NasdaqGS:FANGOil and Gas
Should Diamondback’s ERCOT Gas Power Push Reshape How FANG Investors View Its Long-Term Strategy?
Conduit Power, LLC recently announced financial agreements with Diamondback Energy and Granite Ridge Resources to develop 200 megawatts of new natural gas power generation across ERCOT’s Load Zone West in Texas, with phased installations targeting commercial operation starting in 2026.
This arrangement gives Diamondback exposure to fixed capacity-based returns and preferred access to power proceeds in a region facing growing grid reliability challenges from intermittent renewables and rising...