Pompeo talks importance of US fossil fuels to world in Bismarck visit

Former Secretary of State Mike Pompeo believes it’s essential that other countries know they have a friend in the U.S. when it comes to energy.

The former Trump administration official spoke Thursday at the Williston Basin Petroleum Conference, which drew 2,600 people to Bismarck this week.

Secretary of Energy Jennifer Granholm also addressed the crowd via a prerecorded message, touting the Biden administration’s green infrastructure plans.

Pompeo was critical of the Biden administration’s focus on climate change, saying the Russians and Saudis are “thrilled” by the president’s shift away from fossil fuels, particularly his halting of oil leasing on federal lands.

“They say our administration was soft on Russia,” Pompeo said. “To deny America the capacity to build out its own energy resources is the biggest gift one could give to (Russian President) Vladimir Putin.”

Pompeo served as secretary of state under President Donald Trump from 2018 until January of this year, and he previously oversaw the CIA. Earlier in his career, he worked for an oil equipment manufacturer.

Pompeo told conference attendees about a trip he took as secretary of state last year to Belarus in Eastern Europe.

The country received nearly all its energy supply from Russia and was in a price war with the nation. Pompeo recalled speaking at a press conference there, where he said, “America stands ready to deliver its crude oil and petroleum products into Belarus at any time.”

He hoped his comment would persuade Putin to drop prices and also help America gain market share overseas. Shortly thereafter, United Energy Trading stepped up. The company is a subsidiary of United Energy Corp., which is headquartered in Bismarck.

“A North Dakota company delivered the first American shipment of petroleum products into Belarus, reducing our geopolitical risk and making the opportunity for the Belarusian people to live in a country that was more like the democracy that we know and love here,” Pompeo said. “You all did that. You delivered that.”

Pompeo did not directly answer a question from a reporter about whether he plans to run for president in 2024. Numerous news reports in recent weeks speculate that he’s contemplating a run.

Pompeo said he’s spoken at a number of events recently and is focused on trying to help Republicans regain control of Congress in the 2022 midterm elections.

“We need to stop what the Biden administration is doing as quickly as we can,” he said. “The quickest way we can do that is to win back control of the House and the Senate in November of 2022. What comes after that, Lord only knows.”

North Dakota Petroleum Council President Ron Ness quipped about Pompeo’s potential political future as he took the stage to thank the former secretary of state for his speech.

“On behalf of everyone here and North Dakotans, we want to make sure that we are the first to invite you back here as the 47th president of the United States of America,” he said.

Granholm’s remarks focused largely on Biden’s efforts to transition to cleaner energy.

“If America is going to compete in the 21st century, we have to stake our claim in that market,” she said. “I understand and totally get that many in this industry are nervous about that.”

She acknowledged the transition will not be easy for people working in the oil industry, saying the Biden administration “will do everything in our power to bring every worker along.”

Granholm spoke of several opportunities for jobs in North Dakota: detecting leaks of methane from oil and gas infrastructure, developing geothermal energy and deploying technology to capture carbon emissions and store them underground.

“Today’s petroleum engineers could be suited to become tomorrow’s subsurface carbon managers,” she said.

North Dakota officials are hoping Granholm will visit the state. Gov. Doug Burgum spoke with her via phone Wednesday and indicated that their offices will work to coordinate a trip.

The U.S. Department of Energy is heavily involved in funding carbon capture research, including projects in North Dakota. Supporters of the technology see it as a way to address climate change. Efforts in North Dakota to capture carbon emissions have focused on coal and ethanol plants.

Burgum earlier this week challenged conference attendees to help the state become carbon neutral by the end of the decade. One of the key ways the governor hopes to achieve the goal is through carbon capture, including piping emissions captured from industrial facilities in other states into North Dakota, where they would be injected deep under the surface of the prairie.

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UET Global charters first aframax ship for Belarus

United Energy Trading (UET) is proud to announce the formation of UET Global, LLC.  Headquartered in Lakewood, Colorado.  This group will be focused on international opportunities for crude oil and refined products.  The first aframax shipment of crude oil headed to Belarus departed US waters this week. 

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To our valued customers,

To our valued customers,
 
There is no higher priority to the United Energy Trading Family than the safety and well-being of our customers and employees. With that in mind, we understand the importance of limiting any exposure to the COVID-19 virus.

The Coronavirus (COVID-19) pandemic is causing confusion and uncertainty across the globe. Businesses are attempting to deal with the outbreak by following World Health Organization(WHO) guidance on how to protect workers while continuing to operate normally and service customers.

At United Energy Trading, we have imposed a work-from-home policy to limit the potential spread of infection. While we implement our business continuity processes, I want to assure you that we are operating as normal. You will continue to receive the exemplary levels of service that you come to expect from UET, and we will be leveraging all the technologies at our disposal to engage and support you.

We are always available via email and cell phone of your critical contact representative. 
We will be using video chat and texting capabilities to manage any of your comments or concerns about our delivery of energy services.

We will be monitoring the situation regularly and updating uetllc.com with any new information.
 
It is important that we continue to protect and take care of our customers and employees through these challenging times we are facing today.  United Energy Trading is committed to providing safety while delivering reliable energy to our UET Customer Family.

Please let us know if there is anything we can do to assist you during this time. We appreciate your business and look forward to continuing to serve your energy needs. 

Our commitment to you during this situation remains as strong as ever. Thank you for your business and stay safe. 

PESCO’s other non-Florida retail operations and contracts were sold to United Energy Trading, LLC (UET)

DOVER, Del., Oct. 9, 2019 /PRNewswire/ — Chesapeake Utilities Corporation (Chesapeake Utilities) (NYSE: CPK) today announced that it is exiting the natural gas marketing business through the sale of the majority of the assets of Peninsula Energy Services Company, Inc. (PESCO), the Company’s natural gas marketing subsidiary. To date, the Company has executed three separate transactions to sell PESCO’s assets and contracts:

  • PESCO’s Florida retail operations will be sold to Gas South LLC.
  • PESCO’s other non-Florida retail operations and contracts were sold to United Energy Trading, LLC (UET).
  • PESCO’s Mid-Atlantic wholesale contracts and Chesapeake Utilities’ Delaware division, Maryland division and Sandpiper Energy Asset Management agreements were sold to NJR Energy Services Company (NJRES).

The Company expects to recognize a gain from the sale of the assets in 2019 upon the closing of the transactions. More information will be provided in the Company’s third quarter earnings press release and Form 10-Q report as well as subsequent filings.

“After performing a strategic review of the PESCO business unit, we determined that our efforts should be focused on the strategies that support our core energy delivery businesses. The level of investment in infrastructure required to achieve the scale needed for future growth meant that PESCO would not achieve the target returns we expect,” noted Jeff Householder, President and CEO of Chesapeake Utilities Corporation. “As a result, we made the decision to exit this business, and have done so in a way that reduces future volatility in our earnings, recovers our investment and improves our earnings outlook going forward.”

“Commitment to quality service, access to supply, and service offerings were the driving factors for the selected counterparties. We are working closely with Gas South, UET, and NJRES to ensure each transaction is executed in an efficient manner with minimal impact to the respective customers,” added Bill Hancock, Assistant Vice President of PESCO. “We have one remaining small book of business, our Producer Services portfolio, which we are targeting to sell by the end of the year.”

About Chesapeake Utilities Corporation

Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution and transmission; electricity generation and distribution; propane gas distribution; and other businesses. Information about Chesapeake Utilities Corporation’s businesses is available at www.chpk.com, through the Company’s Investor Relations App and on the Annual Report Microsite at cpkannualreport.com.

About Gas South LLC

Gas South is a leading provider of natural gas in competitive markets throughout the southeastern U.S., serving more than 300,000 residential, business and governmental customers in Georgia, Florida, North Carolina and South Carolina. Gas South is a wholly-owned subsidiary of Cobb EMC, one of the country’s largest electric cooperatives.

About United Energy Trading, LLC

United Energy Trading, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. UET purchases, transports, and/or sells approximately 2 billion cubic feet/day of natural gas on over 80 pipelines, approximately 400,000 barrels/day of crude oil on over 20 pipelines and over 2.5 million gallons per day throughout North America.

About NJR Energy Services Company

NJR Energy Services, a subsidiary of New Jersey Resources (NYSE: NJR), manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.

Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

For more information, contact:

Beth W. Cooper 
Executive Vice President & Chief Financial Officer 
302.734.6799

SOURCE Chesapeake Utilities Corporation

Midstream Midland

United Energy Trading (UET) is proud to announce the establishment of a satellite office in The Permian Basin. Headquartered in Midland Texas, the office will be home to both UET and its affiliate UET Midstream, establishing complementary skill sets of marketing and asset development in this fast growing Basin. The scale of recent E&P operations in the Midland, Central and Delaware Basins has provided the area with better access to funding than ever before, allowing current production to overwhelm existing infrastructure. UET and UET Midstream together possess the experience to secure reliable off-take, achieve optimal markets, and provide gathering, storage, trucking services (including constructing truck stations), and both short and long term take-away solutions to benefit producers. Our primary focus in the Permian Basin will be the same as what has led to our success in other areas of North America: an unwavering commitment to providing value, honesty, open communication, and reliability for our customers. Invite UET Midstream to be on your list of providers so we can add valuable insights as your diligent partner in your critical decision making process.

Kratos Expands to Georgia!

Kratos Gas and Power is proud to announce our expansion into the Georgia natural gas retail market. On September 4, 2012, the Georgia Public Service Commission approved Kratos’ application for a Natural Gas Marketer Certificate of Authority. Kratos is excited to provide Georgia commercial and residential customers the quality service and savings that has made it an industry leader. Kratos’ expansion into Georgia will compliment United Energy Trading’s national presence in retail natural gas business. United Energy Trading has had some of the lowest natural gas prices of any third party energy provider for years. Operating as Blue Spruce Energy Services, United Energy Trading has consistently saved California customers more than 5% on their utility bills verses service provided by the utility. In Ohio, Kratos has consistently ranked as one of the top five third- party energy providers in terms of cost-savings to customers. Our proven track records in Ohio and California point to a bright future for Georgia. We look forward to serving you!

UET continues support of LLS – Light The Night

United Energy Trading employees raised over $39,000 for the Leukemia and Lymphoma Society’s 2015 “Light the Night” walk in Denver, CO. The funds raised from the walk go directly towards treatments that are saving the lives of patients today. LLS is making cures happen by providing patient support services, advocacy for lifesaving treatments and the most promising cancer research anywhere.

The Leukemia & Lymphoma Society (LLS) is the largest voluntary health organization dedicated to funding research, finding cures and ensuring access to treatments for blood cancer patients. UET has been involved in the “Night the Light” walk since 2005, and was the 4th largest fundraiser of all participants in 2015.

Blue Spruce Energy Services is pleased to announce its participation in the Green-e Climate Program

Blue Spruce Energy Services is pleased to announce its participation in the Green-e Climate Program. As part of the “BLUE SPRUCE Green Gas” product, Blue Spruce is able to offer Green-e certified carbon offsets. These offsets reduce the environmental impact of a customer’s natural gas use by ensuring the greenhouse gas emissions associated with the combustion of natural gas at the point of consumption are carbon neutral.

Green-e Climate is an independent certification program for greenhouse gas emissions reductions (carbon offsets) sold in the voluntary market. This program identifies carbon offsets that meet the program’s high environmental and consumer protection standards. For more information on Green-e Climate certification requirements, visit www.green-e.org/climate

The Blue Spruce Energy team is dedicated to offering its customers a vast array of products to meet their energy needs. Whether it is costs savings or the environmentally conscience choice, we are here for you. We are making a difference in a changing world, one customer at a time.

About Blue Spruce Energy Services

Blue Spruce Energy serves California retail natural gas customers under the umbrella of United Energy Trading (UET), LLC, a fully integrated energy services company with offices and operations across North America. Blue Spruce Energy also offers its customers an opportunity to reduce their carbon footprint by purchasing Blue Spruce Green natural gas or by purchasing Green-e Energy certified Renewable Energy Certificates. A tree is planted in California for every new Blue Spruce Green natural gas customer. Blue Spruce is dedicated to offering money-saving and reliable natural gas to our customers across California.

Contact: Mike Huggins , Managing Director, Blue Spruce Energy Services, 303-991-0983