Page 12 - NorthAmOil Week 49 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

Callon’s commitment to environmental
stewardship, safety and efficiency. We
look forward to delivering best-in-class
performance, GHG emissions reductions and
industry-leading fuel cost savings.”
Jeff Balmer, SVP and chief operating
officer commented: “Callon is committed to
safe, efficient, and sustainable development
of our expansive multi-zone asset base. The
achievements of our E-frac pilot earlier this
year proved that US Well Services is a highly
capable completion partner that can help
required as the world transitions to a net-zero to welcome all of MNOP’s dedicated us advance our sustainability efforts, while
carbon future. The project will introduce low- employees to the PetroCard team, and know delivering the reliability and operational
cost, stable energy to the island and enhance that together, we will continue to provide performance we have come to expect from
its environmental credentials. By moving customers with access to quality fuel and top-tier service vendors. We look forward
to LNG from heavy fuel oil or diesel, there lubricant products and solutions that provide to having them as part of our completion
will be a significant reduction in harmful long-term value. We continually strive to meet programme in 2022.”
emissions: 30% in CO2, 75% NOx, 90% our customers where they are today and to US WELL SERVICES, December 07, 2021
particulates and 99% SOx. take them where they want to go.”
EAGLE LNG PARTNERS, December 09, 2021 “MNOP and the Nelson family would
like to extend a heartfelt thank you to all of MOVES
PetroCard acquires Marc our customers that have supported us over Surge Energy announces
the past 85 years, many whom have been
Nelson Oil Products with us for decades,” said Peter Nelson,
MNOP President. “We’ve sincerely enjoyed
PetroCard, a commercial fuel distributor supporting you and your businesses over CAD130mn term debt
headquartered in Kent, Washington, the years and our employees look forward to financing; new CAD150mn
announced on December 1 that it has continuing to support your fuel and lubricant
acquired the assets of Marc Nelson Oil needs well into the future as part of the first lien credit facility;
Products LLC (MNOP), a family-owned fuel expanded PetroCard team.”
and lubricant distributor based in Salem, PetroCard’s acquisition of MNOP was repayment of CAD42mn
Oregon. finalised on December 1, 2021.
In addition to their Salem operations, PETROCARD, December 07, 2021 BDC term facility; and
Marc Nelson Oil Products operates bulk fuel
locations throughout Oregon, including in provides strategic outlook
Hillsboro, Gresham, Canby and Dallas, in SERVICES
addition to a network of Pacific Pride and to shareholders
CFN commercial “cardlock” fueling stations. US Well Services
MNOP also provides bulk fuel deliveries Surge Energy is pleased to announce that it
with a fleet of local delivery trucks and truck announces new contract has closed a CAD130mn 5-year term debt
and trailer transports. MNOP is a distributor facility and a new normal course CAD150mn
of quality lubricants and operates several with Callon Petroleum first lien credit facility with a revised
facilities including a large warehouse facility syndicate of five lenders. Concurrent with
adjacent to its main office location. US Well Services today announced it has the closing of the term debt facility and first
PetroCard will operate the existing MNOP entered into a contract to provide electric lien credit facility, the company has repaid its
lines of business, fuel locations and offices pressure pumping services for the operating CAD42mn, non-revolving BDC term loan.
under the PetroCard name. Combined, subsidiaries of Callon Petroleum in the SURGE ENERGY, December 09, 2021
PetroCard customers now have access to a Permian Basin and the Eagle Ford Shale for
network approaching 100 cardlock stations up to three years. PHX Minerals announces
throughout Washington and Oregon. “We are excited to support Callon’s long-
“By adding Marc Nelson Oil Products’ term completion programme and build off increase to borrowing
operations to our existing network, we not of our shared success from the field trial
only offer customers greater access and earlier this year where Callon eliminated base and acquisition in the
convenience, but we also strengthen our 270,000 gallons of diesel fuel needs, reduced
position as a leading fuel provider in the greenhouse gas (“GHG”) emissions, and Haynesville
region. PetroCard is well-positioned to delivered over 160 frac stages in a safe and
support the growing mobility needs of our efficient manner,” said Joel Broussard, U.S. PHX Minerals today announced that it has
customers, many of whom are providers Well Services’ President and CEO. “Callon is entered into an amendment to its revolving
of essential goods and services across the a premier E&P operator, and the decision to credit facility under which the borrowing
Northwest,” said Laura Yellig, President contract an all-electric Clean Fleet as part of base of the credit facility has been increased
and CEO of PetroCard Inc. “We are thrilled their completion programme demonstrates from $27.5mn to $32.0mn in connection

P12 www. NEWSBASE .com Week 49 09•December•2021