January 2021, Vol. 248, No. 1

Companies in the News


NuStar Energy announced that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale in November. 

For the second consecutive year, New Jersey Resources has been named one of America’s Most Responsible Companies by Newsweek magazine, in recognition of its “excellence and accomplishments in corporate social responsibility.” Its regulated utility, New Jersey Natural Gas, has been a leader in reducing emissions by “making infrastructure upgrades and investments to build the most environmentally sound delivery system in the state, as measured by leaks per mile.” 

Maverick Natural Resources announced its acquisition of FourPoint Energy, the largest producer in the Western Anadarko Basin in an all-equity deal. FourPoint became a wholly owned subsidiary of Maverick and was renamed Unbridled Resources. FourPoint Energy will be retaining its company name and existing office headquarters in Denver, Colo. Both Maverick and FourPoint are majority-controlled by EIG Global Energy Partners. 

NRG Energy received Federal Energy Regulatory Commission (FERC) approval of the previously announced acquisition of Direct Energy. The acquisition was expected to close in December 2020. 

Brightmark broke ground on the Sobek Renewable Natural Gas (RNG) project, which includes the construction of new anaerobic digesters at two Larson family dairy farms in Okeechobee County, Fla. Upon completion of the project, the digesters are anticipated to generate about 171,000 MMBtu of renewable natural gas each year. The gas will be delivered into the TECO People Gas pipeline system. 

UGI Corporation’s energy services subsidiary has agreed to invest in New Energy One HoldCo, which is part of the team developing a utility-scale RNG project in Idaho. That project, which is being developed by New Energy One affiliate Sevana Bioenergy and Meridiam, is slated to begin RNG production in late 2021. It is expected to produce several hundred million cubic feet of RNG each year from on-site dairy waste feedstock once it is expanded to reach full production in 2022.   

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