Berrick Energy https://www.unitedenergytrading.com Wed, 03 Aug 2022 15:40:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 Berrick Energy Announces Acquisition of Encore Energy’s Colorado Book of Business https://www.unitedenergytrading.com/news/united-energy-trading-announces-acquisition-of-encore-energys-colorado-book-of-business/ https://www.unitedenergytrading.com/news/united-energy-trading-announces-acquisition-of-encore-energys-colorado-book-of-business/#respond Wed, 03 Aug 2022 15:37:30 +0000 https://www.unitedenergytrading.com/?p=870 Continue reading Berrick Energy Announces Acquisition of Encore Energy’s Colorado Book of Business]]> Denver, CO – North American natural gas provider, Berrick Energy LLC (UET), has purchased the Colorado Front Range Retail Customer contracts of Encore Energy Services Inc. (Encore Energy). This purchase adds to UET’s broad clientele base in Colorado, with more than 4 BCF per year of customer supply and approximately 120 customers, servicing over 500 locations. Berrick Energy has a 20-year presence in Colorado and while establishing a strong base within the state, Berrick Energy has continually widened its network across North America, providing 6 states with high-quality natural gas services, California, Georgia, Ohio, Michigan, Nebraska, and Wyoming.

A tenet of UET’s business is giving back to the communities it serves, through charitable partnerships with 4Ocean and PlantIt2020, investments in RNG opportunities, and constantly setting new highs for environmental standards in natural gas. Berrick Energy achieved carbon neutrality in 2021, successfully offsetting 100% of its carbon output related to physical structures, electricity, and natural gas usage, including work from home employees and work-related travel. Their internal push for planet-saving measures pervades their products and projects. Offering customers options like bio-gas, low-CI and intermediate-CI RNG, land-fill gas, solar and their newest program via United Green Energy (UGE), easy and affordable access to carbon offsets and RECs to help offset our customers carbon footprint.

“We are excited to offer our newest client base the opportunities and resources to expand their personal ESGs and climate goals. Providing knowledge on alternative fuel sources and facilitating access to certified carbon offsets is UET’s passion. We strive to change the industry while continuing to provide our high standards of service and product that we are known for across the United States.” said Tom Smith, Berrick Energy President.

About Berrick Energy:

Berrick Energy LLC is a fully integrated energy marketing and logistics organization. Staffed with energy experts averaging 25 years in the industry and offices located across North America, Berrick Energy continues to move the needle forward in renewable and sustainable energy practices. For more information about Berrick Energy, their services, and green energy efforts, visit https://www.unitedenergytrading.com

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United Green Energy provides carbon offset capability to the Colorado Avalanche during playoffs https://www.unitedenergytrading.com/news/united-green-energy-provides-carbon-offset-capability-to-the-colorado-avalanche-during-playoffs/ https://www.unitedenergytrading.com/news/united-green-energy-provides-carbon-offset-capability-to-the-colorado-avalanche-during-playoffs/#respond Mon, 27 Jun 2022 18:25:56 +0000 https://www.unitedenergytrading.com/?p=828 Continue reading United Green Energy provides carbon offset capability to the Colorado Avalanche during playoffs]]> United Green Energy provides carbon offset capability to the Colorado Avalanche during playoffs

Contact: Jessica Koerner, 303-906-3628 or jkoerner@novitascommunications.com

June 24, 2022 [Denver] – The Colorado Avalanche and Ball Arena have partnered with United Green Energy (UGE) to provide Green-e certified carbon offsets for all Colorado Avalanche home games during the final round of the playoffs, effectively offsetting the arena carbon footprint during home games.

“United Green Energy applauds the Avalanche’s commitment to sustainability in providing this service during the final round of the playoffs” says Executive Chairman Tom Williams. “We have been working to build up our programs with producers across the country, optimizing our technology as well as our ability to launch our carbon offset program on a national scale.”

UGE is a leader in the sustainability and renewable energy space, continually working to find the most innovative and impactful solutions to the challenges that we face in trying to ensure a cleaner planet for everyone.

UGE and the Colorado Avalanche are proud partners in supporting sustainability and a commitment to positively impacting climate change during this exciting playoff run. This fits in with other sustainability efforts that the Avalanche have committed to, including the partnership with Ball Corporation, providing fans with a more environmentally friendly experience, and showcasing aluminum beverage packaging and recycling throughout Ball Arena.

About United Green Energy:

United Green Energy (UGE) is your renewable energy partner. Berrick Energy. LLC (UET), our parent company, is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. Berrick Energy purchases, transports, and/or sells a wide array of energy products throughout North America.  UGE specifically sells environmentally friendly products such as Carbon Offset Green Gas, RNG, RSG, Renewable Fuels, Carbon Offsets, and RECs and is experiencing significant growth in this area as consumers more widely embrace Green Energy and the positive impact it has on the environment.

 

About Kroenke Sports & Entertainment:

Denver-based Kroenke Sports & Entertainment is one of the world’s leading ownership, entertainment and management groups. KSE’s portfolio of professional sports teams and venues include: the Los Angeles Rams (NFL), Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Rapids (MLS), Colorado Mammoth (NLL), SoFi Stadium, Ball Arena, Dick’s Sports Goods Park and the Historic Paramount Theatre. Additional properties under KSE’s umbrella include Altitude Sports & Entertainment, a 24-hour regional television network and Altitude Authentics, the company’s official retail provider.

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United Green Energy and Green Rock Energy Partners Announce Partnership on Renewable Natural Gas Opportunities https://www.unitedenergytrading.com/news/united-green-energy-and-green-rock-energy-partners-announce-partnership-on-renewable-natural-gas-opportunities/ https://www.unitedenergytrading.com/news/united-green-energy-and-green-rock-energy-partners-announce-partnership-on-renewable-natural-gas-opportunities/#respond Tue, 17 May 2022 12:08:22 +0000 https://www.unitedenergytrading.com/?p=797 Continue reading United Green Energy and Green Rock Energy Partners Announce Partnership on Renewable Natural Gas Opportunities]]> Denver, CO — United Green Energy (“UGE”), through its affiliate Berrick Energy LLC (“UET”), has formed a strategic partnership with Green Rock Energy Partners (“Green Rock”), a sustainable infrastructure-focused private equity firm, to co-develop renewable natural gas opportunities. UGE has made an investment in Green Rock’s first project (the “Project”), Bio Town Biogas, while also providing commodity marketing and logistic services to the Project.

Bio Town Biogas, which closed in Q3 2021, sources food waste, dairy manure, beef manure, and other agriculture waste to produce renewable electricity, renewable heat, and renewable natural gas. The Project is UGE’s first equity investment in a series of similar renewable natural gas projects involving Green Rock. UGE brings to Green Rock value-added renewable energy services and products.

“UGE’s commercial role with the Project highlights the strategic importance of a partnership with a long-standing, successful natural gas trading company” said Andy Kelleher, Co-Founder and Managing Partner of Green Rock. “Berrick Energy provides Green Rock a competitive advantage through linking sustainable fuel production to UET’s many end use customers.”

Notably, for this Project and the series of associated planned projects, Berrick Energy will be conducting the majority of the commercial renewable natural gas offtake activities including gas injection, storage, and sales. This approach optimizes sustainable fuel projects’ value by leveraging and aligning UET’s decades of success in logistics and natural gas trading with deployment of additional project capital.

“With its own production of renewable energy credits from ownership stakes in production facilities along with access to additional supplies, UGE is in an enviable position to provide ESG services to its many natural gas end users “, stated Thomas Williams, Executive Chairman and EVP of Business Development. “This partnership is a natural complement to UGE’s mature carbon credit business which has been operating successfully since 2014.”

This investment and future planned offtake activities are just one component of a comprehensive array of initiatives that UGE has planned, including advancing the supply of Responsibly Sourced Gas (RSG), low CI RNG, intermediate CI RNG, generation of carbon credits through range management improvements, and Landfill Gas (LFG). Aiming to neutralize and mitigate the carbon footprint of UGE’s customers, UGE launched its carbon offset program in 2014, connecting individuals and businesses to Green-e certified renewable energy credits.

Taken together, today’s announced partnership with Green Rock, along with the additional array of UGE’s green initiatives, comprise a full suite of ESG products and services designed to ensure attainment of the sustainability goals of UET’s numerous and long-standing end use customers.

About United Green Energy and Berrick Energy

Berrick Energy, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. Berrick Energy purchases, transports, and/or sells a wide array of energy products throughout North America.  UGE specifically sells environmentally friendly products such as Carbon Offset Green Gas, RNG, RSG, Renewable Fuels, Carbon Offsets, and RECs and is experiencing significant growth in this area as consumers more widely embrace Green Energy and the positive impact it has on the environment.

For more information on United Green Energy and our renewable energy efforts please contact Kyle Eichman at keichman@uetllc.com or visit www.unitedgreenenergy.com

 

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Berrick Energy (UET) BECOMES FIRST ENERGY SERVICES PROVIDER IN NORTH AMERICA TO BE GREEN-E® MARKETPLACE CERTIFIED https://www.unitedenergytrading.com/news/united-energy-trading-uet-becomes-first-energy-services-provider-in-north-america-to-be-green-e-marketplace-certified/ https://www.unitedenergytrading.com/news/united-energy-trading-uet-becomes-first-energy-services-provider-in-north-america-to-be-green-e-marketplace-certified/#respond Thu, 18 Nov 2021 16:03:25 +0000 https://www.unitedenergytrading.com/?p=685 Continue reading Berrick Energy (UET) BECOMES FIRST ENERGY SERVICES PROVIDER IN NORTH AMERICA TO BE GREEN-E® MARKETPLACE CERTIFIED]]> Lakewood, CO: Berrick Energy (UET) has become the first and only seller of Green-e® certified products that is also Green-e® Marketplace certified.

Berrick Energy (UET) has achieved the prestigious distinction of becoming Green-e® Marketplace certified for making 100% renewable energy purchases across their fully integrated operation line. Berrick Energy supplies natural gas services across North America, while also offering Green-e® Energy certified renewable energy certificates (RECs) and Carbon Offsets via DBA’s such as Kratos Gas & Power, Callective Energy, United Green Energy (UGE) and Uncle Frank Energy Services. In addition, Berrick Energy became one of the only energy services providers in the United States that has offset its carbon footprint. Including its 100% renewable energy commitment, Berrick Energy offsets their carbon output for all office buildings, electricity, and natural gas usage, including work from home employees and work-related travel. Berrick Energy also negates the carbon footprint related to the transportation of their energy products, and the greenhouse gas emissions related to the production of oil. With 17 offices throughout the United States and Canada, Berrick Energy will be neutralizing 5,100 tons of carbon from the atmosphere.

“Today, Berrick Energy is proud to be a disruptive leader in the new energy frontier. Our expertise, entrepreneurial spirit, and commitment to our customers position us to deliver exciting sustainable solutions, while maintaining access to reliable and affordable energy.” Said Thomas Smith, President of UET.

Green-e® Marketplace, a program administered by the non-profit Center for Resource Solutions, is a rigorous certification for companies who have committed to 100% renewable certified energy procurement. With this commitment, Berrick Energy joins an elite group of committed organizations that have made a decision for better environmental health. The Green-e® program is a trusted international certification which consumers and businesses alike can rely on for clean energy endorsements and information. Participants in the Green-e® programs are active proponents in environmental change and a renewable future for all.

Berrick Energy has also committed to positive eco-health through important and beneficial partnerships with Plant-It 2020 and 4Ocean to attack climate change on multiple levels. Starting in 2018, the combined efforts of Berrick Energy, Callective Energy, and UGE have helped plant over 8,376 trees and remove over 3,500 pounds of trash from oceans. Callective Energy has purchased over ninety-six thousand tons of carbon offsets for their Green Gas customers in California. That is equivalent to taking over 50 thousand cars off of the road for a year. By continuing to offer respected, reliable, and now clean energy options across the United States, Berrick Energy is leading the charge towards a better future.

About Berrick Energy

Berrick Energy, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. Berrick Energy purchases, transports, and/or sells a wide array of energy products throughout North America. Berrick Energy specifically sells environmentally friendly products such as Carbon Offset Green Gas, RNG, RSG, Renewable Fuels, Carbon Offsets, and RECs and is experiencing significant growth in this area as consumers more widely embrace Green Energy and the positive impact it has on the environment.

Contact:
Kyle Eichman
VP, Marketing & Media Relations
keichman@uetllc.com
(303) 615-7394
www.unitedenergytrading.com

 

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Berrick Energy Certified by Green-e Marketplace for 100% Renewable Energy Commitment https://www.unitedenergytrading.com/news/united-energy-trading-certified-by-green-e-marketplace-for-100-renewable-energy-commitment/ https://www.unitedenergytrading.com/news/united-energy-trading-certified-by-green-e-marketplace-for-100-renewable-energy-commitment/#comments Tue, 02 Nov 2021 19:37:27 +0000 https://www.unitedenergytrading.com/?p=637 Continue reading Berrick Energy Certified by Green-e Marketplace for 100% Renewable Energy Commitment]]> Berrick Energy (UET) LLC, a fully integrated energy services company with offices and operations across North America, has been certified by Green-e Marketplace for its commitment to power 100% of its facilities with renewable electricity. Berrick Energy is also a retailer of Green-e certified carbon offsets and certified renewable energy certificates (RECs) through DBAs including Callective Energy, Kratos Gas & Power, Uncle Frank Energy Services, and United Green Energy. Berrick Energy is the first seller of Green-e certified products to also commit to certifying its 100% renewable energy commitment for its own operations through Green-e Marketplace.

“Berrick Energy is demonstrating leadership through Green-e Marketplace certification of its renewable energy use,” said Jennifer Martin, executive director of Center for Resource Solutions, which administers the Green-e program. “By committing to 100% renewable energy across all of its facilities, verified and certified by Green-e Marketplace, Berrick Energy is leading with the strategy that sustainability starts first at home.”

“We are extremely proud of our relationship with Green-e and to be the first seller to commit to certifying our own operations.  Berrick Energy is committed to providing our growing customer base with renewable energy options.  Doing things sustainably is not new to us.  Our years of experience across the energy spectrum has guided our success in the clean energy space .  Today, Berrick Energy is proud to be a disruptive leader in the new energy frontier.  Our expertise, entrepreneurial spirit, and commitment to our customers position us to deliver exciting sustainable solutions, while maintaining access to reliable and affordable energy.”  Said Thomas Smith, President of UET.

The renewable electricity purchased by Berrick Energy is sourced from RECs generated by wind farms throughout the U.S. By powering its operations with renewable energy, Berrick Energy is taking real action to reduce the impact of its energy use. Electricity generated from renewable sources results in less environmental waste and pollution and displaces other non-renewable sources from the electric grid. The company’s purchase of electricity created from emissions-free renewable sources avoids carbon dioxide and other pollutants and serves to build the market for renewable energy nationwide, increasing incentives for developing new facilities.

 

About Berrick Energy

Berrick Energy, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. Berrick Energy purchases, transports, and/or sells a wide array of energy products throughout North America.  Berrick Energy specifically sells environmentally friendly products such as Carbon Offset Green Gas, RNG, RSG, Renewable fuels, Carbon Offsets, and RECs and is experiencing significant growth in this area as consumers more widely embrace Green Energy and the positive impact it has on the environment.

About Center for Resource Solutions and Green-e

Center for Resource Solutions’ (CRS’s) leadership through collaboration and environmental innovation builds policies and consumer-protection mechanisms in renewable energy, greenhouse gas reductions, and energy efficiency that foster healthy and sustained market growth. CRS runs the Green-e certification program, the leading independent consumer protection program for the sale and use of renewable energy and greenhouse gas reductions in the retail market. Green-e provides forward-thinking organizations a simple, internationally recognized logo they can use to communicate their renewable energy and climate commitment to their customers and stakeholders. Learn more about CRS at resource-solutions.org.

 

Press release

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PIERCE TRANSIT TO PARTNER WITH Berrick Energy AND PUREWEST ENERGY TO FUEL BUSES WITH CARBON NEUTRAL, RESPONSIBLY SOURCED GAS https://www.unitedenergytrading.com/news/pierce-transit-to-partner-with-united-energy-trading-and-purewest-energy-to-fuel-buses-with-carbon-neutral-responsibly-sourced-gas/ https://www.unitedenergytrading.com/news/pierce-transit-to-partner-with-united-energy-trading-and-purewest-energy-to-fuel-buses-with-carbon-neutral-responsibly-sourced-gas/#respond Tue, 02 Nov 2021 19:29:12 +0000 https://www.unitedenergytrading.com/?p=634 Continue reading PIERCE TRANSIT TO PARTNER WITH Berrick Energy AND PUREWEST ENERGY TO FUEL BUSES WITH CARBON NEUTRAL, RESPONSIBLY SOURCED GAS]]> PureWest Energy, LLC (“PureWest”), a leading Environmental, Social and Governance (ESG)-focused independent natural gas producer with operations in the Rocky Mountain region, today announced an agreement with Berrick Energy, LLC and Pierce Transit to provide its first-ever scope 1 and 2 carbon neutral, certified Responsibly Sourced Gas (“RSG”) in the country.

Berrick Energy, LLC, a Green-E Certified company and physical supplier of carbon neutral gas, is proud to partner with Pierce Transit, which has embraced the clean air benefits of compressed natural gas (CNG) for more than 35 years and has been recognized by the Department of Energy’s Clean Cities program for its commitment to using cleaner, alternative fuels. Today, 80 percent of Pierce Transit buses operate on CNG, 13 percent are hybrid-electric, 5 percent are battery electric and just 2 percent are diesel. While operating the majority of its buses on CNG offers environmental benefits over traditional fuels, there is still an environmental impact. Transitioning its CNG fleet to this new fuel source means 80 percent of Pierce Transit’s buses will be running on certifiably carbon neutral RSG. By using carbon neutral RSG, Pierce Transit’s carbon reduction will equal a reduction of 101,370 pounds of coal burned or 230,496 miles driven by an average car each year.

Responsibly Sourced Gas is natural gas that Project Canary, an independent evaluator, has verified as meeting the highest standards and practices to minimize its environmental footprint through the Project Canary TrustWell RSG certification. PureWest’s Platinum Certified “TrustWell” RSG involves a rigorous audit and field evaluation by Project Canary of PureWest’s stewardship with respect to air, land, water and the community, including safety practices, and the continuous and independent monitoring of methane emissions at the well pads. Berrick Energy will physically deliver PureWest’s market-leading clean natural gas to Pierce Transit to help meet the transportation and sustainability goals of Washington State’s second largest county. Purchase of the RSG has been bundled with high-quality, certified and registered offset credits for the remainder of the carbon emissions.

“Berrick Energy is committed to providing Pierce Transit with renewable energy options. Doing things sustainably is not new to us. Our years of experience across the energy spectrum has guided our success in the clean energy space. Today, Berrick Energy is proud to be a disruptive leader in the new energy frontier. Since 2021, Berrick Energy has been a carbon footprint offset company, running 100 percent of our business on renewable energy, and we want to help our customers manage their emissions as well. Through diligent logistics and ecological carbon management programs, we are committed to making the world a better place.” said Thomas Smith, President of UET.

“This unique partnership further accelerates our commitment to being an industry leader in delivering lower carbon energy solutions,” said PureWest CEO Chris Valdez. “We look forward to supporting Pierce Transit’s sustainability goals and ensuring the cleanest and most reliable natural gas is available to drive progress.”

Last quarter, PureWest received a platinum rating for 90 of its wells on two pads through the independent evaluation company, Project Canary. Through its comprehensive evaluation of PureWest’s operations, Project Canary found that PureWest represents their “best-in-class” tier, which comprises the top 10% of peers. PureWest also received the “Low-methane Verified Attribute Rating” on the certified wells and conducts continuous and independent monitoring of methane emissions at the well pads. PureWest’s 2020 methane intensity rate was 0.04% based on data reported to EPA, which was reduced from 0.12% as reported in 2019. PureWest, Wyoming’s top natural gas producer, plans to certify an additional 779 wells on 38 pads by the end of 2021. Robust and defensible carbon offsets have been procured to cover the remaining scope 1 and 2 emissions. “Pierce Transit is thrilled to be a national leader in the transit industry by transporting our customers using carbon neutral, responsibly sourced, natural gas fuel,” said Pierce Transit CEO Mike Griffus. “Our agreement with Berrick Energy and PureWest enables Pierce Transit to balance the needs of our customers with a responsible, lower-carbon energy supply.”

Uplift Energy Strategy and Berrick Energy served as brokers to secure Pierce Transit’s purchase of PureWest’s RSG.

 

About Berrick Energy

Berrick Energy, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. Berrick Energy purchases, transports, and/or sells a wide array of energy products throughout North America. Berrick Energy specifically sells environmentally friendly products such as Carbon Offset Green Gas, RNG, RSG, Renewable fuels, Carbon Offsets, and RECs and is experiencing significant growth in this area as consumers more widely embrace Green Energy and the positive impact it has on the environment.

Berrick Energy, LLC
Richard Greenwell, Direct of Gas Marketing
rgreenwell@uetllc.com, 202.618.3738

 

Full article

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To our valued customers, https://www.unitedenergytrading.com/news/to-our-valued-customers/ https://www.unitedenergytrading.com/news/to-our-valued-customers/#respond Sun, 08 Aug 2021 23:18:34 +0000 http://uet.localhost:8080/?p=381 Continue reading To our valued customers,]]> To our valued customers,

There is no higher priority to the Berrick Energy 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 Berrick Energy, 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 Berrick Energy, 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.  Berrick Energy is committed to providing safety while delivering reliable energy to our Berrick Energy 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.

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PESCO’s other non-Florida retail operations and contracts were sold to Berrick Energy, LLC (UET) https://www.unitedenergytrading.com/news/pescos-other-non-florida-retail-operations-and-contracts-were-sold-to-united-energy-trading-llc-uet/ https://www.unitedenergytrading.com/news/pescos-other-non-florida-retail-operations-and-contracts-were-sold-to-united-energy-trading-llc-uet/#respond Fri, 25 Oct 2019 23:22:51 +0000 http://uet.localhost:8080/?p=384 Continue reading PESCO’s other non-Florida retail operations and contracts were sold to Berrick Energy, 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 Berrick Energy, 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, Berrick Energy, 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 Berrick Energy, LLC

Berrick Energy, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. Berrick Energy 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

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Vote NO on 112 https://www.unitedenergytrading.com/news/vote-no-on-112/ https://www.unitedenergytrading.com/news/vote-no-on-112/#respond Fri, 19 Oct 2018 23:30:27 +0000 http://uet.localhost:8080/?p=388 Coming together to protect Colorado, Berrick Energy stands with the Oil & Gas Industry and says NO on Proposition 112 – Don’t set Colorado back!

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Midstream Midland https://www.unitedenergytrading.com/news/midstream-midland/ https://www.unitedenergytrading.com/news/midstream-midland/#respond Wed, 15 Aug 2018 23:32:53 +0000 http://uet.localhost:8080/?p=391 Continue reading Midstream Midland]]> Berrick Energy (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 Berrick Energy and its affiliate Berrick Energy 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. Berrick Energy and Berrick Energy 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 Berrick Energy Midstream to be on your list of providers so we can add valuable insights as your diligent partner in your critical decision making process.

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