A big announcement
The almost headlines
In case you missed
Initial 400 MW scalable to 1.5 GW; tolling structure with gas from MPLX.
Near MPLX plants; MARA owns/operates; supports AI/HPC and MPLX ops.
Contingent on definitive docs/approvals.
Largest TEF project; dispatchable power for Permian by 2029.
Gas supply from Coterra/Devon/Diamondback; GE Vernova H-Class turbines; CCUS-ready.
EPC: Gemma; power for ~850k homes; >10% of TEF’s 10-GW target.
Zero-emission-matched, LEED design; grid-boosting storage via DTE.
$ multi-B build on 250 acres; three ~550k ft² buildings; start early 2026 (MPSC).
2,500 union construction jobs; 2,000 permanent; closed-loop cooling, biodiversity protections.
EC2 UltraServers + vast GPU/CPU fleets for training & inference at scale.
OpenAI to invest $38B deploying capacity by 2026 (expandable into ’27).
Ultra-low latency GPU clustering; supports Bedrock access and frontier model needs.
Industrial mineralization turns mine waste into permanent carbonate.
10-yr deal; projects use alkaline tailings; rigorous MRV with measured (not forecast) tonnes.
Builds on Arca’s 2025 full-scale demo; supports MSFT’s 2030 carbon-negative goal.
Drone-based stringing to speed HV transmission, cut outages and hazards.
Funds global TX System rollout; North America expansion & utility partnerships.
Proven on Powerlink Genex (AU) and PG&E emergency deployments.
Two 6 mtpa FLNGs fed by Vaca Muerta gas; XRG adds capital & LNG know-how.
Builds XRG’s global gas portfolio; leverages Eni FLNG experience (e.g., Mozambique).
State-backed AGDC holds 25% via pipeline company.
823k net acres (Permian-led); $200–300M annual synergies.
Exchange: 1.45 SM per CIVI; FCF >$1.4B (2025e); Denver HQ; close 1Q’26.
Leverage target ~1.0× by 2027; $0.20/sh quarterly dividend.
Calls for independent chair, asset simplification, and Delaware-led strategy.
Cites post-merger underperformance and 32% Marcellus reserve writedown.
Urges divestitures outside Permian to close valuation gap.
Unlocks capital while retaining operatorship in Permian/Eagle Ford.
bpx keeps control; ownership shifts to 51% Permian / 25% Eagle Ford post-deal.
Supports bp’s $20B divestment plan by 2027.
Regulatory greenlight clears path to first U.S. commercial DLE in Smackover (COD 2028).
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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.