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SM ENERGY ANNOUNCES OFFICER RETIREMENT AND NEW APPOINTMENT
SM ENERGY ANNOUNCES OFFICER RETIREMENT AND NEW APPOINTMENT DENVER, Dec. 30, 2022 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced the retirement of Executive Vice President and General Counsel David Copeland. Chief Executive Officer Herb Vogel comments: "David has been with our Company for 12 years and has served as a consummate legal advisor while providing dedicated leadership. We will miss David and wish him well as he is able to spend more time with his wife, children and grandchildren." The retirement of Mr. Copeland from his current position will be effective December 31, 2022 and he will remain with the Company in an advisory role until July 1, 2023. The Company also announces that James Lebeck will take the position of Senior Vice President and General Counsel. Since 2018, Mr. Lebeck has served as Vice President and Chief Legal Officer at Encino Energy. Prior to that, from 2011 until 2018, Mr. Lebeck served in roles of increasing responsibility at SM Energy, ultimately serving as Deputy General Counsel prior to his departure. Mr. Lebeck is expected to start his new role on or before January 30, 2023. Mr. Vogel adds: "Congratulations to James. We know James well and believe he will easily step into this role given about eight years of prior experience at SM Energy. We welcome him and look forward to working together again." ABOUT THE COMPANYSM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com. SM ENERGY INVESTOR CONTACTS Jennifer Martin Samuels, jsamuels@sm-energy.com, 303-864-2507 View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-announces-officer-retirement-and-new-appointment-301711548.html SOURCE SM Energy Company
Helmerich & Payne, Inc. To Participate in Conferences in January 2023
Helmerich & Payne, Inc. To Participate in Conferences in January 2023 TULSA, Okla., Dec. 30 /BusinessWire/ -- Helmerich & Payne, Inc. (NYSE:HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of January 2023. Participation by the management team will vary by event. The Goldman Sachs Global Energy and Clean Technology Conference 2023 on Thursday and Friday, January 5-6, 2023; Mr. Smith will participate in a special forum on behalf of the Company on Wednesday, January 4, 2023 at 4:00 p.m. U.S. ET and Mr. Lindsay will participate in a panel discussion on behalf of the Company on Thursday, January 5, 2023 at 10:20 a.m. U.S. ET. The ATB 11th Annual Institutional Investor Conference on Wednesday, January 11, 2023; Mr. Smith will participate in a panel discussion on behalf of the Company on Wednesday, January 11, 2023 at 8:00 a.m. U.S. ET. Investor slides to be used during the conferences will be available for download on the company's website, within Investors, under Presentations, the afternoon of January 4, 2023. About Helmerich & Payne, Inc. Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com. Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005188/en/ back
Dynagas LNG Partners LP Announces Inaugural Environmental, Social and Governance (ESG) Report
Dynagas LNG Partners LP Announces Inaugural Environmental, Social and Governance (ESG) Report ATHENS, Greece, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: "DLNG") ("Dynagas Partners" or the "Partnership"), an owner and operator of liquefied natural gas ("LNG") carriers is pleased to announce the release of its inaugural 2021 Environmental, Social, and Governance (âESG') Report, highlighting its ESG priorities, goals, and performance. Tony Lauritzen, Chief Executive Officer of Dynagas LNG Partners LP, commented: "Consistent with our commitment to our stakeholders, the publication of our ESG report and initiatives included provides insight into our sustainably driven operations and how we plan to build on that momentum moving forward." To download a copy of the report, please visit the sustainability section of the Company's website: http://www.dynagaspartners.com/?page=comp_sust About Dynagas LNG Partners LP Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership's current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters. Visit the Partnership's website at www.dynagaspartners.com Contact Information: Dynagas LNG Partners LP Attention: Michael Gregos Tel. +30 210 8917960 Email: management@dynagaspartners.com Investor Relations / Financial Media: Nicolas Bornozis Markella Kara Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY 10169Tel. (212) 661-7566 E-mail: dynagas@capitallink.com Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "expected," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership's management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership's control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in the Partnership's view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership's vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Ranger Oil Publishes Inaugural ESG Report
Ranger Oil Publishes Inaugural ESG Report HOUSTON, TX / ACCESSWIRE / December 29, 2022 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today published its inaugural Environmental, Social and Governance ("ESG") Report, which provides key information on the Company's ESG practices and initiatives. The report is available on the "Sustainability" page of the Company's website at www.RangerOil.com."Ranger's Board of Directors and management share a commitment to sustainability and minimizing the environmental impact of our operations while creating long-term value for our shareholders," said Darrin Henke, President and CEO. "From the office to the field, Ranger employees understand our ESG-related priorities and we work to foster an environment of diversity and inclusion where innovative ideas surface and performance is rewarded. Today's report demonstrates our commitment to providing greater transparency and clearly communicating our ESG-related priorities to our shareholders and other stakeholders. In addition, it provides a benchmark to help us track our progress."About Ranger Oil CorporationRanger Oil is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, with operations in the Eagle Ford shale in South Texas. For more information, please visit our website at www.rangeroil.com.Forward-Looking StatementsThis release and the Company's ESG Report cross-referenced herein contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect management's expectations or beliefs concerning future events, and it is possible that the results described in this release and the cross-referenced report will not be achieved. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control. The forward-looking statements, other than statements of historical fact, included in this release and the disclosures cross-referenced herein concern the Company's goals and expectations regarding corporate responsibility, sustainability, employees, environmental matters, policy, philanthropy, cybersecurity and business risks and opportunities. These risks, uncertainties and contingencies include, among other things, our ability to achieve plans relating to sustainability or other ESG initiatives. These goals and expectations are subject to the risks and uncertainties described in detail in the Company's periodic reports filed with the U.S. Securities and Exchange Commission, including in its Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent quarterly reports on Form 10-Q. All forward-looking statements speak only as of the date of this release. You should not place undue reliance on these forward-looking statements.ContactInvestor RelationsPhone: (713) 722-6540E-Mail: invest@RangerOil.comSOURCE: Ranger Oil CorporationView source version on accesswire.com: https://www.accesswire.com/733606/Ranger-Oil-Publishes-Inaugural-ESG-Report
Murphy Oil Corporation Schedules Fourth Quarter 2022 Earnings Release and Conference Call
Murphy Oil Corporation Schedules Fourth Quarter 2022 Earnings Release and Conference Call HOUSTON, Dec. 29 /BusinessWire/ -- Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 26, 2023 to discuss fourth quarter 2022 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, January 26, 2023 Time: 9:00 a.m. EST Toll Free Dial-in: 888-886-7786 Conference ID: 99312590 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company's website at www.murphyoilcorp.com. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as "aim", "anticipate", "believe", "drive", "estimate", "expect", "expressed confidence", "forecast", "future", "goal", "guidance", "intend", "may", "objective", "outlook", "plan", "position", "potential", "project", "seek", "should", "strategy", "target", "will" or variations of such words and other similar expressions. These statements, which express management's current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance. In particular, statements, express or implied, concerning the company's future operating results or activities and returns or the company's ability and decisions to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, safety matters or other ESG (environmental/social/governance) matters, or pay and/or increase dividends or make share repurchases and other capital allocation decisions are forward-looking statements. Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see "Risk Factors" in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC's website and from Murphy Oil Corporation's website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20221228005426/en/ back
Calumet Provides 2022 Year End Operational Update
Calumet Provides 2022 Year End Operational Update Renewable Diesel operating successfullySequential commissioning of renewable hydrogen, Sustainable Aviation Fuel ("SAF"), and feedstock pre-treater to occur in 1Q2023 2024 max SAF expansion engineering and procurement has begunCompany-wide operations recovering from arctic freeze; affected plants have restarted or are in startupINDIANAPOLIS, Dec. 29, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P (NASDAQ: CLMT, "Calumet", "Partnership", "we" or "our") today provided a year-end operational update, including a project and business update at Montana Renewables and company-wide impact from the December arctic blast. Montana Renewables and Montana Refining: Separation of Montana Renewables and the Great Falls Specialty Asphalt refinery was completed during the fourth quarter with both businesses operating in their new services. The 12,000 bpd specialty asphalt refinery is presently running at nameplate capacity on Canadian heavy crude. Montana Renewables commissioned its modified hydrocracker in renewable diesel service on November 5, then retrofitted additional winterization capability during the month of November. We generated a full month of on-spec Renewable Diesel production in December and commenced rail shipments late in the month after establishing product inventories. Catalyst performance has been consistent and met the expected performance envelope provided by Haldor Topsoe. The current 6,000 bpd capacity will increase to 12,000 bpd with the sequential commissioning of renewable hydrogen, SAF, and feedstock pre-treater which are expected online in that order in 1Q2023. Preliminary engineering and procurement is beginning for the expected 2024 expansion including an option to maximize SAF yield to 85%. Montana Renewables recently acquired the second reactor needed for its MAX SAF option, and while the company has not made a final installation decision, great interest from the existing Lazard process warranted the opportunistic reactor purchase. This opportunity further cements our first mover position in the rapidly evolving SAF market. "Our strategy to retain a downsized crude oil refinery while carving out Montana Renewables meant a higher degree of difficulty compared to simply converting a closed refinery", said Bruce Fleming, EVP Montana Renewables and Corporate Development. "Delivering an aggressive timeline, navigating two winter construction seasons, minimizing 2022 downtime for turnaround and carveout, building safely on an operating site, and moving quickly through commissioning all demonstrate the high capabilities of the Great Falls workforce. While not without setbacks, we are proud of the journey. Going forward, the full economic contribution of the specialty asphalt refinery will follow normal seasonal patterns, and Montana Renewables will reach steady state earnings after the first quarter commissioning sequence is complete." Specialties Business: Calumet's specialty business has performed exceptionally well in 2022, including throughput and profitability records across the system and at most individual plants. This performance was supported by exceptional execution of key turnarounds in Shreveport and Princeton and capital investments targeting reliability and deeper integration between assets, widening a key competitive advantage of this business. Last week, Calumet's production was impacted with nearly all units being either circulated or shutdown during the extreme weather event. The Shreveport plant was hampered by a city-wide water crisis resulting in a lack of water systems necessary to restart the plant. Since then, city water has been restored, and we are currently in startup. All other plants are back up in production. Demand in the specialty business continues to be healthy considering routine seasonal volume patterns. We see typical soft winter asphalt margins and continue to experience strong specialty product margins as we enter 2023. "I'm extremely proud of our operating teams across the Calumet system," said Todd Borgmann, CEO. "The recent arctic weather has challenged the industry, and Calumet is no different. While most families across our country were able to enjoy time off over the past couple weeks, many Calumet employees spent their holiday at our plants in extreme conditions ensuring that our business could be restored safely and quickly in order to meet customer needs with minimal disruption. I am continually grateful and impressed by the resolve of Calumet's employees." About the Partnership Calumet manufactures, formulates, and markets a diversified slate of specialty products to customers in a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America. Cautionary Statement Regarding Forward-Looking Statements Certain statements and information in this press release may constitute "forward-looking statements." The words "expect," "continue," "should," or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. For additional information regarding factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission ("SEC"), including the risk factors and other cautionary statements in our latest Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. View original content:https://www.prnewswire.com/news-releases/calumet-provides-2022-year-end-operational-update-301711006.html SOURCE Calumet Specialty Products Partners, L.P.
Oceaneering to Participate at the 2023 Goldman Sachs Global Energy and Clean Technology Conference
Oceaneering to Participate at the 2023 Goldman Sachs Global Energy and Clean Technology Conference HOUSTON, Dec. 29 /BusinessWire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Vice President, Corporate Development and Investor Relations, Mark Peterson, will meet with institutional investors at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, 2023. The latest Investor Relations presentation is available on the Investor Relations page of Oceaneering's website at www.oceaneering.com. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. For more information on Oceaneering, please visit www.oceaneering.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20221229005002/en/ back
Forum Energy Technologies Announces Mandatory Conversion of 9.00% Convertible Senior Secured Notes
Forum Energy Technologies Announces Mandatory Conversion of 9.00% Convertible Senior Secured Notes Approximately $123 million, or 48%, of 9.00% Convertible Senior Secured Notes due August 2025 to convert into approximately 4.5 million shares of FET common stockOver $11 million reduction in annualized interest payments HOUSTON, Dec. 29 /BusinessWire/ -- Forum Energy Technologies, Inc. (NYSE:FET) today announced the satisfaction of the mandatory conversion requirements under its 9.00% Convertible Senior Secured Notes due August 2025 (the "2025 Notes"). In connection with the conversion, $122.8 million or 47.8% of the 2025 Notes will convert into approximately 4.5 million shares of FET common stock on January 3, 2023, with a settlement date of January 5, 2023. The remaining approximately $134.2 million in aggregate principal of the 2025 Notes are not subject to any optional or further mandatory conversion provisions. FET's annualized interest payments will decline by over $11 million following the conversion. As adjusted for the conversion and the recently announced sale leaseback, FET's net debt would have been approximately $93 million as of September 30, 2022, or 2.0 times trailing twelve months Adjusted EBITDA. Availability under FET's ABL credit facility would remain $127 million as of that date. See Table 1 for Adjusted EBITDA to Net Income reconciliation. Neal Lux, President and Chief Executive Officer, remarked, "First, I would like to welcome our newest shareholders to the FET family. In addition, I want to thank FET's employees for their hard work and dedication to achieve this important milestone. "From the third quarter 2020 to the third quarter 2022, and including our recently announced sale-leaseback transaction, we have reduced our net debt by approximately $215 million. As we look ahead, we will continue to execute our strategy of delivering technology that makes energy production more efficient, safer and cleaner. The strong macro environment and our ability to capture market share position us to increase revenue and profit margins. Importantly, the reduction in cash interest associated with this debt conversion will bolster our free cash flow generation. The future is brighter than ever for FET." FET is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com. Forward Looking Statements and Other Legal Disclosure This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the company, including any statement about the company's future financial position, liquidity and capital resources, operations, performance, acquisitions, returns, capital expenditure budgets, new product development activities, costs and other guidance included in this press release. These statements are based on certain assumptions made by the company based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Among other things, these include the volatility of oil and natural gas prices, oilfield development activity levels, the availability of raw materials and specialized equipment, the company's ability to deliver backlog in a timely fashion, the availability of skilled and qualified labor, competition in the oil and natural gas industry, governmental regulation and taxation of the oil and natural gas industry, the company's ability to implement new technologies and services, the availability and terms of capital, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting the company's business, impacts associated with COVID-19, and other important factors that could cause actual results to differ materially from those projected as described in the company's filings with the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which such statement is made, and the company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Table 1. View source version on businesswire.com: https://www.businesswire.com/news/home/20221228005384/en/ back
Sitio Royalties and Brigham Minerals Announce Completion of Merger
Sitio Royalties and Brigham Minerals Announce Completion of Merger DENVER, Dec. 29 /BusinessWire/ -- Sitio Royalties Corp. (NYSE:STR) ("Sitio" or the "Company") and Brigham Minerals, Inc. ("Brigham") today announced the successful completion of their merger, combining as Sitio Royalties Corp. The combination brings together two of the largest public companies in the mineral and royalty sector with complementary high-quality assets in the Permian Basin and other oil-focused regions, creating an industry leader with a proven track record of consolidating oil and gas mineral and royalty interests operated by a diverse set of E&P companies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221229005014/en/ About Sitio Royalties Corp. Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 260,000 NRAs through the consummation of over 185 acquisitions to date. More information about Sitio is available at www.sitio.com. Forward-Looking Statements This new release contains statements that may constitute "forward-looking statements" for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "seeks," "possible," "potential," "predict," "project," "prospects," "guidance," "outlook," "should," "would," "will," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Except as otherwise required by applicable law, Sitio disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. These statements include, but are not limited to, statements about the Company's expected benefits of the merger between Sitio and Brigham; future dividends; and future plans, expectations, and objectives for the Company's operations, including statements about strategy, synergies, future operations, financial position, prospects, and plans. Forward-looking statements are not guarantees of performance. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties that could cause our actual results, performance, and financial condition to differ materially from our expectations and predictions. See "Risk Factors" in Sitio and Brigham's joint consent solicitation statement/proxy statement/prospectus filed with the U.S. Securities and Exchange Commission (the "SEC") on November 23, 2022 for a discussion of risk factors related to the merger between Sitio and Brigham. Additional information concerning these and other factors that may impact Brigham's and Sitio's expectations and projections can be found in Brigham's periodic filings with the SEC, including Brigham's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and Sitio's periodic filings with the SEC, including Sitio's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, Part II, Item 1A "Risk Factors" in Sitio's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Brigham's and Sitio's SEC filings are available publicly on the SEC's website at www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20221229005014/en/ back
Liberty Energy Inc. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call
Liberty Energy Inc. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call DENVER, Dec. 28 /BusinessWire/ -- Liberty Energy Inc. (NYSE:LBRT) announced today that it will release its financial results for the fourth quarter and full year ending December 31, 2022 after the market closes on Wednesday, January 25, 2023. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, January 26, 2023. Presenting the Company's results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Energy call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 3034644. The replay will be available until February 2, 2023. About Liberty Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com View source version on businesswire.com: https://www.businesswire.com/news/home/20221228005390/en/ back
World Fuel Services and Neste Sign Supply Agreement for Sustainable Aviation Fuel (SAF)
World Fuel Services and Neste Sign Supply Agreement for Sustainable Aviation Fuel (SAF) NEWS SUMMARY World Fuel Services (World Fuel) and Neste have signed an agreement to expand the supply of Sustainable Aviation Fuel (SAF).This agreement opens up a greater supply of SAF for World Fuel to distribute to customers throughout Europe.Currently, 13 airports are supplied with SAF by World Fuel, which will increase to over 40 with this agreement.In 2023, World Fuel estimates delivering more than 20 times the volume delivered in 2022.HOUSTON, May 22, 2023 /PRNewswire/ -- World Fuel Services (World Fuel) and Neste today announce their recently signed agreement for Sustainable Aviation Fuel (SAF), further strengthening the relationship between these two global companies. This agreement provides World Fuel with greater access to the currently limited supply of SAF available for European commercial, business, and general aviation customers. Increasing the accessibility of renewable fuels like SAF worldwide is a key tenet of World Fuel's mission to enable its customers and partners to decarbonize their operations. The new supply agreement extends the already strong collaboration on SAF, which brings together Neste's well-established production capabilities with World Fuel's global distribution network and large customer base. With greater committed volumes of SAF from Neste under the new agreement, World Fuel has increased the number of European airports they can supply with SAF from 13 to over 40. This collaboration also paves the way for expanding the accessibility of SAF at more than 100 airport locations presently in World Fuel's European network. "Neste is fully committed to supporting the aviation industry to achieve its net zero carbon emissions goal. Working closely with partners like World Fuel Services is crucial as it will help us accelerate the supply and usage of sustainable aviation fuel across World Fuel's extensive global network of airports. We are excited to expand our collaboration with World Fuel as we increase our annual SAF production capability to 1.5 million tons per annum by the end of 2023," said Alexander Kueper, vice president EMEA, from the Renewable Aviation business unit at Neste. With this agreement, World Fuel builds on its existing track record of providing sustainable energy to customers to reduce carbon emissions. Since 2015, World Fuel has delivered nearly 40 million gallons of SAF to business and commercial aviation customers worldwide. The agreement with Neste will significantly impact the availability of SAF in Europe. "We are excited to have created a framework that enables us to more reliably provide our customers across Europe with SAF in a timely and expedient manner," says Duncan Storey, vice president, supply aviation Europe, World Fuel Services. "We are confident this agreement and deeper collaboration with Neste will serve to accelerate our ability to support customers in their decarbonization ambitions across the globe. This initiative is another example of the many actions we have taken to bring renewable fuels and sustainable practices to a wider audience." About World Fuel Services Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. World Fuel Services sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions to its clients at more than 8,000 locations in more than 200 countries and territories through its Marine, Aviation, and World Kinect Energy Services divisions. For more information, visit www.wfscorp.com or www.world-kinect.com. About Neste Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com Please subscribe to Neste's releases at https://www.neste.com/for-media/releases-and-news/subscribe. View original content to download multimedia:https://www.prnewswire.com/news-releases/world-fuel-services-and-neste-sign-supply-agreement-for-sustainable-aviation-fuel-saf-301831350.html SOURCE World Fuel Services
Evolve Announces a 1-for-30 Reverse Split
Evolve Announces a 1-for-30 Reverse Split HOUSTON, May 22, 2023 (GLOBE NEWSWIRE) -- Evolve Transition Infrastructure LP ("Evolve" or the "Partnership") today announced that it intends to implement a 1-for-30 reverse split (the "Reverse Split") on its common units representing limited partner interests in Evolve ("common units"). The Reverse Split will be effective after the market closes on June 13, 2023. Evolve's common units will continue trading on the NYSE American under the ticker symbol SNMP and will begin trading on a split-adjusted basis when the market opens on June 14, 2023. Pursuant to the Reverse Split, common unitholders will receive one common unit for every thirty common units they own at the close of trading on June 13, 2023. No fractional units will be issued in connection with the Reverse Split and unitholders who would otherwise be entitled to receive a fractional unit will instead receive a cash payment (without interest and rounded up to the nearest whole cent) based on the closing price of the common units on June 13, 2023. The Reverse Split is primarily intended to bring the Partnership into compliance with the continued listing standards set forth in Section 1003(f)(v) of the NYSE American Company Guide. The Reverse Split uniformly affects all issued and outstanding common units as well as all units under Evolve's long term incentive plans, warrants and associated reserves. The Partnership anticipates that the Reverse Split will decrease the number of common units outstanding from approximately 254.4 million to 8.5 million. The Partnership's transfer agent, Computershare Trust Company, N.A., will adjust its records to reflect each registered unitholder's post-split position and registered unitholders are not required to take any action in connection with the Reverse Split. Please contact Computershare Trust Company, N.,A. for further information at (800) 564-6253 or by email directed to shareholder@computershare.com. Unitholders owning units via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse Split, subject to such broker's particular processes, and will not be required to take any action in connection with the Reverse Split. A new CUSIP number for the common units will be issued and announced in connection with the Reverse Split. FORWARD-LOOKING STATEMENTSThis press release contains "forward-looking statements," which involve risks and uncertainties. All statements, other than statements of present or historical fact, included in this press release are forward-looking statements. Any statements that refer to Evolve's future strategy, future uses of capital, future operations, plans and objectives of management or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "expect," "plan," "anticipate," "believe," "project" or the negative of such terms or other similar expressions. These forward-looking statements are based on management's current beliefs, expectations and assumptions regarding the future of Evolve's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about Evolve that may cause Evolve's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward looking statements. Therefore, you should not rely on any of these forward-looking statements. Management cautions all readers that the forward-looking statements contained in this press release are not guarantees of future performance, and actual results may differ materially from those anticipated or implied in forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, please read Evolve's filings with the SEC, with particular attention to the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in Evolve's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, all of which are available on Evolve's website at www.evolvetransition.com and on the SEC's website at www.sec.gov. These cautionary statements qualify all forward-looking statements attributable to Evolve or persons acting on Evolve's behalf. Except as otherwise required by applicable law, Evolve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. ABOUT THE PARTNERSHIPEvolve Transition Infrastructure LP is a publicly-traded limited partnership formed in 2005 focused on the acquisition, development and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. Evolve owns natural gas gathering systems, pipelines and processing facilities in South Texas and continues to pursue energy transition infrastructure opportunities. ADDITIONAL INFORMATIONAdditional information about Evolve can be found in our documents on file with the SEC which are available on our website at www.evolvetransition.com and on the SEC's website at www.sec.gov. PARTNERSHIP CONTACTCharles C. WardInterim Chief Executive Officer, Chief Financial Officer and Secretaryir@evolvetransition.com(713) 800-9477
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of PDC Energy, Inc.
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of PDC Energy, Inc. NEW YORK, May 22, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by PDC Energy, Inc. (NASDAQ: PDCE) and its board of directors concerning the proposed acquisition of the company by Chevron Corporation (NYSE: CVX). Stockholders will receive 0.4638 shares of Chevron common stock for each share of PDC Energy stock that they hold. The transaction is valued at approximately $7.6 billion and is expected to close by the end of 2023. If you are a stockholder of PDC Energy, Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/pdce/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at info@rowleylawpllc.com, or by telephone at 914-400-1920 or 844-400-4643 (toll-free). Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com. Attorney Advertising. Prior results do not guarantee a similar outcome. View original content:https://www.prnewswire.com/news-releases/alert-rowley-law-pllc-is-investigating-proposed-acquisition-of-pdc-energy-inc-301831105.html SOURCE Rowley Law PLLC
Dignity, Control and a Cupboard No Longer Bare
Dignity, Control and a Cupboard No Longer Bare NORTHAMPTON, MA / ACCESSWIRE / May 22, 2023 / Enbridge:Thanks to inquiring minds, 34,000 fewer young bellies were impacted by empty cupboards and empty stomachs in 2022.I Can for Kids Foundation (iCAN) was formed in 2015 after a television segment on student hunger over the school summer break sparked an idea in the minds of co-founder Bobbi Turko and her daughter-what if we could do that here?iCAN partners with 25 frontline social service agencies to address food insecurity in Calgary, and provide support to households with children. The organization started as a summer food program to support students who had lost access to lunch programs over the school break-but transformed dramatically amidst the onset of COVID-19 to provide grocery gift cards once a month to families."We evolved from offering the seasonal summer program to a year-round grocery gift card program-and our new approach is here to stay," says Turko, who in addition to her co-founder status is also the executive director of the organization.Paramount to the iCAN programming is data. The organization's study with the University of Calgary analyzed the impact of grocery gift cards on the health and well-being of recipients, and the results reinforced both the advantages and preference for this type of support"We don't do anything just because we think it's a good idea. We are steeped in research and everything we do is backed by evidence," says Turko.A particularly eye-opening finding from the study suggests that up to 70% of food received in hampers ends up discarded. Whether for dietary reasons, freshness or simply preference, providing grocery gift cards versus food provisions puts the control back in the hands of those in need."We're disrupting a tradition 40 years in the making, but it's actually a far more effective and efficient way of supporting people," says Turko. "There are a variety of ways that our grocery gift cards impact families, from relieving financial stress to improving diet quality and reducing food waste."In 2022, Enbridge made a $15,000 Fueling Futures donation to I Can for Kids Foundation as part of our commitment to building vibrant and sustainable communities near our operations. The funding purchased grocery gift cards for families, supporting approximately 750 kids.As pioneers-or at least early adopters-of the grocery gift card as a way of providing more dignified support to families in need, iCAN does not shy away from sharing the information gleaned from the University of Calgary study and other key research surrounding food insecurity in Canada."We feel very responsible with the research to share it as far and wide as we can," says Turko. "At the end of the day, if the participants aren't feeling that they're receiving the best support available, then we have a responsibility as a member of this sector to do better."A host of information and data, including how to support the organization directly, can be found online."We are so fortunate to be able to share our findings with a community to help them realize that there are other opportunities for support and that maybe it's time to change," says Turko."How can we do better?" View additional multimedia and more ESG storytelling from Enbridge on 3blmedia.com.Contact Info:Spokesperson: EnbridgeWebsite: https://www.3blmedia.com/profiles/enbridgeEmail: info@3blmedia.comSOURCE: EnbridgeView source version on accesswire.com: https://www.accesswire.com/756414/Dignity-Control-and-a-Cupboard-No-Longer-Bare
Transaction in Own Shares
Transaction in Own Shares Transaction in Own Shares May 22, 2023 o o o o o o o o o o o o o o o o Shell plc (the `Company') announces that on 22 May 2023 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 4 May 2023. In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 4 May 2023 up to and including 21 July 2023. The on-market limb will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company's general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes ("EU MAR") and EU MAR as "onshored" into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310), from time to time ("UK MAR") and the Commission Delegated Regulation (EU) 2016/1052 (the "EU MAR Delegated Regulation") and the EU MAR Delegated Regulation as "onshored" into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310), from time to time. In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Goldman Sachs International on behalf of the Company as a part of the buy-back programme is detailed below. Enquiries Media International: +44 (0) 207 934 5550 Media Americas: +1 832 337 4335 LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Acquisition or disposal of the issuer's own shares Attachment 20230522_Shell RNS - full version
BitNile Metaverse Debuts Social Gaming on Its Metaverse Platform with the Launch of Online Roulette
BitNile Metaverse Debuts Social Gaming on Its Metaverse Platform with the Launch of Online Roulette LAS VEGAS, May 22, 2023 (GLOBE NEWSWIRE) -- Ault Alliance, Inc. (NYSE American: AULT) ("Ault Alliance"), a diversified holding company, and BitNile Metaverse, Inc. (Nasdaq: BNMV) ("BitNile Metaverse" or the "Company"), the latter of which operates the growing virtual world, BITNILE.COM (the "Platform"), announced the launch of social gaming on the Platform with the first public release of its online roulette feature. Previously available only as a Beta release, the new version of roulette offers users an opportunity to play merely for fun or for real money prizes through a sweepstakes model. Sweepstakes are only open to residents of the United States (other than residents of Idaho and Washington) who are at least eighteen years old or the age of majority in their jurisdiction (whichever occurs later) at the time of entry. Participation is void where prohibited by law. "We are excited for the launch of roulette, the first of several games and in-world features expected to be made available on the Platform in the coming months," said Founder and Executive Chairman of Ault Alliance, Milton "Todd" Ault, III. "Unlike traditional online games, players are not confined to a screen but can explore the site as well as interact with other players. It's the closest you can get to real-life gaming without ever having to leave your chair." BitNile Metaverse, through its wholly owned subsidiary BitNile.com, Inc. ("BNI"), owns and operates the Platform. "BitNile.com has surpassed 1,400,000 engaged users since its launch," said Douglas Gintz, President of BNI. "Our team is working diligently to introduce additional games and other forms of entertainment on the Platform that we expect will appeal to our expanding audience." Launched on March 1, 2023, the Early Release version of the Platform provides a preview of the virtual world and related activities. New features and functionality will be added as they become available, including social gaming, eCommerce, live streaming entertainment, and social networking. Users can access and explore the early-access version of the Platform and receive updates by visiting https://BitNile.com. The Platform uses Google Analytics to track usage and identify users. A user is considered to be "engaged" if one of the following conditions is met: the session lasted longer than ten seconds; it resulted in one or more conversion events; or it resulted in two or more page/screen views. About BitNile Metaverse, Inc. Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of BitNile.com, Inc., including the BITNILE.COM metaverse platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BitNile.com, Inc., BitNile Metaverse also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly; 100% of Zest Labs, Inc. directly; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance's headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and neither Ault Alliance nor BitNile Metaverse undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the acceptance of the Platform by individuals, competition with much larger companies operating metaverses and BitNile Metaverse's ability to raise capital, investors should review risk factors, that could affect either or both of the Ault Alliance's and BitNile Metaverse's respective businesses and financial results which are included in Ault Alliance's and BitNile Metaverse's respective filings with the U.S. Securities and Exchange Commission, including, but not limited to, their respective Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the companies' websites at www.Ault.com and www.bitnile.net, respectively. ContactsBitNile Metaverse Investor Contact:investorrelations@bitnile.net or 1-800-762-7293 Ault Alliance Investor Contact:IR@Ault.com or 1-888-753-2235
Genesis Energy, L.P. to Participate in Investor Conferences
Genesis Energy, L.P. to Participate in Investor Conferences HOUSTON, May 22 /BusinessWire/ -- Genesis Energy, L.P. (NYSE:GEL) announced today that it will host investor meetings at the following conferences: 20th Annual Energy Infrastructure CEO & Investor Conference in West Palm Beach, FL on May 23-24, 2023 2023 RBC Capital Markets Global Energy, Power & Infrastructure Conference in New York City on June 6-7, 2023 2023 BofA Securities Energy Credit Conference in New York City on June 7-8, 2023 The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under "Presentations" under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis' operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico. View source version on businesswire.com: https://www.businesswire.com/news/home/20230522005031/en/ back
Western Midstream Announces Sanctioning of New Cryogenic Plant and Updated 2023 Guidance
Western Midstream Announces Sanctioning of New Cryogenic Plant and Updated 2023 Guidance HOUSTON, May 22 /BusinessWire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced the sanctioning of a new 250 MMcf/d cryogenic processing plant in the North Loving area of our West Texas complex ("North Loving Plant"). The expected in-service date is the end of the fourth quarter of 2024. Concurrent with the sanctioning of the North Loving Plant, and based on the most current production-forecast information from our producer customers, WES updated 2023 guidance as follows: Total capital expenditures(1) are expected to range between $700.0 million and $800.0 million, representing a $125.0 million increase to the midpoint of guidance previously issued with WES's fourth-quarter 2022 earnings results ("Prior Guidance"). Total-year capital expenditures guidance includes capital attributable to a portion of Mentone Train III, a portion of the North Loving Plant, and additional expansion capital needed to support continued commercial success. Free cash flow(2) is expected to range between $1.000 billion and $1.100 billion, representing a $125.0 million decrease to the midpoint of Prior Guidance as a result of revised capital expenditures guidance. WES is maintaining its 2023 Adjusted EBITDA(2) guidance range of $2.050 billion to $2.150 billion, and its full-year 2023 Base Distribution of at least $2.00 per unit(3), which excludes the impact of any potential Enhanced Distribution. "We are pleased to announce the expansion of our West Texas complex with the addition of the North Loving Plant," said Michael Ure, President and Chief Executive Officer. "The recent amendment to Occidental's natural-gas processing agreement to provide up to 300 MMcf/d of additional firm-processing capacity provides greater certainty regarding WES's future profitability and underpins our decision to sanction an additional plant. Including Mentone Train III and the North Loving Plant, we expect our West Texas complex to grow from today's processing capacity of 1.54 Bcf/d to 2.09 Bcf/d by year-end 2024." "Over the past year, our commercial team has generated substantial value for WES by executing multiple, long-term agreements that provide up to 950 MMcf/d of firm processing commitments. While we have already realized some benefit from these agreements, the vast majority of the volumes are expected over the coming years, and the decision to sanction an additional plant greatly enhances our ability to accommodate our producer customers and generate incremental value for our stakeholders," concluded Mr. Ure. ABOUT WESTERN MIDSTREAM Western Midstream Partners, LP ("WES") is a Delaware master limited partnership formed to acquire, own, develop, and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texas, and New Mexico, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, NGLs, and crude oil; and gathering and disposing of produced water for its customers. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain of its contracts. For more information about Western Midstream Partners, LP and Western Midstream Flash Feed updates, please visit www.westernmidstream.com. This news release contains forward-looking statements. WES's management believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this news release. These factors include our ability to meet financial guidance or distribution expectations; our ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20230522005043/en/ back
Equinor ASA: Announcement of dividend per share in NOK for fourth quarter 2022
Equinor ASA: Announcement of dividend per share in NOK for fourth quarter 2022 Equinor (OSE: EQNR, NYSE:EQNR) announced on 8 February 2023 an ordinary dividend per share of USD 0.30 and an extraordinary dividend per share of USD 0.60 for fourth quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 12 May 2023, in total seven business days. Average Norges Bank fixing rate for this period was 10.6392. Total cash dividend for fourth quarter 2022 of USD 0.90 per share is consequently NOK 9.5753 per share. On 25 May 2023, dividend will be paid to shareholders on Oslo Børs (Oslo Stock Exchange) and to holders of American Depositary Receipts ("ADRs") on New York Stock Exchange. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MDWT, FRG, MMP
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MDWT, FRG, MMP NEW YORK, NY / ACCESSWIRE / May 21, 2023 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Midwest Holding Inc. (NASDAQ: MDWT)'s sale to an affiliate of Antarctica Capital for $27.00 per share.If you are a Midwest shareholder, click here to learn more about your rights and options.Franchise Group, Inc. (NASDAQ: FRG)'s sale to members of the senior management team of Franchise Group led by Brian Kahn, the Company's Chief Executive Officer, and a consortium including B. Riley Financial, Inc. and Irradiant Partners, for $30.00 in cash per share.If you are a Franchise Group shareholder, click here to learn more about your rights and options.Magellan Midstream Partners, L.P. (NYSE: MMP)'s sale to ONEOK, Inc. for $25.00 in cash and 0.6670 shares of ONEOK stock per unit.If you are a Magellan shareholder, click here to learn more about your rights and options.Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.Attorney Advertising. Prior results do not guarantee a similar outcome.Contact Information:Halper Sadeh LLCDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060sadeh@halpersadeh.comzhalper@halpersadeh.comhttps://www.halpersadeh.comSOURCE: Halper Sadeh LLPView source version on accesswire.com: https://www.accesswire.com/756242/SHAREHOLDER-INVESTIGATION-Halper-Sadeh-LLC-Investigates-MDWT-FRG-MMP