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ECO-ENERGY NEWSROOM

Ethanol Marketing & Logistics • Natural Gas • Midstream Solutions • Global Trading

ECO-ENERGY NEWSROOM

Ethanol Marketing & Logistics • Natural Gas
Midstream Solutions • Global Trading

FRANKLIN, TN – Eco-Energy, a leading biofuel and natural gas marketing supply chain company, announces the acquisition of the Stone Mountain gathering pipeline system, Stone Mountain processing facility, and the Stone Mountain rail terminal. These assets had been owned by Continuum Energy Services for more than ten [10] years. Financial terms were not disclosed.

The Stone Mountain gathering system is made of up over 600 miles of gathering pipelines that span Kentucky, Tennessee, and Virginia. The system has a design capacity for 60,000 Mcf/d and collects gas from over 800 wells which supply the cryogenic processing facility before interconnecting with the East Tennessee pipeline. The East Tennessee interconnect provides a significant uplift in value to the surrounding production.

The Stone Mountain cryogenic processing plant has the capacity of 25,000 Mcf/d with a pipeline connection to the Stone Mountain liquids terminal. The liquids terminal is designed to handle y-grade, propane, and butane and has 24 railcar spots with access to the Norfolk Southern railroad and 3 trucks bays to supply the local market with these premium products.

“Eco is looking forward to growing our natural gas business with this new asset. Stone Mountain will be a strategic foothold in the Southern Appalachian market that complements our commercial marketing platform. Eco-Energy is looking forward to our partnership with the current producer Magnum Hunter Production (a division of Montage Resources). We have worked hard to align incentives that benefit both companies and we look forward to adding new suppliers to the system as well” stated Brian Simpson, Eco-Energy’s EVP of Development.

John Reinhart, President and CEO of Montage Resources commented, “We are pleased to be working with the team at Eco-Energy and the expanded natural gas marketing capabilities they provide.”

About Eco-Energy, Inc.
Eco-Energy is an integrated biofuel and natural gas company focused on marketing, trading, transportation, and distribution. Eco-Energy recently joined the Platts Marketing survey in Q4 2018 with 1.5bcf/d making Eco-Energy a top-25 natural gas marketer in the U.S. Eco-Energy is among the largest ethanol marketing companies in North America with over $4.0 billion in sales and handling over 14% of North American ethanol.
About Montage Resources.
Montage Resources is an exploration and production company with approximately 218,000 net effective undeveloped acres currently focused on the Utica and Marcellus Shales of southeast Ohio, West Virginia, and North Central Pennsylvania. For more information, please visit the Company’s website at www.montageresources.com.

FRANKLIN, Tenn.--(BUSINESS WIRE)--Eco-Energy, a leading biofuel supply chain company, announces the formation and launch of its Ethanol Logistics Service. This service will extend Eco’s logistics management capabilities to a broader mix of ethanol buyers and shippers, providing participants with improved visibility and control over their ethanol supply chain performance. The platform technology is centralized on real-time data capture, monitoring, and reporting to provide participants with the information and resources they need to extract the most value from their supply chain. The service, which is initially focused on truck transport, will begin operations with $25m+ of annual freight under management. In association with the logistics service, Eco has partnered with Eagle Transport as the preferred truck carrier for the business. In conjunction with this partnership, Eagle will assume certain truck operations currently within Eco-Energy Transportation. This combined platform establishes the largest, asset-backed logistics management service exclusively focused on ethanol.

“Eco is excited to use our expertise and market position to bring an industry-leading solution that will enable greater visibility and control across the ethanol supply chain. We recognize a real need to resolve current gaps in ethanol logistics management, as well as proactively address the future constraints we anticipate in this space. We believe our strategic partnership with Eagle ensures our logistics service has a strong asset backing by a leader in the motor fuels transport space,” stated David Maggied, Eco-Energy’s Vice President of Transportation.

Lance Collette, Eagle Transport’s President commented, “we are excited to establish a strategic partnership with Eco-Energy. We believe Eco’s Ethanol Logistic Service platform launch is compelling and unique; we are proud to be their leading tank truck carrier for this service. With this venture, Eagle expands our terminal footprint and leverages our southeastern presence to attain an increased level of value-based services to the ethanol and petroleum markets.”

About Eco-Energy, Inc.
Eco-Energy is an integrated biofuel supply chain company focused on the marketing, trading, transportation, and distribution of biofuels across the globe. Eco-Energy is among the largest full-service marketing companies in North America with over $4.0 billion in sales and handling over 12% of the biofuels market. By leveraging Eco-Energy’s core competencies in logistics, distribution, and trading, Eco-Energy is able to provide innovative, value-added solutions for a more stable, disciplined, and vertically integrated supply chain.
About Eagle Transport Corporation.
Eagle Transport Corporation, based in Rocky Mount, NC, is one of the largest diversified bulk tank truck carriers in the United States serving the petroleum, ethanol and chemical supply chains. Eagle is ranked as the 6th largest carrier in Bulk Transporter’s 2018 Gross Revenue Report and ranked 11th in Transport Topics’ 2019 Bulk Tank list. Eagle operates from a network of more than 20 truck terminals and is licensed to serve the United States’ 48 contiguous states and two provinces of Canada. In 2019, Eagle Transport celebrates its 50th year anniversary; Eagle’s history is built upon service excellence to our employees, customers, and the communities we serve.

FRANKLIN, Tenn.--(S&P GLOBAL, PLATTS, GAS DAILY)--While the natural gas marketing space in North America continued to be dominated by a few big integrated oil and gas companies and private marketing companies in the fourth quarter of 2018, some independent exploration-and-production companies continued to post impressive numbers.

The top five spots in S&P Global Platts gas marketer survey, based on the volumes of natural gas sold in North America during the quarter, remained unchanged from Q3 2018, with BP continuing to dominate the field. With an estimated marketed volume of 22.3 Bcf/d, BP marketed almost 10 Bcf/d more than second place Macquarie Energy, with a volume of 12.6 Bcf/d.

Third-place Tenaska, a privately held energy marketer, reported a volume of 10.6 Bcf/d, an increase of 800 MMcf/d in the fourth quarter of 2017, while Shell Energy North America’s reported volumes of 9.9 Bcf/d, down slightly from the 10.0 Bcf/d reported in Q4 2017.

Rounding out the top five, large producer ConocoPhillips reported an average volume of 8.4 Bcf/d, up 200 MMcf/d from the year-ago quarter. Among players posting big year-over-year gains in marketed volumes, privately held J. Aron, number seven in the rankings, posted a 1 Bcf/d increase in Q4 2018, compared with the previous year’s quarter.

Other market players posting significant marketing gains compared with Q4 2017 are: Southern Company’s Sequent Energy Management, 300 MMcf/d; Direct Energy, 400 MMcf/d; EDF, 500 MMcf/d; CenterPoint Energy, 300 MMcf/d; NextEra, 300 MMcf/d; Castleton Commodities, 600 MMcf/d; and ARM Energy Management, 600 MMcf/d.

Several upstream producers, which typically sell their own production, also posted year-over-year marketing volume gains. These included Chevron, 400 MMcf/d; Antero Resources, 500 MMcf/d; and Cabot Oil and Gas, 400 MMcf/d.

Appalachian producer EQT reported selling about 4 Bcf/d in Q4 2018, up 1.1 Bcf/d from Q4 2017. However, the 2.9 Bcf/d it reported marketing in the fourth quarter of 2017 does not reflect the full impact of its acquisition of rival producer Rice Energy, which closed in November of that year.

Eco-Energy, a marketing and trading company specializing in biofuels, joined Platts marketing survey this quarter, reporting that it is marketing about 1.5 Bcf/d in Q4 2018 compared with 1.0 Bcf/d in the previous year’s quarter.

— Jim Magill

 Top North American Gas Marketers Q4-18 (cf/d)

 

Company

Q4-18

Q4-17

1

BP

22.3

21.2

2

Macquarie Energy

12.6

13.2

3

Tenaska

10.6

9.8

4

Shell Energy North America

9.9

10.0

5

ConocoPhillips

8.4

8.2

6

Southern Co./Sequent

7.0

6.4

7

J. Aron

6.4

5.4

8

Direct Energy

5.6

5.2

9

EDF

5.0

4.5

10

Mercuria

4.4

4.8

11

EQT*

4.0

2.9

11

CenterPoint Energy

4.0

3.7

12

Chevron**

3.9

3.5

13

NextEra

3.3

2.7

14

Castleton Commodities

3.2

2.6

15

Antero Resources

3.1

2.6

16

ExxonMobil

2.8

3.0

17

Cabot Oil & Gas

2.2

1.8

18

SWN Energy Services

2.1

2.3

18

Mieco

2.1

2.2

19

Chesapeake Energy

2.0

2.6

19

ARM Energy Management

2.0

1.4

20

NJR Energy Services

1.8

1.8

21

Emera

1.7

1.8

22

Canadian Natural Resources

1.5

1.6

22

Total Gas & Power

1.5

1.3

22

Eco-Energy

1.5

1.0

23

Encana

1.5

1.0

24

Devon Energy

1.1

1.2

24

Anadarko Petroleum***

1.1

1.0

*EQT Q4 2017 volumes do not reflect full impact of merger with Rice Energy

**Chevron US volumes only

***Anadarko Petroleum US volumes only

CFE International, listed number 13 on the Q3 2018 survey, declined to participate in this month’s survey

Source: Company submissions, quarterly reports and SEC filing

 

About Eco-Energy, Inc.
Eco-Energy is an integrated biofuel supply chain company focused on the marketing, trading, transportation, and distribution of biofuels across the globe. Eco-Energy is among the largest full-service marketing companies in North America with nearly $5 billion in sales and handling over 15% of the biofuels market. By leveraging Eco-Energy’s core competencies in logistics, distribution, and trading, Eco-Energy is able to provide innovative, value-added solutions for a more stable, disciplined, and vertically integrated supply chain.

FRANKLIN, Tenn.--(BUSINESS WIRE)--Eco-Energy, the leading biofuel supply chain company, is pleased to announce a three-year contractual extension with Pinal Energy – a 55 million gal/yr plant in Arizona. “At Eco, our core focus is on our Alliance plant partners and value creation for each one. We are excited that Pinal Energy has chosen us as their ethanol marketer for the next three years. Our team continues to look for every way to maximize Pinal’s position as Arizona’s only ethanol plant,” stated John Bowman, VP of Alliance Marketing at Eco-Energy. Eco-Energy has been Pinal Energy’s ethanol marketer since 2014. “Pinal Energy is excited to continue our team-focused effort along with Eco Energy to position its facility to supply our market with locally made energy and effective octane,” said Matt Rynearson, General Manager Pinal Energy LLC.

Eco-Energy CEO Josh Bailey states that “We have developed a leading position in the Arizona market, which has allowed us to create measurable value for Pinal Energy.” Along with marketing for Pinal, Eco-Energy has a terminal project underway in Phoenix, AZ. According to Bailey, “Eco continues to invest in the ethanol industry, creating efficiency and preparing for future growth. The Phoenix project along with others in development include inbound unit train capability and pipeline connectivity to local terminals, the most efficient design possible for incorporating ethanol into the fuel chain.” Both projects are expected to be operational during calendar year 2019.

About Eco-Energy, Inc.
Eco-Energy is an integrated biofuel supply chain company focused on the marketing, trading, transportation, and distribution of biofuels across the globe. Eco-Energy is among the largest full-service marketing companies in North America with nearly $5 billion in sales and handling over 15% of the biofuels market. By leveraging Eco-Energy’s core competencies in logistics, distribution, and trading, Eco-Energy is able to provide innovative, value-added solutions for a more stable, disciplined, and vertically integrated supply chain.

FRANKLIN, Tenn.--(BUSINESS WIRE)--Eco-Energy Distribution Services, a leading biofuel supply chain company, is pleased to announce the opening of its ethanol unit train distribution facility in Charlotte, NC. The facility, which connects to Kinder Morgan Southeast Terminals, LLC’s Charlotte 3 Terminal, is located within the terminal complex in Charlotte and is equipped to receive 96 tank cars via the CSX Railway. The facility has ethanol distribution capability via pipeline connection and/or tank truck delivery to all area gasoline blending locations. The Charlotte facility is Eco-Energy’s ninth ethanol distribution terminal to open since 2012.

“Eco-Energy is proud of our accomplishment and appreciative of our partners in Charlotte. The industry has desired a solution in this market for many years and we have finally delivered one of the most efficient operations in the U.S. Both shippers and end users will benefit from an improved ethanol supply chain into this growing market. Eco is continuing to invest where we can create efficiency and develop infrastructure that is prepared for future growth beyond 10% blends,” stated Joshua Bailey, Eco-Energy’s Chief Executive Officer.

About Eco-Energy, Inc.
Eco-Energy is an integrated biofuel supply chain company focused on the marketing, trading, transportation, and distribution of biofuels across the globe. Eco-Energy is among the largest full-service marketing companies in North America with over $4.0 billion in sales and handling over 12% of the biofuels market. By leveraging Eco-Energy’s core competencies in logistics, distribution, and trading, Eco-Energy is able to provide innovative, value-added solutions for a more stable, disciplined, and vertically integrated supply chain.

INNOVATION, INTEGRITY, AND COMMITMENT
IN ENERGY INTEGRATION

Eco-Energy's customer-focused philosophy creates value-added solutions for a more stable, disciplined, and vertically integrated energy supply chain. We develop responsible relationships and secure assets that leverage our core competencies in global logistics, distribution, and trading.

INNOVATION, INTEGRITY, AND COMMITMENT
IN ENERGY INTEGRATION

Eco-Energy's customer-focused philosophy creates value-added solutions for a more stable, disciplined, and vertically integrated energy supply chain. We develop responsible relationships and secure assets that leverage our core competencies in global logistics, distribution, and trading.