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The Section 4(a)(2) Exemption – Exempt Offerings
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Section 4-a-2 Exemption
Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) provides an exemption from the SEC’s registration statement requirements for transactions by an issuer and do not involve a public offering of securities. Section 4(a)(2) is also known as the private placement exemption and is the most widely used exemption for securities offerings in the U.S. The exemption allows an issuer to raise an unlimited amount of capital in private transactions from sophisticated investors who are able to fend for themselves. Both private and publicly traded companies can rely on the Section 4(a)(2) exemption.
Shares sold in reliance upon Section 4(a)(2) are restricted securities
and may not be resold by purchasers in the offering absent SEC registration or an exemption therefrom.
In SEC v. Ralston Purina Co., 346 U.S. 119 (1953), the U.S. Supreme Court confirmed the position of the SEC that offers and sales to a large number of Ralston Purina’s employees under its stock grant plan did not qualify for the exemption provided by Section 4(a)(2). The Ralston Purina decision provides important factors to consider when relying on the Section 4(a)(2) exemption from SEC registration:
For purposes of determining whether the Section 4(a)(2) is a private offering, both offerees and purchasers are considered,
The number of offerees is not an exclusive means of determining the availability of Section 4(a)(2),
Offerees and purchasers either have enough knowledge and experience in finance and business matters to be “sophisticated investors” who are able to evaluate the risks and merits of the investment, or be able to bear the investment’s economic risk; and
Offerees and purchasers either have access to the type of information normally provided in a prospectus of a SEC registration statement such as Form S-1.
The informational requirements of Section 4(a)(2) are commonly satisfied by providing investors with a private placement memorandum containing information similar to that in a registration statement under the Securities Act. In general, public advertising of the offering, and general solicitation of investors, is incompatible with the Section 4(a)(2) exemption. As the number of investors increases and their relationship to the company and its management becomes more remote, it is more difficult to demonstrate that the offering qualifies for this exemption. If a company offers securities to even one person who does not meet the necessary conditions, the securities offering may be in violation of the Securities Act and a rescission offering may be required.
Hamilton & Associates Law Group, P.A provides ongoing corporate and securities counsel to private companies and public companies listed and publicly traded on the Frankfurt Stock Exchange, London Stock Exchange, NASDAQ Stock Market, the NYSE MKT and OTC Markets. For two decades the Firm has served private and public companies and other market participants in corporate law matters, securities law and going public matters. The firm’
Smart man
UNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS
Aug 05, 2022, 09:00 ET
PLANO, Texas, Aug. 5, 2022 /PRNewswire/ -- United Energy (OTCMKTS: UNRG) -- United Energy Corporation today announced 100% acquisition of Integrity Terminals, LLC., adding to UNRG's previous minority ownership stake of 12%. According to Brian Guinn, UNRG CEO, "As a wholly owned subsidiary of UNRG, full ownership and operational control enables UNRG to implement aggressive plans for the project's completion while increasing shareholder value. Profitability. Responsibility. Sustainability. These are the hallmarks of our corporate mission."
UNRG has also acquired the option to purchase a total of 686 acres of land located in Iberville Parish, Louisiana. The land's purchase is subject to due diligence studies and permitting approvals prior to closing on the property.
UNRG engages EXCEL Midstream Solutions, Houston, Texas as its strategic design, permitting, and engineering partner.
Integrity Terminals is a planned greenfield facility and sophisticated bulk storage import/export project strategically located in Louisiana's Gulf Coastal area along the Mississippi River. This corridor connects U.S. oil and gas suppliers with domestic and international markets. The world-class and technologically advanced, multi-functional facility will store, blend, and distribute petroleum products, crude oil, biofuel, green energy, and non-petroleum compounds. Phase 1 will focus on rail storage and transport. Phases 2 and 3 will incorporate deep-water and barge access, bulk storage, and more complex rail rack and rail storage systems.
This ambitious project will reduce dependence on foreign sources and interrupted supply chains. Leveraging connectivity to key refineries, pipelines, and the country's network of highways, integrated terminals provide logistical and wholesale oil and gas distribution solutions. The terminal will embrace eco-friendly, LEED® certified building practices, relying heavily on carbon capture and vapor recovery technologies (with the goal of carbon neutrality), contributing to a cleaner, healthier environment.
In conjunction with the acquisition, UNRG also announces it has engaged EXCEL Midstream Solutions, Inc. of Houston, Texas as its strategic design, permitting, and engineering partner. EXCEL provides premier civil, structural, mechanical, fabrication, electrical and instrumentation engineering, construction, and maintenance services. Their dedication to safety, stellar quality, and highly skilled professionals sets them apart in the industry. EXCEL's current roster of exclusive partnerships represents a critical service providing affordable fuels and power along with significant sustainability and carbon reductions. EXCEL has commenced the initial due diligence, engineering, facilities design, and permitting efforts, estimating that construction for Phase 1 can begin as early as Q3/Q4 2023 and Q1/Q2 2024 for Phases 2 and 3.
https://www.unrgcorp.com/media
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United Energy Announces Engagement of Investment Bank
Tuesday, July 19, 2022 1:30 AM
Partnerships
PLANO, TX / ACCESSWIRE / July 19, 2022 / United Energy (OTC PINK:UNRG), a diversified oil and gas producer based in Plano, TX with a 50-year history in the energy, manufacturing, and mining industries, announced today that it has engaged Paulson Investment Company, LLC, a highly esteemed investment banking firm with nearly 50 years of operations, to highlight and expose UNRG to the investment community.
Paulson Investment Company, LLC has earned national distinction as a premier boutique investment bank. Focusing on the small to mid-cap markets, they participated in more than 175 public and private offerings while raising over $1.2 billion in the financings. They concentrate their efforts on limited access private equity offerings.
Brian Guinn, UNRG President and CEO, declared, "We are very pleased to engage Paulson as a significant first step to a long-term successful investment banking relationship. We believe UNRG's market cap is highly undervalued and offers a unique value opportunity to their clients. We expect the Company to scale and grow aggressively because of the long-term expected demand of natural gas, both domestically and internationally."
This extremely significant partnership will allow UNRG to leverage Paulson's strong network of investors in order to expand UNRG's current operations and provide the continued exposure needed to achieve its ambitious future milestones, including preparing United Energy for its filing to become a fully-reporting SEC company on a major exchange."
About Paulson Capital Corp
Paulson Capital Corporation is the parent company of Paulson Investment Company, Inc. Headquartered in Portland, Ore., Paulson Investment Company, Inc. is a boutique investment bank and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten over 170 securities offerings and has generated more than $1.2 billion for client companies.
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United Energy Corp. Has Shifted Its Approach To Oil And Gas Production In A Post-Pandemic Climate
Brian Guinn, CEO of United Energy Corp.
UNRG
, was a guest speaker at Benzinga’s All Access on June 24th, 2022.
United Energy Corp. is a leading oil and gas producer based out of Plano, Texas. Since the pandemic, the company has taken an approach focused on exploration, development, production, storage and technology.
Watch the full interview
Thanks for your professional advice!!! I will continue to add : )
I agree!! It’s amazing all the moves they’ve made with some very reputable firms. Paulson, Excel….we should see some real nice moves before the end of the year
Due tell….love to hear conspiracy theories
I agree!!! Should be a strong Q that’s filed in a few days : )
Yea man…good day for a low volume day.
She’s coming back ….green close
We’ll close green today
$RIII SECURITY DETAILS UNCHANGED!!
Since November 2021
Share Structure
Market Cap Market Cap 3,118,842 08/05/2022
Market cap is laughable!!
Authorized Shares 500,000,000 08/08/2022
Outstanding Shares 155,942,103 08/08/2022
Restricted 70,326,329 08/08/2022
Unrestricted 85,615,774 08/08/2022
I’m thinking getting back to the .20s won’t be much of a struggle. Our Q due soon so more of the big picture revealed soon
Nice green close here on a Friday…definitely trending up. Excited for this week!
$UNRG SECURITY DETAILS
Share Structure
Market Cap Market Cap 36,107,144 08/05/2022
Authorized Shares 425,000,000 08/05/2022
Outstanding Shares 273,538,967 08/05/2022
Restricted 215,322,177 08/05/2022
Unrestricted 58,216,790 08/05/2022
$UNRG Key Areas Of Focus
Central to any successful gas & oil operational endeavor is the ability to maintain superior infrastructure assets while utilizing lean manufacturing techniques. Integral to United Energy Corporation’s corporate mission, is the acquisition of high-return drilling locations where well productivity can be increased through cost-efficiency measures.
This objective is possible because of the substantial experience of UNRG’s Leadership Team, along with an established record of operational safety. The Leadership Team is closely aligned with United Energy Corporation’s Operational Team at every stage of planning, development, and project oversight. This framework provides United Energy with the greatest capability to generate stable cash flows.
United Energy Corporation’s exploration of untapped oil and gas resources is foundational for adding to a growing inventory of integrated assets. With a focus on a combination of strategic facilities and transport access, UNRG is also conscious of offering diversified services, such as our investment in the license to a micronizing technology, while expanding processing and storage capacities.
Productive infrastructure assets deliver stability and a robust mixture of growth-oriented holdings. Long-term fee-based contracts provide a significant expansion opportunity. Along with our trusted energy partners – from leaseholders to contractors to communities – UNRG is dedicated to increasing well productivity and efficiency; a continuing focus on safety; sustainability of revenue; and improve execution performance.
EXPLORATION & PRODUCTION
Cherokee Basin
United Energy Corporation acquired holdings located in the famous Cherokee Basin – a rich oil and gas region in northeastern Oklahoma and southeastern Kansas that covers 15 counties. Through this acquisition we have increased our overall footprint in the oil and gas industry and significantly strengthened value for shareholders in UNRG. The oil from this acquisition is sold to a local refinery while the natural gas travels to markets throughout the Midwest via major interstate pipeline systems.
Cherokee Basin holdings are part of United Energy Corporation’s 1,100 miles of natural gas pipelines, more than 2,700 wells, and over 300,000 acres of leasehold operations in TX, OK, KS, and LA. The Company’s corporate strategy includes obtaining gas reserves in the Cherokee Platform with natural gas storage inventories combined with undiscovered coalbed gas.
The US Geological Survey’s assessment in 2015 of recoverable petroleum resources in the Cherokee Platform Province areas (which includes the Cherokee Basin) validated United Energy’s decision to pursue this acquisition and increase the breadth and depth of the Company’s assets.
Cotton Valley Compressor Station
We are in the process of reactivating our Cotton Valley large natural gas compressor station which feeds into Southern Star Gas Pipeline Company. This compressor station is a vital component in moving natural gas from production well sites via a pipeline network to end users.
A transmission compressor carries the natural gas across state lines through wide-diameter pipelines (24-48 inches). Pressure must be manipulated to maintain constancy as natural gas travels through the pipeline. Natural gas is compressed and pushed through the pipeline at an optimum pressure (800 to 1,200 psi) to ensure a regulated flow before it enters an Interstate Transmission System pipeline.
From production sites to end markets, natural gas is transported from one state to another. Compressors provide a boost in pressure every 40-70 miles along the way as needed. An interstate compressor such as the one in Cotton Valley requires 4-5 acres of land. Part of the interstate system is owned by Southern Star that has continuously provided pipeline service for over 100 years. Within America’s heartland, Southern Star owns and operates approximately 5,800 miles of natural gas transmission pipeline and 42 compressor stations.
$UNRG Operational Responsibility
United Energy embraces comprehensive engineering and production practices that protect the environment and reduce costs. As we carry on our tradition of commitment and responsibility to our people, we are no less invested in their safety, the environment, and sustainability.
Lean exploration and production of natural gas and oil is driven by a national effort toward an independent and self-sustaining society. The very components that make an enterprise successful are the same principles that will make our country prosperous – a high level of personal and business ethics, unity, resilience, individuality, determination, and practicing sound financial decisions.
EXPLORATION & PRODUCTION
As a result of the pandemic, we divested of lesser performing non-core assets and marginal oil producing leases in order to position our company for success in the Williston Basin in North Dakota and Montana.
United Energy has invested heavily in cleaner, more reliable forms of energy production with its Natural Gas asset base in Oklahoma. United Energy is also a minority interest owner in a 6.9M barrel oil storage facility being developed 14 miles from the Gulf of Mexico.
By providing reliable, accessible, and affordable energy within our borders and beyond, we are sowing now to reap an abundant reward of energy in the future.
TECHNOLOGY
As energy demands grow worldwide, United Energy’s offering exemplifies future potential oil and natural gas production for decades to come.
United Energy has also invested in and acquired the license to a micronizing technology that could revolutionize Oil Shale development.
Advances in technology legitimatized tapping unclaimed resources more economically and safely than ever before. Escalating recovery of leasehold acreage results in cost efficiency and enhanced production capabilities.
RESERVE STORAGE
With an increased capacity to access oil and natural gas reservoirs, the United States is well able to reduce our dependency on foreign supply. As the pandemic clearly exposed, we are not yet independent enough from a reliance on oil and gas from outside our own country, or even our own continent.
The well-developed oil-storage industry allows companies to purchase and receive oil when the price is low and store it until the price is higher.
United Energy owns a minority interest in a planned oil storage terminal facility in Louisiana with 6.8M barrel of oil initial storage capacity 14 miles from the Gulf Coast.
$UNRG Strategy
United Energy is a trusted energy partner with a proven track record of integrity, efficiency, and the highest standards in the industry.
Our approach is to scientifically identify and evaluate trends for solid opportunities while mitigating risks. We maintain a disciplined strategy in execution, all the while positioning the company for future growth.
Along with our substantial holdings, acquired since our founding in 1971, we have proven our merit as an innovator in the natural gas and oil industry. As we continue to bring our stakeholders value and profitability, we strive to respect, safeguard, and revere the environment and communities by adhering to strict standards of health and safety.
These endeavors form the foundation of our asset optimization to bring value to our workforce and stakeholders in an environment of safety, productivity, profit, and growth. Sustained financial strength is always based on sound leadership.
Our commitment to investing in superior infrastructure allows for rapid, profitable growth while ensuring conscientious sustainability. Maintaining transparency and responsible leadership permits us to continually build better relationships, increase business performance, and create trusted partnerships.
$UNRG TEAM…
Brian Guinn - Chairman & Chief Executive Officer
Mr. Guinn oversees, and directs the investment strategy for the company’s acquisition and development activities throughout Texas, Oklahoma and Kansas. Mr. Guinn has worked in the oil and gas industry since 2003. He has served as President and Chief Financial Officer for several oil and gas operators. During his tenure, Mr. Guinn has planned and executed the acquisition and development strategy for over 50,000 acres of oil and gas leasehold throughout Texas. In addition, Mr. Guinn has over 14 years in the securities industry and has held positions as President, Chief Executive Officer, and Chief Compliance Officer for two FINRA Brokerage Firms. Mr. Guinn graduated from the University of Texas at Dallas with a Bachelor of Science degree in Economics and Finance.
Rick Coody–Chief Operating Officer
Mr. Coody has over 35 years of energy industry experience including asset acquisitions and divestitures, field operations, project development and field management. He spent his first 14 years in the oil & gas industry working at Schlumberger in the pressure pumping sector, primarily fracking services. He has owned and operated his own oil and gas leases since 2002 and has worked as a consultant for several oil & gas companies in Oklahoma and Kansas, as well as international clients in China, Canada, and Mexico. Mr. Coody has owned and operated his own well service and roustabout company as well as oil field equipment manufacturing, which he sold to Varco in 1998. Mr. Coody has been involved as a consultant or an operator in drilling over 150 oil wells and reworking over 300 wells. In 2004 he founded PEMCO, a petroleum energy management company located in Tulsa, Oklahoma that specializes in oil & gas asset acquisitions, operating oil & gas properties, drilling programs, and project management. Mr. Coody is a lifetime member of the Society of Petroleum Engineers. (SPE 3219239)
Terry Carroll – Chief Technical Officer
Mr. Carroll has over 40 years of experience in the oil & gas industry focusing on the evaluation, acquisition, development and operation of oil and natural gas assets located in Kansas and Oklahoma. He has supervised and provided daily management for oil field operations for numerous public and private energy companies, partnerships, and individual investors. He has been directly involved in drilling and completing thousands of oil & gas wells; constructing, operating, and maintaining hundreds of miles of natural gas gathering pipeline, compression and dehydration facilities; cumulatively producing more than 15 Billion Cubic Feet of gas and over 750,000 Barrels of oil. Mr. Carroll served as President, CEO and CFO of United States Exploration, Inc., a public company engaged in oil & gas exploration, development and operations. During his tenure as president, the Company went from a listing on the "Over the Counter" exchange to a listing on the NASDAQ exchange. The Company was purchased by a private company in February of 2004. Mr. Carroll has a BS degree in Business Administration and Finance from California State University, Hayward.
$UNRG United Energy Announces Engagement of Investment Bank
Tuesday, July 19, 2022 1:30 AM
https://www.unrgcorp.com/
PLANO, TX / ACCESSWIRE / July 19, 2022 / United Energy (OTC PINK:UNRG), a diversified oil and gas producer based in Plano, TX with a 50-year history in the energy, manufacturing, and mining industries, announced today that it has engaged Paulson Investment Company, LLC, a highly esteemed investment banking firm with nearly 50 years of operations, to highlight and expose UNRG to the investment community.
Paulson Investment Company, LLC has earned national distinction as a premier boutique investment bank. Focusing on the small to mid-cap markets, they participated in more than 175 public and private offerings while raising over $1.2 billion in the financings. They concentrate their efforts on limited access private equity offerings.
Brian Guinn, UNRG President and CEO, declared, "We are very pleased to engage Paulson as a significant first step to a long-term successful investment banking relationship. We believe UNRG's market cap is highly undervalued and offers a unique value opportunity to their clients. We expect the Company to scale and grow aggressively because of the long-term expected demand of natural gas, both domestically and internationally."
This extremely significant partnership will allow UNRG to leverage Paulson's strong network of investors in order to expand UNRG's current operations and provide the continued exposure needed to achieve its ambitious future milestones, including preparing United Energy for its filing to become a fully-reporting SEC company on a major exchange."
About Paulson Capital Corp
Paulson Capital Corporation is the parent company of Paulson Investment Company, Inc. Headquartered in Portland, Ore., Paulson Investment Company, Inc. is a boutique investment bank and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten over 170 securities offerings and has generated more than $1.2 billion for client companies.
For more information on United Energy Corporation, visit www.unrgcorp.com.
$UNRG has all the makings of a NASDAQ stock. I think the next step will be quickly going to OTCQB
$UNRG Excited to see the next Q!
Soooooo undervalued
OIL AND GAS ONSHORE MARKETS
EXCEL Midstream Solutions offers comprehensive services to complete regulated and non-regulated pipeline projects throughout the United States including: shallow water, wetlands, coastal marsh and cross country.
PIPELINE
Route reconnaissance and evaluation
Definitive scoping and cost estimating
Regulatory and permitting submittals
Well connects and gathering systems
Transmission systems
Utility relocations
Launcher and receiver assemblies
Directional drill crossings
Leak detection
Process controls and automation
Survey and mapping
PIPELINE FIELD SERVICES
Pipeline rehabilitation guidelines
Class location studies
Baseline assessment plan development/updates
Engineering, design and CAD drafting for make-ready and conversions
Mapping and Geographic Information Systems (GIS)
Field audits for encroachments, exposure and washouts
EXCEL Midstream Solutions offers extensive experience for executing projects ranging from conceptual development through construction and commissioning. We provide midstream solutions and project services ranging from: single well facilities, gathering systems to major transmission pipelines, including treating and processing, compression, meter and pump stations, bulk terminal and loading facilities.
PROJECT SERVICES
Project management and administration
Project controls, cost estimating and scheduling
Materials management, procurement, expediting and vendor documentation
Vendor inspection and factory acceptance testing
Process modeling, hydraulic modeling and surge analysis
Multi-discipline engineering, design and CAD drafting
Mapping and Geographic Information Systems
Environmental permitting and studies
Regulatory and construction permitting
GPS data collection and survey
Title search and right-of-way acquisition
Construction damage resolution
SPECIALTY SERVICES
Turnkey EPC project solutions
PSM compliance, PHA/HAZOP programs
PLC, flow computer and HMI upgrades
Supervisory control and data acquisition
CONSTRUCTION MANAGEMENT AND INSPECTION SERVICES
Construction execution plans and strategies
Safety planning and audits
Construction supervision and inspection
Subcontractor management
Claim negotiation and settlement
As-built data acquisition
Project documentation
Commissioning and startup support
Pressure test plans and hydrostatic test water withdrawal and disposal permits
DEVELOPMENT SERVICES
Acquisition support, evaluations and due diligence
Strategic planning and contracting strategies
Capital cost estimates and cost/risk analysis
Life cycle cost analysis and tariff/rate development
Conceptual engineering and FEED studies
Preliminary routing, route evaluation and constructability reviews
EXCEL Midstream Solutions is a full-service provider offering project solutions to midstream energy sector clients for new capital, rehabilitation, relocation and expansion projects. We provide an extensive service offering for both regulated and non-regulated pipeline and facility projects. Our capabilities range the full cycle of your project:
Conceptual development
Multi-discipline detailed engineering and design
Procurement
Construction
Maintenance
Fabrication
We are an affiliate of EXCEL, whose capabilities include construction, fabrication, and maintenance for the oil and gas industry. EXCEL is a privately held company founded in 1983 with multiple locations in the gulf coast region. EXCEL currently has over 2500 full-time employees.
EXCEL Offices:
Prairieville, Louisiana
Gonzales, Louisiana
Houston, Texas
Freeport, Texas
Lake Jackson, Texas
Nederland, Texas
Paducah, Kentucky
https://www.excelmidstream.com/
In conjunction with the acquisition, UNRG also announces it has engaged EXCEL Midstream Solutions, Inc. of Houston, Texas as its strategic design, permitting, and engineering partner. EXCEL provides premier civil, structural, mechanical, fabrication, electrical and instrumentation engineering, construction, and maintenance services. Their dedication to safety, stellar quality, and highly skilled professionals sets them apart in the industry. EXCEL's current roster of exclusive partnerships represents a critical service providing affordable fuels and power along with significant sustainability and carbon reductions. EXCEL has commenced the initial due diligence, engineering, facilities design, and permitting efforts, estimating that construction for Phase 1 can begin as early as Q3/Q4 2023 and Q1/Q2 2024 for Phases 2 and 3.
PLANO, Texas, Aug. 5, 2022 /PRNewswire/ -- United Energy (OTCMKTS: UNRG) -- United Energy Corporation today announced 100% acquisition of Integrity Terminals, LLC., adding to UNRG's previous minority ownership stake of 12%. According to Brian Guinn, UNRG CEO, "As a wholly owned subsidiary of UNRG, full ownership and operational control enables UNRG to implement aggressive plans for the project's completion while increasing shareholder value. Profitability. Responsibility. Sustainability. These are the hallmarks of our corporate mission."
Nice green close on very little volume. Imagine when more eyes get on this!!
Oh you mean you don’t understand when someone buys a stock they want it to go up so they are positive??? Ahhhh I get it
Hahahaha right???
Yea they don’t seem to have much influence on this but yes it’s QUITE obvious
Looking great here, despite the poor effort to change the direction. LOVE IT!!
Looking good brother!! Keep it up. : )
Based on the bid growing in size and in price I’d say we are very close to a nice explosion
$UNRG
$UNRG UNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS
United Energy Corporation (PRNewsfoto/United Energy)
NEWS PROVIDED BY
United Energy Corporation
Aug 05, 2022, 09:00 ET
SHARE THIS ARTICLE
PLANO, Texas, Aug. 5, 2022 /PRNewswire/ -- United Energy (OTCMKTS: UNRG) -- United Energy Corporation today announced 100% acquisition of Integrity Terminals, LLC., adding to UNRG's previous minority ownership stake of 12%. According to Brian Guinn, UNRG CEO, "As a wholly owned subsidiary of UNRG, full ownership and operational control enables UNRG to implement aggressive plans for the project's completion while increasing shareholder value. Profitability. Responsibility. Sustainability. These are the hallmarks of our corporate mission."
UNRG has also acquired the option to purchase a total of 686 acres of land located in Iberville Parish, Louisiana. The land's purchase is subject to due diligence studies and permitting approvals prior to closing on the property.
UNRG engages EXCEL Midstream Solutions, Houston, Texas as its strategic design, permitting, and engineering partner.
Integrity Terminals is a planned greenfield facility and sophisticated bulk storage import/export project strategically located in Louisiana's Gulf Coastal area along the Mississippi River. This corridor connects U.S. oil and gas suppliers with domestic and international markets. The world-class and technologically advanced, multi-functional facility will store, blend, and distribute petroleum products, crude oil, biofuel, green energy, and non-petroleum compounds. Phase 1 will focus on rail storage and transport. Phases 2 and 3 will incorporate deep-water and barge access, bulk storage, and more complex rail rack and rail storage systems.
This ambitious project will reduce dependence on foreign sources and interrupted supply chains. Leveraging connectivity to key refineries, pipelines, and the country's network of highways, integrated terminals provide logistical and wholesale oil and gas distribution solutions. The terminal will embrace eco-friendly, LEED® certified building practices, relying heavily on carbon capture and vapor recovery technologies (with the goal of carbon neutrality), contributing to a cleaner, healthier environment.
In conjunction with the acquisition, UNRG also announces it has engaged EXCEL Midstream Solutions, Inc. of Houston, Texas as its strategic design, permitting, and engineering partner. EXCEL provides premier civil, structural, mechanical, fabrication, electrical and instrumentation engineering, construction, and maintenance services. Their dedication to safety, stellar quality, and highly skilled professionals sets them apart in the industry. EXCEL's current roster of exclusive partnerships represents a critical service providing affordable fuels and power along with significant sustainability and carbon reductions. EXCEL has commenced the initial due diligence, engineering, facilities design, and permitting efforts, estimating that construction for Phase 1 can begin as early as Q3/Q4 2023 and Q1/Q2 2024 for Phases 2 and 3.
Forward-Looking Disclaimer
https://twitter.com/UNRGCorp
Media Contact:
Kimberly Stillwagon
uecorpinfo@gmail.com
214-901-5453
Investor Contact:
Brian Guinn
info@unrgcorp.com
469-209-5829
SOURCE United Energy Corporation
Stay on topic
“Saw” : )