Meridian Energy Group Inc.

04/07/2023

Know your facts about :

Oil, natural gas & coal provide 80% of American energy

At the start of this year, the oil & gas industry was responsible for 12.3 million American jobs

04/05/2023

Check out some of the progress being made in Belfield, ND with The Davis Refinery. The first full-conversion, modern “greenfield” refinery will work with longer operating cycles and higher outputs compared with other refineries that were built decades ago.

04/03/2023

Welcome to all our newest Board Members: John Kamps, Greg Kessel, Richard Palaniuk, and Thomas Skwarek to our Board of Directors.

Excited to have you all and looking forward to creating BIG things in the industry.



Read all about our newest members of the Meridian Board of Directors:

We are focused on the development of innovative and environmentally-compliant oil refining facilities. William C. Prentice Chairman of the Board and Chief Executive Officer Mr. Prentice is the Chairman and CEO of Meridian Energy Group, Inc., and is directing its design, construction and operation of...

07/21/2022

“We decided to focus on a refinery that incorporated everything that was now available as far as technology is concerned and incorporated into a smaller refinery that meets all of the federal requirements for emissions but is actually permitted under state jurisdiction, giving us the ability to go to other states relatively quickly.”

William Prentice, CEO Meridian Energy Group on The Crude Life with Jason Spiess

https://bit.ly/3uYsfVc

Meridian Energy, refineries, Jason Spiess, William Prentice, oil and gas, climate change, Mike Wirth, Kevin Cramer

06/09/2022

Interesting piece in last week’s Oil & Gas Investments Bulletin:

“Bank of America is calling this ‘the golden age’ of refiners. You would have been hard pressed to see that coming – refiners have been a beleaguered group for years. But now I gotta admit, there are a bunch of reasons to think that refiners will be in the catbird seat for some time to come.”

bit.ly/39fK766

06/08/2022

Given that the overwhelming majority of US refining capacity is limited to handling heavy crude, we are forced to import from heavy crude sources like Russia and Canada.

We need to re-invent the US refining industry so that all of US production is cleaner than overseas crude for refining. As the industry heats up and the demand for refined light sweet crude heightens, Meridian is taking steps to not only complete its near-term funding, but also increase the capacity of the company to capitalize the additional refineries that we need to build.

https://bit.ly/3NuwAGh

If insufficient refinery capacity is keeping gas prices high, then releasing crude oil from the Strategic Petroleum Reserve won’t help much.

05/10/2022

"Geopolitical dynamics should support U.S. refiners on wide natural gas spreads, though some impacts may be less visible with first quarter earnings than in future quarters," said Jason Gabelman, refining analyst at Cowen.

https://reut.rs/3vFMV50

U.S. oil refiners expect strong first-quarter earnings as margins to sell gasoline and diesel strengthened due to a steep dropoff in refining capacity and crude oil supplies tightened because of Russia's war with Ukraine.

05/06/2022

According to a recent BofA Global Research report, analysts at the company noted that they believed “the U.S. refining industry was on the cusp of a new ‘Golden Age’, characterized by a reset in sustainable ‘mid-cycle’ refining margins disproportionately advantaged vs international peers on multiple levels.”

https://bit.ly/3yfT8Gv

The refiner golden age starts now, according to BofA Global Research.

04/07/2022

Warren Buffet’s Berkshire Hathaway Inc. purchased 18.1 million additional shares of Occidental Petroleum Corp. This further expands its preferred stake in the oil producer when it invested $10 billion to help Oxy’s Anadarko acquisition in 2019.

https://yhoo.it/3LudcZ4

(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. snapped up 18.1 million additional shares of Occidental Petroleum Corp., giving the conglomerate a 14.6% stake in the oil giant. Most Read from BloombergPutin Vows to Rid Russia of ‘Traitors’ While Waging Ukraine WarRichest Russian Built ...

04/06/2022

It’s not just about looking good, it’s about being good. Meridian has been driven by ESG principles from day 1, with a team incentivized not merely by profit margins, but by carbon footprint reduction, sustainability and key social factors. And investors are taking note.

https://bit.ly/3J1GYmv

Chipotle, McDonalds, Caterpillar, and other companies are increasingly tying executive pay to environmental, social, and governance goals as more investors, regulators, and activists scrutinize corporate behavior.

03/23/2022

Meridian is the innovative energy-transition leader in clean-tech crude oil refining and is the only ESG pure-play in the refinery industry. The Davis Refinery will be the cleanest refinery in the world, with 1/8th overall air emissions and

In connection with its mission to develop and operate the world’s cleanest and most technologically advanced oil refineries in the world, Meridian works with its suppliers, customers, contractors, financiers and partners to identify, assess and manage environmental and social risks and impacts on ...

03/10/2022

Capital Markets have recovered from the 2019/2020 crisis and investors are seeking responsible sustainable energy-transition investment opportunities. Morgan Stanley is proceeding on the Davis project financing as Davis prepares to tap long-term institutional investors. Davis is shovel-ready - all permits are in place and were successfully defended in court and all necessary commercial relationships are in place

https://bit.ly/3ojHTG7

Shareholder Information Meridian Energy Group, Inc. was formed to change the refining segment of the energy industry – a business that is increasingly identified with pollution and other environmental damage. Acting as an aggressive agent of change to bring refining into environmental and social c...