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

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

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

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

• Net income for the third quarter 2021 was $40.1 million or $1.11 per diluted share
• Rail North America’s fleet utilization increased to 99.2%
• Company reiterates 2021 full-year earnings guidance

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) today reported 2021 third-quarter results. Results for the third quarter and nine months ended September 30, 2021 are summarized below:

2021 third-quarter net income from continuing operations was $40.1 million or $1.11 per diluted share, compared to net income from continuing operations of $48.2 million or $1.36 per diluted share in the third quarter of 2020. Net income from continuing operations for the first nine months of 2021 was $82.1 million or $2.28 per diluted share, compared to $132.4 million or $3.74 per diluted share in the prior year period. The 2021 year-to-date results include a net negative impact of $39.7 million or $1.10 per diluted share related to an enacted tax rate increase in the United Kingdom and a net negative impact of $3.4 million or $0.09 per diluted share attributed to debt extinguishment costs associated with an early redemption. The 2020 third-quarter and year-to-date results include a net negative impact of $12.3 million or $0.35 per diluted share related to the elimination of a previously announced tax rate reduction in the United Kingdom. Details related to these items are provided in the attached Supplemental Information under Impact of Tax Adjustments and Other Items on Net Income.

Net income from discontinued operations in the third-quarter and year-to-date periods of 2021 was zero, compared to net loss of $0.3 million or $(0.01) per diluted share in the third quarter of 2020 and net income of $1.1 million or $0.03 per diluted share for the first nine months of 2020.

"We continue to see improvement across our global railcar leasing markets," said Brian A. Kenney, president and chief executive officer of GATX. "In North America, GATX's fleet utilization increased to 99.2% at quarter end and our renewal success rate was 84%. Absolute lease rates across the majority of our fleet increased for the fifth quarter in a row, while the third-quarter renewal lease rate change of GATX’s Lease Price Index was in line with our expectations at negative 8.1%.

“Rail International continues to perform well, as demand for railcars in Europe and India remains robust. GATX Rail Europe's fleet utilization remained high at 98.1% and renewal lease rates for most car types increased versus the expiring rates. GATX Rail Europe and GATX Rail India continued to grow and diversify their fleets during the quarter. However, the pace of fleet growth in 2021 has been negatively impacted by COVID-19-related new car delivery delays in both regions. In Portfolio Management, the Rolls-Royce and Partners Finance affiliates performed as expected in a challenging operating environment for international air travel.”

Mr. Kenney concluded, “Based on year-to-date performance and our outlook for the remainder of the year, we continue to expect our 2021 full-year earnings to be in the range of $4.30 to $4.50 per diluted share. This guidance excludes any impact from Tax Adjustments and Other Items.”

RAIL NORTH AMERICA

Rail North America reported segment profit of $66.5 million in the third quarter of 2021, compared to $56.1 million in the third quarter of 2020. Year to date, Rail North America reported segment profit of $209.8 million, compared to $178.1 million in the same period of 2020. Higher third-quarter and year-to-date segment profit was predominantly driven by higher gains on asset dispositions and lower maintenance expense, partially offset by lower revenue.

At Sept. 30, 2021, Rail North America’s wholly owned fleet was comprised of approximately 114,200 cars, including over 12,800 boxcars. The following fleet statistics and performance discussion exclude the boxcar fleet.

Fleet utilization was 99.2% at the end of the third quarter, compared to 98.5% at the end of the prior quarter and 98.2% at the end of the third quarter of 2020. During the third quarter, the renewal lease rate change of the GATX Lease Price Index (LPI) was negative 8.1%. This compares to negative 6.7% in the prior quarter and negative 29.4% in the third quarter of 2020. The average lease renewal term for all cars included in the LPI during the third quarter was 32 months, compared to 29 months in the prior quarter and 29 months in the third quarter of 2020. Rail North America’s investment volume during the third quarter was $178.9 million.

Additional fleet statistics, including information on the boxcar fleet, and macroeconomic data related to Rail North America’s business are provided on the last page of this press release.

RAIL INTERNATIONAL

Rail International’s segment profit was $27.0 million in the third quarter of 2021, compared to $24.0 million in the third quarter of 2020. Rail International reported segment profit of $76.1 million year-to-date 2021, compared to $57.9 million for the same period of 2020. The increase in third-quarter and year-to-date segment profit was predominately driven by more railcars on lease.

At Sept. 30, 2021, GATX Rail Europe’s (GRE) fleet consisted of over 26,800 cars. Utilization was 98.1%, compared to 98.4% at the end of the prior quarter and 98.2% at the end of the third quarter of 2020. Additional fleet statistics for GRE are provided on the last page of this press release.

PORTFOLIO MANAGEMENT

Portfolio Management reported segment profit of $6.2 million in the third quarter of 2021, compared to $44.3 million in the third quarter of 2020. Segment profit year-to-date 2021 was $24.5 million, compared to $83.1 million for the same period of 2020. The decline in segment profit in the comparative periods was primarily driven by lower share of affiliates’ earnings from the Rolls-Royce and Partners Finance affiliates, and in particular a large gain in the third quarter of 2020 from a transaction involving the refinancing and sale of a group of aircraft spare engines.

DISCONTINUED OPERATIONS

In the second quarter of 2020, GATX completed the sale of American Steamship Company (ASC). The ASC business segment is accounted for as discontinued operations. Results for discontinued operations are summarized below:

COMPANY DESCRIPTION

GATX Corporation (NYSE: GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for more than 120 years. GATX has been headquartered in Chicago, Illinois since its founding in 1898.

TELECONFERENCE INFORMATION

GATX Corporation will host a teleconference to discuss 2021 third-quarter results. Call details are as follows:

Thursday, Oct. 21, 2021
11 a.m. Eastern Time
Domestic Dial-In: 1-800-367-2403
International Dial-In: 1-334-777-6978
Replay: 1-888-203-1112 or 1-719-457-0820 /Access Code: 9998699

Call-in details, a copy of this press release and real-time audio access are available at www.gatx.com. Please access the call 15 minutes prior to the start time. A replay will be available on the same site starting at 2 p.m. (Eastern Time), Oct. 21, 2021.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITE

Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the “Investor Relations” tab.

FORWARD-LOOKING STATEMENTS

Statements in this Earnings Release not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “continue,” “likely,” “will,” “would”, and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.

The following factors, in addition to those discussed in our other filings with the SEC, including our Form 10-K for the year ended December 31, 2020 and subsequent reports on Form 10-Q, could cause actual results to differ materially from our current expectations expressed in forward-looking statements:

GATX Corporation
Shari Hellerman
Director, Investor Relations
312-621-4285
This email address is being protected from spambots. You need JavaScript enabled to view it.

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

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

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

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

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

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

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

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

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

SAN JOSE, Calif.--(BUSINESS WIRE)--$BE #earnings--Bloom Energy (NYSE: BE) today announced it will release its third quarter fiscal year 2021 financial results on November 4, 2021 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT)/ 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Q3 2021 Conference Call and Webcast
Date: November 4, 2021
Time: 2 p.m. PT/ 5 p.m. ET
Live Dial in: Domestic (833) 520-0063 | International +1 (236) 714-2197
Participant Passcode: 6351508
Live webcast: https://investor.bloomenergy.com/

A telephonic replay of the conference call will be accessible for one week following the call at:
Dial in: Domestic (800) 585-8367 | International +1 (416) 621-4642
Passcode: 6351508

The Investors section of the Bloom Energy website will also host a replay for one year following the webcast at https://investor.bloomenergy.com/.

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

Investor Relations:
Ed Vallejo
+1 (267) 370-9717
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Relations:
Jennifer Duffourg
+1 (480) 341-5464
This email address is being protected from spambots. You need JavaScript enabled to view it.

Landfill Gases Converted to Renewable Natural Gas Across Multi-State Projects

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

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

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

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

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

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

Vision RNG

Media Inquiries
Cara Dickens, Rocket Pop
This email address is being protected from spambots. You need JavaScript enabled to view it.
(804) 677-6556

Vision RNG Business Inquiries
Kevin Johnson, CFO, Vision RNG
This email address is being protected from spambots. You need JavaScript enabled to view it.
(724) 760-7415

Meridian Waste

Meridian Waste Acquisitions, LLC
Mary O'Brien
Chief Marketing Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.

Phil Mulacek, Founder of InterOil Corporation owns approximately 18.4% of Empire Corporation

Ben Marchive II of Cox Operating with 17 years of Gulf of Mexico operational experience

TULSA, Okla--(BUSINESS WIRE)--Empire Petroleum Corporation (“Empire”) (OTCQB:EMPR) is pleased to announce that its Board of Directors has unanimously voted to appoint Phil Mulacek and Ben Marchive as members of the company’s Board of Directors effective immediately.

“It’s been a pleasure to work with Phil over the last year, first as joint development partner in our Fort Trinidad Field, Texas and, more recently as a key financial partner in our May acquisition of the Eunice Monument Field in the Permian Basin from ExxonMobil,” stated Mike Morrisett, President of Empire. “We look forward to Phil and Ben playing a vital role on our Board as we establish a financially superior company with core operational performance.”

Phil Mulacek has a proven track record of over 35 years in global oil and gas and LNG development. He was the founder and former Chairman and CEO of an NYSE-listed InterOil company and retired in 2013. Under his 14-year tenure, the company’s market cap increased from US$10 million to over US$5.6 billion, with the share price improving from US$0.50 cents to over US$109 per share. Mr. Mulacek led the discovery of 1.6 billion barrels of oil equivalent in Papua New Guinea.

Mr. Mulacek has a Bachelor of Science in Petroleum Engineering from Texas Tech University. Mr. Mulacek formed his private investment company, Petroleum Independent and Exploration Corporation (PIE Corp), in 1981. PIE Corp and its sister companies hold through recent private acquisitions a vast amount of oil and gas royalty mineral acreage in the United States. The acquisition secured long-term access to more than 400 properties and over 500,000 acres spreading from Texas to Georgia and Alabama. Phil Mulacek states, “I am proud to join my fellow Empire directors, as my first Board seat in over 8 years. I am committed to Empire as evidenced by being its largest individual shareholder. I see Empire as a company that can excel above others with material scalability in today’s market.”

Ben Marchive II joined Cox Operating, LLC as Vice President-Land after their merger with Energy XXI where he held a similar position. Mr. Marchive has over seventeen years of industry experience, the majority of which has been in the Gulf of Mexico and along the Gulf Coast. Mr. Marchive began his career at Apache Corporation in 2003 as a Landman working South Louisiana and Texas. Ben is active in several industry organizations, namely as a Board Member on the Outer Continental Shelf Advisory Board and the Louisiana Oil and Gas Board. Mr. Marchive graduated from the University of Louisiana – Lafayette with a Bachelor’s degree in Petroleum Land and Resource Management.

Ben Marchive II states, “I am proud to join the board of Empire with its strong leadership team and opportunities to create superior shareholder value. I am gratified that Cox and Cox Oil’s executive management supports my efforts to contribute to Empire.”

Empire CEO Tommy Pritchard added, “Empire's future is bright, and following up on our transformational New Mexico acquisition, it was clear to the Board that the unique combination of both Phil's and Ben’s vision and experience would be strong complements to our group. Empire’s Board and management team looks forward to working with both of these gentlemen to build on the recent momentum we have enjoyed as a company, and responsibly deliver sustainable results for our shareholders."

About Empire Petroleum Corporation

Empire Petroleum Corporation is a publicly traded, Tulsa-based oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico. Management is focused on targeted production growth and acquisitions of proved developed assets with synergies with its existing portfolio of wells. Empire looks for assets where its operational team can deploy rigorous field/well management techniques to increase production, reduce unit operating costs and improve margins.

FORWARD LOOKING STATEMENTS

This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of the federal securities laws. All statements, other than statements of historical facts that address activities, events or developments that Empire 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. Actual results may vary materially from the forward-looking statements. For a list of certain material risks relating to Empire, see Empire’s Form 10-K for the fiscal year ended December 31, 2020.

Tommy Pritchard, CEO
Mike Morrisett, President
539-444-8002

PCG Advisory, Inc.
Jeff Ramson, CEO
646-863-6893
This email address is being protected from spambots. You need JavaScript enabled to view it.

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

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

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

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

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

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

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

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

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

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

Media:
EnTrust Global
Hiltzik Strategies
Meghan Kilkenny
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (212) 792-9338

HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the third quarter 2021 and post an updated corporate presentation after market close on Wednesday, November 3, 2021. SilverBow will host a conference call to discuss its results on Thursday, November 4, 2021 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).

ABOUT SILVERBOW RESOURCES, INC.

SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.

Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW

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

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

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

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

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

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

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

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

About EverGen Infrastructure Corp.

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

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

Forward-Looking Information

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

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

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

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

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

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

EverGen Investor Contact
Kelly Castledine
416-576-8158
This email address is being protected from spambots. You need JavaScript enabled to view it.

EverGen Media Contact
Katie Reiach
604.614.5283
This email address is being protected from spambots. You need JavaScript enabled to view it.

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Today, Adam Comora and Jonathan Maurer, the co-CEOs of OPAL Fuels LLC, sent a letter to President Biden urging the Biden Administration to make use of renewable natural gas (RNG) for heavy-duty truck fleets in its efforts to combat the climate crisis. Through burning of diesel fuel, the heavy-duty trucking industry is one of the most significant contributors to harmful greenhouse gas emissions.

OPAL Fuels is a leader in the production and distribution of RNG for the heavy-duty truck market.

Comora and Maurer state that RNG prevents methane – which, according to the Intergovernmental Panel on Climate Change, is over 80 times as potent as carbon dioxide in heating the planet – from escaping into the atmosphere. They go on to state that RNG is the “right now” solution to the “right now” problem that is climate change.

Comora and Maurer are available for interviews regarding the letter, the full text of which is below:

The Honorable Joseph R. Biden, Jr.
President of the United States
The White House
1600 Pennsylvania Ave NW
Washington, D.C. 20500

Dear President Biden,

As people who spend our careers trying to find practical and economical solutions for combatting climate change, we cannot thank you enough for making the climate crisis an urgent national priority. As this summer has shown us – with its record-breaking heat, aggressive wildfires, rampant flooding, and early hurricanes – climate change is no longer a “future” problem. It is a right-now problem. Halting the worst effects of climate change will require immediate, vigorous action.

We write today to recommend your administration bolster its support of cost-effective, immediately available solutions that fight against climate change, namely encouraging the more rapid adoption of renewable biofuels, also known as Renewable Natural Gas (RNG). With the right regulatory framework and incentives in place, the renewable biofuels industry could rapidly invest in new supply that can dramatically reduce the greenhouse gas emissions of the heavy-duty trucking, dairy, and landfill industries. Further, that same supply can be used to produce hydrogen as hydrogen fuel technology develops.

RNG is one of the most environmentally friendly energy sources available. By capturing and converting naturally occurring harmful methane emissions – which is over 80 times as potent as carbon dioxide in heating the planet – from dairies and landfills into compressed renewable natural gas for vehicles, individual large-scale RNG projects can prevent 29,000 metric tons of CO2-equivalent from escaping into the atmosphere each year. As the UN’s Global Methane Assessment from May 2021 said, cutting methane emissions is “the strongest lever we have to slow climate change over the next 25 years.” Supporting RNG is among the most effective and economical initiatives your administration could take to combat the climate crisis.

Best of all, RNG proves there does not have to be a tradeoff between making the right environmental choice and the right economic choice; RNG costs half of what diesel does per gallon equivalent for heavy-duty fleets and can be transported on existing natural gas infrastructure. For dairies, RNG production takes what has been a major cost, namely manure removal, and turns it into a revenue stream that could be worth millions of dollars over the life of a project, transforming a marginal dairy into a profitable one. This is an economic win for dairies and fleets using the fuel, all while creating significant jobs from the investment and operations of the new facilities. As RNG is a domestic fuel source, it is also a benefit to our national security.

We understand everyone’s desire to ultimately move to ZEV and Hydrogen Fuel Cell Technology – we support and share those desires. Unfortunately, technology for the trucks, distribution systems (whether they be hydrogen pipelines or our electric grids) and just as importantly clean, renewable electricity generation is not currently available today. Supporting and investing in RNG will not slow that development down, rather it will make sure we have a continuing growing supply of RNG in the future to support either hydrogen production or again be used to generate renewable electricity.

The RNG market’s issue – and where your administration could have an immediate, tangible impact – is continuing to encourage and support new supply to expand the market. There are actions your administration could take to help the industry build more conversion facilities, including:

• Encourage the Environmental Protection Agency (EPA) to establish higher renewable volume obligation (RVO) standards for cellulosic biofuels. This will create greater demand for renewables like RNG, making more RNG processing facilities economically feasible and providing a framework to encourage more supply.
• Encourage the creation of a long-term biofuels tax credit. A long-term tax credit, unlike the current year-to-year version of the Alternative Fuels Tax Credit (AFTC), will allow heavy-duty trucking fleets to factor years of RNG-driven savings into their calculations. These calculations will, in-turn, show fleet managers that replacing their diesel fuel trucks with trucks that run on RNG makes economic sense.
• Install Congressional oversight and greater clarity of the Renewable Fuel Standard Program after 2023. Congressional oversight of the program would provide long-term certainty and allow companies to make long-term investments in renewable fuels. Our industry cannot be certain that whoever sits in the Oval Office will be the climate advocate you have proven to be; we can, however, be certain that Congressional mandates have staying power.
• Work with Congress to extend the 30% renewable fuel tax credit, now only available to wind and solar energy projects, to RNG projects. Tax credits of this magnitude would make projects at far smaller dairies and landfills economically viable, thus empowering the capture of far more harmful methane.
• Encourage the EPA to establish new pathways in the Renewable Fuel Standard for cellulosic biofuels to qualify for the program if the biofuels are used to power hydrogen fuel cell or battery powered vehicles. Currently there are no pathways for biofuels to qualify in the program if the RNG is used to produce low carbon intensity hydrogen or renewable electricity and then used to power vehicles.

As it stands, the RNG industry is ready to build 200 facilities a year. With the above incentives and structures in place, your administration would see a dramatic acceleration in the creation of RNG facilities, in turn creating economic growth, jobs, and, most importantly, substantial emissions savings.

Thank you for ensuring that fighting climate change is a national priority. We have come to believe that, while long-term commitments and bold promises are useful, climate change is a “right now” problem. We need to implement “right now” solutions to stem the tide while we wait for all those long-term answers to yield results.

RNG is a “right now” solution. We must move forward as soon as possible. Your leadership will be essential. We thank you and your entire administration once more for its emphasis on mitigating the climate crisis we encourage you to align public policy with your administration’s vision, and we stand eager to do our part.

Sincerely,

Adam Comora, OPAL Fuels, Co-CEO

Jon Maurer, OPAL Fuels, Co-CEO

About OPAL Fuels LLC
OPAL Fuels LLC, a Fortistar portfolio company, brings together Fortistar Methane Group, Fortistar RNG, and TruStar Energy to create a vertically integrated renewable fuels platform. The company is an emerging leader in the production and distribution of renewable natural gas (RNG) for the Class 8 truck market. It is a proven low carbon fuel with a track record of results that has the power to rapidly decarbonize the transportation industry now. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable, low-cost alternative to diesel fuel. OPAL Fuels also manages all RNG fueling station development and construction. As a producer and distributor of carbon-reducing fuel for heavy-duty truck fleets for over 15 years, the company delivers best-in-class, complete renewable solutions to customers and production partners. To learn more about OPAL Fuels and how it is leading the effort to capture North America's harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.

Media
Jason Stewart
This email address is being protected from spambots. You need JavaScript enabled to view it.
203-739-5595

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

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

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

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

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

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

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

TAKING A LEADERSHIP ROLE

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

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

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

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

BUILDING SUPPORT

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

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

About Cummins Inc.

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

Jon Mills, Cummins Inc.
317-658-4540
This email address is being protected from spambots. You need JavaScript enabled to view it.

• Annual carbon captured to increase approximately 1 million metric tons
• Bids requested for engineering, procurement and construction to expand carbon capture
• Estimated $400 million investment advances commitment to CO₂ emission reduction

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today initiated the process for engineering, procurement and construction contracts as part of its plans to expand carbon capture and storage (CCS) at its LaBarge, Wyoming facility, which has already captured more CO₂ than any other facility in the world. The expansion project will capture up to 1 million metric tons of CO₂, in addition to the 6-7 million metric tons already captured at LaBarge each year.

“The expansion of our carbon capture and storage operations at LaBarge underscores our commitment to advancing CCS projects around the world,” said Joe Blommaert, president of ExxonMobil Low Carbon Solutions. “This technology is critical to help meet society’s lower-emissions goals, and with the right policies in place, is immediately deployable. ExxonMobil has long supported policies that provide a predictable price on carbon emissions, which enable new or expanded carbon capture and storage investments.”

The LaBarge expansion project is in the design and permitting phase and a request for bids for engineering, procurement and construction contracts has been issued to third parties. A final investment decision is expected in 2022 and will be based on several factors, including regulatory approvals. Operations could start as early as 2025.

The proposed $400 million investment is the latest in multiple expansions of carbon capture at LaBarge. The location currently represents nearly 20% of all CO₂ captured in the world each year. The expansion will further mitigate emissions by capturing up to an additional 1 million metric tons of CO₂ each year.

ExxonMobil Low Carbon Solutions is evaluating several other large-scale carbon capture and storage projects in the US Gulf Coast, Europe and Asia. The company has an equity share in approximately one-fifth of global CO₂ capture capacity and has captured approximately 40% of all the captured anthropogenic CO₂ in the world.

In addition to producing natural gas, LaBarge is one of the world’s largest sources of helium and produces approximately 20% of global supply. Helium is a critical component in many fields, including scientific research, magnetic resonance imaging, high-tech manufacturing (semi-conductors), space exploration, and national defense.

ExxonMobil continues to advocate for an explicit price on carbon to incentivize further public and private investments such as the LaBarge expansion, in the highest emitting sectors vital to society’s growing needs.

ExxonMobil established its Low Carbon Solutions business to commercialize low-emission technologies. It is initially focusing its carbon capture and storage efforts on point source emissions, the process of capturing CO₂ from industrial activity that would otherwise be released into the atmosphere, and injecting it into deep underground geologic formations for safe, secure and permanent storage. The business is also evaluating strategic investments in biofuels and hydrogen to bring those lower-emissions energy technologies to scale for the highest emitting sectors of the global economy.

The International Energy Agency projects CCS could mitigate up to 15% of global emissions by 2040, and the U.N. Intergovernmental Panel on Climate Change estimates global decarbonization efforts could be twice as costly without wide-scale deployment of carbon capture and storage.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com, the Energy Factor and Carbon capture and storage | ExxonMobil.

Follow us on Twitter and LinkedIn.

Cautionary Statement: Statements of future events, investment opportunities or conditions in this release are forward-looking statements. Actual future results, including project plans, timing, results, and costs, future reductions in emissions and emissions intensity, carbon capture results and the impact of operational and technology efforts could vary depending on any changes in plans upon final approval of this project; the ability to execute operational objectives on a timely and successful basis; the ability to obtain and timing of required governmental and other third party consents; the development and pace of supportive market conditions and national, regional and local policies relating to carbon capture and emission reductions; changes in laws and regulations including laws and regulations regarding greenhouse gas emissions, carbon costs, and taxes; trade patterns and the development and enforcement of local, national and international mandates and treaties; unforeseen technical or operational difficulties; the outcome of research efforts and future technology developments, including the ability to scale projects and technologies on a commercially competitive basis; changes in supply and demand and other market factors affecting future prices of oil, gas, and petrochemical products; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.

ExxonMobil Media Relations
(972) 940-6007

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

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

Dawn of the Production Era

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

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

Business Performance for the E&P Space

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

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

Supporting the Broader Energy Ecosystem

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

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

Early Investment

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

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

About Zeno Technologies

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

John Snedigar
Faultline Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
408-705-7518

The continued growth and success of Wheeler’s Madison County water flood project demonstrates Wheeler Resource Recovery’s ability to provide non-industry, accredited investors with profitable investment opportunities.

BENBROOK, Texas--(BUSINESS WIRE)--#accreditedinvestors--Wheeler Resource Recovery, a leader in secondary oil recovery in proven oil fields with over 50 years of experience, announced the breaking of ground on its eleventh two well package in its historically successful water flood project in Madison County, Texas.

The imminent drilling of Madison Project well #11 marks 11th of 27 total two well packages in the entire project. As Wheeler Resource Recovery nears the halfway point of this multi-year project, the Benbrook-based company is tracking to exceed daily production projections. Wheeler’s proven success in its unique five-spot water recovery process continuously extracts more oil at a lower cost and lower risk than primary oil recovery, making it a low-risk, high reward way to recognize significant returns. The continued success in Madison County further solidifies Wheeler Resource Recovery’s commitment to providing non-industry, accredited investors the opportunity to invest in the oil industry through unique and profitable investment opportunities.

“The Madison County water flood project is shaping up to become the best field development we’ve conducted in our 50 years as a company,” said Kevin Thibeau, President of Wheeler Resource Recovery. “As economic stability returns and tax season approaches with the year’s end, it is a timely opportunity for investors to revisit whether an oil & gas investment is right for them.”

For more information, visit WheelerResourceRecovery.com.

ABOUT WHEELER RESOURCE RECOVERY

Wheeler Resource Recovery is a leader in secondary oil recovery and is based in Benbrook, Texas. Since 1932, Wheeler has used its five-spot water recovery process to extract oil at a lower cost and lower risk than primarily oil recovery. The principals of Wheeler Resource Recovery, Kevin K. Thibeau and J. P. Bolton, have over 50 years of oil and gas and financial experience between them and continue to operate successful oil recovery projects by partnering with accredited investors throughout the United States.

Keelyn Leonard
This email address is being protected from spambots. You need JavaScript enabled to view it.
682-990-9300

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

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

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

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

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

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

About Howard Energy Partners

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

About GRESB

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

Meggan Morrison
Redbird Communications Group
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

TORONTO--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN) will release its results for the three months ended September 30, 2021 on Wednesday, November 10, 2021 after close of markets.

A conference call to review the results will be webcast live on Thursday, November 11, 2021 at 9:30 a.m. To access the webcast click here.

Rohit Bhardwaj
Chief Financial Officer
Tel: (416) 496-4177

Ryan Paull
Business Development Manager
Tel: (973) 515-1831

SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it will conduct a conference call on Wednesday, November 3 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal second quarter ended September 30, 2021. The financial results will be issued in a press release prior to the call.

Iteris president and CEO Joe Bergera, and CFO Douglas Groves will host the call, followed by a question and answer period.

Date: Wednesday, November 3, 2021
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-free dial-in number: +1 800-437-2398
International dial-in number: +1 323-289-6576
Conference ID: 1077260

If joining by phone, please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MKR Investor Relations at 1-213-277-5550.

To listen to the live webcast or view the press release, please visit the investor relations section of the Iteris website at www.iteris.com.

During the question and answer period, management will take questions live from covering sell-side analysts, as well as answer select questions submitted to the company in advance of the call. If you would like to submit a question in advance, please do so before 5 p.m. Eastern time (2 p.m. Pacific time) on November 2, 2021 by emailing Iteris investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through November 10, 2021. To access the replay dial information, please click here.

About Iteris, Inc.

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

Iteris Contact
Douglas Groves
Senior Vice President and Chief Financial Officer
Tel: (949) 270-9643
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Off-grid energy distributor improves efficiency, sustainability and lowers costs with real-time asset monitoring

AMSTERDAM & PARIS--(BUSINESS WIRE)--#0Gnetwork--SHV Energy and Sigfox are rolling out a global LPG tank level monitoring solution. The implementation has started in France, Belgium and Germany and is already generating lower carbon emissions and improved customer satisfaction. Over the next three years, 50,000 units will be rolled out worldwide. Sigfox’s IoT (Internet of Things) asset monitoring capability enables SHV Energy to reduce the cost of tank level monitoring, while increasing efficiency and productivity.

SHV Energy, a leading global distributor of off-grid energy such as LPG, LNG, biofuels and renewables, with 30 million customers in 25 countries and 16,700 employees, selected to work with Sigfox, a world’s leading IoT communication service provider and 0G network pioneer.

SHV Energy set-up a Telemetry Centre of Excellence and used Sigfox’ solutions and partner Aton SB S.p.A to deliver a homogeneous, global solution for tank level monitoring that provides sophisticated data analytics, and connected smart devices for daily tank level readings. SHV Energy can now optimize delivery routes and schedules, and has improved sustainability by reducing the firm’s carbon footprint.

Additionally, the Sigfox-based solution is considerably more cost-effective than cellular alternatives. Savings stem from low-cost components, no SIM cards, and modest connectivity costs.

“Data collection is critical to the success of our business. Our efforts to streamline this process have been boosted tremendously through the Sigfox solution. We are now able to gather information at an extremely low-cost point, and this enables the wider scale rollout of a homogeneous tank monitoring system across the globe. Sigfox has exceeded our expectations. Its network and technology partners will help to meet our strategic objectives of harnessing the power of telemetry to the fullest,” explains Simon Gilchrist, Global Programme Lead, SHV Energy.

“The global Sigfox 0G network has delivered once again when it comes to providing connectivity solutions that offer a direct environmental benefit. Across multiple territories, and with the support of our Sigfox Operators, our solution for SHV Energy is helping to lower CO2 emissions as remote tank level monitoring ultimately reduces the number of overall site visits and eliminates unnecessary visits,” adds Ian Terblanche, Senior Vice President of Global Sales at Sigfox.

******

About SHV Energy

SHV Energy is a leading global distributor of off-grid energy such as LPG and LNG and is active in the area of sustainable fuels and renewable energy solutions.

SHV Energy is a wholly owned subsidiary of SHV, a family-owned multinational, and consists of a group of specialised energy companies. Our brands include Calor, Ipragaz, Liquigas, Primagaz and Supergasbras a.o. With these companies, we provide decentralised, low-carbon and clean energy solutions to 30 million business and residential customers off the energy grid.

About Sigfox

Sigfox is a world’s leading IoT (Internet of Things) communication service provider and 0G network pioneer. Sigfox offers a unique combination of ultra-low cost and ultra-low power solutions enabled by a single global network, owned and operated by 75 Sigfox Operators, enabling businesses to gain visibility and track their assets worldwide. With more than 19 million connected devices and 75 million messages sent a day, Sigfox helps its customers to extract data at the lowest cost of production and accelerate their digital transformation in key areas such as asset tracking and monitoring.

ISO 9001 certified and supported by a strong partner ecosystem, Sigfox was founded in 2010 and is headquartered in Labège, France, with offices in Boston, Dallas, Dubai, Madrid, Paris, Sao Paulo, Singapore, and Tokyo.

About Aton

https://www.aton.com/en/

Press Contact
Sigfox
Antoine Mège, Corporate Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.

DENVER, Pa.--(BUSINESS WIRE)--#RNG--UGI Utilities has received regulatory approval from the Pennsylvania Public Utility Commission (“PA PUC”) to purchase renewable natural gas as part of a five-year pilot program. The pilot, the first of its kind in Pennsylvania, is intended to explore how UGI Utilities can integrate renewable natural gas (RNG) into its supply portfolio to produce economic and environmental benefits for its Purchased Gas Cost (PGC) customers. The pilot allows UGI Utilities to test adding RNG to its supply portfolio while leveraging certain available economic incentives for renewables to lessen the cost impact of purchasing RNG for customers. UGI Utilities, a subsidiary of UGI Corporation (NYSE: UGI), is the second largest regulated gas utility in Pennsylvania.

The PA PUC Commissioners voted unanimously to approve the pilot program, with all three commissioners issuing statements in support of the program. In a joint statement, Commissioners Ralph V. Yanora and John F. Coleman, Jr. commended UGI Utilities for the pilot program, stating that it “represents an innovative economic model that balances environmental, customer, and gas supply requirements consistent with the Commonwealth’s least-cost gas supply requirements.”

“The approval of this pilot program is a significant step forward as we continue to develop sustainable, environmentally responsible energy solutions for our customers,” said Robert F. Beard, Executive Vice President - Natural Gas, Global Engineering & Construction and Procurement. “UGI remains committed to developing renewable energy sources for the communities we serve.”

Earlier this year, UGI Utilities signed an interconnect agreement with Archaea Energy to accept delivery of RNG into its high-pressure natural gas pipeline that serves its distribution system. When fully operational, the system will be designed to take up to 16,000 mcf (thousand cubic feet) per day of RNG supply, making this the largest RNG supply point in the United States to-date.

RNG is a low or negative carbon energy solution that is derived from organic waste including farm, municipal, landfill and industrial waste. It is a sustainable and reliable energy source that is highly compatible with existing infrastructure when blended with natural gas. RNG can also be used directly in a manner consistent with natural gas for residential, commercial, industrial and transportation.

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States and California and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

About UGI Utilities

UGI Utilities is a natural gas and electric utility with headquarters in Denver, Pennsylvania. UGI serves more than 740,000 customers in 45 Pennsylvania counties and one county in Maryland. Customers and community members are invited to visit the UGI website at www.ugi.com; our Facebook page at www.facebook.com/ugiutilities; or follow us on Twitter at www.twitter.com/ugi_utilities.

Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498

WATERTOWN, Mass.--(BUSINESS WIRE)--Via Separations, a rapidly-scaling technology company that enables industrial decarbonization, announced a $38 million investment, led by NGP ETP, a growth equity investor focused on opportunities in the global transition toward a lower carbon economy. 2040 Foundation also participated in the round, alongside existing investors, including: The Engine, Safar Partners, Prime Impact Fund, Embark Ventures and Massachusetts Clean Energy Center. The new capital will be used to drive deployment in the pulp and paper sector and accelerate platform expansion to reduce energy usage throughout chemical production.

Via has begun deploying its platform to slash energy use and propel enhanced production in the pulp and paper sector with its sights set on broadly applicable industrial manufacturing. The company is electrifying industrial processes by replacing inefficient thermal separations with filtration-based systems. Via is targeting the nearly $100 billion in wasted fossil fuel energy used to separate chemicals, pulp, and petrochemicals. Via has partnered with leaders in the pulp and paper industry to deploy its technology, including Graphic Packaging International and Ahlstrom Munksjo.

“Via Separations’ technology is well-suited to decarbonizing industrial sectors and has found a compelling beachhead market in the pulp and paper sector. Leveraging core innovation in membrane materials, Via has successfully demonstrated their innovative solution with multiple mill owners. We’re excited to partner with the team to support their next phase of growth,” said NGP Partner, David Colt.

“Decarbonizing the production of goods and materials is fundamental to a carbon-free future. Our mission is critical and time sensitive – Via will be slashing CO2 emissions in the next year,” said Shreya Dave, CEO of Via Separations. “By reducing the energy use of the building blocks of production, we generate value for our customers. With the support of our investors, we are positioned to scale this world-changing technology.”

About Via Separations:
Based in Watertown, MA & spun out of the Massachusetts Institute of Technology, Via Separations eliminates energy use in industrial processes, enabling pathways for a more sustainable, resource efficient future. With its core filtration technology, Via has applications across industrial manufacturing. Via is a venture-backed company with investors such as The Engine, Safar Partners, Prime Impact Fund, and MassCEC, along with federal and state support such as the National Science Foundation. More information is available on its website at https://viaseparations.com/.

About NGP ETP:
NGP ETP focuses on investments that are part of the global transition toward a lower carbon economy. NGP ETP partners with top tier management teams and invests growth equity in companies that drive or enable the growth of renewable energy, the electrification of our economy or the efficient use of energy. Founded in 2005, NGP ETP is one of the most experienced energy transition investors in the industry. For additional information, visit www.ngpenergycapital.com/energy-transition.

Shelby Breger, Head of Finance & Operations
This email address is being protected from spambots. You need JavaScript enabled to view it.