Brookfield, News, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners, announces two further investments in the U.S. renewable energy sector. Scout Energy Partners V is a 2019 vintage oil and gas fund managed by Scout Energy Partners. The conveyance document must be recorded in the county where the properties are located. Assets are owned and operated in-house through the firm's extensive in-house technical, operating and financial staff. Provide a copy of the conveyance document properly recorded in the county in which your interest is located to: Scout assets generate returns through periodic distributions and exits, and the fund provides long-term commodity price exposure to oil, gas and natural gas liquids. You will need to contact the Owner Relations Department. Scout was acquired by Quinbrook at the start-up stage in 2017 and under Quinbrook's sponsorship, has quickly established a reputation for expertise in taking utility-scale wind, solar and energy storage projects through the full development cycle, from greenfield through interconnection, permitting, commercialization, construction and operations. Fax: 214-292-9558 Scout has 20 projects under management comprising 1,235 MW, and over 20 GW of projects under development. Our development pipeline in the United States is now close to 60,000 MW and is well diversified across wind, utility-scale solar, distributed generation, and energy storage. We have exceeded our plans for investor value creation by sponsoring Scout from its infancy, and now is the right time for us to hand the business on for its next growth chapter. The Well flowed 0.63 MMcf of gas . Scouts portfolio includes over 1,200 MW of operating wind assets, including 400 MW managed on behalf of third parties, and a pipeline of over 22,000 MW of wind, solar and storage projects across 24 states, including almost 2,500 MW of under construction and advanced-stage projects. Boulder, CO 80301 Learn how Scout Clean Energy helps make this possible. Boulder, CO (December 16, 2022) -- Scout Clean Energy (Scout), a national utility-scale renewable energy developer-owner-operator, announced today that Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners have finalized a Purchase and Sale Agreement (PSA) with Quinbrook Infrastructure Partners assuming full control of Scout and all its assets for $1 billion dollars with the potential to invest in the near term an additional $350 million to support the business development activities ($270 million in total net to BEP). ECM energy, CO 2, and cost impacts are evaluated for individual ECMs or an ECM portfolio relative to a baseline or "business-as-usual" scenario. Scout is a private energy producer, focused on the acquisition of upstream energy assets and associated midstream infrastructure. Please understand that we will only answer inquiries from the individual(s) whose name(s) appear on the account or the owners legally recognized agent. The assets are located among prolific legacy fields including the Claytonville, Panhandle Oil & Gas, Slaughter, and Snyder Fields. Hours: Monday Friday 8:00 am 5:00 pm Central Standard Time Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK and Australia. These documents must be recorded in the county and state where the interest resides and mailed to: When this reduction is allowable, we reimburse the owner for severance taxes that have been withheld. Connor Teskey, CEO of Brookfield Renewable, said, at the signing of the PSA, We are thrilled to be putting more dollars to work in our U.S. renewables business. The accelerated expansion Scout has experienced is a direct result of Quinbrook Infrastructure Partners support and confidence in our business model. 5775 Flatiron Parkway, Suite 120 (303) 284-7566. Scout focuses on directly operating mature producing assets with a strong cash flow profile, identifiable operations and production improvement potential and shallow, predictable declines. Copyright 2023 WTWH Media LLC. Phone: 972-277-1397 Brookfield Renewable has agreed to acquire Scout Clean Energy ("Scout") for $1 billion with the potential to invest an additional $350 million to support the business' development activities. Please see the below for a list of commonly asked questions along with the complete list of wells acquired by Urban. Our development pipeline in the United States is now close to 60,000 MW and is well diversified across wind, utility-scale solar, distributed generation and energy storage. Brookfield to invest up to $2 billion in Scout Clean Energy and Standard Solar, $3.5 billion invested or allocated by Brookfield in North America clean energy sector this year. This news release contains forward-looking statements and information within the meaning of applicable securities laws. Owners enrolled in our Direct Deposit Program receive check detail in pdf format free of charge via a secure Internet website 24 hours a day, 7 days a week. . We have endured and overcome many challenges together, which marks this venture a resounding success on many levels. The fund is located in Dallas, Texas, and invests in the United States. Building on 18 years of sustainable growth and in-house funding and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Hours: Monday Friday 8:00 am 5:00 pm Central Standard Time The acquisition of Scout RFP will help accelerate Workday's ability to deliver a comprehensive source-to-pay solution with a best-in-class strategic sourcing offering, elevating the office of procurement in strategic importance and transforming the procurement function. 75244 972-277-1397 Scouts portfolio includes over 1,200 MW of operating wind assets, including 400 MW managed on behalf of third parties, and a pipeline of over 22,000 MW of wind, solar and storage projects across 24 states, including almost 2,500 MW of under construction and advanced-stage projects. by editor December 30, 2021. Forms to correct either of these are available for you on this website. The amount required by IRS to be reported on the 1099-Misc Form is the gross amount of your checks (before taxes or other deductions). Over the past three years, Scout has made over 70 separate oil and gas rights acquisitions, with individual acquisition values ranging from as much as $1 million per acquisition to as low as $10,000 per . Last updated: November 14, 2022. Fax: 214-292-9558 The 1,120 active operated producers . General requirements for purchase or sale of interest are as follows: Changes in payment of proceeds are accomplished by providing Scout Energy a conveyance document such as a deed or assignment. Hours: Monday Friday 8:00 am 5:00 pm Central Standard Time As of April, the combined volumes from the assets being sold totaled approximately 5,000 boe/d, including 4,900 bbl/d of oil and condensate, according to the company release. Standard Solar is a market-leading owner and operator of commercial and community distributed solar, with end-to-end development capabilities and a strong track record of delivering high-quality assets. Attention: Owner Relations Phone: 972-277-1397 Our two companies share a mutual passion for renewables and company cultures that recognize and amplify excellence and equity - we are the ideal match.. BCE-Mach III . When this occurs, the original payment is reversed and the new amount is paid. Co-led by former Bank of England Governor and Brookfield Vice Chair, Mark Carney, and Brookfield Renewable CEO, Connor Teskey, BGTF I has raised $15 billion to invest across a range of transition opportunities. With the recent passage of the Inflation Reduction Act, we believe now is the right time for Scout to move into our next phase of expansion with a highly respected and experienced partner, like Brookfield Renewable.. Mergers & Acquisitions Debt Capital Markets Institutional Equities Checking Savings & CDs Derivatives Financing Asset-Based Lending Key Equipment Finance Loans & Lines of Credit Specialty Finance Lending Employee Stock Ownership Plans Payment and Transaction Services Payables Receivables Card Services Key Merchant Services Foreign Exchange If our analysts are busy assisting other owners please, leave a message including your name, owner number, phone number, and a brief message regarding the reason for your call. 5775 Flatiron Parkway, Suite 120 Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.US$8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.US$28.7 billion or 19.5 GW of power supply capacity. Mail: Scout Energy Scout Clean Energy to be Acquired by Brookfield Renewables. Combined with our existing fleet we are well positioned for continued growth as owners and operators of one of the largest diversified clean power businesses in the country.. Occasionally adjustments must be made on revenues previously paid to you. When a correction is necessary, it could result in a negative or positive effect on your check. Attention: Owner Relations Jennifer Pflieger Tailor Made Solution With the recorded consumption data the installer can size a solar system for your. Headquartered in Boulder, Colorado, Scout today employs over 112 professionals across development, construction and operations and occupies a credible ranking amongst the leading independent renewables businesses in the US market. Scout was founded in 2009, initially working on an advisory basis to private middle market upstream operators and funds, evaluating over $1 billion in assets in the first 24 months and completing over $60 million in transactions. / / Lifetime output: 46398.6MWh Power 27,632T CO2 saved Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. Scout Energy cannot provide an appraisal as the value is a matter of opinion. Scout Energy Management LLC Operator Summary Operator Name: Scout Energy Management LLC Address: 13800 MONTFORT DRIVE SUITE 100 DALLAS, TX 75240 Production Dates on File: January 1980 to July 2022 12 Counties With Production 5.7 k Currently Producing Leases 6 k Total Leases 5.7 k Currently Producing Wells 6.6 k Total Wells David Scaysbrook, co-founder and Managing Partner of Quinbrook commented, Building Scout from a start-up into the significant and successful business it is today has been a five-year long commitment by the Quinbrook team working in a close partnership with Michael and Scout management. . Mail these documents to: High-quality jobs, payments and tax revenue, energy independence, local manufacturing not to mention a healthier planet. Scout II Scout II Scout Energy Management LLC. Chad Thompson View Scout Clean Energy (www.scoutcleanenergy.com) location in Colorado, United States , revenue, industry and description. David Scaysbrook, Co-founder and Managing Partner of Quinbrook commented, Building Scout from a start-up into the significant and successful business it is today has been a five-year long commitment by the Quinbrook team working in a close partnership with Michael and the Scout management team. Day-to-day operations are managed by Scout employees and field-level staff. Fax: 214-292-9558 Email: ownerrelations@scoutep.com DOT Pipeline Specialist - Job Description. As of an April 2020 investor presentation, Ovintiv held about 72,000 net acres in the Bakken and 222,000 net acres in the Unita Basin. Dallas, TX 75240. They don't care about employees! (303) 284-7566. To this purpose Scout Energy brings complementary Green Energy Technologies together to provide energy solutions for the Residential, Commercial, Industrial, Institutional, Utility and Transportation sectors.. We strive to provide the most advanced and efficient Green Thermal Energy . +1 (901) 331-0779 Scout Investments Inc. raised its stake in shares of Chesapeake Energy by 79.1% in the second quarter. Scout Clean Energy Acquisition by Brookfield Renewables Finalized, Scout Looks to Brookfield to Expand on their Growth and Success in the Renewable Energy Space. Starting immediately for the third quarter, Ovintiv will increase its returns to shareholders to 50% of the previous quarters non-GAAP free cash flow after base dividends. Mail: Scout Energy December 07,2021 : Scout Energy Management Llc completed the FEE S 2 well in Moore,TX. Both Scout and Standard Solar will continue to operate as independent businesses within the Brookfield Renewable U.S. platform. Its portfolio consists of hydroelectric, wind, solar and storage facilities inNorth America,South America,EuropeandAsia, and totals approximately 24,000 MW of installed capacity and an approximately 100,000 MW development pipeline. VC / Private Equity . Scout Investments Inc. now owns 1,987,803 shares of the company's stock worth $161,211,000 . Both regions are located outside of what the company considers core operating areas, which include the Anadarko, Permian and Montney shale basins. 13800 Montfort Dr. #100 Periodically Scout may acquire non-operated assets managed by an independent operator, but Scouts core focuses is on the acquisition and exploitation of operated upstream assets and associated midstream infrastructure that generate more conservative, predictable outcomes. Over 130 landowners in regional areas have benefited from long term land lease programs, and local communities hosting Scout projects have benefited from more than 3,400 local jobs supported and over US$240 million in committed financial benefits. Scout is designed for institutional limited partners. Reach out! Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Scout is an owner-operator with expertise in all aspects of renewable. Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise. When contacting us at the email address above, please include your Owner Number/Business Associate Number/Payee Number your phone number, and the nature of your inquiry so we can best serve you. Ovintiv plans to update its 2022 production and total cost guidance to reflect the impact of the asset sales with its second quarter results. Let us know if there is a change of address. With the recent passage of the IRA, we believe now is the right time for Scout to move into our next phase of growth with a highly respected and experienced partner, like Brookfield.. Scout Clean Energy has acquired in 1 US state. The Bakken assets being sold include approximately 88 wells, located mainly in Richland County, Montana, approximately 30 miles from Ovintivs primary Bakken position. Scout Energy Partners insights Based on 2 survey responses Areas for improvement Ability to meet personal goals Feeling of personal appreciation Energizing work tasks 4.0 Was an OK experience Production Specialist (Former Employee) - Tulsa, OK - September 12, 2019 It is what is required to train, move, and sustain forces, weapons, and equipment for military operations. The Uinta Basin assets are mature waterflood assets with operating expenses of approximately $35 per boe. Quinbrook acquired Scout as a start-up in 2017 for an initial investment of just US$6 million. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. private energy fund, institutional investors, asset acquisition & divestiture: SIC Code: 1389: DMA Code: Dallas-fort . Previously, the company had planned to increase cash returns to the 50% level starting Oct. 1. Please remember that it is our policy to not discuss any other owners interest even if they are a family member for security purposes. Standard Solar is an owner and operator of commercial and community distributed solar, with end-to-end development capabilities and a strong track record of delivering high-quality assets. Scout is developing a MW portfolio of over 24,000 MW of wind, solar and energy storage projects across 22 U.S. states. A partnership was established with Scouts founder and CEO Michael Rucker to create a large-scale, vertically integrated wind power producer focused on the development, construction, ownership and operational management of large-scale wind power assets diversified across multiple US states and power markets. The company said its 2022 capital guidance will remain unchanged. Investors can access its portfolio either throughBrookfield Renewable Partners L.P.(NYSE: BEP; TSX: BEP.UN), orBrookfield Renewable Corporation(NYSE, TSX: BEPC), a Canadian corporation. Brookfield owns and operates an almost 65,000 MW diversified portfolio of renewables in the U.S., One of the largest clean power businesses in the country. Payment is made as soon as complete title information is received, but not later than the terms of the lease or state statutes allow. Scout Clean Energy LLC It accounted . Subscribe Now X We're hiring! Brookfield Renewable has agreed to acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business development activities ($270 million in total net to BEP). The effective date must be listed if different from the document date; all dates must be legible. Of these projects, 8.6 GW have interconnection queue positions and 2,500 MW are in late-stage development with pending construction starts. Scout Clean Energy is a renewable energy company that operates and develops wind, solar, and renewable power projects. These negative amounts must be subtracted when calculating your total. Mail: Scout Energy 12 GW+ pipeline. Brookfield Renewable has agreed to acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business' development activities ($270 million in total net to BEP). Our development pipeline in the United States is now close to 60,000 MW and is well diversified across wind, utility-scale solar, distributed generation, and energy storage. Total funding of the company - $288.5M. The Scout and Standard Solar acquisitions follow a string of recent clean energy investments by Brookfield Renewable in North America during 2022, including a $650 million acquisition of Urban Grid, and the exclusive right to invest up to $750 million on a project by project basis with Entropy, and a joint venture with California Resource . Contact. Connor Teskey, CEO of Brookfield Renewable, said: We are thrilled to be putting more dollars to work in our U.S. renewables business. Through this acquisition, which provides additional large-scale access to capital, Standard Solar is poised for massive growth, enabling us to contribute in an even more significant way to the clean energy transition. 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