[b]$GNRG HUGE DD MONSTER NATURAL GAS COMPANY TAKING US BY STORM ACQUIRING EVERYTHING IN ITS PATH!![/b]
[i][b]FULLY REPORTED OTQBC, HEADING FOR NASDAQ!!![/b][/i]
[b]REVENUE GENERATING MONSTER[/b]
[b]CURRENT PPS .035 with .10 52 Week High[/b]
[b]
SHARE STRUCTURE as of JULY 19/2013
[/b]OUTSTANDING 30,600,000
[b]FLOAT 10-15 Million[/b]
AUTHORIZED 150,000,000
[b]ASSETS $5-10 MILLION
REVENUES $5-8 MILLION
MARKET VALUE $900,000[/b]
[b]****BOOK VALUE $0.40+****[/b]
[b]HUGE CUSTOMERS [/b]
Dart Container Corporation
Owens Corning
McMoran Exploration
Tysons
[b]INSIDER HOLDINGS
HUGE 8-K JULY 18/2013 OFFER TO BUY REMAINING O/S @.015 BY CEO [/b]> >
http://www.otcmarkets.com/edgar/GetFilingHtml...ID=9402937
[b]
Approximately 17,000,000 Held INSIDE
[/b]
[b]INSIDERS SWALLOWING EM UP & HOLDING ON TIGHT [/b]> >
http://www.insidermonkey.com/insider-trading/...purchases/
[b]
*****ACCUMULATED AT PPS of .08-.30*****
[/b]
GREAT PRESENTATION 2010 > >
http://www.gatewayenergy.com/investor_presentations.html
Gateway conducts all of its business through its wholly owned subsidiary companies, Gateway Pipeline Company, Gateway Offshore Pipeline Company, Gateway Energy Marketing Company, Gateway Processing Company, Gateway Pipeline USA Corporation, Gateway Delmar LLC, Gateway Commerce LLC and CEU TX NPI, L.L.C. Gateway-Madisonville Pipeline, L.L.C. is 67% owned by Gateway Pipeline Company and 33% owned by Gateway Processing Company.
[b]Description of Business[/b]
Gateway is engaged in the midstream energy business. We own and operate natural gas distribution, gathering and transmission pipeline systems located onshore in the continental United States and offshore in federal and state waters of the Gulf of Mexico. For the year ended December 31, 2012, all of our revenue was generated under contracts with either fee-based rates or back-to-back purchases and sales based on the same published monthly index price, of which all are renewed on an annual basis or on a long-term basis .
Contact Info
1415 Louisiana Street
Suite 4100
Houston, TX 77002
Website: http://www.gatewayenergy.com
Phone: 713-336-0844
Email: info@gatewayenergy.com
Welcome to Gateway Energy Corporation!
Gateway is engaged in the midstream energy business. We own and operate natural gas distribution, transmission and gathering pipeline systems located onshore the continental United States and offshore in the federal and state waters of the Gulf of Mexico. [b]All of our revenue is generated under long-term contracts with either fee-based rates or with back to back purchases and sales based on the same monthly index price.[/b]
Our pipelines serve industrial facilities, power generation facilities and municipal city gates. These pipelines are commonly known in as direct sales laterals or local distribution company bypasses. We are actively seeking to acquire bypass pipelines or to develop new bypass projects.
Our corporate headquarters is located in Houston, Texas.
About Gateway
[b]Gateway owns and operates approximately 180 miles of natural gas gathering, transportation and distribution systems and related facilities in Texas, Texas state waters and in federal waters of the Gulf of Mexico off the Texas and Louisiana coasts.[/b]
[b]Gateway gathers offshore wellhead natural gas production and liquid hydrocarbons and then aggregates this production for transportation to other pipelines. Gateway also transports natural gas through its onshore systems for non-affiliated shippers, and distributes natural gas from Company-owned facilities to end users.[/b]
[b]Gateway owns a 9.1% net profits interest in certain leases and wells in the Madisonville Field located near Madisonville, Texas.[/b]
Gateway manages its assets through its wholly owned subsidiaries, Gateway Offshore Pipeline Company, Gateway Pipeline Company, Gateway Processing Company and Gateway Energy Marketing Company.
Gateway's business strategies are:
Growth by acquisition in the mid-stream sector of the natural gas industry
Optimize the Company's current asset base
Continue the Company's focus on gathering, processing, transporting, and distributing natural gas and related hydrocarbons.
Gateway Subsidiaries
[b]ONSHORE[/b]
Gateway Pipeline USA Corporation
The assets include four natural gas pipelines that deliver natural gas into poultry processing and rendering plants owned by Tyson Foods, Inc. ("Tyson"). The Tyson plants are located in Center, Texas, Sequin, Texas, Sedalia, Missouri, and Texarkana, Arkansas.
Gateway Pipeline Company
Gateway Pipeline Company (“GPC”). The Hickory Creek gathering is located in the “core” of the Barnett Shale in Denton County Texas. The system gathers gas from several major producers including Legend Natural Gas and Eagleridge Energy.
[b]GPC owns a natural gas distribution system which serves major industrial customers (Owen Corning, DART Container and others) near Waxahachie, Texas. The system provides natural gas to the customers under back-to-back purchase and sales agreements or transports for a fee.[/b]
[b]GPC owns a 10-inch pipeline located near Madisonville, Madison County, Texas which transports natural gas from the Madisonville treating facility to two major pipelines.
OFFSHORE[/b]
Gateway Offshore Pipeline Company ("GOPC") owns and operate over 155 miles of offshore pipelines in Texas state waters, and in the federal waters of the Gulf of Mexico off the Texas and Louisiana coasts. GOPC's footprint offshore extends from Galveston, Texas to New Orleans, Louisiana. GOPC transports gas for major providers like McMoRan, Apache, W&T Offshore and others.
Offshore Louisiana System Map
[b]Frequently Asked Questions[/b] > >
http://www.gatewayenergy.com/faqs.html#5
WHO WE ARE
Management Team
Frederick M. Pevow, Jr., Chairman & CEO
Mr. Pevow was appointed as the Chairman and CEO of Gateway Energy Corporation in June 2010. Prior to Gateway, he was the president of Pevow and Associates, Inc., which provided investment banking and CFO consulting services to companies and institutional investors. Mr. Pevow was also the interim chief financial officer and a member of the board of directors of Texas Petrochemicals, Inc from 2004 to 2006. Previously, he was an investment banker to the energy industry with Smith Barney Inc., Dillon, Read & Co., and CIBC World Markets. Mr. Pevow graduated in 1984 with a bachelor of arts in the Plan II Honors Program, University of Texas at Austin.
[b]BOARD of DIRECTORS[/b] > >
http://www.gatewayenergy.com/board_of_directors.html
[b]***HUGE NEWS MUST READ***[/b]
Gateway enters into an Asset Sales Agreement with GEC Holding, LLC
Share this
HOUSTON, Dec. 13, 2012 /PRNewswire/ --Gateway Energy Corporation (OTCBB: GNRG) announced that on December 12, 2012, Gateway Pipeline USA Corporation ("Gateway Pipeline USA"), a wholly owned subsidiary of Gateway Energy Corporation (the "Company"), entered into an asset sales agreement (the "Agreement") with GEC Holding, LLC (the "Buyer"), pursuant to which Gateway Pipeline USA will sell certain assets, including certain pipelines and pipeline facilities located in Guadalupe and Shelby Counties, Texas, Miller County, Arkansas and Pettis County, Missouri, as well as certain surface contracts, commercial contracts and records related to the operation of the facilities (the "Assets"), to the Buyer. All of the issued and outstanding capital stock of the Buyer is owned by Frederick W. Pevow, the Chairman and Chief Executive Officer of the Company and Director of Gateway Pipeline USA. Additionally, Mr. Pevow is the acting President of the Buyer.
The Buyer has agreed to purchase the Assets from Gateway Pipeline USA for the sum of $1,100,000. The closing of the transactions contemplated by the Agreement is expected to take place on or before the close of business at 5:00 PM, Central Standard Time, on December 31, 2012. The closing of the Agreement is subject to certain customary closing conditions, including the obtaining of the necessary consents and approvals to the assignment of the Assets. The closing of the transaction is further conditioned upon the entry of the Company into a Forbearance Agreement with Meridian Bank, in connection with the Company's existing Credit Agreement.
The Agreement provides that prior to the earlier of (i) December 31, 2012, (ii) the closing of the transactions contemplated by the Agreement or (iii) the termination of the Agreement, the Company, acting through a special committee of its Board of Directors (the "Special Committee"), consisting of David F. Huff, John O. Niemann, Jr. and John A. Raasch, may: (i) furnish information or data to any third party purchaser for a proposed sale of the Assets or other assets in order to raise proceeds of at least $1,100,000 (a "Competing Proposal"), (ii) participate in discussions or negotiations with such party regarding such Competing Proposal; and (iii) subject to the approval of the Board of Directors, enter into a definitive agreement containing a Competing Proposal, but only if (a) such Competing Proposal constitutes a Superior Proposal (as defined in the Agreement), (b) the Company shall have provided written notice to the Buyer (a "Notice of Superior Proposal") advising the Buyer that the Company has received a Superior Proposal, specifying in writing the true and complete final terms and conditions of such Superior Proposal and identifying the person making such Superior Proposal, (c) the Buyer does not, within five Business Days of the Buyer's receipt of the Notice of Superior Proposal make an offer that the Board of Directors of the Company, acting through the Special Committee, determines in good faith to be more favorable to the Company's stockholders (in their capacities as stockholders) than such Superior Proposal, and (d) simultaneously with the Buyer failing to make the offer described in clause (c) above in the time allotted or the Board of Directors, acting through the Special Committee, making the determination required by clause (c) above that any such offer of the Buyer is not more favorable to the Company's stockholders (in their capacities as stockholders) than such Superior Proposal, as applicable, the Agreement is terminated pursuant to its terms. Upon any such termination, the Company would pay the Buyer a break-up fee of $33,000.
[b]Gateway Announces Acquisition of a Natural Gas Pipeline[/b]
HOUSTON, March 1, 2012 /PRNewswire/ -- Gateway Energy Corporation (OTCBB: GNRG) today announced that it has closed the acquisition of a natural gas pipeline from Commerce Pipeline, L.P. ("Commerce") for an undisclosed purchase price.
The pipeline is located in Commerce, Texas and delivers natural gas into an aluminum smelting plant owned by Hydro Aluminum Metal Products North America ("Hydro Aluminum"). In connection with the acquisition, Gateway will acquire a long-term contract with Hydro Aluminum to provide transportation capacity at a fixed monthly charge. Gateway financed the acquisition through a combination of cash on hand and bank debt.
Mr. Pevow commented, "The Commerce transaction completes another important milestone. Since the implementation of our strategic plan in June 2010 to transform Gateway, we have accomplished the following:
[b]Reduced general and administrative expenses
We have reduced general and administrative expenses from $2,353,287 for the 2009 calendar year prior to our arrival to less than $1,400,000 for the 2011 calendar year, a savings of nearly $1.0 million per year.[/b]
Increased cash flow
We expect to generate Adjusted EBITDA(i) in excess of $650,000 for the 2011 calendar year without a full year's contribution from the pipeline we acquired in Delmar, New York in September 2011. By way of comparison, Adjusted EBITDA was $544,444 in the 2009 calendar year prior to our arrival and would have been negative in 2009 had it not been for a contribution of $1,435,177 from the temporary use of one of our offshore pipelines. Adjusted EBITDA for the 4th quarter of 2011 will mark our fourth consecutive quarterly increase.
Expanded our natural gas distribution and transmission business
We expect our natural gas distribution and transmission pipelines to generate approximately $1.1 - $1.2 million in operating margin(ii) in the 12 months following the Commerce transaction. All of these pipelines(iii) serve industrial end users of natural gas pursuant to long-term, fee-based or back to back purchase and sale contracts. We believe expanding this business increases the stability and visibility of our cash flow.
[b]Efficiently utilized capital[/b]
[b]We have acquired six pipelines in the past 16 months. We spent approximately $2.35 million in total for these pipelines and expect the combined acquisitions to contribute approximately $500,000 - $550,000 in operating margin in the 12 months following the Commerce transaction. In order to fund the acquisitions, we raised approximately $1.0 million in equity in a private placement completed in October 2010 and financed the remainder through a combination of bank debt and cash on hand.
"We will continue to aggressively pursue our strategy of acquiring pipelines to serve industrial users. In 2012, we anticipate closing more Delmar and Commerce-type acquisitions," said Mr. Pevow.[/b]
About Gateway Energy
Gateway Energy Corporation owns and operates natural gas distribution, transportation, and gathering systems onshore in the continental United States and in federal and state waters of the Gulf of Mexico.
[i][b]FULLY REPORTED OTQBC, HEADING FOR NASDAQ!!![/b][/i]
[b]REVENUE GENERATING MONSTER[/b]
[b]CURRENT PPS .035 with .10 52 Week High[/b]
[b]
SHARE STRUCTURE as of JULY 19/2013
[/b]OUTSTANDING 30,600,000
[b]FLOAT 10-15 Million[/b]
AUTHORIZED 150,000,000
[b]ASSETS $5-10 MILLION
REVENUES $5-8 MILLION
MARKET VALUE $900,000[/b]
[b]****BOOK VALUE $0.40+****[/b]
[b]HUGE CUSTOMERS [/b]
Dart Container Corporation
Owens Corning
McMoran Exploration
Tysons
[b]INSIDER HOLDINGS
HUGE 8-K JULY 18/2013 OFFER TO BUY REMAINING O/S @.015 BY CEO [/b]> >
http://www.otcmarkets.com/edgar/GetFilingHtml...ID=9402937
[b]
Approximately 17,000,000 Held INSIDE
[/b]
[b]INSIDERS SWALLOWING EM UP & HOLDING ON TIGHT [/b]> >
http://www.insidermonkey.com/insider-trading/...purchases/
[b]
*****ACCUMULATED AT PPS of .08-.30*****
[/b]
GREAT PRESENTATION 2010 > >
http://www.gatewayenergy.com/investor_presentations.html
Gateway conducts all of its business through its wholly owned subsidiary companies, Gateway Pipeline Company, Gateway Offshore Pipeline Company, Gateway Energy Marketing Company, Gateway Processing Company, Gateway Pipeline USA Corporation, Gateway Delmar LLC, Gateway Commerce LLC and CEU TX NPI, L.L.C. Gateway-Madisonville Pipeline, L.L.C. is 67% owned by Gateway Pipeline Company and 33% owned by Gateway Processing Company.
[b]Description of Business[/b]
Gateway is engaged in the midstream energy business. We own and operate natural gas distribution, gathering and transmission pipeline systems located onshore in the continental United States and offshore in federal and state waters of the Gulf of Mexico. For the year ended December 31, 2012, all of our revenue was generated under contracts with either fee-based rates or back-to-back purchases and sales based on the same published monthly index price, of which all are renewed on an annual basis or on a long-term basis .
Contact Info
1415 Louisiana Street
Suite 4100
Houston, TX 77002
Website: http://www.gatewayenergy.com
Phone: 713-336-0844
Email: info@gatewayenergy.com
Welcome to Gateway Energy Corporation!
Gateway is engaged in the midstream energy business. We own and operate natural gas distribution, transmission and gathering pipeline systems located onshore the continental United States and offshore in the federal and state waters of the Gulf of Mexico. [b]All of our revenue is generated under long-term contracts with either fee-based rates or with back to back purchases and sales based on the same monthly index price.[/b]
Our pipelines serve industrial facilities, power generation facilities and municipal city gates. These pipelines are commonly known in as direct sales laterals or local distribution company bypasses. We are actively seeking to acquire bypass pipelines or to develop new bypass projects.
Our corporate headquarters is located in Houston, Texas.
About Gateway
[b]Gateway owns and operates approximately 180 miles of natural gas gathering, transportation and distribution systems and related facilities in Texas, Texas state waters and in federal waters of the Gulf of Mexico off the Texas and Louisiana coasts.[/b]
[b]Gateway gathers offshore wellhead natural gas production and liquid hydrocarbons and then aggregates this production for transportation to other pipelines. Gateway also transports natural gas through its onshore systems for non-affiliated shippers, and distributes natural gas from Company-owned facilities to end users.[/b]
[b]Gateway owns a 9.1% net profits interest in certain leases and wells in the Madisonville Field located near Madisonville, Texas.[/b]
Gateway manages its assets through its wholly owned subsidiaries, Gateway Offshore Pipeline Company, Gateway Pipeline Company, Gateway Processing Company and Gateway Energy Marketing Company.
Gateway's business strategies are:
Growth by acquisition in the mid-stream sector of the natural gas industry
Optimize the Company's current asset base
Continue the Company's focus on gathering, processing, transporting, and distributing natural gas and related hydrocarbons.
Gateway Subsidiaries
[b]ONSHORE[/b]
Gateway Pipeline USA Corporation
The assets include four natural gas pipelines that deliver natural gas into poultry processing and rendering plants owned by Tyson Foods, Inc. ("Tyson"). The Tyson plants are located in Center, Texas, Sequin, Texas, Sedalia, Missouri, and Texarkana, Arkansas.
Gateway Pipeline Company
Gateway Pipeline Company (“GPC”). The Hickory Creek gathering is located in the “core” of the Barnett Shale in Denton County Texas. The system gathers gas from several major producers including Legend Natural Gas and Eagleridge Energy.
[b]GPC owns a natural gas distribution system which serves major industrial customers (Owen Corning, DART Container and others) near Waxahachie, Texas. The system provides natural gas to the customers under back-to-back purchase and sales agreements or transports for a fee.[/b]
[b]GPC owns a 10-inch pipeline located near Madisonville, Madison County, Texas which transports natural gas from the Madisonville treating facility to two major pipelines.
OFFSHORE[/b]
Gateway Offshore Pipeline Company ("GOPC") owns and operate over 155 miles of offshore pipelines in Texas state waters, and in the federal waters of the Gulf of Mexico off the Texas and Louisiana coasts. GOPC's footprint offshore extends from Galveston, Texas to New Orleans, Louisiana. GOPC transports gas for major providers like McMoRan, Apache, W&T Offshore and others.
Offshore Louisiana System Map
[b]Frequently Asked Questions[/b] > >
http://www.gatewayenergy.com/faqs.html#5
WHO WE ARE
Management Team
Frederick M. Pevow, Jr., Chairman & CEO
Mr. Pevow was appointed as the Chairman and CEO of Gateway Energy Corporation in June 2010. Prior to Gateway, he was the president of Pevow and Associates, Inc., which provided investment banking and CFO consulting services to companies and institutional investors. Mr. Pevow was also the interim chief financial officer and a member of the board of directors of Texas Petrochemicals, Inc from 2004 to 2006. Previously, he was an investment banker to the energy industry with Smith Barney Inc., Dillon, Read & Co., and CIBC World Markets. Mr. Pevow graduated in 1984 with a bachelor of arts in the Plan II Honors Program, University of Texas at Austin.
[b]BOARD of DIRECTORS[/b] > >
http://www.gatewayenergy.com/board_of_directors.html
[b]***HUGE NEWS MUST READ***[/b]
Gateway enters into an Asset Sales Agreement with GEC Holding, LLC
Share this
HOUSTON, Dec. 13, 2012 /PRNewswire/ --Gateway Energy Corporation (OTCBB: GNRG) announced that on December 12, 2012, Gateway Pipeline USA Corporation ("Gateway Pipeline USA"), a wholly owned subsidiary of Gateway Energy Corporation (the "Company"), entered into an asset sales agreement (the "Agreement") with GEC Holding, LLC (the "Buyer"), pursuant to which Gateway Pipeline USA will sell certain assets, including certain pipelines and pipeline facilities located in Guadalupe and Shelby Counties, Texas, Miller County, Arkansas and Pettis County, Missouri, as well as certain surface contracts, commercial contracts and records related to the operation of the facilities (the "Assets"), to the Buyer. All of the issued and outstanding capital stock of the Buyer is owned by Frederick W. Pevow, the Chairman and Chief Executive Officer of the Company and Director of Gateway Pipeline USA. Additionally, Mr. Pevow is the acting President of the Buyer.
The Buyer has agreed to purchase the Assets from Gateway Pipeline USA for the sum of $1,100,000. The closing of the transactions contemplated by the Agreement is expected to take place on or before the close of business at 5:00 PM, Central Standard Time, on December 31, 2012. The closing of the Agreement is subject to certain customary closing conditions, including the obtaining of the necessary consents and approvals to the assignment of the Assets. The closing of the transaction is further conditioned upon the entry of the Company into a Forbearance Agreement with Meridian Bank, in connection with the Company's existing Credit Agreement.
The Agreement provides that prior to the earlier of (i) December 31, 2012, (ii) the closing of the transactions contemplated by the Agreement or (iii) the termination of the Agreement, the Company, acting through a special committee of its Board of Directors (the "Special Committee"), consisting of David F. Huff, John O. Niemann, Jr. and John A. Raasch, may: (i) furnish information or data to any third party purchaser for a proposed sale of the Assets or other assets in order to raise proceeds of at least $1,100,000 (a "Competing Proposal"), (ii) participate in discussions or negotiations with such party regarding such Competing Proposal; and (iii) subject to the approval of the Board of Directors, enter into a definitive agreement containing a Competing Proposal, but only if (a) such Competing Proposal constitutes a Superior Proposal (as defined in the Agreement), (b) the Company shall have provided written notice to the Buyer (a "Notice of Superior Proposal") advising the Buyer that the Company has received a Superior Proposal, specifying in writing the true and complete final terms and conditions of such Superior Proposal and identifying the person making such Superior Proposal, (c) the Buyer does not, within five Business Days of the Buyer's receipt of the Notice of Superior Proposal make an offer that the Board of Directors of the Company, acting through the Special Committee, determines in good faith to be more favorable to the Company's stockholders (in their capacities as stockholders) than such Superior Proposal, and (d) simultaneously with the Buyer failing to make the offer described in clause (c) above in the time allotted or the Board of Directors, acting through the Special Committee, making the determination required by clause (c) above that any such offer of the Buyer is not more favorable to the Company's stockholders (in their capacities as stockholders) than such Superior Proposal, as applicable, the Agreement is terminated pursuant to its terms. Upon any such termination, the Company would pay the Buyer a break-up fee of $33,000.
[b]Gateway Announces Acquisition of a Natural Gas Pipeline[/b]
HOUSTON, March 1, 2012 /PRNewswire/ -- Gateway Energy Corporation (OTCBB: GNRG) today announced that it has closed the acquisition of a natural gas pipeline from Commerce Pipeline, L.P. ("Commerce") for an undisclosed purchase price.
The pipeline is located in Commerce, Texas and delivers natural gas into an aluminum smelting plant owned by Hydro Aluminum Metal Products North America ("Hydro Aluminum"). In connection with the acquisition, Gateway will acquire a long-term contract with Hydro Aluminum to provide transportation capacity at a fixed monthly charge. Gateway financed the acquisition through a combination of cash on hand and bank debt.
Mr. Pevow commented, "The Commerce transaction completes another important milestone. Since the implementation of our strategic plan in June 2010 to transform Gateway, we have accomplished the following:
[b]Reduced general and administrative expenses
We have reduced general and administrative expenses from $2,353,287 for the 2009 calendar year prior to our arrival to less than $1,400,000 for the 2011 calendar year, a savings of nearly $1.0 million per year.[/b]
Increased cash flow
We expect to generate Adjusted EBITDA(i) in excess of $650,000 for the 2011 calendar year without a full year's contribution from the pipeline we acquired in Delmar, New York in September 2011. By way of comparison, Adjusted EBITDA was $544,444 in the 2009 calendar year prior to our arrival and would have been negative in 2009 had it not been for a contribution of $1,435,177 from the temporary use of one of our offshore pipelines. Adjusted EBITDA for the 4th quarter of 2011 will mark our fourth consecutive quarterly increase.
Expanded our natural gas distribution and transmission business
We expect our natural gas distribution and transmission pipelines to generate approximately $1.1 - $1.2 million in operating margin(ii) in the 12 months following the Commerce transaction. All of these pipelines(iii) serve industrial end users of natural gas pursuant to long-term, fee-based or back to back purchase and sale contracts. We believe expanding this business increases the stability and visibility of our cash flow.
[b]Efficiently utilized capital[/b]
[b]We have acquired six pipelines in the past 16 months. We spent approximately $2.35 million in total for these pipelines and expect the combined acquisitions to contribute approximately $500,000 - $550,000 in operating margin in the 12 months following the Commerce transaction. In order to fund the acquisitions, we raised approximately $1.0 million in equity in a private placement completed in October 2010 and financed the remainder through a combination of bank debt and cash on hand.
"We will continue to aggressively pursue our strategy of acquiring pipelines to serve industrial users. In 2012, we anticipate closing more Delmar and Commerce-type acquisitions," said Mr. Pevow.[/b]
About Gateway Energy
Gateway Energy Corporation owns and operates natural gas distribution, transportation, and gathering systems onshore in the continental United States and in federal and state waters of the Gulf of Mexico.
