DALLAS, June 3, 2021 /PRNewswire/ -- As part of its
ongoing efforts to reduce greenhouse gas emissions, Goodnight
Midstream LLC ("Goodnight"), a leading midstream produced-water
infrastructure company, today announced that it has signed a 100
percent renewable energy contract with TXU Energy, a premier retail
electricity provider serving residential and business customers
across Texas. This contract will
provide renewable energy-backed water takeaway for Goodnight's
customers.
TXU Energy will secure certified renewable Texas wind resources to cover Goodnight's
energy usage. Over the contract's lifetime, approximately 72.5
million kilowatt hours of certified clean renewable energy will be
supplied to Goodnight's system, which according to the EPA is
equivalent to reducing nearly 29,000 metric tons in CO2
emissions.
Priority Power Management ("PPM"), an independent energy
services provider offering smart energy solutions and streamlined
transitions to carbon neutrality, served as lead advisor and
represented Goodnight Midstream in negotiations with TXU Energy on
this certified renewable energy contract.
"Pipelines and related facilities remain the most
environmentally conscious way to transport resources across the
country. This deal was a natural fit for us, allowing us to
continue to prioritize executing the highest standards in ESG
across our business operations," said Patrick Walker, Chief Executive Officer of
Goodnight. "TXU Energy's extensive renewables network will continue
to be essential and PPM's experience of implementing creative and
cost effective renewable and micro-grid solutions has been
invaluable in helping us structure the contract. We look forward to
continuing to work strategically together so we can keep moving
significantly closer to our long-term sustainability goals."
"We're thrilled to partner with a company as forward-thinking
and dedicated to minimizing its environmental impact as Goodnight
Midstream," said John Bick, Chairman
and Chief Commercial Officer at PPM. "The company recognizes the
win-win nature of investing in renewable energy from both an
environmental and commercial perspective, and they are trailblazers
for a growing wave of businesses starting the energy transition
process. PPM is uniquely positioned to package renewable energy
deals for clients, but it all starts with a company like Goodnight
to make a true commitment to sustainability."
"Powering Goodnight Midstream's extensive network of pipelines
requires reliable, cost-effective electricity," said Gabe Castro, Senior Vice President of Business
Markets for TXU Energy. "We are proud to have been able to
leverage our renewable experience and expertise to develop a
solution that not only supports Goodnight's unique operational
needs, but also bolsters their industry-leading work to reduce
environmental impact with 100% clean wind energy."
About Goodnight Midstream LLC
Goodnight Midstream builds and operates midstream oilfield water
infrastructure for oil and gas producers. The Company owns and
operates an extensive network of water gathering pipelines and
saltwater disposal wells focused on gathering, transporting, and
disposing of produced saltwater for its customers. Goodnight's
midstream approach minimizes environmental impact and improves
health and safety while lowering lease operating expense and
improving reliability for its customers. Goodnight Midstream
operates in the most active basins in the
United States with significant positions in the Permian
Basin and the Bakken Formation as well as an expanding footprint in
the Eagle Ford Shale. For more information, please visit
www.goodnightmidstream.com.
About Priority Power
Priority Power is an independent energy solutions provider
focused on energy infrastructure, energy transition program
management, market intelligence operations, and energy structuring.
Priority Power serves over 6,700 clients, totaling $2.7/BN in energy spend and 94 billion TWh of
energy managed across 31 states. The Company prioritizes energy
efficiency and seeks to leverage its engineering, procurement,
construction, and market expertise to aid in decarbonization of the
industrial economy. For more information on Priority Power, please
visit www.prioritypower.com.
About TXU Energy
More Texans trust TXU Energy to power their homes and businesses
than any other electricity provider. They're passionate about
creating experiences and solutions tailored to fit the needs of
their customers, including electricity plans, online tools to help
save, renewable energy options and more. TXU Energy is also
committed to cultivating a dynamic and enjoyable workplace where
all our people can succeed. Visit www.txu.com for more. TXU Energy
is a subsidiary of Vistra (NYSE: VST).
Goodnight Midstream Media Contact:
Julie Hamilton
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
Priority Power
Contact:
Katherine Tappan
Investor Relations
501-951-5282
ktappan@prioritypower.com
TXU Energy Contact:
Jenny
Lyon
214-875-8004
MediaHotline@txu.com
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SOURCE Goodnight Midstream, LLC