Universal Bioenergy Inc., (UBRG), a publicly traded independent diversified energy company that markets and distributes natural gas, electricity, refined energy products and coal, announced that its subsidiary, NDR Energy Group, signed a contract to obtain natural gas supplies with one of the largest natural gas producers in the United States. The contract with this supplier will give NDR Energy Group strategic access to major supplies of natural gas to deliver to its electric utility customers for distribution and power generation.
The Supplier, in the Mid-Atlantic region of the U.S., reported $1.6 billion in revenues in its 2012 Annual Report. They operate in five states, and are one of the largest natural gas producers in the region. The Supplier conducts its business through three business segments: Production, Midstream and Distribution. They also provide gathering, transmission and storage services for the produced gas, for distribution to residential, commercial and industrial users throughout the Northeastern, Mid-Atlantic, and Mid-Southern regions of the U.S.
Universal's President, Vince M. Guest stated: "I very am excited to announce NDR Energy's new contract with this major gas producer. This is another financially strong and very experienced producer of natural gas that we are now associated with. This will provide us with the additional gas supplies we need to deliver to our customers in the Northeastern, Mid-Atlantic, and Mid-Southern regions of the U.S. This diversification of our supplier base is a major part of our plan to generate additional revenues and grow our profit margins."