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Showing posts from July, 2025

Williams Report Showcases Innovation and Progress on Environmental Metrics

Williams Report Showcases Innovation and Progress on Environmental Metrics Jul 31, 2025 9:15 AM Eastern Daylight Time TULSA, Okla.--( BUSINESS WIRE )--Williams (NYSE: WMB) today released its latest Sustainability Report, which provides a comprehensive review of environmental and safety performance and management and details the company’s efforts on social and governance topics for the 2024 reporting year. An electronic version of the report is available at www.williams.com/sustainability . “Our natural gas-focused strategy and innovative, problem-solving solutions are leading the industry and providing value to our shareholders,” said Williams CEO and President Chad Zamarin. “With so much need and opportunity on the horizon for natural gas, Williams remains steadfast and focused on applying pragmatic solutions to further decarbonize the natural gas value chain, while at the same time exploring and advancing the next generation of energy technologies and energy infrastructure solutions...

Aris Water Announces Seven-Year Extension of Water Gathering and Disposal Agreement with ConocoPhillips and Provides Operational Update

Aris Water Announces Seven-Year Extension of Water Gathering and Disposal Agreement with ConocoPhillips and Provides Operational Update Jul 30, 2025 6:35 PM Eastern Daylight Time HOUSTON--( BUSINESS WIRE )--Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris”) today announced the extension of its Water Gathering and Disposal Agreement (the “Agreement”) with ConocoPhillips, extending the primary term of the Agreement from May 31, 2033, to May 31, 2040. The Agreement’s terms will otherwise remain unchanged as the parties extend their successful operational relationship. This extension further aligns the interests of both parties and complements their recently executed long-term water supply contract. Aris will continue to provide long-term full-cycle water infrastructure services to ConocoPhillips, including recycled water supply, produced water transportation and produced water handling operations in the Northern Delaware Basin. “ConocoPhillips is one of our most important customers and lon...

MPLX LP to Acquire Northwind Midstream Enhancing Permian Natural Gas and NGL Value Chains

MPLX LP to Acquire Northwind Midstream Enhancing Permian Natural Gas and NGL Value Chains News provided by  MPLX LP Jul 31, 2025, 07:30 ET FINDLAY, Ohio, July 31, 2025 /PRNewswire/ -- MPLX LP (NYSE: MPLX ) today announced it has entered into a definitive agreement to acquire Northwind Delaware Holdings LLC (Northwind Midstream) for $2.375 billion in cash consideration, subject to customary purchase price adjustments. MPLX intends to finance the acquisition with debt. The transaction is expected to be immediately accretive to distributable cash flow and represents a 7x multiple on forecast 2027 EBITDA. The anticipated mid-teen unlevered return is inclusive of incremental capital spend associated with in-process expansion activity. Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The portfolio includes over 200,000 dedicated acres, 200+ miles of gathering pipelines, two in-service acid gas injection (AGI) wells at 20 million cubic fe...

OpenAI introduces Stargate Norway with Nscale and Aker

Introducing Stargate Norway We’re launching Stargate Norway—OpenAI’s first AI data center initiative in Europe under our OpenAI for Countries⁠ program. Stargate is OpenAI’s overarching infrastructure platform and is a critical part of our long-term vision to deliver the benefits of AI to everyone. AI is a foundational technology that can boost productivity, drive economic growth, and power new industries. Large-scale compute capacity in Europe will help ensure that this transformation benefits people and communities including developers, researchers, scientists, and startups across Norway and Europe. Across the continent, millions of people and businesses use ChatGPT and our API every day. In Norway alone, the number of weekly active ChatGPT users has quadrupled in the past year—most of them under 35—and includes thousands of local developers. Stargate Norway partners include Nscale, a leading AI infrastructure provider with experience delivering cloud infrastructure across Europe and...

Octopus Australia announces billion-dollar-plus partnership with Dutch pension investor APG

Octopus Australia announces billion-dollar-plus partnership with Dutch pension investor APG 29 Jul 2025 Octopus Australia today announced a landmark partnership with APG Asset Management (“APG”), one of the world’s largest pension fund investors with assets under management exceeding A$1 trillion (EUR 590 billion). As part of the partnership, APG intends to commit over A$1 billion to Octopus Australia’s flagship renewable energy platform, OASIS. Representing one of the most significant institutional engagements in Australia’s clean energy transition to date, the partnership will help accelerate Octopus Australia’s growing platform and pipeline of utility-scale solar, wind, and battery storage projects. “This partnership marks a transformational moment for both our business and the broader Australian energy landscape,” said Sam Reynolds, CEO of Octopus Australia. “To be chosen as the local partner by a global investor of APG’s calibre is a powerful endorsement of our strategy and team a...

Antero Resources Announces Second Quarter 2025 Financial and Operating Results

Antero Resources Announces Second Quarter 2025 Financial and Operating Results News provided by  Antero Resources Corporation Jul 30, 2025, 16:15 ET DENVER, July 30, 2025 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR ) ("Antero Resources," "Antero," or the "Company") today announced its second quarter 2025 financial and operating results. The relevant consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Highlights:Net production averaged 3.4 Bcfe/dNatural gas production averaged 2.2 Bcf/d Liquids production averaged 200 MBbl/d Realized a pre-hedge natural gas equivalent price of $3.85 per Mcfe, which is a $0.41 per Mcfe premium to NYMEX Realized a pre-hedge C3+ NGL price of $37.92 per barrel Net income was $157 million and Adjusted Net Income was $110 million (Non-GAAP) Adjusted EBITDAX was $379 million (Non-GAAP) and net cash provided by operating activities was...

COMSTOCK RESOURCES, INC. REPORTS SECOND QUARTER 2025 FINANCIAL AND OPERATING RESULTS

COMSTOCK RESOURCES, INC. REPORTS SECOND QUARTER 2025 FINANCIAL AND OPERATING RESULTS July 30, 2025 16:15 ET | Source: Comstock Resources, Inc. FRISCO, TX, July 30, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE; NYSE Texas: CRK) today reported financial and operating results for the quarter ended June 30, 2025. Highlights of 2025's Second QuarterHigher natural gas prices in the second quarter drove improved financial results in the quarter.Natural gas and oil sales, including realized hedging gains, were $344 million for the quarter. Operating cash flow was $210 million or $0.71 per diluted share. Adjusted EBITDAX for the quarter was $260 million. Adjusted net income was $40.0 million or $0.13 per diluted share for the quarter. Five Western Haynesville wells turned to sales in the second quarter.These wells had an average lateral length of 10,897 feet and an average per well initial production rate of 36 MMcf per day. The f...

Calpine and CyrusOne Announce Thad Hill Energy Center Powered Land to Support Hyperscale Data Center Development in Texas

Calpine and CyrusOne Announce Thad Hill Energy Center Powered Land to Support Hyperscale Data Center Development in Texas News provided by  Calpine Corporation Jul 30, 2025, 16:30 ET HOUSTON and DALLAS, July 30, 2025 /PRNewswire/ -- Houston-based Calpine Corporation today announced a new 190-megawatt (MW) agreement with Dallas-based CyrusOne, a leading global data center developer and operator, to serve a new data center adjacent to the Thad Hill Energy Center in Bosque County, Texas. The deal secures power, grid connection, and land to support a new state of the art facility that is currently under construction and expected to be operational by the fourth quarter of 2026. "We're excited to be a partner in this project to deliver cutting-edge data center infrastructure to Texas, bringing jobs, innovation, and economic growth to the region," said Rick Peña, Executive Vice President of Corporate Development at Calpine. "This first-of-its-kind project establishes Calpi...

Civitas Resources Publishes 2025 Corporate Sustainability Report

Civitas Resources Publishes 2025 Corporate Sustainability Report Jul 30, 2025 4:30 PM Eastern Daylight Time DENVER--( BUSINESS WIRE )--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today published its 2025 Corporate Sustainability Report, providing transparency around the Company’s sustainability initiatives, targets, and progress toward stated goals. Chris Doyle, CEO, stated, “Civitas continues to make significant progress as an operator committed to sustainability. As a result of numerous successful operational initiatives in 2024, company-wide emissions have further decreased and we have translated our learnings from the DJ Basin into impressive improvements on our acquired Permian Basin assets, all while maintaining our proven safety performance. In 2026, we will expand our carbon neutrality pledge to include our Permian Basin assets, in addition to the DJ Basin, proving our sustainability leadership and delivering on our mission to Disrupt Energy for Good.” Hi...

Energy Capital Partners and KKR Announce Development of Hyperscale Data Center Campus in Texas

Energy Capital Partners and KKR Announce Development of Hyperscale Data Center Campus in Texas Jul 30, 2025 4:30 PM Eastern Daylight Time First investment from $50 billion strategic partnership to deliver integrated digital and power infrastructure at scale Campus co-located with Calpine’s natural gas power plant; representing first-of-its-kind dedicated power agreement with hyperscaler anchor Expected to be operational by the Fourth Quarter of 2026 SUMMIT, N.J. & NEW YORK--( BUSINESS WIRE )--Energy Capital Partners (“ECP”), one of the largest private owners of power generation and renewables in the U.S., and KKR, a leading global investment firm, today jointly announced the development of a new 190 MW hyperscale data center campus in Bosque County, Texas — marking the inaugural investment through ECP and KKR’s $50 billion strategic partnership to support AI infrastructure growth in United States. This project establishes a new model for delivering integrated, AI-ready infrastruct...

Expand Energy Corporation Reports Second Quarter 2025 Results

Expand Energy Corporation Reports Second Quarter 2025 Results July 29, 2025 16:05 ET | Source: Expand Energy Corporation OKLAHOMA CITY, July 29, 2025 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy” or the “Company”) today reported second quarter 2025 financial and operating results. Net cash provided by operating activities of $1,322 million Net income of $968 million, or $4.02 per fully diluted share; adjusted net income(1) of $265 million, or $1.10 per share Adjusted EBITDAX(1) of $1,176 million Produced ~7.20 Bcfe/d net (92% natural gas) Delivered the highest average drilled footage per day in all three business units Reduced full year 2025 drilling and completion capital expenditures guidance by ~$100 million to achieve ~$2.9 billion total capital expenditures Increased annual synergy outlook to $600 million by year end 2026 Announced ~$425 million of incremental free cash flow in 2025, primarily driven by improved business performance Increasing 2025 n...

CleanCapital Acquires 64 Solar and Energy Storage Projects From Greenbacker

CleanCapital Acquires 64 Solar and Energy Storage Projects From Greenbacker July 29, 2025 New York, NY – July 29, 2025 – CleanCapital, a leading independent power producer focused on distributed clean energy, today announced its successful acquisition of a 64-project, 51.2 MW operating solar portfolio from Greenbacker , an energy transition-focused investment manager and independent power producer (“IPP”). This sizeable acquisition—among the largest in the company’s 10-year history—significantly expands CleanCapital’s portfolio to exceed 350 operating and under construction solar and energy storage assets. The portfolio is distributed across 13 U.S. states and includes a diverse mix of rooftop and ground-mounted solar systems, many of which serve municipal, university, school, and hospital (MUSH) entities, as well as commercial customers. These projects not only provide reliable, emissions-free power but also support local economies, reduce energy costs, and contribute to offtakers’ lo...

Hitachi Energy and E.ON sign deal worth up to $700 million USD for critical grid infrastructure to bolster energy security and resilience in Germany

Hitachi Energy and E.ON sign deal worth up to $700 million USD for critical grid infrastructure to bolster energy security and resilience in Germany Press Release | 28.07.2025 | 3 min read World’s largest transformer manufacturer partners with E.ON in a long-term agreement to deliver power and distribution transformers to meet accelerating demand. One of the largest ever deals for Hitachi Energy in Germany secures capacity to expand and modernize grid infrastructure. Announcement comes as new German government announces €500 billion fund to strengthen infrastructure, with a major focus on energy. Hitachi Energy, a global leader in electrification, today announces a new deal worth up to $700 million USD with E.ON to deliver transformers across the German energy grid to bolster energy security, resilience and affordability in the country. The deal is part of a new procurement initiative by E.ON for core grid expansion components. As part of the long-term agreement, Hitachi Energy will le...