Brookfield Renewable has agreed to acquire Scout Clean Energy, a renewable energy developer and owner-operator based in Boulder, Colorado, for $1 billion. With no other bidders, the company said in. 2023 Scout Energy Partners - A PRIVATE ENERGY PRODUCER. Scout is a portfolio company of Quinbrook Infrastructure Partners. Internet Explorer presents a security risk. Define Scout (OK) Acquisition Documents. As an operator, Scout directly acquires, integrates, operates and improves assets throughout the life. If you feel that there is a problem with your check, please contact Owner Relations. 13800 Montfort Dr. #100 Cautionary Statement Regarding Forward-looking Statements. 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. Use the Analysis Results page to view interactive results . Email: ownerrelations@scoutep.com Provide a copy of the conveyance document properly recorded in the county in which your interest is located to: Dallas, TX 75240. 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). Dallas, TX 75240, Duplicates can be provided to you by fax or mail, should you misplace your form. We (other owners) all got paper checks in the mail for Jun 2018 from Scout without having to tell them anything. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK and Australia. Fax: 214-292-9558 You need to be sure that we have your current address and tax identification number. In 2021, U.S. renewable energy production reached an all-time high. Mail: Scout Energy 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. Email: ownerrelations@scoutep.com / / Lifetime output: projects in Development, This should only occur when a reimbursement of severance tax or other deductions has occurred. Scout Clean Energy is a renewable energy company that operates and develops wind, solar, and renewable power projects. The accelerated expansion Scout has experienced is a direct result of Quinbrook Infrastructure Partners support and confidence in our business model. 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. 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. Please review and chose which box resembles your independent situation. 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. The transactions will be invested through the Brookfield Global Transition Fund I (BGTF I), which is the largest fund in the world focused on the energy transition. +1 (901) 331-0779 This is to protect the confidentiality of information regarding your account. Recognized as an established financial partner with immediate, deep resources, the company owns approximately 500 MW of operating and under construction contracted assets across the United States. Companies may grow organically or through acquisition. Please see the below for a list of commonly asked questions along with the complete list of wells acquired by Urban. A family member could also have additional interests in other properties. Don't expect HR to stand up for you either. 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. Letters of Credit issued under the Facility will be used to support the development . It lives in Crockett County, TX. Quinbrook acquired Scout as a start-up in 2017 for an initial investment of just US$6 million. Our primary operating office is in Houston, Texas. 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. Scout focuses on the acquisition, operation and improvement of upstream energy assets and associated midstream energy infrastructure. Acquired by Brookfield Renewable Partners Colorado, Zacatecas, Mexico 51-100 Debt Financing Private www.scoutcleanenergy.com/ 15,274 Highlights Total Funding Amount $255M Contacts 55 Employee Profiles 5 Investors 2 Scout Clean Energy to be Acquired by Brookfield Renewables. The Well flowed 0.034 MMcf of gas . Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Phone: 972-277-1397 If your address is not correct, your check will not be forwarded by the U.S. Both Scout and Standard Solar will continue to operate as independent businesses within the Brookfield Renewable U.S. platform. Mail: Scout Energy We make every attempt to properly account for the volume and the price in accordance with your Lease Agreement and state statutes. Forward-looking statements in this news release include statements regarding the parties future expectations, beliefs, plans, objectives, financial condition, assumptions or future events or performance, including with respect to the development of Scout Clean Energys or Standard Solars pipeline and the ability of the parties to optimize value of that pipeline. You will need to contact your tax advisor regarding questions concerning your tax return. Scout is a private energy producer focused on the acquisition and operation of upstream energy assets and associated midstream infrastructure. Total proceeds received are subject to customary closing adjustments. The assets include about 3,000 gross vertical wells. Since the firm established its first institutional fund in 2011, it has completed more than 50 acquisitions with over $1.5 billion in acquisition value, according to its website. 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. Scout is pleased to be sponsored going forward by an industry-leading partner to help Scout continue to grow our rapidly expanding pipeline of wind, solar and battery storage projects across the United States said Michael Rucker, CEO and founder of Scout Clean Energy. 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. You will need to provide a copy of the applicable portion of the Trust document that identifies the successor Trustee, the duties and power of the Trustee, and the circumstances leading to the replacement of the Trustee. Standard Solar is based in Rockville, Maryland. 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. 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 Boulder, CO 80301 We fully expect to see Scout become a very prominent figure in the US renewables landscape in the coming years.. Cash returns in the third quarter are anticipated to be delivered through share buybacks. Scout will continue under the Scout Clean Energy brand name as an independent power producer (IPP). An analyst will call you back within 48 hours. management of private energy funds and the operation of the oil and gas assets it owns. Scout hosts a remarkable collective of professionals, and we are proud of all that we have accomplished together. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. 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.. Email: ownerrelations@scoutep.com 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. Attention: Owner Relations This will be a custom quotation based on real consumption data. Scout is a private energy producer, focused on the acquisition of upstream energy assets and associated midstream infrastructure. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. The effective date must be listed if different from the document date; all dates must be legible. 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. . Scout Investments Inc. now owns 1,987,803 shares of the company's stock valued at . 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. 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 . These mature, low-decline (~5%) assets have net production of 2,650 boe/d and net cash flow of $1.6 million per month. 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.. Scout Investments Inc. raised its stake in shares of Chesapeake Energy by 79.1% in the second quarter. Mail: Scout Energy 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 and advanced-stage projects. 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. Please provide your Owner Number(s)/Business Associate Number/Payee Number and verify the mailing address. Fax: 214-292-9558 As properties age, there is a normal trend for production to decline. When contacting us via phone at the number above, please have your Owner Number/Business Associate Number/Payee Number ready. . 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. Connor Teskey, CEO of Brookfield Renewable, said: We are thrilled to be putting more dollars to work in our U.S. renewables business. 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. Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator of solar energy assets announced that it acquired the 369-megawatts Blue Sky Solar project in Grundy County, Illinois. My overall review of scout Energy Partners is that is a fast-growing company with poor management high expectations. The company has an estimated daily production of 0 BBLs oil and 0 MCF of gas, coming from 5,675 actively producing wells in the state. jpflieger@sloanepr.com, Scout Media Contact: View Scout Clean Energy (www.scoutcleanenergy.com) location in Colorado, United States , revenue, industry and description. Scout Energy Management Llc is currently un-ranked in the state of Kansas based on a total production of 167,380,133 barrel of oil equivalent (BOE) reported during the month of 07-01-2022. 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. These adjustments become necessary for various reasons such as: we were originally provided incorrect production figures (volumes) or pricing from the transporter or gatherer of production and need to correct that information, production may be allocated incorrectly and must be corrected, or a tax rate may have changed. 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. Brookfield Renewable operates one of the worlds largest publicly traded, pure-play renewable power platforms. Total funding of the company - $288.5M. Your account must accumulate a minimum balance of $50.00 in order for a check to be issued. Phone: 972-277-1397 Our Operating Model Scout is not a traditional energy private equity model, where independent, branded, separately managed portfolio companies each employ a unique strategy. 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