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TACenergy is a Dallas, TX-based independent wholesale fuels distributor of refined petroleum products. With an annualized fuel volume in excess of 1.5 billion gallons, TACenergy has a vast terminal supply network and regional sales offices across the country. Customers include gasoline and diesel retailers, industrial users, transportation, oil & gas, waste disposal & recycling, trucking, government, utilities, mining, construction, plus any other commercial user or reseller of fuel.
KC Wellsite is a Calgary, AB-based company in the Energy & Utilities sector.
ONECommunicationsIntl is a Benson, MN-based company in the Energy and Utilities sector.
Our purpose is to assist in fueling North America’s energy requirements guided by relentless focus on our six imperatives. Honesty, integrity and commitment are vital to driving our growth and success. We maintain a high standard of business practices which translate into unparalleled value for our shareholders. To achieve our mission, we will conduct our business with these six responsibilities in mind: obey the law, stimulate economic growth, be environmentally responsible, expand opportunities for our employees, respect our vendors, and reward our shareholders. To date, the main focus of the Company has been the acquisition of low cost assets with significant development potential. The Piqua project in Kansas had been lightly developed when acquired, and its low-cost drilling and solid financial return is providing a repeatable and low-risk facet of the Company’s growth strategy. Drilling to date has been 100% successful with an average 10 months to payout of drilling expenses incurred. Reserve valuations have increased from less than $1.0 million to almost $3.0 million in the two years the Company has owned the property. The Bakken lands in Divide County, North Dakota, carry a steep development cost with wells ranging from $6.0-$8.0 million each. As a result, Legend has monetized the acreage while retaining a royalty interest, which allows the Company to continue to participate in the revenue generated through the drill bit, without any additional cost incurred. The royalty continues on the land indefinitely. As drilling on the acreage is still some time away due to priorities of the majority owners, the conversion of our interest to a royalty for Legend is currently unpredictable. Legend will participate in the revenue stream when the wells get drilled. As a non-operator, Legend will utilize the expertise and logistical capabilities of larger companies, without encumbering its balance sheet with expensive rig contracts and extraneous expenses. Legend’s Canadian acquisition affords it the opportunity to enjoy a stable production base coupled with an abundance of undeveloped land with access to a number of low-risk oil development projects. Although the Company has sold a number of smaller production properties, it still maintains a high working interest and solid production and revenue on its remaining assets. Due to saturated drilling around the Company’s Swan Hills property, reserves were drained before Legend could drill a well there. The Company was however able to monetize the small land position for a value in excess of $200,000 per flowing barrel.
DCP Midstream, LLC, is a private company jointly owned by Phillips 66 and Spectra Energy, with headquarters in Denver, Colo. DCP Midstream leads the midstream segment as the largest producer of natural gas liquids and the largest natural gas processing company in the U.S., with an enterprise value of $11 billion. DCP Midstream is the largest oil and gas company in Denver, as ranked in the Denver Business Journal in 2015. DCP Midstream also operates its wholesale propane business segment under the name Gas Supply Resources. DCP Midstream operates primarily in 16 states: Alabama, Arkansas, Colorado, Kansas, Maine, Massachusetts, Michigan, New Hampshire, New Mexico, New York, Oklahoma, Pennsylvania, Texas, Vermont, Virginia, and Wyoming. The DCP Midstream enterprise owns or operates gathering and processing systems in major basins and a major wholesale propane business in the northeastern U.S. Its gathering systems and processing plants are connected to multiple interstate and intrastate natural gas pipelines. The DCP enterprise owns or operates 61 plants, 12 fractionating facilities and approximately 64,300 miles of NGL, gathering and transmission pipeline (stats YTD as of September 2016). The DCP enterprise gathers and/or transports more than 6.7 trillion British thermal units per day of natural gas and produces approximately 400,000 barrels per day of NGLs.* The DCP enterprise has 2,700 employees across the U.S. We’re deeply invested in career development for the long term. We offer competitive compensation and broad benefits including 401K match, wellness focused medical, tuition reimbursement, employee-matching charitable gifts and much more!