The effective date of both sales is April 1. Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition in the US, UK, and Australia. Forms to correct either of these are available for you on this website. Standard Solar is powering the nations energy transformation channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. 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. We require a Lost Check Affidavit, signed by you, the owner, in order to take appropriate action. As properties age, there is a normal trend for production to decline. December 01,2021 : Scout Energy Management Llc completed the TARRANT COUNTY WATERBOARD 18X well in Wise,TX. Day-to-day operations are managed by Scout employees and field-level staff. 2 min read. It is important that you keep your address current with Scout Energy. Please review and chose which box resembles your independent situation. / / Lifetime output: 46398.6MWh Power 27,632T CO2 saved This documentation must be recorded in the county where the property is located in order for us to change the owner name. The Well flowed 0.63 MMcf of gas . 13800 Montfort Dr. #100 We fully expect Scout to feature prominently in the US renewables landscape in the coming years.. We underwrote both transactions without the benefit of the Inflation Reduction Act so the additional incentives now available represent a significant boost to each business, said Connor Teskey, CEO of Brookfield Renewable. Scout is a portfolio company of Quinbrook Infrastructure Partners. 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. Please see the below for a list of commonly asked questions along with the complete list of wells acquired by Urban. Website: www.scoutep.com These documents must be recorded in the county and state where the interest resides and mailed to: 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.. 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 . Provide an assignment or deed document of conveyance that has been recorded in the county and state where the interests reside. Assets are owned and operated in-house through the firms extensive in-house technical, operating and financial staff. Scout targets mature, long-lived existing production primarily in conventional onshore basins throughout the United States. Brookfield Renewable operates one of the worlds largest publicly traded, pure-play renewable power platforms. If your address has also changed, please provide your new address as well, using the address change form. Scout is designed for institutional limited partners. Use the Analysis Results page to view interactive results . 5775 Flatiron Parkway, Suite 120 Meet RNCH-WTG008, our busiest wind turbine. scout clean energy is a renewable energy developer and owner-operator headquartered in boulder, colorado with approximately 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 John Baschab Managing Director and General Partner 3 million vertical ft. skied annually. Scout Acquisition 7 months ago Updated Follow Urban Oil and Gas Group, LLC ("Urban") has acquired certain non-operated interests from Scout Energy Management LLC ("Scout") in wells located in Carbon and Emery Counties, Utah. Sharon Henning, Jackson County Chamber of Commerce. December 30, 2021 Anne Fischer Acquisitions Markets & Policy Illinois United States Image: Blue Sky Solar Share The Company's most targeted sectors include renewable energy (100%). Subscribe Now X We're hiring! Scout Energy Solutions purpose is to advance cutting edge Thermal Energy Storage and Production technologies. Scout is a tool for estimating the energy and carbon impacts of various energy conservation measures (ECMs) on the U.S. residential and commercial building sectors. Additional information can be found here Estate Instructions Check List. They don't care about employees! NEW YORK--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (Quinbrook), a specialist investment manager focused exclusively on new infrastructure needed for the energy transition, announced today the execution of binding contracts for the sale of its portfolio company, Scout Clean Energy (Scout), to Brookfield Renewable for c. US$1 billion in cash on completion. Phone: 972-277-1397 We offer the opportunity for our owners to receive their revenue/royalty payment via direct deposit (electronic funds transfer). M&A Summary Total Sectors Invested conventional oil and gas properties for institutional investors. Attention: Owner Relations Attention: Owner Relations You will need to email the Direct Deposit request to ownerrelations@scoutep.com Instructions will be sent to you in a reply email. Scout Energy Partners is an upstream energy investment group. Dallas, TX 75240. You are just a mule to them. 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 is a renewable energy company that operates and develops wind, solar, and renewable power projects. Since establishing its first institutional fund in 2011, Scout, which focuses on upstream oil and gas investments for institutional partners, has completed more than 50 acquisitions with over. To date, the firm has grown to over $2 billion in acquisitions and produces over 110,000 boepd across 4+ million acres from 660+ mmboe of reserves. 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. These negative amounts must be subtracted when calculating your total. We underwrote both transactions without the benefit of the Inflation Reduction Act so the additional incentives now available represent a significant boost to each business. Evolving to offer the best of both worlds. 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). 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.. Overview. Our two companies share a mutual passion for renewables and company cultures that recognize and amplify excellence and equity we are the ideal match, said Scott Wiater, president and CEO of Standard Solar. by editor December 30, 2021. Scout is a renewable energy developer and asset management company headquartered in Boulder, Colorado. Scout Clean Energy LLC Email: ownerrelations@scoutep.com Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Total funding of the company - $288.5M. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK and Australia. Although Brookfield Renewable believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove to have been correct. Our Operating Model Scout is not a traditional energy private equity model, where independent, branded, separately managed portfolio companies each employ a unique strategy. Let us know if there is a change of address. Attention: Owner Relations For more information, please visit www.scoutcleanenergy.com. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar. Mechanic in Masterson, TX. The Bakken assets being sold include approximately 88 wells, located mainly in Richland County, Montana, approximately 30 miles from Ovintivs primary Bakken position. Over that period, Quinbrook deployed a further US$470 million of equity capital from its managed funds and spearheaded the rapid growth of Scout into a fully integrated developer, owner and operator of a diverse and multi-technology asset portfolio spanning 1,200 MW of operational wind projects in four states, including 400 MW managed on behalf of third parties, and plans to deliver over 22 GW of wind, solar and storage projects across 24 states by the end of this decade. ", Have you ever seen your electric bill go down for multiple years at a time?, Wind energy creates new jobs, increases tax revenue, while providing additional demand for our local businesses. 13800 Montfort Dr. #100 The company will invest up to $2 billion in this acquisition October 03 Solar Brookfield Renewable, an owner, operator, and developer of renewable power, has agreed to acquire Scout Clean Energy, a renewable energy developer, for $1 billion with the potential to invest an additional $350 million to support the business development activities. When this occurs, the original payment is reversed and the new amount is paid. BCE-Mach III . 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 . We all win. (303) 284-7566. With the sales completion, Scout. The accelerated growth Scout has experienced is a direct result of Quinbrooks support and confidence in our business model. System Installation If you are happy with your quote, book your installation with your installer. Here is their address: Scout Energy Management, LLC 4901 LBJ Freeway, Suite 300 Dallas, TX. Copyright 2023 WTWH Media LLC. They make their acquisitions off employees backs by cutting their pay. See Advisors At This Firm. You will need to notify us of the owner's death and provide a death certificate. Post the transaction, Ovintiv said it will retain approximately 130,000 largely contiguous net acres in the horizontal oil-rich shale portion of the Uinta play. Scout Energy Partners pays an average salary of $139,837 and salaries range from a low of $122,008 to a high of $161,541. As an operator, Scout directly acquires, integrates, operates and improves assets throughout the life. The recorded copy provided must contain a legible registry number and/or book/volume and page. It lives in Crockett County, TX. 13800 Montfort Dr. #100 Fax: 214-292-9558 2023 Scout Energy Partners - A PRIVATE ENERGY PRODUCER. Connor Teskey, CEO of Brookfield Renewable, said, We are thrilled to be putting more dollars to work in our U.S. renewables business. Ovintiv plans to update its 2022 production and total cost guidance to reflect the impact of the asset sales with its second quarter results. The firm could. PDP reserves are 14.1 million boe and $75.2 million PV-10. 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). Dallas, TX 75240, IRS regulations require payors to withhold 24 percent of the gross proceeds from any payee who has not provided a Social Security Number or Employer Identification Number. Please contact Owner Relations. So I was pleased about that. Its headquarters is located at Dallas, Texas, USA. 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.. Scout partners with academic endowments, public and private pension plans, charitable foundations, healthcare systems, insurance and sovereign wealth pools, funds-of-funds and multi- and single-family offices. The conveyance document must be recorded in the county where the properties are located. 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 ($270 million in total net to BEP). The Scout Energy Partners annual revenue is estimated at < 1M. Reach out! 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. In certain states there is a tax allowance for wells that have a high cost for drilling and producing. The interest may be suspended pending receipt of appropriate transfer documents. Changing market conditions will cause the price to fluctuate. 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 . Brookfield Renewable has agreed to acquire Scout Clean Energy, a renewable energy developer and owner-operator based in Boulder, Colorado, for $1 billion. If you have more than one owner number, you will receive a Form 1099 for each owner number account. Scout's 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. Both Scout and Standard Solar will continue to operate as independent businesses within the Brookfield Renewable U.S. platform. 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. Scout was acquired by Quinbrook at the start-up stage in 2017 and 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. 75244 972-277-1397 Scout Clean Energy is a renewable energy developer, owner-operator headquartered in Boulder, Colorado with over 1,200 MW of operating assets. When contacting us via phone at the number above, please have your Owner Number/Business Associate Number/Payee Number ready. 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 This enables our shareholders to directly benefit from these noncore asset sales and our continuing strong performance, McCracken added in the release. Ovintiv Inc. agreed on July 6 to sell portions of its assets located in the Bakken and Uinta basins for total proceeds of roughly $250 million, which will be used to accelerate doubling of shareholder returns.