Page 12 - NorthAmOil Week 35 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

Monaco, President & Chief Executive Officer will be critical in managing EPIC’s financial ENERGY TRANSITION
of Enbridge. planning and reporting, budgeting and risk
ENBRIDGE, September 01, 2021 management to better position us for future ExxonMobil Introduces
growth strategies around our best in class
Tellurian withdraws long haul assets for transporting crude oil and EMRD™, a renewable diesel
natural gas liquids out of the Permian and
senior note offering and Eagle Ford Basins to the premier Texas Gulf process technology to
Coast and global market destinations.”
announces exercise of all aspects of corporate strategy, business enable high yields from bio-
Mr. Garberding’s career has spanned across
common stock over- development and finance and accounting in feedstocks
various energy companies. Prior to joining
allotment option EPIC, Mr. Garberding’s served as the Co- ExxonMobil Catalysts and Licensing has
introduced ExxonMobil Renewable Diesel
Founder and Co-CEO of AABA Energy, a
Tellurian announced today that it will not midstream start-up, and President and Chief process technology (EMRD) to help meet
proceed with its underwritten public offering Executive Officer of Enlink Midstream. Prior the evolving needs for mobility, while
of $50mn aggregate principal amount of to his role as Enlink’s CEO, Mr. Garberding utilising renewable feedstock. This new
8.25% senior notes due 2028 which was served as Enlink’s Executive Vice President process technology converts feedstocks
successfully priced last Thursday night, and Chief Financial Officer. He held several including, but not limited to, vegetable oils,
August 26, 2021. Nasdaq informed Tellurian positions with Enlink’s predecessor, Crosstex unconverted cooking oil and animal fats, into
on Friday that it would not list the bonds due Energy, including Senior Vice President of renewable diesel; Meets advanced cold-flow
to a procedural interpretation. Business Development and Finance. Prior specifications, while enabling high yields
Tellurian executive chairman Charif Souki to joining Crosstex in 2008, Mr. Garberding through use of the BIDW™ dewaxing catalyst
said: “Clearly the massive retail investment was Assistant Treasurer at TXU Corp. Mr. technology; Offers superior performance
market has been disruptive to the old rules Garberding also worked as a finance manager through a two-stage process versus a one-
guiding institutional investing, first in for Enron North America and began his stage process.
equities and now in bonds. Of course, we career with Arthur Andersen as an auditor. The EMRD process is a two-stage process
are disappointed with Nasdaq’s decision Mr. Garberding graduated from Texas in which hydrotreating and dewaxing
and wish it would have advised us earlier in A&M University with a Bachelor of Business are controlled separately. Compared to a
the process. The good news is that Tellurian Administration in accounting and holds a single-stage process, this approach provides
has plenty of liquidity, we achieved a BBB+ Master of Business Administration from the higher diesel yields and superior control.
investment grade rating, and we established a University of Michigan. Additionally, the EMRD process provides the
viable market for our debt securities. Tellurian EPIC MIDSTREAM HOLDINGS, September 02, potential to produce jet fuel as a secondary
appreciates the continued support from 2021 product with added fractionation.
its sophisticated and well-informed retail The EMRD process is an integrated
investors, and we hope to have another debt solution that leverages ExxonMobil’s Bio-
offering in the future.”
Tellurian also announced that the
underwriters of its recent public offering
of its common stock exercised their option
to purchase an additional 5,250,000 shares,
bringing the total shares purchased to
40,250,000. The total additional gross
proceeds (before underwriters’ compensation
and estimated expenses) from the exercise of
the option are approximately $15.75mn.
TELLURIAN, August 31, 2021
EPIC Midstream Holdings

announces new executive
leadership

EPIC Midstream Holdings today announced
Michael Garberding has joined EPIC as
the Chief Financial Officer effective August
31, 2021. He will report to Brian Freed, the
company’s Chief Executive Officer.
“I am excited to welcome Mike to the
leadership team of EPIC,” said Mr. Freed.
“He brings immense strategic, financial and
industry experience to our company. Mike

P12 www. NEWSBASE .com Week 35 02•September•2021