Articles from Howard Energy Partners

Howard Energy Partners (HEP) today announced that its chief executive officer, Mike Howard has been appointed to the National Petroleum Council (NPC) by Secretary of Energy Chris Wright.

Howard Midstream Energy Partners, LLC (the “Company”) today announced that it is commencing an offering (the “Offering”) of $600 million of senior notes due 2034 (the “2034 Notes”). The 2034 Notes will be issued in a private offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

Howard Energy Partners (HEP) announced today that it has published its second Positive Energy Report. The 2024 report highlights HEP’s core values, the state of the business, and advocates for global energy development. The full report can be found here.

Howard Energy Partners (HEP) today announced that it has closed on the acquisition of equity interests in Midship from a subsidiary of Cheniere Energy, Inc. The 200-mile FERC-regulated natural gas transmission pipeline is located in the heart of the SCOOP and STACK plays in Oklahoma’s Anadarko Basin. Beginning in Kingfisher County, Oklahoma and terminating near Bennington, Oklahoma, the 36-inch Midship Pipeline connects natural gas production from the SCOOP/STACK to growing Gulf Coast and Southeast demand markets via several strategic interconnects. HEP is assuming operatorship of the Midship Pipeline, which has a current capacity of 1.1 billion cubic feet per day (Bcf/d), expandable to 1.4 Bcf/d. This acquisition closes out a record-breaking year for HEP with over $1.1 billion in M&A in 2024.

Howard Energy Partners (HEP) today announced that it has closed on the purchase of EPIC Midstream Holdings’ ethylene pipeline. The 120-mile, 12-inch, bidirectional pipeline provides critical ethylene transportation, connecting Gulf Coast Growth Venture’s petrochemical complex in Corpus Christi to storage facilities in Markham, Texas. In addition to increasing HEP’s overall footprint in the Gulf Coast region, the newly acquired ethylene pipeline offers unique synergies with HEP’s existing Javelina Plant, a treating and fractionation plant that extracts olefins, hydrogen, and natural gas liquids (NGLs) from the gas streams produced by local refineries.

Howard Midstream Energy Partners, LLC (the “Company”) today announced that it is commencing a cash tender offer (the “Tender Offer”) for any and all of its $400 million outstanding 6.75 percent senior notes due 2027 (the “2027 Notes”).

Howard Energy Partners (HEP) announced today that Dr. Kasi McCormick has joined the company as Senior Vice President, Organizational Effectiveness and Integration. As a member of the executive management team, McCormick will lead cross-functional strategic initiatives that support the company’s objectives and long-term goals, advancing collaboration between departments, and enhancing internal change management capabilities and procedures. McCormick brings more than fifteen years of strategic planning and program development experience, having served in several leadership roles for United Way of San Antonio and Bexar County (United Way).

Howard Energy Partners (HEP) announced today that Richard Sherrill has joined the company as division President of Howard Low Carbon Solutions.

Howard Energy Partners (HEP) today announced that it completed approximately $800 million in growth projects in 2023, consisting of new major pipelines and processing facilities in the most active oil and gas producing basins in the United States and new storage and logistics facilities for renewable diesel on the Texas Gulf Coast. The Company also achieved record volumes in 2023, with current average natural gas throughput of over 2.5 billion cubic feet per day (Bcf/d) and current average terminalling throughput of more than 160,000 barrels per day (bpd), representing a 7 percent and 25 percent increase in volumes over 2022, respectively. The expansion projects and associated ongoing 24/7 operations were completed while achieving a perfect safety record to date in 2023.

Howard Energy Partners (HEP) today announced that Dr. Scott W. Tinker was appointed to HEP’s Board of Directors (“Board”).

Howard Energy Partners (“HEP”) announced today that Kelly McBeth has joined the company as Vice President of Government Relations. McBeth has more than 20 years of Texas lobbying experience focused on energy, water, and electricity policy. She will be implementing legislative and governmental strategies that advance HEP’s interests before state and federal legislatures, regulatory agencies, and trade associations. McBeth established Texas Energy Lobby in 2008 and began representing HEP in 2012.

Howard Energy Partners (HEP) today announced that it has been selected for a $3 million funding opportunity through the U.S. Department of Energy’s (DOE) Carbon Capture Technology Program. The federal funding will be used to evaluate the technical and economic feasibility of transporting up to 250 million tons per year of CO2 from multiple sources in the Gulf Coast region along a pipeline pathway between Corpus Christi, Texas and the Mississippi River. HEP was one of only three projects selected to focus on Front-End Engineering Design (FEED) as part of the DOE’s investment to bolster the nation’s carbon management capabilities.

Howard Energy Partners (HEP) today announced that Steve Mawer was appointed to HEP’s Board of Directors (“Board”) effective April 4, 2023

Howard Energy Partners (HEP) today announced that GRESB has awarded the company a five-star ESG rating, a top-tier classification which is based on HEP’s overall score relative to the other 648 companies participating in the assessment. HEP also scored in the top 10 percent of all private companies who participated in the GRESB assessment and was named the 2022 Most Improved in Infrastructure. Additionally, the company achieved the highest Performance Score in the infrastructure assessment, which is based on HEP’s energy use, emissions data, environmental record, and health and safety of employees, the environment and the public.

Howard Energy Partners (HEP) today announced the appointment of Herbie Goldstein as Senior Vice President and Chief Financial Officer. In his new role, Goldstein will be responsible for all finance and accounting functions of the company, including strategic planning, corporate development, capital origination, investor relations, financial reporting, and tax.

Howard Energy Partners (HEP), through its joint venture, Dos Caminos, LLC ("Dos Caminos"), today announced plans to expand its capabilities to gather, treat and transport natural gas produced from the Austin Chalk and Eagle Ford shale plays in and around Webb County, Texas. Dos Caminos is a joint venture between HEP and an affiliate of Eagle Ford Midstream LP (EFM).

Howard Energy Partners (HEP) announced today that it has closed on a series of strategic financing transactions (the “Transactions”), including its inaugural senior unsecured notes offering and an extension of its $1 billion revolving credit facility. The company priced $400 million of 6.75% senior unsecured notes due 2027 (the “Securities”) at par. Pro forma for the Transactions, the company has over $600 million of available liquidity and a long-term structure to prudently access institutional debt capital.

Howard Energy Partners (HEP) is pleased to announce that it has been named by GRESB as the Most Improved in the 2021 Infrastructure Assessment.

Howard Energy Partners (HEP) today announced that it has executed long-term agreements with Diamond Green Diesel (DGD), a 50/50 joint venture between Valero Energy Corporation (NYSE: VLO) and Darling Ingredients Inc. (NYSE:DAR), and plans to significantly expand its Port Arthur, Texas terminal facilities to support DGD’s recently announced plant, a 470-million-gallon-per-year renewable diesel production facility to be located at Valero’s Port Arthur refinery. Engineering, permitting, and construction on HEP’s Port Arthur facility expansion has begun, with an in-service date coinciding with the startup of DGD’s new plant.