ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the three and nine months ended September 30, 2020, before market open on Wednesday, November 4, 2020.
About Algoma Central
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.
www.algonet.com or www.sedar.com
Gregg A. Ruhl
President & CEO
905-687-7890
Peter D. Winkley
Chief Financial Officer
905-687-7897
LOS ANGELES & COPENHAGEN, Denmark--(BUSINESS WIRE)--#EVs--Fisker Inc. (Fisker) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today announced the signing of a vehicle order for 300 units with Viggo, the technology-driven Danish ride-hailing service.
Viggo, founded in 2019, is aiming to challenge the standards for urban transportation through advanced data-driven innovation, zero-emission cars and Scandinavian simplicity. Since founding, Viggo has built a network of more than 55 (100 projected by the end of the year) electric cars and delivered more than 100,000 rides. The company will expand into Norway in 2021 and the 300 Fisker Ocean all-electric luxury SUVs, to be delivered Q4 2022, will be a strong part of their Scandinavian expansion. Viggo’s focus is on business users and has brought many large multinational companies into its customer/user base.
“We created the Fisker Ocean with space, range and value as product priorities, attributes that are also very important to Viggo, their drivers and customers,” said Henrik Fisker, chairman and CEO of Fisker. “As someone born and raised in Denmark, I am also personally proud that this Danish company has chosen to work with Fisker and put their confidence in our company and products. This agreement is the first of many multi-vehicle orders that we are planning to sign with both mobility companies like Viggo and large corporate fleets.”
Fisker recently announced a strategic cooperation with Magna International supporting the co-development and manufacture of the Fisker Ocean SUV, projected to launch in Q4 2022. The Ocean will be assembled by Magna in Europe and is poised to deliver class-leading range, functional interior space with third-row seating and overall vehicle performance.
On behalf of Viggo, CEO Kenneth Herschel and Chairman Peter Bardenfleth-Hansen made the following comment: “We founded Viggo to create a better and more sustainable experience all-around for our customers, and so our choice of vehicle is a critically important part of that service delivery. The seating and flexible space of the Fisker Ocean, together with the projected cost of operation, makes this vehicle a very logical choice for our fleet.”
For more information, or for interview inquiries, contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.
About Viggo HQ ApS
Viggo is a Danish technology company driving the green change with climate-friendly mobility in the city. With advanced data-driven innovation, zero-emission cars, and Scandinavian simplicity, Viggo will revolutionize the way we move. The goal is to challenge the standards for urban transportation. Customer feedback is critical input for service development and the experiences are rated directly in the app for service and safety. Read more at www.viggo.com.
Fisker Inc.
Andrew de Lara
310.374.6177
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Atmos Energy, BGE, Southwest Gas and TECO Peoples Gas Rank Highest in Respective Regions
COSTA MESA, Calif.--(BUSINESS WIRE)--Due to the COVID-19 pandemic, it is no surprise that businesses are struggling. One small bright spot exists, however, as satisfaction with gas utilities increases from 2019, according to the J.D. Power 2020 Gas Utility Business Customer Satisfaction Study,SM released today. While 14% of businesses say they are worse off compared with a year ago, 67% of respondents said they are aware their gas utility offers various forms of support, which has led to a new level of overall satisfaction across the nation.
“It is very encouraging to see natural gas providers continue to improve the customer experience, especially with the challenges this year has brought,” said Carl Lepper, director of the utility practice at J.D. Power. “Commercial consumption of natural gas is lower than last year and, given the current work climate, we don’t yet know if this is a new normal. We will only know once traditional payment policies are reinstated and businesses start functioning at their pre-virus capacities.”
Study Rankings
The industry results for the 2020 study are reported across four U.S. geographic regions: East, Midwest, South and West. The following utilities rank highest in customer satisfaction in their respective region:
Now in its 16th year, the Gas Utility Business Customer Satisfaction Study measures business customer satisfaction with gas utility companies in four regions: East, Midwest, South and West. Each of the 60 brands included in the study serve more than 25,000 business customers, representing more than 4.4 million business customers in total. Overall satisfaction is measured by examining six factors (listed in order of importance): safety and reliability (25%); billing and payment (17%); corporate citizenship (15%); customer service (15%); price (15%); and communications (13%).
The study is based on responses from more than 9,600 online interviews with business customers who spend at least $150 monthly on natural gas. The study was fielded in two waves: January through April and May through September 2020.
For more information about the Gas Utility Business Customer Satisfaction Study, visit https://www.jdpower.com/business/utilities/gas-utility-business-customer-satisfaction-study
See the online press release at http://www.jdpower.com/pr-id/2020135.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.
J.D. Power is headquartered in Troy, Mich., and has offices in North America, Europe and Asia Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The J.D. Power auto shopping tool can be found at JDPower.com.
About J.D. Power and Advertising/Promotional Rules: www.jdpower.com/business/about-us/press-release-info
Media Relations Contacts
Geno Effler, J.D. Power; West Coast; 714-621-6224; This email address is being protected from spambots. You need JavaScript enabled to view it.
John Roderick; East Coast; 631-584-2200; This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Onshore Oil and Gas Pipeline Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The onshore oil and gas pipeline market is poised to grow by USD 13.49 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period.
The reports on onshore oil and gas pipeline market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising global energy demand.
The onshore oil and gas pipeline market analysis includes application segment and geographic landscapes. This study identifies the economic advantages of pipeline transportation as one of the prime reasons driving the onshore oil and gas pipeline market growth during the next few years.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The onshore oil and gas pipeline market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influences. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.
This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/z8392h
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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
- GPS Signal Protection Vital to Ensure Safe Commercial and Defense BVLOS operations -
BROOKLYN, N.Y. & CAESAREA, Israel--(BUSINESS WIRE)--#GPS--Easy Aerial, a leading provider of autonomous drone-based monitoring solutions for commercial, government, and defense applications, today announced it has integrated the infiniDome GPSdome solution for GNSS/GPS signal protection into its line of military-grade autonomous unmanned aerial systems.
GPSdome integrates into Easy Aerial’s Smart Aerial Monitoring System (SAMS) GNSS receivers and employs a unique interference filtering system that combines patterns from two omnidirectional antennas. In real-time, GPSdome analyzes the interference signal and feeds its properties into infiniDome’s proprietary algorithm to filter and reject any attacking RF interference allowing the UAS to continue GPS signal reliance during a jamming attack. Upon detection of a jamming signal, GPSdome notifies operators of a possible signal jamming interference.
Easy Aerial selected GPSdome for its lightweight, small form factor, low power consumption, and field-proven ability to detect, alert, and shield jamming signals. As the only dual-use GPS anti-jamming solution on the market, infiniDome’s technology is perfectly suited for Easy Aerial’s global security and defense customers ensuring safe Beyond Visual Line of Sight (BVLOS) and other critical operations in GPS denied environments.
“We chose GPSdome because it’s a proven solution that perfectly suits the diverse missions our customers routinely fly in some of the world’s most inhospitable and hostile environments,” said Ido Gur, co-founder & CEO of Easy Aerial. “While our systems are equipped with multiple onboard redundancies, GPS signals are vital to maintaining position, navigation, and timing accuracy, ensuring uninterrupted operation.”
“GPSdome delivers anti-jamming technology, unmatched in size, weight, power, and cost advantages,” said Omer Sharar, infiniDome’s CEO. “GPSdome is the industry’s only dual-use, both commercial and military, GPS anti-jamming protection. GPSdome not only detects the attack but also shields the received signals from being overpowered by jammers. These assaults can have drastic effects, including losses in property, services, as well as the potential risk to lives.”
About Easy Aerial
Easy Aerial is a leading provider of autonomous drone-based monitoring solutions for commercial, government, and military applications. Developed and manufactured in the United States, Easy Aerial’s free-flight and tethered drone-in-a-box systems are fully autonomous, modular, portable, rugged, and all weather capable. They are deployed worldwide for mission-critical applications such as perimeter and border security, event monitoring, emergency response, and industrial inspection. Easy Aerial is headquartered in Brooklyn, New York, with regional offices in Tel-Aviv, Israel, and Belgrade, Serbia. Visit: www.easyaerial.com.
About infiniDome, Ltd.
infiniDome provides front-end cyber solutions protecting wireless communications from jamming and spoofing attacks. infiniDome’s products protect against attacks of GPS-based systems which are critical for autonomous vehicles, drones, connected fleets, critical infrastructure, and defense/security. infiniDome’s products have been successfully proven in the field and sold to customers globally. Contact or Visit: www.infinidome.com.
Easy Aerial
Robert van Gool
415-505-2686
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Kristi Furrer
infiniDome, Ltd.
303-525-0924
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DUBLIN--(BUSINESS WIRE)--The "Barium Petroleum Sulfonate Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The barium petroleum sulfonate market is expected to develop at a CAGR of less than 3% during the forecast period
The major factor driving the growth of the barium petroleum sulfonate market is the rapid increase in demand from the corrosion inhibitors segment. On the flip-side, unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market studied.
Key Market Trends
Rust Preventatives to be the Largest Segment for Barium Petroleum Sulfonate Market
North America Region to Dominate Barium Petroleum Sulfonate Market
Competitive Landscape
The market for barium petroleum sulfonate is consolidated. Some of the players in the market include UNICORN PETROLEUM INDUSTRIES PVT. LTD, Goodway Chemicals Private Limited, Eastern Petroleum Pvt. Ltd., Xinji Rongchao Petroleum Chemical Plant, and MORESCO Corporation.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rapid Increase in Corrosion Inhibitors Demand
4.1.2 Rust preventatives Application to Boost the Market
4.2 Restraints
4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Corrosion Inhibitors
5.1.2 Coatings & Greases
5.1.3 Rust Preventatives
5.1.4 Others
5.2 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 UNICORN PETROLEUM INDUSTRIES PVT. LTD
6.4.2 Eastern Petroleum Pvt. Ltd.
6.4.3 Ganesh Benzoplast Limited
6.4.4 Gars Lubricants
6.4.5 Goodway Chemicals Private Limited
6.4.6 MORESCO Corporation
6.4.7 Royal Castor Products Limited
6.4.8 Xinji Rongchao Petroleum Chemical Plant
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/xt4n4q
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
HOUSTON--(BUSINESS WIRE)--Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that it will issue its financial results for the third quarter ended September 30, 2020 on Wednesday, October 28, 2020, after the close of the stock market.
Management will conduct a conference call on Thursday, October 29, 2020 at 10:00 a.m. ET to review these results. To listen to the call live, dial 201-493-6739 and ask for the Orion Group Holdings Conference Call. To listen to the call via the Internet, please visit www.oriongroupholdingsinc.com and click on the Investor Relations Section. Please go to the website 15 minutes early to download and install any necessary audio software. If you are unable to listen live, a replay of the conference call may be accessed for approximately 30 days after the call at Orion Group Holdings’ website.
About Orion Group Holdings
Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.
Orion Group Holdings Inc.
Francis Okoniewski, VP Investor Relations
(346) 616-4138
www.oriongroupholdingsinc.com
-OR-
INVESTOR RELATIONS COUNSEL:
The Equity Group Inc.
Fred Buonocore, CFA (212) 836-9607
Mike Gaudreau (212) 836-9620
BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2507 per share, payable Dec. 1, 2020 to all shareholders of record on Nov. 13, 2020.
Essential Utilities has paid consecutive quarterly cash dividends for 75 years and has increased the dividend 30 times in the last 29 years.
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Dan Lockwood
Communications and Marketing
O: 610.645.1157
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (NYSE:CLH), the leading provider of environmental and industrial services throughout North America, will host its third-quarter 2020 conference call on Wednesday, November 4, 2020 at 9:00 a.m. ET.
On the call, Chairman, President and Chief Executive Officer Alan S. McKim, Executive Vice President and Chief Financial Officer Michael L. Battles, and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.
Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881. Please dial in at least 10 minutes prior to the start of the call. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.
About Clean Harbors
Clean Harbors (NYSE:CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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DUBLIN--(BUSINESS WIRE)--The "Drilling and Completion Fluids Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The drilling and completion fluids market is expected to register a CAGR of over 5% during the forecast period of 2020-2025
Factors, such as increase in the number of drilling operations in Europe, North America, and Middle East are expected to drive the demand for the drilling and completion fluids market. Additionally, development of shale and deep-water and ultra-deepwater fields is expected to drive the market for drilling and completion fluids. However, the volatile oil prices over the recent period, owing to the supply-demand gap, geopolitics, and several other factors, are restraining the market's growth.
The onshore segment accounted for the maximum market share in the market in 2018. Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of the global oil production.
Key Market Trends
Onshore to Dominate the Market
Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of the global oil production. Onshore drilling is similar to offshore drilling but without the difficulty of deep water between the platform and the oil.
North America to Dominate the Market
Competitive Landscape
The drilling and completion fluids market is moderately fragmented, with numerous small and big companies operating in the market. The key players in this market include Schlumberger Limited, Baker Hughes Company, Halliburton Company, CES Energy Solutions Corp., Tetra Technologies and Scomi Energy Services BHD, among others.
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Onshore and Offshore Active Rig Count, till July 2020
4.4 Historic and Demand Forecast of Upstream CAPEX in USD billion, by Onshore and Offshore, 2017-2025
4.5 Historic and Demand Forecast of Offshore CAPEX in USD billion, by Water Depth, 2017-2025
4.6 Historic and Demand Forecast of Offshore CAPEX in USD billion, by Region, 2017-2025
4.7 Major Upcoming Upstream Projects
4.8 Recent Trends and Developments
4.9 Market Dynamics
4.9.1 Drivers
4.9.2 Restraints
4.10 Supply Chain Analysis
4.11 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Onshore
5.1.2 Offshore
5.2 Fluid Type
5.2.1 Water-based
5.2.2 Oil-based
5.2.3 Other Fluid Types
5.3 Well Type
5.3.1 Conventional
5.3.2 HPHT
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Baker Hughes Company
6.3.2 CES Energy Solutions Corp.
6.3.3 Chevron Phillips Chemical Company LLC
6.3.4 Halliburton Company
6.3.5 Newpark Resources Inc.
6.3.6 Schlumberger Limited
6.3.7 Tetra Technologies Inc.
6.3.8 Weatherford International PLC
6.3.9 National Oilwell Varco Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/zeh10x.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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
SANTIAGO & LONDON--(BUSINESS WIRE)--Highview Power, a global leader in long duration energy storage solutions, has entered into a joint venture agreement with Energía Latina S.A.-Enlasa, the largest backup power generation provider in Chile, to co-develop giga-scale cryogenic energy storage projects in Chile and other Latin American markets.
“We are excited to work with Enlasa to bring Highview’s technology to Chile,” said Javier Cavada, CEO and President of Highview Power. “Together, our two companies can harness the growing deployment of renewables in Chile and across Latin America and bring renewable baseload power to the region, all without the geographic constraints associated with other energy storage technologies.”
The joint venture, named Highview Enlasa, will help to open Latin American energy markets to baseload renewable energy potential. Highview Power’s long duration energy storage system, paired with renewable energy sources, are equivalent in performance to thermal and nuclear power. CRYOBatteries are developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power.
“Enlasa is very committed to sustainability and through our partnership with Highview Power we are on the leading edge of providing innovative energy storage solutions to Latin America,” said Rodrigo Sáez, CEO of Enlasa. “Highview Power’s cryogenic technology is the optimal solution to provide the large scale, long duration energy storage that is needed to balance the grid as more solar and wind power come online.”
Chile has one of the best solar irradiations of the world and the deployment of solar power together with the national decarbonization strategy require long duration energy storage to provide the needed energy balance to achieve a sustainable grid. Other Latin America markets have similar initiatives, and a CRYOBattery™ plant in Chile will serve as a great business case for the region.
About Highview Power
Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 20 MW/100 MWh to more than 200 MW/2 GWh of energy and has a lifespan over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power. For more information, please visit: http://www.highviewpower.com.
About Enlasa
Energía Latina S.A. -Enlasa is an energy generation company with more than 12 years of history. Until now our business model has been mainly oriented to provide backup power to the National Grid making available flexible/fast response units to the system, providing grid security in case of contingencies or unavailability in the transmission facilities. Energía Latina S.A. is an open joint-stock company and the parent company of a corporate conglomerate. Its affiliate Enlasa Generación Chile S.A. owns the historical generation assets.
Media Contact Highview Power:
Wendy Prabhu, Mercom Communications
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+1 512 215 4452
- Conference Call to Follow at 4:30 p.m. ET/3:30 p.m. CT –
AMES, Iowa--(BUSINESS WIRE)--$REGI #REG--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that it will release financial results for the third quarter 2020 after the market close on Thursday, November 5, 2020. An investor conference call will follow at 4:30 p.m. ET/3:30 p.m. CT. The call will be hosted by Cynthia (CJ) Warner, President and Chief Executive Officer, and Chad Stone, Chief Financial Officer.
Investors in the U.S. interested in participating in the live call should dial 1-800-709-0218 and provide conference ID 21971208 to the operator. Those calling from outside the U.S. should dial 1-416-981-9037 and provide conference ID 21971208 to the operator. A telephone replay will be available one hour after the call concludes through November 12, 2020 by dialing from the U.S. 1-844-512-2921, or from international locations 1-412-317-6671 and entering the passcode 21971208.
A simultaneous live webcast will be available on the Investor Relations section of the Company's website at http://investor.regi.com/. The webcast will be archived on the website for six months.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Investor Relations:
Renewable Energy Group
Todd Robinson
Treasurer
+1 (515) 239-8048
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TORONTO--(BUSINESS WIRE)--DREAM HARD ASSET ALTERNATIVES TRUST (TSX:DRA.UN) (“Dream Alternatives” or the “Trust”) today announced its October 2020 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The October distribution will be payable on November 13, 2020 to unitholders of record as at October 30, 2020.
Dream Alternatives is a real estate impact investing vehicle that targets projects that create positive and lasting impacts on communities and the environment, while achieving market returns. Dream Alternatives provides investors with access to an exceptional portfolio of real estate development and income properties that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to provide investors with a portfolio of high-quality real estate development opportunities and alternative assets that generate both strong financial returns and provide positive social and environmental impacts in our communities; balance growth and stability of the portfolio, increasing cash flow, unitholders' equity and NAV over time; and provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamalternatives.ca
DREAM HARD ASSET ALTERNATIVES TRUST
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
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Kimberly Lefever
Director, Investor Relations
(416) 365-6339
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NEW YORK--(BUSINESS WIRE)--#offshorewind--Today, Equinor submitted bids into New York’s second offshore wind solicitation, building on its strong commitment to deliver renewable energy to the Empire State. In keeping with New York’s commitment to a just energy transition Equinor would provide large investments in economically disadvantaged communities.
Equinor submitted its proposals to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent solicitation requesting proposals for up to 2,500 megawatts of offshore wind and a multi-port infrastructure investment plan.
“The U.S. offshore wind industry is poised for expansion and we are passionate about creating substantial value in the New York market,” said Siri Espedal Kindem, President Equinor Wind U.S. “These proposals include significant new benefits for New York – from workforce training, economic development, and community benefits – alongside a tremendous amount of homegrown, renewable energy. We look forward to building on our collective success in New York together.”
Equinor has offered bids including two projects, “Empire Wind Phase 2” and “Beacon Wind,” which together have the potential to power more than one million homes and generate more than 3,000 new jobs for New York State. This latest announcement builds on the success of Empire Wind Phase 1, an 816 MW winning bid in 2019 that is currently under development, and further demonstrates the company’s position as a leader in the U.S. offshore wind industry and a major player in advancing New York’s ambitious renewable energy agenda.
Equinor’s projects will help achieve New York’s nation-leading renewable energy goals and enable the region to “build back better,” supporting the state’s economic rebound and strengthening economically disadvantaged communities.
Equinor plans to use the South Brooklyn Marine Terminal for construction activities and its operations and maintenance (O&M) base going forward. The proposals include plans for manufacturing offshore wind components upstate at the Port of Coeymans and the Port of Albany. In addition, Equinor is advancing efforts to address environmental justice and support disadvantaged communities, basing many of the project’s investments in these underserved communities.
Equinor’s investments are an extension of its company-wide commitment to ensuring that its activities create lasting value for local communities through its business activities, including direct and indirect local employment, procurement, and social investments.
New York State has a goal to secure 70 percent of its electricity from renewable energy by 2030, and at least 9,000 megawatts of offshore wind by 2035. The state has indicated it will notify awards for the solicitation during Q4 2020.
In September 2020, BP and Equinor announced that they have formed a strategic partnership for offshore wind in the U.S., and that BP will be a 50% non-operating partner in the Empire Wind and Beacon Wind assets on the U.S. East Coast. The transaction is expected to close in early 2021.
About Equinor
Equinor is developing into a broad energy company, building a material position in renewable energy. Equinor now powers more than one million European homes with renewable offshore wind from four projects in the United Kingdom and Germany. Equinor commissioned the world’s first floating offshore wind farm in 2017 off the coast of Scotland. In the U.S., Equinor holds two lease areas, the Empire Wind lease located approximately 20 miles south of Long Island and the Beacon Wind lease area 60 miles off the coast of Long Island.
Key Facts
Empire Wind:
Beacon Wind:
Media:
Eskil Eriksen, Media Relations
+47 958 82 534 (mobile)
LONDON--(BUSINESS WIRE)--#naturalgas--The Natural Gas Utilities market will register an incremental spend of about USD 259 billion, growing at a CAGR of 5.11% during the five-year forecast period. A targeted strategic approach to Natural Gas Utilities sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
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SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Natural Gas Utilities market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
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Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Natural Gas Utilities market. The report also aids buyers with relevant Natural Gas Utilities pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) plans to announce third quarter 2020 results on October 29 after market close, which will be followed by a conference call at 5:00 pm ET. The call will be hosted by Bruce Hoechner, President and CEO, who will be joined by Mike Ludwig, SVP and CFO, and Bob Daigle, SVP and CTO.
A live webcast and slide presentation will be available under the investors section of www.rogerscorp.com. To participate, please dial 1-800-574-8929 from the US, or 1-973-935-8524 from outside the US. The passcode for the live teleconference is 9474445.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers-- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.
Investor contact:
Steve Haymore
Phone: 480.917.6026
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
NEW YORK--(BUSINESS WIRE)--Global energy software provider Smarter Grid Solutions (SGS) is driving its ambitious product program forward with the appointment of Euan Davidson to Chief Technology Officer (CTO).
SGS’s software solutions connect clean energy producers and low carbon technologies to the grid, helping grid operators tackle the climate emergency and moving the grid and the market towards net zero carbon emissions.
Based in Glasgow, Euan will take a lead role in advancing its Distributed Energy Resource Management System (DERMS) software products to meet the demand of Distributed Energy Resource (DER) customers. This includes energy asset owners, energy as a service providers, virtual power plant operators and system operators.
The new role will see him develop SGS’s product range and drive new business with energy asset operator, distribution wires utility and microgrid customers. He will also look at broadening the application of SGS’s products to a wider set of value streams in smart, clean and resilient energy systems.
Since joining SGS in 2012 as its first R&D engineer, Euan has contributed to the delivery of the firm’s research, product, system delivery and market strategies. He has led significant projects, including SGS’s first product delivery in Germany.
Brent Marshall, CEO at Smarter Grid Solutions said: “We are currently working towards an ambitious program of product releases to meet the needs of our markets and customers. Euan not only possesses the deep technical expertise to pursue world-class solutions, but has a vision which aligns with our technology and product roadmaps.
“We have already enabled the management of over 425 MW of DER and delivered over €200 million of savings to our customers worldwide. We aim to have a total 3GW of clean energy assets under control in 2021 and Euan’s work will be instrumental in achieving this.”
Euan Davidson, CTO at Smarter Grid Solutions said: “It's an exciting time to be taking the reins on technology development at such an innovative company. Right now the climate emergency is of utmost importance and we are carrying out essential work to decarbonize and balance grid supply and demand.
“We are going through an extraordinary period of growth, reaching new markets including Canada and India. I am excited to lead SGS’s range of DERMS solutions and continue to deliver green energy innovation to our customers on a global scale.”
ENDS
Jasmine Geddes
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DALLAS & AUSTIN, Texas--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") and Parsley Energy, Inc. (NYSE:PE) (“Parsley”) today announced that they have entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion as of October 19, 2020. Under the terms of the agreement, Parsley shareholders will receive a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. The total value for the transaction, inclusive of Parsley debt assumed by Pioneer, is approximately $7.6 billion.
Scott D. Sheffield, Pioneer’s President and CEO stated, “This transaction creates an unmatched independent energy company by combining two complementary and premier Permian assets, further strengthening Pioneer’s leadership position within the upstream energy sector. Parsley’s high-quality portfolio in both the Midland and Delaware Basins, when added to Pioneer’s peer-leading asset base, will transform the investing landscape by creating a company of unique scale and quality that results in tangible and durable value for investors.
This combination is expected to drive annual synergies of $325 million and to be accretive to cash flow per share, free cash flow per share, earnings per share and corporate returns beginning in the first year, creating an even more compelling investment proposition. Further, Pioneer’s emphasis on environmental stewardship aligns with Parsley’s culture of sustainable operations. The addition of Parsley’s high-quality assets enhances Pioneer’s investment framework by improving our free cash flow profile and strengthening our ability to return capital to shareholders. We look forward to integrating Parsley into Pioneer and continuing our history of strong execution.”
Matt Gallagher, Parsley's President and CEO stated, “The combination of Parsley and Pioneer creates an organization set to thrive as we forge a strong new link at the low end of the global cost curve. With neighboring acreage positions located entirely in the low-cost, high-margin Permian Basin, the industrial logic of this transaction is sound. Furthermore, the Pioneer team shares our belief that a clear returns-focused mindset is the best tool to compete for capital within the broader market. Sustainable free cash flow and growing return of capital are now investment prerequisites for the energy sector and this combination strengthens those paths for our shareholders. Finally, I would like to personally thank every employee of Parsley Energy for their role in the evolution of this company – from operating a few dozen vertical wells in 2008 to a global leadership position in E&P operations today.”
S. Wil VanLoh, Jr., a Parsley director and the Founder and Chief Executive Officer of Quantum Energy Partners, Parsley’s largest shareholder, commented, “The inevitable consolidation in the Permian marches on and I couldn’t think of a better combination of assets than Pioneer and Parsley. This combination will provide Parsley shareholders new structural advantages including a lower cost of capital, a fortified balance sheet, economies of scale, and enhanced ESG capabilities, while amplifying all of the relative strengths of our standalone model. We look forward to partnering with the Pioneer team as they cement their position as the premier independent E&P.”
Strategic and Financial Benefits
Transaction Details
This all-stock transaction constitutes a 7.9% premium to Parsley shareholders based on unaffected closing share prices as of October 19, 2020. Pioneer will issue approximately 52 million shares of common stock in the transaction. After closing, existing Pioneer shareholders will own approximately 76% of the combined company and existing Parsley shareholders will own approximately 24% of the combined company.
The transaction has been unanimously approved by the Boards of Directors of both Pioneer and Parsley and is expected to close in the first quarter of 2021, subject to customary closing conditions, regulatory approvals and shareholder approvals. Parsley’s largest investor, Quantum Energy Partners, which owns approximately 17% of Parsley’s outstanding shares, has executed a Voting and Support Agreement in connection with the transaction.
Upon closing of the transaction, Pioneer’s Board of Directors will be expanded to thirteen to include Matt Gallagher, Parsley’s President and CEO, and A.R. Alameddine, Parsley’s lead director. Pioneer’s executive management team will lead the combined company with the headquarters remaining in Dallas, Texas.
Advisors
In connection with this transaction, Pioneer has retained Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as financial advisors and Gibson, Dunn & Crutcher LLP as a legal advisor. Parsley has retained Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC as financial advisors and Vinson & Elkins LLP as a legal advisor.
Conference Call
On Tuesday, October 20, 2020 at 3:45 p.m. Central Time, Pioneer will host a conference call to discuss the transaction. Instructions for listening to the call and viewing the accompanying presentation are shown below.
Internet: www.pxd.com
Select "Investors," then "Earnings & Webcasts" to listen to the discussion, view the presentation and see other related material.
Telephone: Dial (800) 263-0877 and enter confirmation code 3079213 five minutes before the call.
A replay of the webcast will be archived on Pioneer’s website. This replay will be available through November 20, 2020. Click here to register for the call-in audio replay and you will receive the dial-in information.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and production of unconventional oil and natural gas reserves in the Permian Basin. For more information, visit Parsley’s website at www.parsleyenergy.com.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed transaction. The proposed transaction will be submitted to Pioneer’s stockholders and Parsley’s stockholders for their consideration. Pioneer and Parsley intend to file a joint proxy statement/prospectus (the “Joint Proxy Statement/Prospectus”) with the SEC in connection with the solicitation of proxies by Pioneer and Parsley in connection with the proposed transaction. Pioneer intends to file a registration statement on Form S-4 (the “Form S-4”) with the SEC, in which the Joint Proxy Statement/Prospectus will be included. Pioneer and Parsley also intend to file other relevant documents with the SEC regarding the proposed transaction. The definitive Joint Proxy Statement/Prospectus will be mailed to Pioneer’s stockholders and Parsley’s stockholders when available. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, INVESTORS AND STOCKHOLDERS OF PIONEER AND INVESTORS AND STOCKHOLDERS OF PARSLEY ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
The Joint Proxy Statement/Prospectus, any amendments or supplements thereto and other relevant materials, and any other documents filed by Pioneer or Parsley with the SEC, may be obtained once such documents are filed with the SEC free of charge at the SEC’s website at www.sec.gov or free of charge from Pioneer at www.pxd.com or by directing a request to Pioneer’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it. or free of charge from Parsley at www.parsleyenergy.com or by directing a request to Parsley’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it..
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
Pioneer, Parsley and certain of their respective executive officers, directors, other members of management and employees may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies in connection with the proposed transaction. Information regarding Pioneer’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 9, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 24, 2020. Information regarding Parsley’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 6, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 21, 2020. These documents may be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Form S-4, the Joint Proxy Statement/Prospectus and other relevant materials relating to the proposed transaction to be filed with the SEC when they become available. Stockholders and other investors should read the Joint Proxy Statement/Prospectus carefully when it becomes available before making any voting or investment decisions.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer and Parsley are subject to a number of risks and uncertainties that may cause Pioneer’s and Parsley’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, the risk that Pioneer’s and Parsley’s businesses will not be integrated successfully; the risk that the cost savings, synergies and growth from the proposed transaction may not be fully realized 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 on the companies or the industries in which they operate, including the risk of new restrictions with respect to development activities on Pioneer’s or Parsley’s assets; the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect; the risk that Pioneer or Parsley may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or that required governmental and regulatory approvals may delay the proposed transaction or result in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction; the risk that a condition to closing of the proposed transaction may not be satisfied; the length of time necessary to consummate the proposed transaction, which may be longer than anticipated for various reasons; 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 potential impact of the announcement or consummation of the proposed transaction on relationships with customers, suppliers, competitors, management and other employees; the effect of this communication on Pioneer’s or Parsley’s stock prices; transaction costs; volatility of commodity prices, product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity, competition, the ability to obtain environmental and other permits and the timing thereof, other government regulation or action, the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms, litigation, the costs and results of drilling and operations, availability of equipment, services, resources and personnel required to perform the Pioneer’s and Parsley’s drilling and operating activities, access to and availability of transportation, processing, fractionation, refining, storage and export facilities; Pioneer’s and Parsley’s ability to replace reserves, implement its business plans or complete its development activities as scheduled; access to and cost of capital; the financial strength of counterparties to Pioneer’s or Parsley’s credit facility, investment instruments and derivative contracts and purchasers of Pioneer’s and Parsley’s oil, natural gas liquids and gas production; uncertainties about estimates of reserves and resource potential; identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying forecasts, including forecasts of production, cash flow, well costs, capital expenditures, rates of return to shareholders, expenses, cash flows from purchases and sales of oil and gas net of firm transportation commitments, sources of funding and tax rates; quality of technical data; environmental and weather risks, including the possible impacts of climate change; cybersecurity risks; ability to implement stock repurchases; the risks associated with the ownership and operation of Pioneer’s oilfield services businesses and acts of war or terrorism. These and other risks are described in Pioneer’s and Parsley’s Annual Reports on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020 and other filings with the Securities and Exchange Commission. In addition, Pioneer and Parsley may be subject to currently unforeseen risks that may have a materially adverse impact on the combined company. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer and Parsley undertake no duty to publicly update these statements except as required by law.
Cautionary Note to U.S. Investors – The SEC prohibits oil and gas companies, in their filings with the SEC, from disclosing estimates of oil or gas resources other than "reserves," as that term is defined by the SEC. In this presentation, Pioneer includes estimates of quantities of oil and gas using certain terms, such as "resource base," "resource potential," "net recoverable resource potential," "estimated ultimate recovery," "EUR," "oil in place" or other descriptions of volumes of reserves, which terms include quantities of oil and gas that may not meet the SEC’s definitions of proved, probable and possible reserves, and which the SEC’s guidelines strictly prohibit Pioneer from including in filings with the SEC.
These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being recovered by Pioneer. U.S. investors are urged to consider closely the disclosures in the Company’s periodic filings with the SEC. Such filings are available from the Company at 777 Hidden Ridge, Irving, Texas 75038, Attention: Investor Relations and the Company’s website at www.pxd.com. These filings also can be obtained from the SEC by calling 1-800-SEC-0330.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592
Media and Public Affairs
Tadd Owens - 972-969-5760
Parsley Energy Company Contacts:
Investors
Kyle Rhodes – 512-505-5199
Dan Guill – 512-505-5199
Media and Public Affairs
Kate Zaykowski – 512-220-7100
BETHESDA, Md. & WAYNE, Pa.--(BUSINESS WIRE)--Today, Enviva, a leading global energy company specializing in sustainable wood bioenergy, and Finite Carbon, North America’s leading developer of forest carbon offsets, announced they are teaming up to engage small forest landowners across the U.S. Southeast to voluntarily participate in global greenhouse gas emissions reduction programs. The partnership, leveraging Finite Carbon’s CORE Carbon online platform, will help address climate change while generating new annual income for small landowners based on forest stewardship and extended rotations of mature bottomland hardwood forests.
“Enviva’s partnership with Finite Carbon will deliver on the promise of continued forest growth and carbon sequestration across the U.S. Southeast by creating an additional incentive for small forest landowners to protect their forests, especially sensitive, bottomland hardwoods,” said John Keppler, Chairman and Chief Executive Officer of Enviva. “This partnership will move our mission of fighting climate change and displacing coal forward by opening new avenues for forest owners with less than 5,000 acres to generate income from the growing carbon offset market by choosing not to harvest their timberlands right now, enabling them to be a critical participant in addressing the global climate crisis.”
“CORE Carbon is a free, easy to use digital platform designed to incentivize sustainable land management decisions,” said Sean Carney, President of Finite Carbon. “Our partnership with Enviva will make it easier for small forest landowners to enroll in the voluntary carbon offset market, access a new source of revenue, and protect some of the South’s cherished forests.”
While CORE Carbon will be available to over 1.5 million family and non-industrial forest owners in the U.S., this partnership will leverage Enviva's focus on bottomland hardwood forests in the U.S. Southeast.
The partnership will significantly increase the availability of global carbon offset programs to privately held forestland by leveraging Enviva’s well-established landowner network along with Finite Carbon’s CORE Carbon Platform, which utilizes remote sensing technologies to dramatically reduce the costs and barriers to market entry for smaller forest landowners with as little as 40 acres of forestland. The initial phase of CORE Carbon will focus on a deferred harvest methodology, co-authored with American Carbon Registry, focusing on high conservation value forests such as mature bottomland hardwood stands in the U.S. Southeast.
Over the next decade, the program will seek to make sustainable forestry a more feasible proposition by opening the carbon offset market to over 1.5 million small forest landowners and generating $1 billion in carbon offset revenue for participating landowners.
Through the partnership, Enviva and Finite Carbon will create real and measurable progress toward the protection of bottomland forest habitats, which are critically important to biodiversity and wildlife, water quality and flood control, and carbon storage in the region. Bottomland hardwood forests reduce the risk and severity of flooding to downstream communities by providing areas to store floodwater. In addition, these habitats improve water quality by filtering and flushing nutrients, processing organic wastes, and reducing sediment before it reaches open water.
Learn more about CORE Carbon at corecarbon.com or https://youtu.be/wdEpA-BMewo.
About Enviva Holdings, LP
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the Southeastern United States. We export our pellets primarily to power plants in the United Kingdom, Europe and Japan that previously were fueled by coal, enabling them to reduce their lifetime carbon footprint by about 80 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. South. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com and follow us on social media @Enviva.
About Finite Carbon:
Finite Carbon is North America’s leading developer and supplier of forest carbon offsets. With offices in seven states, it combines unparalleled project development experience with extensive carbon market knowledge. Finite Carbon has generated over one-third of all California compliance offset supply and delivered more than $500 million to landowners. Its project portfolio includes over three million acres of working forestland representing every region and major forest type from the Appalachians to coastal Alaska. Learn more at finitecarbon.com.
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (301) 657-5560
Jazmin Varela: This email address is being protected from spambots. You need JavaScript enabled to view it.
+1( 919) 724-7402
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today that there will be no distribution paid for the month of October 2020 to holders of record as of the close of business on October 30, 2020, as costs, charges and expenses attributable to the Trust’s royalty properties exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to the specified interest in certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by the volatility in commodity prices. Recently, there has been a substantial decrease in oil and natural gas prices due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Continued low oil and natural gas prices, among other things, will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2019 under “Part I, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended March 31, 2020 under “Part II, Item 1A. Risk Factors” and the Trust’s Form 10-Q for the quarter ended June 30, 2020 under “Part II, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.investorhq.businesswire.com/
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