NasdaqGS:FANGOil and Gas
How Investors May Respond To Diamondback Energy (FANG) Expanding Into West Texas Gas-Fired Power Generation
Conduit Power announced it has entered into 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, with Conduit building, owning and operating the facilities and targeting phased commercial operations starting in 2026.
This move gives Diamondback a foothold in West Texas power infrastructure, linking its Permian presence to grid reliability and an additional cash-flow stream tied to...