum and eligibility certification may be directed to Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or (212) 430-3774 (banks and brokers) or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Offering Memorandum and eligibility certification can be accessed at the following link: https://gbsc-usa.com/eligibility/cop.

--- # # # ---

About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $91 billion of total assets and approximately 9,900 employees at Dec. 31, 2021. Production including Libya averaged 1,567 MBOED for the 12 months ended Dec. 31, 2021, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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LA PLATA, Md.--(BUSINESS WIRE)--The Wills Group announced today that SMO, Incorporated acquired six retail fuel and convenience locations from MAPCO. The acquisition was finalized on March 3, 2022, and includes six MAPCO locations along the Virginia I-95 corridor and in Warrenton, Virginia.

SMO, Incorporated will operate the six retail locations with the fuel locations becoming a part of the Wills Group’s fuel network. With this acquisition, the Wills Group and SMO, Incorporated will now operate 277 locations across the Mid-Atlantic region and greatly expand its presence in the truck diesel market.

“We’re excited about the addition of these six locations to the Wills Group’s strong family of brands across our retail business, which also include Dash In, Splash In ECO Car Wash, and SMO Motor Fuels,” said Joe Wills, Executive Vice President of Fuels Marketing and Real Estate for the Wills Group. “These locations support our efforts to strengthen our presence along the I-95 corridor north and south of Richmond, Virginia and also allow the Wills Group to expand our footprint with the addition of the Warrenton, Virginia location. We look forward to working across these communities to demonstrate the Wills Group’s commitment to serving our customers and their communities.”

The Wills Group is working to complete the process of transitioning supplier and vendor agreements to SMO, Incorporated, and is also working to integrate the MAPCO locations into its retail fuels and convenience store operations.

About The Wills Group, Inc.

Headquartered in La Plata, Maryland, the Wills Group has 277 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers, employees, and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.

Rayma Alexander
The Wills Group
301-636-0251
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Jim Healy
Alluvus
202-332-6690
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EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED^® technology and materials, today announced its participation in the following investor and industry conferences.

Investor Conference:

Bank of America Securities 2022 APAC TMT Virtual Conference
Date: March 15, 2022
Presentation Time: 9:00 PM EDT/9:00 AM HKT +1
Location: Virtual
Presenter: Darice Liu, Senior Director, Investor Relations & Corporate Communications
Topic: Universal Display on OLED Theme – Why it Can be a More Disruptive Tech

Industry Conferences:

LOPEC Business Conference
Date: March 22, 2022
Location: Munich, Germany
Presenter: Dr. Mike Hack, Vice President of Business Development
Presentation: Growing Opportunities for Phosphorescent OLED Technology

OLED Korea
Date: April 7-8, 2022
Location: Busan, Korea
Presenter: Dr. Mike Hack, Vice President of Business Development
Presentation: Opportunities for Phosphorescent OLED Technology

ICDT Conference
Date: April 25-27, 2022
Location: Fuzhou, China

Presenter: Dr. Zhiqiang Ji, Senior Research Scientist
Presentation: Highly Efficient Near-Infrared Phosphorescent Materials and OLEDS

Presenter: Dr. Mike Weaver, Vice President of PHOLED R&D
Presentation: Next Generation OLEDs

Presenter: Dr. Nicholas Thompson, Senior R&D Manager
Presentation: Plasmonic PHOLED: Increasing Plasmon Outcoupling

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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Universal Display:
Darice Liu
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, announced its participation in a clean energy project in Denmark, aiming to power the ferry service between the Danish island of Læsø and Frederikshavn with a low-carbon propulsion system.

The project is funded by the EU Regional Development Fund ”Innovation Collaboration in the Offshore Cluster” and is facilitated by Energy Cluster Denmark. Partners of the project with Advent include the Læsø Municipality, OSK-ShipTech, Emenergi, Nordhavn Power Solutions, and, Hydrogen Valley, as well as the knowledge institutions DBI and AAU Energy.

The partners will work together to identify ideal alternative fuels to replace the ferry’s current diesel powerplant and determine whether the Læsø ferry service will be able to operate effectively on a daily basis, using only green fuels. One of the proposals to be examined will be the combination of methanol driven engines and fuel cells. The objective will be to identify a panacea for decarbonizing many of the 53 ferry routes currently operating in Danish waters.

Commenting on the project’s potential, Mr. Morten Sørensen, Advent’s Senior Vice President, stated: “We are happy to be joining forces with trusted partners across several industries, having a shared goal to create a safe and sustainable solution for Denmark’s ferries, replacing their current propulsion systems which operate on traditional technologies and diesel fuels. As a project partner, Advent will play a key role in enabling significant reductions in emissions of climate-changing gases and air pollutants.”

Currently, ferries traveling to the Danish island of Læsø typically consume approximately 1,600 cubic meters of diesel fuel annually, corresponding to the emission of approximately 5,000 tons of CO2 per year. Besides demonstrating proof-of-concept for this new low-carbon solution, the project will also seek to define exact installation requirements for the new technology, as well as to identify a thorough process for refueling and methanol storage in passenger ferries.

Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer, said: “Advent Technologies is proud to actively participate in the global efforts aimed at ensuring a clearer and viable pathway to carbon neutrality. Green methanol is an ideal hydrogen carrier fuel and when combined with our fuel cells can provide the required synergy of clean fuel and clean power for the maritime industry. Our HT-PEM technology is ideally suited for the on-board use of methanol as a fuel in this project and, potentially, across the transportation sector.”

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued and licensed for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

Advent Technologies Holdings, Inc.
Elisabeth Maragoula / Chris Kaskavelis
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ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, reported today that its 2022 Investor Day initially planned for March 22, 2022 will be postponed until a later date. The Company will disclose the new date as soon as it is available.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

Analysts: Alvaro Ortega, This email address is being protected from spambots. You need JavaScript enabled to view it., 207-629-7412
Media: Zsoka McDonald, This email address is being protected from spambots. You need JavaScript enabled to view it., 203-997-6892

Sol-REIT is the first firm to bring the mortgage REIT model to the solar industry, revolutionizing clean energy finance for middle-market solar developers.

MIAMI--(BUSINESS WIRE)--Sol-REIT, LLC today announced the closing of a term loan refinancing of the Inspira solar project in southern New Jersey. With the closing of this loan, Sol-REIT will be moving quickly to execute upon its $300 million and growing loan origination pipeline of construction-to-permanent loan financing opportunities for middle-market solar projects across the United States.

“Middle-market solar developers are the backbone of our emerging industry,” said Sol-REIT’s CEO, Mark Settles. “Sol-REIT is proud to provide developers fixed-rate, long-term financing that finally closes the gap in developer access to capital.”

To capitalize on its loan investments, Sol-REIT is completing its initial round of senior preferred equity investor commitments and is in the process of raising an additional $300 million in an institutional round.

“Our offerings streamline access to capital for solar developers while providing investors much-needed access to green investments,” said Brian A. Sidman, Sol-REIT’s Co-Founder & Head of Capital Markets. “Investments like these in a portfolio, backed by solar projects with Inspira coupled with high-quality energy off-takers, provide both income-generating opportunities and growth potential.”

The Inspira solar project currently serves the 210-room Inspira Medical Center, the 100-acre campus in Mullica Hill, New Jersey, just 20 miles southeast of Philadelphia. The borrower has executed a 15-year power purchase agreement (“PPA”) with the medical center. Sol-REIT’s term loan finances the remaining 13-years of operations under the PPA. The ground-mount solar project comprises nearly 3,600 solar panels generating 1.8 million kWh of renewable electricity each year, enough to power 163 homes.

About Sol-REIT:

Sol-REIT revolutionizes clean energy financing by providing innovative construction-to-permanent loans for middle-market solar developments across North America. This segment is remarkably underserved in today’s renewable energy market.

Led by a team of industry experts experienced in solar development, real estate lending, REITs, and fixed income, Sol-REIT is the first investment vehicle to bring mortgage REITs to the renewables market.

In the process, Sol-REIT strives to play an important role in reducing the global carbon footprint.

By financing solar similar to real estate, Sol-REIT offers flexible financing for solar projects that matches the asset’s operational life while empowering solar developer entrepreneurs to become long-term owners of their own projects. Sol-REIT is currently financing individual solar projects with an average loan size of $5 million to $50 million. For more information, visit https://www.sol-reit.com

Jim Spano
Co-Founder & Director of Originations
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(908) 947-8170
www.sol-reit.com

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its fourth quarter and full-year 2021 financial results, and has posted an updated investor presentation to its website.

Operational Highlights for the Fourth Quarter 2021

Assuming a full quarter of contribution from the merged Civitas companies:

• Average daily sales volumes were 153.5 thousand barrels of oil equivalent per day (“MBoe/d”), with oil representing 40% of total volumes, relative to guidance of 148-154 Mboe/d with oil representing 39-41% of the total
• Total capital expenditures were $227 million relative to guidance of $220-260 million

Other Financial Highlights for the Fourth Quarter and Full-Year 2021

• GAAP net income of $163.7 million for the fourth quarter and $178.9 million for full-year 2021
• Adjusted EBITDAX⁽¹⁾ of $157.1 million for the fourth quarter and $405.7 million for full-year 2021
• Year-end 2021 proved reserves of 397.7 MMBoe, up 236% from 2020 year-end reserves, with a PV-10 of $5.3 billion and Standardized Measure of $4.4 billion
• Lease operating expenses (“LOE”) of $2.22 per Boe for the fourth quarter; down 23% from the third quarter of 2021, and up 1% from the fourth quarter of 2020; full-year 2021 LOE of approximately $2.56 per Boe, up 8% from 2020
• Recurring cash G&A⁽¹⁾ expense, which excludes non-cash and non-recurring expenses, was $21.4 million for the quarter, or $2.00 per Boe, down sequentially from $2.31 per Boe in the third quarter of 2021
• Exited 2021 with approximately $1.0 billion of liquidity, including an undrawn credit facility and approximately $254.5 million of cash, after giving effect to an aggregate of $21.7 million of undrawn letters of credit

Combined Base and Variable Dividend to be Paid in March

The Company's board of directors has elected to pay a dividend of $1.2125/share in the first quarter, which reflects the combination of a variable dividend of $0.7500/share and a base dividend of $0.4625/share. This dividend will be paid on March 30, 2022 to shareholders of record as of March 18, 2022. Additional detail regarding the calculation of the variable dividend can be found in the Company's new investor presentation.

Ben Dell, Chairman and Interim Chief Executive Officer, commented, “As Colorado's largest pure-play E&P company and the first to be carbon neutral, we are very excited about the future of Civitas. We are building a best in class, industry leading company with a simple approach to generating value through high quality assets, low operating costs and accretive consolidation while returning excess cash to shareholders. We had a solid quarter as a combined company execution wise, delivering on production and capex relative to our previously provided guidance, and we exited the year with very low leverage and substantial liquidity. We have continued to demonstrate our disciplined approach to M&A with the recently closed acquisition of Bison and we are following through on our commitment to return a substantial amount of cash to shareholders with the declaration of our first quarterly variable dividend, which will be paid in March in combination with the base dividend."

Fourth Quarter 2021 Results

During the fourth quarter of 2021, the Company reported average daily sales of 116.2 MBoe/d. Product mix for the fourth quarter was 42% crude oil, 26% natural gas liquids and 32% natural gas. The table below provides sales volumes, product mix, and average sales prices for the fourth quarter and full-year 2021 and 2020.

Capital expenditures were $170.9 million for the fourth quarter of 2021 and $299.4 million for the full-year 2021. The Company drilled 28 gross (22 net) operated wells, completed 47 gross (40 net) operated wells, and turned to sales 39 gross (33 net) operated wells during the fourth quarter. During the quarter, Civitas drilled a 3 mile horizontal well with a 16 degree tangent (1,500' stepout) in 3.85 days spud-to-TD (23,300+ feet), a record for the DJ Basin.

Net crude oil, natural gas liquids and natural gas revenue for the fourth quarter of 2021 increased to $510.5 million compared to $190.0 million for the third quarter of 2021. The increase was a result of higher crude oil, natural gas liquids and natural gas realized prices and a significant increase in sales volumes, primarily related the acquisitions that closed on November 1, 2021. Crude oil accounted for approximately 62% of total revenue for the quarter. Differentials for the Company's crude oil production averaged approximately $6.90 per barrel in the fourth quarter.

LOE for the fourth quarter of 2021 on a unit basis decreased to $2.22 per Boe, compared to $2.87 per Boe in the third quarter of 2021. Full-year 2021 LOE was $2.56 per Boe.

RMI net effective cost for the fourth quarter 2021 was $0.45 per Boe, which consists of $0.57 per Boe of RMI operating expense offset by $0.12 per Boe of RMI operating revenue from working interest partners. RMI full-year 2021 net effective cost was $0.63 per Boe, which consists of $0.85 per Boe of RMI operating expense offset by $0.23 per Boe of RMI operating revenue from working interest partners. RMI operating revenue from working interest partners is based on production volumes and the fees are not tied to crude oil or natural gas prices.

The Company's general and administrative ("G&A") expenses were $32.0 million for the fourth quarter of 2021, which included $9.5 million in non-cash stock-based compensation. Recurring cash G&A, which excludes non-recurring and non-cash items, was $21.4 million for the fourth quarter of 2021. On a per unit basis, the Company's recurring cash G&A decreased 13% sequentially from $2.31 per Boe in the third quarter of 2021 to $2.00 per Boe in the fourth quarter of 2021.

RMI net effective cost and recurring cash G&A are non-GAAP measures. Please see Schedule 8 and Schedule 9 at the end of this release for a reconciliation to the most comparable GAAP measure.

2021 Proved Reserves, Costs Incurred, and Finding and Development Costs

As of year-end 2021, the Company had proved reserves of 397.7 MMBoe, a 236% increase from year-end 2020 reserves. The Company's year-end 2021 proved reserves were comprised of 143.6 MMbbls of crude oil, 106.0 MMbbls of natural gas liquids, and 888.5 Bcf of natural gas, and 80% of the total proved reserves were proved-developed. At year-end, the Company’s proved reserves PV-10, utilizing Securities and Exchange Commission ("SEC") pricing, was $5.3 billion. Civitas’s independent reserve engineering firm, Ryder Scott Company, LP., completed its estimate of the Company’s year-end 2021 proved reserves in accordance with SEC guidelines using pricing of $66.56 per barrel for crude oil and $3.60 per million British Thermal Units (MMBtu) for natural gas. Please see Schedule 7 at the end of this release for information on SEC pricing and a reconciliation of PV-10 to the GAAP figure “Standardized Measure of Oil and Gas.”

A breakout of the Company’s costs incurred are provided in the table below.

Proved Reserve Roll-Forward

2022 Guidance

2022 Company guidance reflects the closing of the Bison acquisition on March 1, 2022. The Company expects an average crude oil price differential of roughly -$6.00/Bbl relative to WTI during the year. Civitas does not expect to be a cash income taxpayer this year at the commodity prices assumed below.

Conference Call Information

The Company will host a conference call to discuss these results on March 9, 2022 at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay will be available on the Investor Relations section of the Company’s website at www.civiresources.com. Dial-in information for the conference call is included below.

About Civitas Resources, Inc.

Civitas Resources, Inc. is Colorado’s first carbon neutral oil & gas producer and is focused on developing and producing crude oil, natural gas and natural gas liquids in Colorado’s Denver-Julesburg Basin. The Company is committed to pursuing compelling economic returns and cash flow while delivering best-in-class cost leadership and capital efficiency. Civitas is dedicated to safety, environmental responsibility, and implementing industry leading practices to create a positive local impact. For more information about Civitas, please visit www.civiresources.com.

Forward-Looking Statements and Cautionary Statements

Certain statements in this press release concerning the credit facility, the results, effects, benefits and synergies of the acquisition of Bison, future opportunities for Civitas, future financial performance and condition, guidance and any other statements regarding Civitas’ future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are “forward-looking” statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words “anticipate,” “believe,” “ensure,” “expect,” “if,” “intend,” “estimate,” “probable,” “project,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,” “should,” “would,” “potential,” “may,” “might,” “anticipate,” “likely” “plan,” “positioned,” “strategy,” and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the ultimate timing, outcome and results of integrating the legacy operations of Civitas; changes in capital markets and the ability of Civitas to finance operations in the manner expected; the effects of commodity prices; the risks of oil and gas activities; and the fact that operating costs and business disruption may be greater than expected. Additionally, risks and uncertainties that could cause actual results to differ materially from those anticipated also include general economic conditions, whether internationally, nationally or in the regional and local market areas in which we do business; the effects of disruption of our operations or excess supply of oil and natural gas due to the COVID-19 pandemic and the actions by certain oil and natural gas producing countries; the scope, duration and severity of the COVID-19 pandemic, including any recurrence, as well as the timing of the economic recovery following the pandemic; ability of our customers to meet their obligations to us; our ability to generate sufficient cash flow from operations, borrowings, or other sources to enable us to fully develop our undeveloped acreage positions; the presence or recoverability of estimated oil and natural gas reserves and the actual future sales volume rates and associated costs; uncertainties associated with estimates of proved oil and gas reserves; the assumptions underlying forecasts, including forecasts of production, well costs, capital expenditures, rates of return, expenses, cash flow and cash flow from purchases and sales of oil and gas; the possibility that the industry may be subject to future local, state, and federal regulatory or legislative actions (including additional taxes and changes in environmental regulation); environmental risks; seasonal weather conditions; drilling and operating risks, including the risks associated with the employment of horizontal drilling and completion techniques; our ability to acquire adequate supplies of water for drilling and completion operations; availability of oilfield equipment, services, and personnel; exploration and development risks; competition in the oil and natural gas industry; our ability to secure adequate processing capacity for natural gas we produce, to secure adequate transportation for oil, natural gas, and natural gas liquids we produce, and to sell the oil, natural gas, and natural gas liquids at market prices; continued hostilities in Ukraine, the Middle East, South America, and other sustained military campaigns or acts of terrorism or sabotage; and other economic, competitive, governmental, legislative, regulatory, geopolitical, and technological factors that may negatively impact our businesses, operations, or pricing. Expectations regarding business outlook, including changes in revenue, pricing, capital expenditures, cash flow generation, strategies for our operations, oil and natural gas market conditions, legal, economic and regulatory conditions, and environmental matters are only forecasts regarding these matters.

Additional information concerning other risk factors is also contained in Civitas’ most recently filed Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other Securities and Exchange Commission (“SEC”) filings. Civitas undertakes no duty to publicly update these statements except as required by law.

Schedule 1: Statement of Operations
(in thousands, expect for per share amounts, unaudited)

Schedule 2: Statement of Cash Flows
(in thousands, unaudited)

Schedule 3: Balance Sheets
(in thousands, unaudited)

Schedule 4: Per unit operating margins
(unaudited)

Investor Relations:
John Wren, This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
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DALLAS--(BUSINESS WIRE)--Petro-Hunt Permian, LLC, a fully owned subsidiary of Petro-Hunt, L.L.C., has completed the acquisition from APR Operating LLC (dba Admiral Permian Resources) of predominantly operated oil and gas production and leasehold in Northwest Reeves and Northeast Culberson Counties, Texas, in the Delaware Basin.

Current gross operated production from the assets being acquired is approximately 7,000 bopd and 100 mmcfpd on 21,430 net acres of leasehold. Petro-Hunt plans to commence an active development drilling program on these assets later this year.

Petro-Hunt, L.L.C. is a privately owned exploration and production company headquartered in Dallas, TX. Including the acquired assets Petro-Hunt and its subsidiaries and affiliates’ current gross operated production capacity is approximately 57,000 bopd and 220 mmcfpd.

For further inquiries regarding this press release, you may contact Douglas Hunt at email This email address is being protected from spambots. You need JavaScript enabled to view it. or phone 214-880-8482.

Douglas Hunt
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214-880-8482

iEnergy^® Stack enables digital transformation to reduce total cost of ownership

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced that Petrobel, a joint venture between ENI and the Egyptian General Petroleum Corporation, awarded a contract to deploy iEnergy^® Stack, Halliburton’s cloud solution that runs on-premise, to manage petrotechnical software applications. The solution delivers DecisionSpace^® 365 cloud-based subscription services and supports operators’ and third-parties’ applications.

Building a private cloud infrastructure is a crucial first step in Petrobel’s digital transformation and data residency requirements. The iEnergy^® Stack accelerates interpretation workflows, especially the ones involving large data sets, and enables agile and collaborative E&P workflows.

iEnergy^® Stack is based on Halliburton’s proven E&P cloud delivery that helps ensure the most optimal configuration of computing and storage elements to deliver a ready-to-deploy private cloud infrastructure. It provides a single, unified experience for end users and system administrators for all energy applications. This greatly reduces total cost of ownership and the complexity of managing numerous applications compared to the past.

“Halliburton continues to advance computing to accelerate the digital journey and lower total cost of ownership for our customers,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting. “We look forward to working with Petrobel to improve their efficiency and maximize asset value by optimizing their E&P infrastructure.”

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

For Investors:
David Coleman
Investor Relations
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281-871-2688

For News Media:
Emily Mir
External Affairs
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281-871-2601

As Teradata’s exclusive licensee of BitBox™ automated drill bit inspection technology, Wellbore Matters, a Texas startup, is taking it to market with its new generation rig deployable solution

GALVESTON, Texas--(BUSINESS WIRE)--Wellbore Matters, LLC is announcing today, at the industry’s largest US drilling conference, IADC/SPE Conference and Exposition, that they have secured an exclusive license to integrate Teradata’s incubated BitBox™ technology into its new generation rig deployable solution. The partnership leverages Teradata’s industry leading technology, in both drill bit analysis and data analytic platforms, enabling Wellbore Matters customers to use automation to revolutionize drill bit grading, inspection, and drilling analytics.

Brett Luedde, Vice President of Energy and Natural Resources, said, “Teradata is focused on connecting data and analytics in the cloud, and we believe BitBox will be a transformative technology for drill bit decisions. We needed the right partner, with entrepreneurial experience and industry knowledge, to advance BitBox and grow its application as part of our Vantage multi-cloud data platform.”

BitBox is a hybrid system. The physical inspection device captures 180 images of a drill bit. After upload to the cloud BitBox software, the images are processed into a high-resolution 3D model using photogrammetry. AI and machine learning processes then fully characterize every drill bit component, identity, measure defects, and build constructs of the drill bit which enable studies of individual blades and cutters, as well as ordinality of the defects.

“Teradata and Wellbore Matters are fully aligned in the mission to grow BitBox usage and the application of data analytics to improve decision making for oil and gas operations,” said John Gibb, Wellbore’s Founder and CEO.

With its licensing of the technology, Wellbore Matters secured the services of Teradata’s program development team, and is partnering with its oil and gas sales team, and is collaborating in the development of a new online system for drill bit education.

Scott Wise, Founder and COO of Wellbore, spoke to the significant relationship with Teradata: “It was important for us to retain the knowledge chain. Our role is to bring BitBox over the threshold. Wellbore Matters is delivering a ruggedized commercial system that can be deployed to any rig environment and deliver drill bit intelligence anywhere. Our first Model 2.0 units (several of which are spoken for) will be going into the field in September 2022, and customers can’t wait.”

About Wellbore Matters, LLC

Wellbore Matters, LLC is a privately held company committed to the mission to maximize the combined power of vision technologies and data analytics to solve inspection limitations. Wellbore Matters’ product is repeatably reliable measurement and advanced comparative analytics for customers to improve decision-making and drilling performance. Headquartered in Houston, TX, Wellbore Matters services US, and global markets. For more information, visit www.wellborematters.com.

Media Contact:
Name: Allison Kelley
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (469) 343-2927

New end-to-end emissions solutions business offers a unique range of solutions to help operators identify, quantify, report, and eliminate emissions as they work toward their decarbonization objectives

HOUSTON--(BUSINESS WIRE)--Schlumberger announced today the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane and routine flare emissions from their operations. SEES launches at a critical time in the industry—today we witnessed leadership from Oil and Gas Climate Initiative (OGCI) members who announced their aim for zero methane gas emissions in oil and gas operations by 2030. Methane and flare emissions currently account for more than 60% of direct (Scope 1 and 2) greenhouse gas (GHG) emissions from the industry.

Schlumberger Chief Technology Officer Demos Pafitis commented: “We have created SEES specifically to help our customers deal with one of the most pressing issues of climate change: the urgent need to cut methane emissions. Due to its potency as a GHG and its major share of the industry’s overall operational emissions, tackling methane emissions will make a significant impact.”

As energy companies seek to operate in a more sustainable manner, they will need to more reliably report and reduce their methane emissions and flaring activity. Currently, when looking for answers and partners to address this challenge, they are faced with a patchwork of disparate offerings—SEES changes that.

SEES delivers a holistic approach to enable operators to develop a successful methane emissions elimination strategy from the outset. The approach builds on three pillars—plan, measure, and act—that are all underpinned by the industry’s first methane emissions digital platform, accessible in the DELFI* cognitive E&P environment, to provide a comprehensive and differentiated path for operators to achieve their decarbonization objectives:

1. Plan: Schlumberger screens a wide array of measurement and abatement solutions to identify the most cost-effective technology mix for any operator’s specific assets.
2. Measure: Schlumberger uniquely provides operators access to the full range of curated, best-in-class third party and in-house solutions, after rigorous evaluation of 97 methane measurement technologies.
3. Act: Though other service providers can inform an operator where emissions are occurring, Schlumberger—through its end-to-end offering—first finds the emissions and then takes remedial action to eliminate them.

In addition, robust data and a digital foundation will enable customers to have a secure, reliable single place for integrating multi-source emissions data with advice, plans and insights.

Kahina Abdeli-Galinier, Schlumberger emissions business director, commented: “The urgency of methane and flare challenges means emission detection, measurement, reporting and abatement approaches need to mature rapidly. To benefit the industry, SEES aspires to become the trusted partner for operators looking to reduce their emissions footprint quickly, credibly, and in the right way. To benefit the planet, our objective is to work with our customers to eliminate 1% of all anthropogenic GHG emissions by 2030.”

SEES combines Schlumberger’s extensive measurement and planning experience with the ability to assess and implement emerging technology, foundational data, AI, and digital capabilities, and the means to scale and deploy anywhere in the world. The business has also developed extensive knowledge and expertise in international reporting and certification standards related to GHG emissions. Recent customer engagements include building a digital platform to support a multi-sensor, multi-operator monitoring program, and entering into a consulting contract with an IOC to enable them to comply with the Oil and Gas Methane Partnership (OGMP) 2.0 framework for methane.

For more information, visit www.slb.com/SEES.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws—that is, any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “objective,” “aspire,” “aim,” “potential,” “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as projected demand growth for end-to-end emissions solutions; and forecasts or expectations regarding energy transition and global climate change. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from SEES and other Schlumberger strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; and other risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

*Mark of Schlumberger.

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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DUBLIN--(BUSINESS WIRE)--The "Power Transmission Towers & Cables Market Research Report by Voltage, by Current, by Type, by Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Power Transmission Towers & Cables Market size was estimated at USD 19.90 billion in 2020, is expected to reach USD 21.30 billion in 2021, and is projected to grow at a CAGR of 7.39% to reach USD 32.80 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Power Transmission Towers & Cables Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Power Transmission Towers & Cables Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Power Transmission Towers & Cables Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Power Transmission Towers & Cables Market?

4. What is the competitive strategic window for opportunities in the Global Power Transmission Towers & Cables Market?

5. What are the technology trends and regulatory frameworks in the Global Power Transmission Towers & Cables Market?

6. What is the market share of the leading vendors in the Global Power Transmission Towers & Cables Market?

7. What modes and strategic moves are considered suitable for entering the Global Power Transmission Towers & Cables Market?

Market Dynamics

Drivers

• Growing inclusion of renewable power resources
• Up-gradation of aging grid infrastructure
• Demand for high quality and uninterrupted electricity
• High resistance to corrosion and low sagging ability
• Advancements in HVDC transmission to transfer power over long distances

Restraints

• Upfront cost of high-voltage direct current (HVDC) transmission systems
• High safety risk as it exposed to surrounding areas

Opportunities

• Rapid urbanization and industrialization
• Grid modernization and the smart grid projects
• Rising underground and submarine power transmission

Challenges

• Vulnerable to lightning strikes
• Continuous pathways for the line creates obstructions

Companies Mentioned

• ABB Ltd.
• Arteche Group
• General Cable Technologies Corporation
• Kalpataru Power Transmission Ltd
• KEC International Ltd
• Nanjing Daji Iron Tower Manufacturing Co. Ltd
• Nexans S.A.
• Prysmian S.p.A.
• Shandong DingChang Tower Co. Ltd.
• Siemens AG
• Southwire Company
• Sterling and Wilson Pvt. Ltd.
• Sumitomo Electric Industries Ltd
• Zhejiang Shengda Steel Tower Co. Ltd. 

For more information about this report visit https://www.researchandmarkets.com/r/7a3c8c

ResearchAndMarkets.com
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New end-to-end emissions solutions business offers a unique range of solutions to help operators identify, quantify, report, and eliminate emissions as they work toward their decarbonization objectives

HOUSTON--(BUSINESS WIRE)--Regulatory News:

Schlumberger announced today the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane and routine flare emissions from their operations. SEES launches at a critical time in the industry—today we witnessed leadership from Oil and Gas Climate Initiative (OGCI) members who announced their aim for zero methane gas emissions in oil and gas operations by 2030. Methane and flare emissions currently account for more than 60% of direct (Scope 1 and 2) greenhouse gas (GHG) emissions from the industry.

Schlumberger Chief Technology Officer Demos Pafitis commented: “We have created SEES specifically to help our customers deal with one of the most pressing issues of climate change: the urgent need to cut methane emissions. Due to its potency as a GHG and its major share of the industry’s overall operational emissions, tackling methane emissions will make a significant impact.”

As energy companies seek to operate in a more sustainable manner, they will need to more reliably report and reduce their methane emissions and flaring activity. Currently, when looking for answers and partners to address this challenge, they are faced with a patchwork of disparate offerings—SEES changes that.

SEES delivers a holistic approach to enable operators to develop a successful methane emissions elimination strategy from the outset. The approach builds on three pillars—plan, measure, and act—that are all underpinned by the industry’s first methane emissions digital platform, accessible in the DELFI* cognitive E&P environment, to provide a comprehensive and differentiated path for operators to achieve their decarbonization objectives:

1. Plan: Schlumberger screens a wide array of measurement and abatement solutions to identify the most cost-effective technology mix for any operator’s specific assets.
2. Measure: Schlumberger uniquely provides operators access to the full range of curated, best-in-class third party and in-house solutions, after rigorous evaluation of 97 methane measurement technologies.
3. Act: Though other service providers can inform an operator where emissions are occurring, Schlumberger—through its end-to-end offering—first finds the emissions and then takes remedial action to eliminate them.

In addition, robust data and a digital foundation will enable customers to have a secure, reliable single place for integrating multi-source emissions data with advice, plans and insights.

Kahina Abdeli-Galinier, Schlumberger emissions business director, commented: “The urgency of methane and flare challenges means emission detection, measurement, reporting and abatement approaches need to mature rapidly. To benefit the industry, SEES aspires to become the trusted partner for operators looking to reduce their emissions footprint quickly, credibly, and in the right way. To benefit the planet, our objective is to work with our customers to eliminate 1% of all anthropogenic GHG emissions by 2030.”

SEES combines Schlumberger’s extensive measurement and planning experience with the ability to assess and implement emerging technology, foundational data, AI, and digital capabilities, and the means to scale and deploy anywhere in the world. The business has also developed extensive knowledge and expertise in international reporting and certification standards related to GHG emissions. Recent customer engagements include building a digital platform to support a multi-sensor, multi-operator monitoring program, and entering into a consulting contract with an IOC to enable them to comply with the Oil and Gas Methane Partnership (OGMP) 2.0 framework for methane.

For more information, visit www.slb.com/SEES.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws—that is, any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “objective,” “aspire,” “aim,” “potential,” “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as projected demand growth for end-to-end emissions solutions; and forecasts or expectations regarding energy transition and global climate change. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from SEES and other Schlumberger strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; and other risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

*Mark of Schlumberger.

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
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