UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

___________________________

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):

November 8, 2023

 

Blue Dolphin Energy Company

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-15905

 

73-1268729

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

801 Travis Street, Suite 2100

Houston, TX 77002

(Address of principal executive office and zip code)

 

(713) 568-4725

(Registrant’s telephone number, including area code)

 

(Not Applicable)

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol (s)

 

Name of each exchange on which registered

Common Stock, par value $0.01 per share

 

BDCO

 

OTCQX

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 1.02 Termination of a Material Definitive Agreement.

 

As previously disclosed, Lazarus Energy LLC (“LE”), a wholly owned subsidiary of Blue Dolphin Energy Company (“Blue Dolphin”), entered into a Crude Supply Agreement with Pilot Travel Centers LLC (“Pilot”) dated May 7, 2019, as amended on November 11, 2019.  The Crude Supply Agreement was assigned by Pilot to Tartan Oil LLC (“Tartan”) pursuant to an Assignment of Contract dated March 20, 2020. Related to the Crude Supply Agreement, Tartan stores crude oil at Blue Dolphin’s Nixon facility under a Terminal Services Agreement with Nixon Product Storage, LLC (“NPS”), a wholly owned subsidiary of Blue Dolphin, dated June 1, 2019. Pursuant to a letter dated October 31, 2023 and received by LE and NPS on November 2, 2023, Tartan provided the required 60 days’ notice of its intention to terminate the Crude Supply Agreement and Terminal Services Agreement effective December 31, 2023. There were no penalties associated with the termination.

 

 
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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: November 8, 2023

 

Blue Dolphin Energy Company

 

 

 

/s/ JONATHAN P. CARROLL

 

Jonathan P. Carroll

Chief Executive Officer, President,

Assistant Treasurer and Secretary

(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

 

 

 
3

 

v3.23.3
Cover
Nov. 08, 2023
Cover [Abstract]  
Entity Registrant Name Blue Dolphin Energy Company
Entity Central Index Key 0000793306
Document Type 8-K
Amendment Flag false
Entity Emerging Growth Company false
Document Period End Date Nov. 08, 2023
Entity File Number 0-15905
Entity Incorporation State Country Code DE
Entity Tax Identification Number 73-1268729
Entity Address Address Line 1 801 Travis Street
Entity Address Address Line 2 Suite 2100
Entity Address City Or Town Houston
Entity Address State Or Province TX
Entity Address Postal Zip Code 77002
City Area Code 713
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Local Phone Number 568-4725
Security 12b Title Common Stock, par value $0.01 per share
Trading Symbol BDCO
Blue Dolphin Energy (QX) (USOTC:BDCO)
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