Page 17 - NorthAmOil Week 47 2020

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UPSTREAM lock-up of capital is necessary to ensure the “Safety is our number one value at S&B,”
ability to navigate market cycles typically said Taylor. “With 2,000 people working on
Bellatorum Resources found in the commodities arena, especially oil site, we took precautions early to ensure the
safety of our team members. Mandates for
and gas. Most partnerships on the market last
launches $100mn Sentinel less than three years. face coverings, staggered lunches and buses,
social distancing, and compliance auditing
BELLATORUM RESOURCES, November 24,
fund 2020 were all important protocol changes that our
team members had to accommodate to keep
Bellatorum Resources, a veteran-owned and each other safe.”
operated firm, has announced the launch of its MIDSTREAM In the last five years, S&B has designed
$100mn Sentinel Energy Investments. Capital and built 13 NGL fractionation plants. With
raised for the Sentinel fund will be used to S&B completes 300,000 bpd the completion of this project S&B has now
purchase oil and gas royalties in the Permian designed and installed more than 2 million
Basin, Eagle Ford shale, Haynesville shale, and NGL fractionation project for BPD of NGL fractionation capacity for its
Barnett shale, all located in the State of Texas clients.
where Bellatorum has a proven track record of Phillips 66 This project added the second and third
success. Sentinel is Bellatorum’s eighth fund. fractionation plants to the original first train
The minimum investment in Sentinel is S&B today announced the successful, on-time built for Phillips 66. All three plants were
$10,000, and up to 2,000 accredited investors completion of two NGL fractionation plants executed contractually lump sum in the
will be allowed to participate. Investors will for Phillips 66. The plants have a combined Phillips 66 Sweeny Hub in Old Ocean, Texas.
receive an 8% preferred annualised return capacity of 300,000 barrels per day (bpd), S&B ENGINEERS AND CONSTRUCTORS,
before Bellatorum is able to start sharing in quadrupling the processing capacity at the November 23, 2020
the profits. After the preferred return is met, Phillips 66 Sweeny Hub.
all profits will then be split at a rate of 80/20 “The successful completion of this project Oneok included in Dow
with 80% going to the investor, and 20% to is due to our team and the partnership we
Bellatorum. A 15-20% IRR, or annualised created with Phillips 66 throughout the Jones Sustainability World
return for investors, is being targeted by entire process,” said David Taylor, COO of
Bellatorum. Investments into Sentinel are S&B Engineers and Constructors. “Planning, and North America indices
being accepted through the week of December designing, and building a large-scale plant,
14. A specialised online deal room for Sentinel such as this, takes a significant amount of time Oneok today announced its inclusion in
has been created to provide a seamless and effort. Phillips 66 trusted our processes, the Dow Jones Sustainability World Index
investment process. procedures and workflows, which created an (DJSI World) and Dow Jones Sustainability
Capital invested in Sentinel may be environment that allowed us all to succeed.” North America Index (DJSI North America).
locked in for five years with two, one-year The on-time mechanical completion of Additionally, Oneok was named the DJSI
discretional extensions. However, it is possible this project has increased significance because Industry Leader for Oil and Gas Storage and
that an exit could happen much earlier, as has peak construction occurred at a time when Transportation.
been the case in previous funds managed by COVID-19 cases were rising in the United This marks Oneok’s first inclusion in
Bellatorum. The strategy behind the five-year States. the DJSI World Index, where it is currently
the only North American energy company
included in the group of global sustainability
leaders. The company was also included in
the DJSI North America Index for the second
consecutive year.
“The recognition of Oneok’s long history
of sustainability performance and first
time inclusion in the DJSI World Index
are the result of our employees’ hard work
and dedication to operating safely and
responsibly,” said Terry K. Spencer, Oneok
president and chief executive officer. “Making
ESG a priority throughout our operations has
long been an important strategy for Oneok.
While we are proud of the progress we’ve
made and these recognitions from DJSI, our
focus remains on continuing to improve our
ESG performance.”
Founded in 1999, the DJSI was the
first global sustainability benchmark and
tracks the stock performance of the world’s
leading companies in terms of economic,
environmental and social criteria. The DJSI
World Index tracks the performance of the

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