EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) will hold its quarterly conference call to discuss fourth quarter 2020 results on Wednesday, January 27, 2021, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The results will be released via press release after market close on Tuesday, January 26, 2021. We invite call participants to submit questions in advance of the conference call, and we will respond to as many of the questions as we can in the time allowed. To submit your question(s) in advance of the call, please email This email address is being protected from spambots. You need JavaScript enabled to view it..

Hosting the conference call will be Bob Biesterfeld, Chief Executive Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.

Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.

To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers dial +1-201-689-7817. The call will be limited to 60 minutes in length.

An audio replay will be available at http://investor.chrobinson.com. An audio replay will also be available by telephone until 11:30 a.m. Eastern Time on February 3, 2021 by calling 1-877-660-6853 and dialing the passcode 13714876#. International callers dial +1-201-612-7415.

About C.H. Robinson

C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With nearly $20 billion in freight under management and 18 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 119,000 customers and 78,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).

Source: C.H. Robinson

CHRW-IR

Chuck Ives, Director of Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Company arms utilities and electric vehicle owners with advanced electricity demand management solutions, helping them overcome charging challenges

TORONTO--(BUSINESS WIRE)--$CES #CES--With a commitment to sustainability, Geotab, a global leader in IoT and connected transportation, today unveiled Geotab Energy. Focused on the electric utility and electricity demand management market, Geotab Energy helps to bridge sustainable transportation with sustainable energy by offering products and services designed to support the adoption of electric vehicles (EVs) with electrical grid infrastructure. By helping utilities understand, plan for and manage the integration of EV charging with the grid, Geotab’s new business unit helps ensure that EV owners can be supported by the key infrastructure that provides consumers with electricity at home, work and within their communities in the most efficient manner possible.

“Simultaneously supporting the charging needs of EV drivers, as well as the grid reliability needs of their respective utilities, is a key factor for EV adoption to thrive, and an area we’ve made a strategic decision to support,” said Eric Mallia, Vice President, Geotab Energy. “As with other Geotab solutions, we believe EV charging should be flexible, reliable and affordable — consumers should have the ability to charge their vehicles whether at home, work or elsewhere, without enduring unsustainable increases to electricity rates. By providing innovative solutions for both utility companies and EV owners to harmonize EV charging with cleaner and more cost-effective electricity generation, Geotab Energy takes a multi-stakeholder approach that will help move the needle toward a more sustainable future.”

With growing EV adoption, utilities are facing increased energy demand to support the volume of EVs charging simultaneously — many of them being charged when returning home from work in the early evening system-peak time. Unmanaged vehicle charging load can negatively impact the electric grid, overwhelming infrastructure and requiring costly upgrades and repairs. Geotab Energy helps provide an accurate understanding of the impact of EV charging loads across a service territory by processing data directly from a vehicle’s internal systems and making it available via its SmartCharge Rewards® web platform. SmartCharge Rewards helps electric utilities navigate and reduce the impact of EV charging on the grid, and helps to equip them with relevant EV-specific data to support new programs and possible infrastructure changes.

Geotab Energy’s SmartCharge Rewards platform can also support utilities in identifying optimal charging times and then encouraging EV owners to charge during those times by providing customers with incentive-based rewards. Additionally, EV owners may benefit by gaining access to information about their EVs, such as insights into their driving efficiency, as well as vehicle battery health and more.

“Studies have shown that the majority of people buying EVs are motivated by doing the right thing to reduce harmful impacts on the environment. What they don’t always consider is that their charging behavior also leaves a footprint and can be optimized by mindful charging practices,” added Mallia. “Geotab Energy is a key driver in ensuring that consumers and utilities are able to confidently move forward with EV adoption, knowing that they are playing their part in helping advance a carbon-neutral footprint.”

Geotab Energy complements Geotab EV (a Geotab division), which specializes in providing telematics for plug-in hybrid and electric vehicles (EVs). Geotab EV currently aggregates and manages electric load data from more than 100 EV makes and models, and all EV charging methods.

Geotab Energy is first launching in North America, with plans for future expansion. In addition, while Geotab Energy is first focused on helping utilities support EV owners, the company expects that as fleets become more electrified, the solution will also empower businesses operators to make smart decisions that can help to optimize operations on every level.

For more information on Geotab Energy, visit: geotab.com/Energy/.

Geotab will be holding a virtual press conference to discuss Geotab Energy today (Jan. 7, 2021) at 2:00 p.m. EST. Press and analysts can join the live Showstoppers press event here.

About Geotab

Geotab is advancing security, connecting commercial vehicles to the internet and providing web-based analytics to help customers better manage their fleets. Geotab’s open platform and Marketplace, offering hundreds of third-party solution options, allows both small and large businesses to automate operations by integrating vehicle data with their other data assets. As an IoT hub, the in-vehicle device provides additional functionality through IOX Add-Ons. Processing billions of data points a day, Geotab leverages data analytics and machine learning to help customers improve productivity, optimize fleets through the reduction of fuel consumption, enhance driver safety, and achieve strong compliance to regulatory changes. Geotab’s products are represented and sold worldwide through Authorized Geotab Resellers. To learn more, please visit www.geotab.com and follow us @GEOTAB and on LinkedIn.

Kelly Hall
Communications Manager
Geotab Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending December 31, 2020 on February 23, 2021, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on February 23, 2021 at 4:00 p.m. Eastern time to discuss financial results.

This webcast may be accessed at:

https://event.on24.com/wcc/r/2947931/69912ABCD95D2FE2A18BF7810FD7788C

An audio archive of this webcast will be available using the above noted link through March 9, 2021.

About Holly Energy Partners, L.P.:

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

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

Despite Pandemic-Driven Industry Collapse, GeoPark’s Unique Growth Track Record Is Extended to 18 Consecutive Years

Self-Funded 2020 Work Program Completed with 87% Drilling Success Including Successful Appraisal in the CPO-5 Block and Resumption of Dividends and Share Buybacks

Fully Funded 2021 Capital Allocation Balancing Low-Cost Growth and Returning Value to Shareholders

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina, today announced its operational update for the three-month period ended December 31, 2020 (“4Q2020”).

All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified.

Highlights

Extending 18-Year Production Growth Track Record and Hitting Production Targets

• Annual average production of 40,192 boepd in 2020, hitting 40,000-42,000 boepd guidance
• 2020 exit production over 40,000 boepd
• Consolidated oil and gas production of 39,304 boepd
• CPO-5 block (GeoPark non-operated, 30% WI) production increased to 10,310 bopd gross, 55% higher compared to 3Q2020

Effective Work Program Execution and Capital Efficiency

• Successful drilling of Indico 2 appraisal well in the CPO-5 block in 4Q2020, currently producing 6,200 bopd of light oil with an estimated payback under 3 months
• 2020 cost and investment reductions totaled over $290 million across regional platform
• 2020 work program reduced by 65% to $65-75 million including 23 gross wells drilled (21 operated) with an 87% success rate, comprising development, appraisal and exploration wells

Cash Generation / Preservation Provided Resumption of Shareholder Returns

• 2020 Extraordinary Cash Dividend of $0.0206 per share ($1.25 million), paid on December 9, 2020
• 2020 Quarterly Dividend of $0.0206 per share ($1.25 million), paid on December 9, 2020
• Resumed discretionary share buyback program, having acquired 106,486 shares for $1.0 million since November 6, 2020, while executing self-funded and flexible work programs

Strong Risk-Managed Balance Sheet

• $201 million of cash & cash equivalents as of December 31, 2020¹ ($163.7 million as of Sept. 30, 2020)
• $75 million oil prepayment facility, with $50 million committed and no amounts drawn
• $132.9 million in uncommitted credit lines²
• Long-term financial debt maturity profile with no principal payments until September 2024
• Continuously adding new hedges over the next 12 months

Active Portfolio Management and Improvement

• Full integration of Amerisur Resources Plc (“Amerisur”) assets and operations
• Divesting 10% non-operated WI in the Manati gas field in Brazil for up to R$144 million (approximately $27 million³), subject to agreement by the remainder of the consortium and required regulatory approvals
• Reorganization of portfolio into asset-based platform vs. country-based

Productive SPEED/ESG+ Actions

• Protocols, preventive measures and crisis response plans in place across GeoPark’s regional platform
• Field teams sharply reduced to a minimum with back-up teams and contingencies in place to keep people working safely and production flowing
• GeoPark closely engaged with local communities implementing a significant range of measures to fight Covid and provide emergency supplies, with efforts coordinated at local, regional and federal levels

Fully Funded, Efficient and Risk-Balanced 2021 Work Program

• 2021 work program of $100-120 million (including ~35% to exploration activities) targeting 40,000-42,000⁴ boepd average production and operating netbacks of $280-330 million at $45-50 Brent per bbl⁵
• Flexible work program, quickly adaptable to any oil price scenario

James F. Park, Chief Executive Officer of GeoPark, said: “Track records matter and 18 years of steady production growth, despite external volatility, is a meaningful demonstration of the brains, muscle and heart of the GeoPark team. We salute these amazing women and men for continuing to stay focused and do the hard work to advance our Company again on all fronts - technically, operationally, strategically, and financially – even with all the turmoil and hurt the planet endured this last year. As always, our team has learned a lot and come out even stronger and more united than ever – and is ready and looking forward to the big opportunity and promise of 2021.”

Breakdown of Quarterly Production by Country

The following table shows production figures for 4Q2020, as compared to 4Q2019:

Quarterly Production Evolution

Oil and Gas Production Update

Consolidated:

Annual average 2020 production of 40,192 boepd compared to 40,046 boepd in 2019. Oil and gas production in 4Q2020 decreased by 6% to 39,304 boepd from 41,786 boepd in 4Q2019, due to limited drilling and maintenance activities in Colombia, Chile and Argentina and lower gas demand in Brazil, partially offset by the addition of production from the Amerisur acquisition in Colombia. Oil represented 85% of total reported production in 4Q2020 and 4Q2019.

Colombia:

Average net oil and gas production in Colombia decreased by 4% to 31,858 boepd in 4Q2020 compared to 33,311 boepd in 4Q2019, reflecting limited drilling and maintenance activities in the Llanos 34 block (GeoPark operated, 45% WI), partially offset by the recent acquisition of Amerisur and successful drilling of the Indico 2 appraisal well in the CPO-5 block.

The Llanos 34 block average net production was 25,759 bopd (or 57,242 bopd gross) in 4Q2020, representing 81% of GeoPark’s net production in Colombia, while the CPO-5 block average net production was 3,093 bopd (or 10,310 bopd gross), representing 10% of GeoPark’s net production in Colombia and a 55% increase compared to 3Q2020.

Appraisal and exploration drilling in the CPO-5 block:

• Indico 2 appraisal well, located approximately 0.8 km northwest of the Indico 1 well, was successfully drilled and put on production in November 2020. The operator ONGC Videsh drilled and completed Indico 2 to a total depth of 10,925 feet. The well tested 5,500 bopd of 35 degrees API, with a 0.1% water cut, and is currently producing 6,200 bopd. Additional production history is required to determine stabilized flow rates of the well.
• Aguila 1 exploration well was drilled by the operator ONGC Videsh to a total depth of 9,961 feet. According to petrophysical logging interpretation and other relevant information, the well encountered non-commercial oil accumulations, and following these results a decision was made to abandon the well.
• Further exploration, appraisal and development activities are budgeted in the CPO-5 block in 2021 with the drilling of 5-6 gross wells plus the acquisition of 3D seismic, as part of GeoPark’s fully funded and flexible work and investment program.
• CPO-5 is a large high-potential block offering multi-play, low cost development, appraisal and exploration opportunities, adjacent to and on trend with the Llanos 34 block, and with over 20 drilling leads and prospects delineated to date.

Other activities in operated and non-operated blocks:

• Initiated 3D seismic acquisition in the PUT-8 block (GeoPark operated, 50% WI) which is located adjacent to the Platanillo Block (GeoPark operated, 100% WI) in the Putumayo basin, expected to continue in 1Q2021.
• Re-entry activities carried out into the Grulla 1 well in the Llanos 94 block (GeoPark non-operated, 50% WI) showed non-commercial oil accumulations, and following these results a decision was made to abandon the well.

Chile:

Average net production in Chile decreased by 5% to 3,133 boepd in 4Q2020 resulting from lower gas production in the Jauke gas field, partially offset by the discovery of the Jauke Oeste gas field in early 2020. Maintenance and well intervention activities will be carried out in the Jauke 1 gas well during 1Q2021, aimed at increasing gas production levels. The production mix during 4Q2020 was 89% gas and 11% light oil (compared to 81% gas and 19% light oil in 4Q2019).

Brazil:

Average net production in Brazil decreased by 23% to 2,167 boepd in 4Q2020 compared to 2,799 boepd in 4Q2019. Compared to 3Q2020, Brazilian production increased by 37% due to higher demand in the Manati gas field (GeoPark non-operated, 10% WI). The production mix during 4Q2020 was 99% natural gas and 1% condensate (compared to 96% natural gas and 4% oil and condensate in 4Q2019).

Agreement to sell 10% WI in the Manati gas field:

• On November 23, 2020, GeoPark announced that its Board of Directors approved an agreement to sell its 10% non-operated WI in the Manati gas field to Gas Bridge for a total consideration of R$144.4 million (approximately $27 million), including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is subject to obtaining certain regulatory approvals.
• The transaction was agreed with an effective date of December 31, 2020 and is subject to certain conditions, including the acquisition by Gas Bridge of the remaining 90% WI and operatorship of the Manati gas field.
• Two other non-operating partners in the Manati gas field consortium with a combined 55% WI have announced their respective agreements to sell their WI to Gas Bridge.
• Closing of the transaction would occur in 4Q2021, subject to the agreement by the remainder of the consortium and required regulatory approvals.

Argentina:

Average net production in Argentina decreased by 10% to 2,146 boepd in 4Q2020 (57% oil, 43% gas) compared to 2,384 boepd in 4Q2019 (66% oil, 34% gas), mainly resulting from limited maintenance activities combined with the natural decline of the fields.

COMMODITY RISK OIL MANAGEMENT CONTRACTS UPDATE

GeoPark recently added new oil hedges further increasing its price risk protection over the next 12 months, now reaching 25,500 bopd in 1Q2021, 23,000 bopd in 2Q2021, and 9,000 bopd in 2H2021. Hedges include a portion providing protection to the Vasconia local marker in Colombia.

The Company has the following commodity risk management contracts in place as of the date of this release:

GLOSSARY

NOTICE

Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.

Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains statements that constitute forward-looking statements. Many of the forward- looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.

Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including the Covid-19 pandemic, the acquisition by Gas Bridge of the remaining WI and operatorship in the Manati gas field and the closing of the transaction, expected production growth, expected schedule, economic recovery, payback timing, IRR, drilling activities, demand for oil and gas, oil and gas prices, capital expenditures plan, regulatory approvals, reserves and exploration resources. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses, except when specified.

Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission.

Readers are cautioned that the exploration resources disclosed in this press release are not necessarily indicative of long-term performance or of ultimate recovery. Unrisked prospective resources are not risked for change of development or chance of discovery. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective resource volumes are presented as unrisked.

¹ Unaudited.

² As of September 30, 2020 (unaudited).

³ Estimated amount in dollars using an exchange rate of R$5.30 per dollar.

⁴ 2021 production guidance assumes full year production from the Manati gas field in Brazil (currently under a divestiture process that is subject to certain conditions and regulatory approvals) and excludes potential production from the 2021 exploration drilling program.

⁵ Assuming $4 per bbl Vasconia-Brent differential.

INVESTORS:
Stacy Steimel, This email address is being protected from spambots. You need JavaScript enabled to view it.
T: +562 2242 9600
Miguel Bello, This email address is being protected from spambots. You need JavaScript enabled to view it.
T: +562 2242 9600
Diego Gully, This email address is being protected from spambots. You need JavaScript enabled to view it.
T: +5411 4312 9400

MEDIA:
Communications Department, This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) (the "Company") plans to announce results for its quarter ending December 31, 2020 on February 24, 2021, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on February 24, 2021 at 8:30 a.m. Eastern time to discuss financial results.

This webcast may be accessed at:

https://event.on24.com/wcc/r/2950760/AF27087C3232DF9D1112AE68A106191D

An audio archive of this webcast will be available using the above noted link through March 10, 2021.

About HollyFrontier Corporation:

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.

HollyFrontier Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Investor Relations

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced they will release fourth-quarter and full-year 2020 earnings after market close on Tuesday, February 9, 2021 and will hold a joint webcast on the same day as follows:

What: Fourth-quarter and Full-Year 2020 earnings webcast

When: Tuesday, February 9, 2021 5:30 p.m. ET; 4:30 p.m. CT

Where: www.plainsallamerican.com or https://event.webcasts.com/starthere.jsp?ei=1418937&tp_key=f158236b02

How: Live over the internet – log on at either of the addresses above

Specific items we intend to address on the call include:

1. PAA's fourth-quarter and full-year 2020 performance;
2. Capitalization and liquidity; and
3. Financial and operating guidance

The slide presentation accompanying the conference call materials will be posted prior to the call at www.plainsallamerican.com under the “Investor Relations” sections of the website (Navigate to: Investor Relations / either “PAA” or “PAGP” / News & Events / Quarterly Earnings).

An audio replay will be available on the website after the call. Additionally, a transcript will be included within the 4Q20 Earnings Package found within the “Investor Kit” section of the above referenced website.

PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.

PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.

Brett Magill
Director, Investor Relations
(866) 809-1291

GREENWICH, Conn.--(BUSINESS WIRE)--Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S” or the “Company”) announced that the four crew members who had been kidnapped from one of its product tanker vessels, the Agisilaos, on November 29, 2020 were released yesterday, January 6, 2021. All four crew members are safe and will undergo further medical examinations today. Diamond S would like to thank all those involved in securing their release. Due to the sensitive nature of the incident, Diamond S will provide no further updates on this matter.

About Diamond S Shipping Inc.

Diamond S Shipping Inc. (NYSE Ticker: DSSI) owns and operates 65 vessels on the water, including 14 Suezmax vessels, one Aframax and 50 medium-range (MR) product tankers. Diamond S Shipping is one of the largest energy shipping companies providing seaborne transportation of crude oil and refined petroleum products in the international shipping markets. The Company is headquartered in Greenwich, CT. More information about the Company can be found at www.diamondsshipping.com.

Investor Relations Inquiries:
Robert Brinberg
Tel: +1-212-517-0810
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2020.

PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in November 2020. PAGP announced a corresponding quarterly cash distribution of $0.18 per Class A share ($0.72 per Class A share on an annualized basis), which is unchanged from the distribution paid in November 2020. With respect to PAA’s Series A Preferred Units, PAA announced a quarterly cash distribution of $0.525 per Series A Preferred Unit, or $2.10 on an annualized basis. Each of these distributions will be payable on February 12, 2021 to holders of record of each security at the close of business on January 29, 2021.

The PAGP cash distribution is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in the tax basis of that Class A Share. To the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as capital gains.

PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage, and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.

PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.

Brett Magill
Director, Investor Relations
(866) 809-1291

TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (TSX:SPB):

January 2021 Cash Dividend - $0.06 per share

Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of January 2021 of $0.06 per share payable on February 12, 2021. The record date is January 31, 2021 and the ex-dividend date will be January 28, 2021. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

A summary of Superior’s dividends paid for the year 2020 is detailed below. These dividends are considered to be an eligible dividend for Canadian income tax purposes.

2020 Fourth Quarter and Year-End Results and Conference Call

Superior expects to release its 2020 fourth quarter and year-end results on Thursday, February 18, 2021 after market close. A conference call and webcast for investors, analysts, brokers and media representatives to discuss the 2020 Fourth Quarter and Year-End Results is scheduled for 10:30 a.m. EST on Friday, February 19, 2021. To participate in the call, dial: 1-844-389-8661. Internet users can listen to the call live, or as an archived call, on Superior's website at: www.superiorplus.com under the Events section.

About the Corporation

Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals includes the production and sale of specialty chemicals.

For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.

In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2019, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.

Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Apex Clean Energy today announced that it has upsized a letter of credit facility from Helaba. The financing agreement, originally announced in 2019, was increased from $25 million to $75 million. The corporate facility will help advance Apex’s development portfolio of utility-scale wind, solar, and storage projects.

“Helaba continues to be a significant partner to Apex as we work to decarbonize the nation’s electric grid,” said Mark Goodwin, president and CEO of Apex Clean Energy. “As we look to 2021 and beyond, leaders like Helaba are helping accelerate the pace of the transition to a new energy economy.”

“Helaba is—once again—very excited to see the continued growth and success of the Apex team, and we are very happy to see this important relationship grow further,” said Dr. Ulrich Pähler, global head asset finance/project finance of Helaba.

About Apex Clean Energy

Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 200 renewable energy experts uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information on how Apex is leading the transition to a clean energy future, visit apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn.

About Helaba

As a leading bank in the German financial capital of Frankfurt, Helaba Group employs approximately 6,300 people; Total assets are € 228 bn. The Asset Finance Division in Frankfurt/Main, London and New York arranges and participates in transactions financing both conventional and renewable power generation, as well as other forms of energy and infrastructure. Our worldwide experience since 2004 spans over more than 150 renewable projects with a total capacity of over 31GW. Helaba enjoys favourable ratings from the leading rating agencies; for more information about our competencies visit www.helaba.com.

Media:
Cat Strumlauf
Director | Corporate Communications
Apex Clean Energy
(434) 227-4196
This email address is being protected from spambots. You need JavaScript enabled to view it.

AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its senior management will participate in the 2021 UBS Winter Infrastructure & Energy Virtual Conference. Senior management expects to participate in a series of virtual meetings with members of the investment community on January 12, and presentation materials used during these meetings will be posted to USA Compression’s website prior to the investor meetings. Please visit the Investor Relations section of the website at usacompression.com under “Presentations.”

About USA Compression Partners, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

USA Compression Partners, LP
Matthew Liuzzi, CFO
(512) 369-1624
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the fourth quarter of 2020 of $0.45 per unit, or $1.80 per unit on an annualized basis.

The quarterly distribution will be paid Thursday, February 11, 2021, to unitholders of record as of the close of business Friday, January 29, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the fourth quarter of 2019. Enterprise has increased its cash distribution rate for 22 consecutive years.

Enterprise will announce its earnings for the fourth quarter of 2020 on Wednesday, February 3, 2021, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. To listen to the webcast, participants should access the partnership’s website at least 15 minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and may be accessed one hour after completion of the call.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635

- CEO Thillainathan: "Significant expansion step"

- Lowest electricity prices within the EU with 100 percent renewable energy

- Highly scalable thanks to up to 4.5 gigawatts of available hydropower

FRANKFURT AM MAIN, Germany--(BUSINESS WIRE)--Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) acquires a data center facility in Northern Sweden to meet massive customer demand. The site currently consists of six data center halls on an area of 2.5 hectares and will now be further expanded by Northern Data following the acquisition.

Northern Data's new site is located in the Northern Swedish city of Boden, which has an average annual temperature of 1.3 degrees Celsius due to its location around 80 kilometers south of the Arctic Circle. The location is therefore ideal for passive energy-saving cooling of the HPC hardware.

In addition to the ideal HPC temperature conditions, the region in Northern Sweden is characterized by high connectivity and very cheap regional surplus electricity from renewable energy sources. The electricity for Northern Data's new site is 100 percent sourced from renewable energy, generated by hydropower plants in the region. The local hydropower plants have a capacity of about 4.5 gigawatts (GW), producing about 14 terawatt hours (TWh) per year, which is available to Northern Data at the lowest electricity prices in the EU.

Not least due to the cool air temperatures near the Arctic Circle, an excellent PUE value ("Power Usage Effectiveness") of 1.07 is achieved. The PUE value puts the total energy consumption of a data center in relation to the energy consumption of the IT infrastructure. The closer the value is to 1.0, the more efficient the data center. With a value of 1.07, Northern Data's future data center is among the worldwide leaders and is well below the industry average of 1.67.

The site, which has won awards for its ultra-efficiency, meets the very highest requirements, with various ISO certifications and was completed by data center operator Hydro66 only in 2019. Northern Data will start allocating hardware instantly due to the high demand from its customers and will continue to massively expand the site immediately.

Northern Data CEO Aroosh Thillainathan comments: "Due to the high demand for HPC capacity, we are constantly reviewing options to quickly secure additional sites through acquisitions in addition to building our own data centers. This allows us to further accelerate our growth. In view of this strategy, the new site in Northern Sweden is not only a real stroke of luck but also a significant expansion step for our company. Not only can we use it instantly, but we can also expand and develop it quite considerably, which we will do immediately. Our new site offers important advantages, such as lowest energy costs and ultra-efficiency, which will make it an important part of the Northern Data group going forward."

The acquisition of the entire data center facility, including two operating companies and part of the team, is still subject to, among others, a successful due diligence process and will take place through the issuance of EUR 21 million in shares, subject to a full lock-up period of two years, and a cash component of EUR 4 million.

About Northern Data:

Northern Data AG develops and operates global infrastructure solutions in the field of High Performance Computing (HPC). With its customized solutions, the company provides the infrastructure for diverse HPC applications in areas such as bitcoin mining, artificial intelligence, blockchain, big data analytics, IoT or rendering. The internationally active company is now a leading provider in the field of HPC solutions worldwide. Northern Data offers its HPC solutions both in large, stationary data centers and in mobile high-tech data centers that can be set up at any location worldwide. In doing so, the company combines self-developed software and hardware with intelligent concepts for a sustainable energy supply. Northern Data currently employs around 150 people.

Disclaimer:

This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG, nor does it constitute a securities prospectus of Northern Data AG. The information contained in this press release is not intended to be the basis for any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As in all business and investment matters, please consult qualified professional advice.

Press Contact:
Northern Data AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +49 69 348 752 89

Investor Relations:
Sven Pauly
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +49 89 125 09 03 30

— Free upgrade to “Make It Solar” and launch of new Reliant “Truly Free Flex Days” meets customers’ evolving lifestyles and interests —

HOUSTON--(BUSINESS WIRE)--#MakeItSolar--Texans’ daily schedules and electricity needs changed following the onset of the COVID-19 pandemic and customers now rely on their electricity providers more than ever and need even greater flexibility and personalization. That is why in 2021, Reliant is once again empowering customers to “Pick Your Free.” In addition to offering the popular Reliant Truly Free Weekends and Truly Free Nights, the company is introducing its newest plan that provides flexibility every week for schedules that are ever-changing with “Reliant Truly Free Flex Days.”

“We put customers at the center of all that we do and are committed to meeting their diverse lifestyle-driven power needs,” said Elizabeth Killinger, president of Reliant. “We deliver meaningful innovations, easy-to-use account management tools and affordable products designed with our customers in mind.”

New in 2021, Reliant is offering Make It Solar as an automatic upgrade to the three plans part of the Pick Your Free campaign, at no additional cost. This innovative offer matches 100% of the customer’s electricity usage with Texas and national solar renewable energy certificates (RECs) every month. The complimentary solar add-on fits perfectly with increasing consumer interest in clean and renewable power solutions, while allowing customers to personalize their electricity plan according to their lifestyles.

Consumers nationwide are interested in being good stewards of the resources we have. In fact, according to a Deloitte Resources Study, approximately 68% of U.S. consumers are very concerned about climate change and their personal carbon footprint, an increase of almost 10% from a 2015 benchmark. In the renewable energy category, the majority of consumers prefer the use of solar ahead of other alternative energy sources.

And, regardless of whether customers like to monitor usage regularly or if they would prefer to just set it and forget it, Reliant has them covered. As the only retail electric provider in Texas currently offering three free time-of-use plans simultaneously, Reliant’s suite of electricity plans under Pick Your Free was created to suit a variety of lifestyles, and all three are automatically offset with renewable solar energy at no cost:

• NEW: Reliant Truly Free Flex Days offers free electricity for the two highest electricity usage days every week. This plan appeals to customers who often have fluctuating schedules and do not want to think about when they use electricity the most, such as professionals working from home, shift workers and stay-at-home parents.

• Reliant Truly Free Weekends offers free electricity every weekend, from 8 p.m. Friday to 12 a.m. Monday. This plan is most appealing to customers who can schedule their high electricity usage activities for the weekend. Truly Free Weekends is for those who spend their weekends at home binge-watching, meal-prepping and catching up on laundry.

• Reliant Truly Free Nights offers free electricity every night, from 8 p.m. to 6 a.m. This plan works best for customers who use their electronics, appliances and AC most in the evening. Truly Free Nights appeals to those who are night owls and enjoy the simple pleasure of sleeping extra cool on warm Texas nights.

No matter your lifestyle or location, Reliant makes power personal. Customers can sign up for one of the plans under Pick Your Free and automatically upgrade to Make It Solar at no additional cost, or learn about other plan offerings, by visiting Reliant.com or calling 1-866-Reliant.

About Reliant, an NRG company

Reliant powers, protects and simplifies life by bringing electricity, security and related services to homes and businesses across Texas. Serving customers and the community is at the core of what we do, and the company is recognized nationally for outstanding customer experience. Reliant is part of NRG, a Fortune 500 company that creates value by generating electricity and providing energy solutions to more than 3.5 million residential and commercial customers across the U.S. and Canada. NRG’s competitive residential electricity business, which includes Reliant, is one of the largest in the country. For more information about Reliant, visit reliant.com and connect with Reliant on Facebook at facebook.com/reliantenergy and Twitter or Instagram @reliantenergy. PUCT Certificate #10007.

Megan Talley
713-537-2160
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Crude Oil Refiners Turning to Renewable Fuel Production - Energy Transition Strategies" report has been added to ResearchAndMarkets.com's offering.

Traditional oil refineries have been slow towards processing and producing renewable fuel, despite its production starting nearly a decade ago. Considering several benefits that renewable fuel offers to consuming companies and countries, this scenario might change soon.

Several oil refining companies have initiated conversion of their decommissioned or, soon to be decommissioned refineries to produce renewable fuel. Although some refiners are currently co-processing renewable fuel along with petroleum fuels in their refineries, others are also planning to join the trend. With demand for cleaner transportation fuel rising globally, oil refiners turning away from petroleum fuel towards renewable fuel with less carbon footprint, might prove to be a lucrative option in the long-term.

Scope

• Overview of renewable fuel - introduction and benefits of renewable fuel
• Renewable fuel production from oil refineries of key countries, by 2025
• Renewable fuel production plans and capacities of major refiners
• Various regulations pertinent to renewable fuel in key markets

Reasons to Buy

• Understand the significance of renewable fuel and the difference between renewable fuel and biofuel
• Facilitate decision making based on regulations governing the production of renewable fuel in key markets
• Keep abreast of key global fully converted or co-processing refinery projects and their respective production capacities of renewable fuel
• Assess your competitor's plans with regards to converting to renewable fuel production

Key Topics Covered:

Overview of Renewable Fuel

• WHAT, HOW, and WHY of renewable fuel
• Renewable fuel vs biofuel
• Benefits of renewable fuel

Production Outlook

• Renewable fuel production from oil refineries of key countries
• Renewable Fuel Plans of Major Refiners
• Renewable fuel production plans of major refining companies
• Renewable fuel production capacity of key oil refineries

Regulations

• Renewable fuel regulations in major markets
• Renewable Fuel - Future Outlook

For more information about this report visit https://www.researchandmarkets.com/r/cyoal1

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

TULSA, Okla.--(BUSINESS WIRE)--Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City.

“This transformational merger enhances the scale of our operations, builds a dominant position in the Delaware Basin and accelerates our cash-return business model that prioritizes free cash flow generation and the return of capital to shareholders,” said Dave Hager, executive chairman. “We are excited to combine our teams and we look forward to executing on our disciplined strategy to create value for all of our stakeholders.”

“I want to thank employees for their determined work to complete a transaction of this size and scale in basically just three months,” said Rick Muncrief, president and CEO. “This paves the way for our integration to pick up even more steam and establishes Devon as one of the strongest energy producers in the U.S.

“The combined company’s advantaged assets, operating capabilities, balance sheet, and our resolve to pursue efficient, innovative ways of doing business positions Devon to deliver differentiated financial and operational results for many years to come.”

In accordance with the merger agreement, WPX shareholders received a fixed exchange of 0.5165 shares of Devon common stock for each share of WPX common stock owned. WPX common stock will no longer be listed for trading on the NYSE.

BOARD OF DIRECTORS

The company’s combined new board of directors consists of 12 members:

• David A. Hager, executive chairman of the board
• Barbara M. Baumann
• John E. Bethancourt
• Ann G. Fox
• Kelt Kindick
• John Krenicki Jr.
• Karl F. Kurz
• Robert A. Mosbacher Jr.
• Richard E. Muncrief
• D. Martin Phillips
• Duane C. Radtke
• Valerie M. Williams

ABOUT DEVON ENERGY

Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

FORWARD LOOKING STATEMENTS

This communication includes “forward-looking statements” as defined by the Securities and Exchange Commission (“SEC”). Such statements include those concerning strategic plans, Devon’s expectations and objectives for future operations, as well as other future events or conditions, and are often identified by use of the words and phrases such as “expects,” “believes,” “will,” “would,” “could,” “continue,” “may,” “aims,” “likely to be,” “intends,” “forecasts,” “projections,” “estimates,” “plans,” “expectations,” “targets,” “opportunities,” “potential,” “anticipates,” “outlook” and other similar terminology. All statements, other than statements of historical facts, included in this communication that address activities, events or developments that Devon expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond Devon’s control. Consequently, actual future results could differ materially from Devon’s expectations due to a number of factors, including, but not limited to: the risk that Devon’s and WPX’s businesses will not be integrated successfully; the risk that the cost savings, synergies, growth and other benefits from the merger may not be fully realized (if at all) or may take longer to realize than expected; the diversion of management time on transaction-related issues; the effect of future regulatory or legislative actions, including the risk of new restrictions with respect to hydraulic fracturing or other development activities on federal acreage or other assets; the risk that the credit ratings of Devon or its subsidiaries (including WPX) may be different from what was previously expect; potential liability resulting from pending or future litigation; changes in the general economic environment, or social or political conditions, that could affect the businesses; the ability to hire and retain key personnel; reliance on and integration of information technology systems; the risks associated with assumptions the parties make in connection with the parties’ critical accounting estimates and legal proceedings; the volatility of oil, gas and natural gas liquids (NGL) prices; uncertainties inherent in estimating oil, gas and NGL reserves; the impact of reduced demand for our products and products made from them due to governmental and societal actions taken in response to the COVID-19 pandemic; the uncertainties, costs and risks involved in Devon’s operations, including as a result of employee misconduct; natural disasters, pandemics, epidemics (including COVID-19 and any escalation or worsening thereof) or other public health conditions; counterparty credit risks; risks relating to indebtedness; risks related to hedging activities; competition for assets, materials, people and capital; regulatory restrictions, compliance costs and other risks relating to governmental regulation, including with respect to environmental matters; cyberattack risks; Devon’s limited control over third parties who operate some of its oil and gas properties; midstream capacity constraints and potential interruptions in production; the extent to which insurance covers any losses Devon may experience; risks related to investors attempting to effect change; general domestic and international economic and political conditions, including the impact of COVID-19; and changes in tax, environmental and other laws, including court rulings, applicable to Devon’s business. For a more detailed discussion of such risks and other factors, see Devon’s and WPX’s 2019 Annual Reports on Form 10-K and their other filings with the SEC.

In addition to the foregoing, the COVID-19 pandemic and its related repercussions have created significant volatility, uncertainty and turmoil in the global economy and Devon’s industry. This turmoil has included an unprecedented supply-and-demand imbalance for oil and other commodities, resulting in a swift and material decline in commodity prices in early 2020. Devon’s future actual results could differ materially from the forward-looking statements in this communication due to the COVID-19 pandemic and related impacts, including, by, among other things: contributing to a sustained or further deterioration in commodity prices; causing takeaway capacity constraints for production, resulting in further production shut-ins and additional downward pressure on impacted regional pricing differentials; limiting Devon’s ability to access sources of capital due to disruptions in financial markets; increasing the risk of a downgrade from credit rating agencies; exacerbating counterparty credit risks and the risk of supply chain interruptions; and increasing the risk of operational disruptions due to social distancing measures and other changes to business practices. Additional information concerning other risk factors is also contained in Devon’s most recently filed Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other SEC filings.

Many of these risks, uncertainties and assumptions are beyond Devon’s ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

All subsequent written and oral forward-looking statements concerning Devon, WPX, the merger or other matters and attributable to Devon or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Devon assumes no duty to update or revise their respective forward-looking statements based on new information, future events or otherwise.

MEDIA CONTACTS:
Kelly Swan (539) 573-4944
Lisa Adams (405) 228-1732

INVESTOR CONTACTS:
David Sullivan (539) 573-9360
Scott Coody (405) 552-4735
Chris Carr (405) 228-2496

North American Sustainable Refrigeration Council Executive Director’s Talk Available for Viewing

PALO ALTO, Calif.--(BUSINESS WIRE)--North American Sustainable Refrigeration Council (NASRC), a 501(c)(3) environmental nonprofit working in partnership with the grocery industry to advance climate-friendly natural refrigerants, announced that its executive director, Danielle Wright, was featured at a TEDxReImagineScience event along with three other top experts speaking on key environmental and climate topics.

TEDxReImagineScience is one of more than 600 TEDx Countdown events that took place around the world this fall as part of a global movement to find ways to shift, more rapidly, to a world with net zero greenhouse emissions and tackle the climate crisis.

Wright’s talk titled ‘Unpacking the #1 Global Warming Solution,’ is now available for viewing on the TED website. Nine months pregnant and speaking within days of her due date, Wright drove home a powerful message of hope and collective action on an important, but little-known climate solution – natural refrigerants. “I'm terrified of climate change. I’m worried about the world we’re leaving to our kids. But I’m also hopeful there’s something you and I can do about it,” said Wright.

Wright explained that traditional Hydrofluorocarbon (HFC) refrigerants are super-polluting greenhouse gases with thousands of times more impact on the climate than carbon dioxide. Specifically, her talk highlighted the importance of helping the grocery sector transition away from HFCs, citing that annual HFC emissions from grocery refrigeration leaks are roughly equal to the annual emissions from powering all of the homes in the state of California.

Natural refrigerants are the climate-friendly alternative that can help prevent up to 0.5°C of warming by the end of the century and avoid the catastrophic tipping point of 1.5°C. But according to Wright, a lack of effective policy has stalled wide-scale adoption and made it difficult for grocery stores to make the transition.

“If everyone did it, there’d be economies of scale to bring down costs, more technicians trained to do it, new technologies to make it easier,” said Wright. “This is exactly what effective policy does.”

Wright concluded her talk by calling on listeners to help spread the word to their networks. “The first step is awareness,” she said, highlighting the important role education can play in driving resources and policies needed to support the transition to natural refrigerants.

“Natural refrigerants give me hope because they have the power to make the number one global climate solution a reality,” said Wright. “And I believe that individual awareness gives us the collective power to make change happen; to leave a better world for our children.”

Following the event, the recent COVID-19 relief package included a bill to phase down HFCs consistent with the international Kigali Amendment, which the US has not ratified. The bill is an important step towards making natural refrigerants a more feasible option for grocers and making this leading climate solution a reality.

About North American Sustainable Refrigeration Council

The North American Sustainable Refrigeration Council (NASRC) is a 501(c)(3) environmental nonprofit working in partnership with the grocery refrigeration industry to advance climate-friendly natural refrigerants and reduce greenhouse gas (GHG) emissions caused by traditional refrigerants. The organization works with stakeholders from across the grocery refrigeration industry, including over 24,000 grocery locations, to eliminate the barriers preventing the adoption of natural refrigerants. For more information, please visit www.nasrc.org.

About TEDx, x = independently organized event

In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TED Talks video and live speakers combine to spark deep discussion and connection. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized. (Subject to certain rules and regulations.)

About TED

TED is a nonprofit organization devoted to Ideas Worth Spreading, usually in the form of short, powerful talks (18 minutes or fewer) delivered by today's leading thinkers and doers. Many of these talks are given at TED's annual conference in Vancouver, British Columbia, and made available, free, on TED.com. TED speakers have included Bill Gates, Jane Goodall, Elizabeth Gilbert, Sir Richard Branson, Nandan Nilekani, Philippe Starck, Ngozi Okonjo-Iweala, Sal Khan and Daniel Kahneman.

TED's open and free initiatives for spreading ideas include TED.com, where new TED Talk videos are posted daily; the TED Translators Program, which provides subtitles and interactive transcripts as well as translations from thousands of volunteers worldwide; the educational initiative TED-Ed; the annual million-dollar TED Prize, which funds exceptional individuals with a "wish," or idea, to create change in the world; TEDx, which provides licenses to thousands of individuals and groups who host local, self-organized TED-style events around the world; and the TED Fellows program, which selects innovators from around the globe to amplify the impact of their remarkable projects and activities.

Follow TED on Twitter at http://twitter.com/TEDTalks, on Facebook at http://www.facebook.com/TED or Instagram at https://instagram.com/ted.

Morgan Smith
Telephone: (585) 217-2254
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced it has joined the Alliance to End Plastic Waste. AspenTech will work with fellow members to support innovation to build a more sustainable global plastic value chain. From industrial process design to driving greater efficiency in industrial operations, AspenTech solutions help producers reduce waste and emissions from plastic production, and accelerate innovation for recycling process technologies and other new solutions for the circular economy.

The Alliance to End Plastic Waste is an international non-profit organization partnering with government, environmental and economic development NGOs and communities around the world to address the challenge of plastic waste in the environment. Through programs and partnerships, the Alliance focuses on solutions in four strategic areas: infrastructure, innovation, education and engagement, and clean up.

“We welcome Aspen Technology as a member of the Alliance and its commitment to support and advance our mission. The collaboration among more than 50 member companies, strategic allies and supporters at the Alliance will bring us closer to our vision of ending plastic waste in the environment. Ultimately, we are unlocking scalable and sustainable solutions towards a circular economy,” said Jacob Duer, President and CEO of the Alliance to End Plastic Waste.

“AspenTech’s mission is to help our customers operate their businesses to be safer, greener, more reliable and more efficient,” commented Antonio Pietri, President and CEO of Aspen Technology. “We are honored to have the opportunity to join some of the world’s leading companies in making a greater commitment to industry and doing all we can to help address the challenge presented by the global plastic waste problem. As a member, we will invest funding, research and development and provide industrial AI focused resources to drive the innovation required for this new economy.”

Supporting Resources

• Analyst Report: ARC Strategy Report: The Sustainability Future for Energy and Chemicals
• Blog Post: Chemicals’ Challenges on the Way to a Circular Economy

About the Alliance to End Plastic Waste

The Alliance to End Plastic Waste is an international non-profit organisation partnering with government, environmental and economic development NGOs and communities around the world to address the challenge to end plastic waste in the environment. Through programmes and partnerships, the Alliance focuses on solutions in four strategic areas: infrastructure, innovation, education and engagement, and clean up. As of November 2020, the Alliance has more than 50 member companies and supporters representing global companies and organisations across the plastic value chain. For more information, visit: https://endplasticwaste.org/.

About Aspen Technology

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.

© 2020 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo, and Aspen are trademarks of Aspen Technology, Inc. All rights reserved.

Aspen Technology, Inc.
Tony Mays
+1 781 221 4390
This email address is being protected from spambots. You need JavaScript enabled to view it.

DULUTH, Minn.--(BUSINESS WIRE)--Two wholly owned subsidiaries of ALLETE (NYSE: ALE) have secured a total of nearly $350 million in tax equity financing in support of two recently completed wind energy sites.

ALLETE Clean Energy on Dec. 30, 2020, sold Class A passive membership interests in Diamond Spring, LLC to FNBC Leasing Corp., an affiliate of JPM Capital Corp. The Diamond Spring wind site is a 303-megawatt wind facility in southern Oklahoma that sells renewable energy to Walmart, Smithfield Foods and Starbucks through renewable energy sales agreements. It achieved full commercial operation in early December.

ALLETE South Wind also has secured tax equity financing from Bank of America in support of Nobles 2, a 250-megawatt wind facility in southwestern Minnesota. The project is owned by Nobles 2 Power Partners LLC, whose investors include ALLETE South Wind, energy company Tenaska and Bright Canyon Energy. ALLETE South Wind holds a 49 percent equity interest in the Nobles 2 wind site through its position in Nobles 2 Power Partners LLC. The wind site delivers energy to Minnesota Power customers through a 20-year power purchase agreement, and also began commercial operations in early December.

“The successful closing on tax equity financing for these two wind sites signifies investors’ confidence in ALLETE’s sustainability in action strategy. That strategy is guiding us to a sustainable future as we answer the call to transform the nation’s energy landscape,” said ALLETE Chief Financial Officer Robert Adams. “We see strong growth in the renewable energy sector, and we intend to capitalize on our expertise and reputation as one of the nation’s leaders in renewable energy investment to continue to develop clean-energy solutions for our customers. We are grateful to all of our partners and stakeholders that have enabled the development of these successful renewable projects.”

ALLETE Clean Energy acquires, develops and operates clean and renewable energy projects and is well-positioned to drive growth in additional clean-energy sector solutions. ALLETE Clean Energy owns, operates, has in advanced construction and has delivered build-transfer projects totaling more than 1,450 megawatts of nameplate wind capacity across seven states.

ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; and BNI Energy in Bismarck, N.D.; and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com.

ALE-CORP

The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.

Investor Contact:
Vince Meyer
218-723-3952
This email address is being protected from spambots. You need JavaScript enabled to view it.

In 2020, TruStar Energy signs long-term RNG Fuel Supply Contracts totaling 175 million GGE, completes 42 Natural Gas Fueling Station Projects and is set to Deliver over 30 million GGE of Renewable Natural Gas in 2021

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--#GHG--TruStar Energy, a market leader in renewable natural gas (RNG) fuel supply for the transportation sector, today announced a successful 2020 and aggressive growth plans to continue transitioning heavy duty United States transportation from diesel to lower cost, cleaner alternatives.

“The future of renewable heavy-duty transportation is here now, thanks to renewable natural gas,” said Adam Comora, President and CEO of TruStar Energy. “Companies operating Class 8 trucks are quickly realizing that they don’t have to wait for new, unproven technologies and infrastructure to significantly reduce their greenhouse gas emissions and save on fuel costs—our RNG does that today. We see RNG as a lasting part of a future where there will be many different fuels and technologies for various applications. We’re excited about the long-term benefits of RNG and look forward to helping more organizations deploy it within their heavy-duty fleet.”

During 2020, TruStar Energy completed 42 natural gas fueling station projects across the country, bringing its total completed projects to 380. TruStar’s service network continues to grow with over 60 service professionals providing coverage to 140 fueling stations nationwide, producing over 120 million annual GGE.

In December, the company’s parent, Fortistar, in tandem with the TruStar Energy’s distribution efforts, announced the fifth of 12 new RNG projects, together requiring nearly $500 million of new capital investment. These new projects will produce over 100 million GGE annually of RNG, reducing annual U.S. transportation emissions by 2 million metric tons of CO₂—the equivalent of taking approximately 434,782 passenger cars off the road.

“TruStar Energy combines RNG fuel supply with best in class RNG fuel delivery. By designing, engineering, constructing and servicing stations, we ensure seamless execution and uninterrupted fuel supply for our fleet partners,” said Scott Edelbach, Chief Operating Officer of TruStar Energy. “TruStar Energy provides a vertically integrated solution for fleets looking to reduce their carbon footprint, save money, and most importantly, do it today.”

Following years of testing and growing use, RNG has developed into a proven, low-cost, low-carbon fuel available today. RNG is chemically identical to the natural gas Americans use to cook and heat their homes, with one critical difference: it's not a fossil fuel pumped from the ground. Instead, RNG is the natural byproduct of landfills and animal waste, captured and processed before it leaks into the atmosphere or is required to be burned off. Fleets that use RNG can reduce their total greenhouse gas emissions by 99 to 149 percent compared to diesel, and RNG can also cost 40 to 70 percent less per gallon, providing an attractive rate of return on natural gas truck capital expenditures and a significant annual operating cost savings.

Combined, Fortistar’s continued investments and TruStar Energy’s success and expansion in RNG distribution are creating unparalleled opportunities for synergistic growth. These opportunities are fueling carbon capture, mobility and circular economy solutions providing sustainable growth for businesses across the country. For more information about TruStar Energy’s RNG program, visit www.trustarenergy.com.

ABOUT TRUSTAR ENERGY

TruStar Energy, a Fortistar portfolio company, is a market leader in renewable natural gas (RNG) fuel supply for the transportation sector and delivers it with best in class fueling infrastructure. We have built over 380 natural gas fuel station projects producing over 140 million gallons annually—with full vertical integration from station design, construction, station maintenance, service and RNG fuel supply. By 2023, we will be supplying over 125 million gallons of RNG annually into the transportation industry through its own stations and partner customers.

For additional information, please visit www.trustarenergy.com and follow us on LinkedIn and Twitter.

TruStar Energy: Fueling Success. Driving Change.

Lily Thieneman
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (502) 468-8801