William Prentice, CEO, Meridian Energy Group gives an update on the Davis Refinery and Walton Refinery. Prentice discusses the next step in financing and construction.
Prentice said modules and foundations will not arrive to the Davis Refinery until at least one year from this summer.
The Walton Refinery is currently in siting and permitting phase. Prentice believes the Walton Refinery will be up and running about a year after the Davis Refinery.
The Davis Refinery is located just outside of Belfield, ND, in the Bakken oilfields. The Walton Refinery is located near Kermit, TX, in the Permian Basin.
The Mission of Meridian Energy Group, Inc. is to provide long-term shareholder value through the development and operation of the cleanest, most environmentally compliant and profitable crude oil refineries in the world, with refinery developments in both North Dakota and Texas. Established in 2013, Meridian has offices in Belfield, North Dakota, Houston, Texas and Irvine, California.