A big announcement
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In case you missed
Design/build 765 kV & HV grid; boost domestic transformer/breaker capacity.
Aims for cost/schedule certainty to serve utilities and hyperscalers faster.
Evaluate La Paloma CCS (up to 3 Mt/yr via CTV); assess DC sites & infra.
Non-binding; subject to permits/FIDs; aligns with CA decarb and power needs.
Off-grid, BESS-paired gas power for rapid, high-availability AI deployments.
75 Ecomax 33 blocks; firm pipeline ~300 MW.
High-alt/heat capable; SCR for strict emissions.
Built with AB Energy USA; lowers time-to-power for hyperscalers.
Equity + construction funding to power >3M UK homes; close expected by YE’25.
Ørsted retains dev/O&M via full-scope EPC; senior financing led by Apollo-managed entities + banks.
Co-investors include CDPQ and PSP; staged funding as milestones hit.
~400 GWh/yr from 2026–27; 80% to Apple, 20% to grid (~30k homes).
Avoids >160k tCO₂/yr; supports ENGIE’s 1.6 GW Italy target by 2030.
Flexible liquidity for upstream/midstream/services/power portfolios.
Austin-based; focuses on secondary & structured solutions; counsel Latham & Watkins.
Nature-based credits from improved forest management across 37 states.
TD uses to offset ops/travel; TD Securities to syndicate to clients; biodiversity & community co-benefits.
Native, biodiverse forests; transparent MRV; credit replacement if impact wanes.
DeepMind’s Perch AI to measure biodiversity outcomes; Symbiosis Coalition-backed.
Fuels new CCGTs and hyperscale (Meta Richland) with firm supply from Feb 2028.
250,000 MMBtu/d firm through 2048 (expandable); Tiger Pipeline adds 12-mi lateral (up to 1 Bcf/d).
Anchors LA-100 plan: affordability, resilience, jobs; long-dated infra commitment.
Low-CI, renewables-powered FLNG on Canada’s West Coast (COD late 2028).
Synthetic liquefaction service; complements 1.5 mtpa prior tolling.
Stable revenues for Pembina; diversified Asian supply for PETRONAS.
Builds oil-rich Montney scale; ~10% FCF uplift and ~$100M/yr synergies.
Adds ~140k net acres, ~100 Mboe/d; 930 net locations; target net debt < $4B.
Initial >300k boe/d → >500k medium-term; 8+ projects, 15 exploration wells.
Targets ~3 Bboe to develop; ~10 Bboe exploration upside; close 2026 (approvals).
Higher realized prices and hedge gains lift earnings; Haynesville wells hit ~28 MMcf/d IP; asset sales aimed at de-levering.
Q3 sales $335M, up on stronger gas pricing; realized gas price $2.99/Mcf (incl. $26.4M hedge gains).
Operations: 17 Haynesville/Bossier horizontals online (avg. 11,692 ft laterals), ~28 MMcf/d IP per well; Q3 production costs $0.77/Mcfe.
Portfolio moves: Sold $15.2M of Cotton Valley interests; agreed to sell Shelby Trough (TX) assets for $430M to reduce debt.
Planned handoff to long-tenured finance lead as CNX doubles down on low-CI gas.
Strong cash, tighter costs; steady 2026 capex with modest growth.
De-levers and refocuses on Beta & Bairoil core.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.