Jeffrey Baldwin

$525 Million Asset Sell: Chevron Announces Sale of Majority Interest in its East Texas Gas Assets to.. Read More: https://lnkd.in/gNzs9WAQ "HOUSTON–(BUSINESS WIRE)–Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (“Chevron”) (NYSE: CVX), announced that it has closed on a transaction to sell a 70% interest in its East Texas gas assets to an affiliate of TG Natural Resources LLC (“TGNR”), a company indirectly owned by Tokyo Gas Co., Ltd. (“Tokyo Gas”) and Castleton Commodities International LLC (“CCI”), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development. Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. Tokyo Gas and CCI own an approximate 93% and 7% interest in TGNR, respectively."

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Enterprise Products to buy Oxy affiliate for $580 million Enterprise Products Partners L.P. acquires Occidental’s Midland Basin gas gathering assets for $580 million in a cash transaction. This strategic move includes about 200 miles of gathering pipelines supporting Occidental’s operations in the Midland Basin, offering access to over 1,000 drillable locations. Looking ahead, Enterprise is set to build the "Athena" processing plant, designed to process 300 million cubic feet per day of gas and extract up to 40,000 barrels per day of NGLs. The plant is expected to be operational by Q4 2026, marking a significant milestone in their expansion efforts. This acquisition, coupled with pipeline expansions and the construction of the Athena plant, aligns with Enterprise’s growth capital expenditure plan, targeting investments of $4.0–$4.5 billion in 2025 and $2.2–$2.5 billion in 2026. #enterprise #oxy #permian

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Texas continues to lead the nation in energy production - but the next decade will be defined not by what we produce, but by what we build. Texas has unmatched advantages: �� The largest natural gas system in the United States 🔵 The most competitive power market in North America 🔵 Massive pipeline networks, LNG hubs, and industrial corridors 🔵 A single-state grid (ERCOT) that can move faster than multi-state RTOs The article highlights one of the defining challenges of our time: How Texas converts its world-class natural gas resources into reliable, high-voltage power for the AI economy. And as I shared with the reporter: “The demand for generation particularly high-voltage transmission is going to have to be spread across a number of different industries looking to pursue it.” Learn more: : https://lnkd.in/ePARDAGp #EnergyInfrastructure #Texas #NaturalGas #DataCenters #FrontierGen #BarrelsToMegawatts #ERCOT #poweredland #permian #eagleford https://lnkd.in/gYyDmh3w https://lnkd.in/gVhgEVmq

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Nabors Energy Transition Corp II, a Houston-based SPAC, is to take e2 Companies public in a transition that gives the business an enterprise value of $777 million. e2 is based in Florida and manages the power for mission critical facilities. I hope the stock of e2 performs better than the first business that a Nabors SPAC took public. Vast Renewables, an Australian solar power company, went public in December 2023. It shares have lost 91% since then. https://lnkd.in/gTQuX-i3

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Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. In a recent move, air permits tied to two key oil & gas facilities in Loving County have been officially transferred to Greenlake Energy Operating LLC, marking another milestone in Greenlake’s rapid emergence as a nimble, low-cost operator in the Permian. https://lnkd.in/gSDpYmgg

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Join Excelerate's CEO Steven Kobos at CERAWeek in Houston, to discuss key factors driving change in global gas markets, including energy security shifts, the rise of US LNG, and the impact of AI and data centers on demand. Discover how these dynamics create new opportunities for reliable and flexible infrastructure.   #EE #ExcelerateEnergy

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Mexican users of Texan gas will increasingly compete with energy-hungry AI data centers and the fast-growing Gulf Coast LNG export industry. Houston Ship Channel prices, a key benchmark for Mexico’s imports, are projected to climb from ~$2.70/MMBtu today to over $4.60 by early 2027. Mexico is currently importing around 7.5 Bcf/d of U.S. gas, mostly from Texas — meaning its natural gas bill is likely to climb, especially amid the AI-driven dash for molecules. https://lnkd.in/eyxdhmEJ

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📈 Texas Energy Powers into 2025: Key Insights from TXOGA’s Monthly Energy Economics Review (MEER) – March 2025 TXOGA’s Monthly Energy Economics Review (MEER) delivers timely insights and data-driven analysis on Texas’ oil and natural gas industry, bridging gaps in public data to provide a comprehensive view of production, trade, and consumption. 🔹 Texas continues to lead U.S. energy production. In December 2024, crude oil output held steady at 5.7 million barrels per day (mb/d), while natural gas withdrawals hit a record 36.6 billion cubic feet per day (bcf/d)—underscoring the state’s role as the backbone of American energy supply. 🔹 Strong momentum in early 2025. TXOGA estimates that February’s production remained near record levels, reinforcing Texas’ leadership in global energy markets. In December, natural gas demand within the state reached 14.0 bcf/d, with most used for industrial processes and power generation. Meanwhile, exports remained vital: 8.5 bcf/d shipped as LNG and 4.6 bcf/d delivered via pipelines to Mexico. 🔹 ERCOT’s electricity mix highlights reliability. In February, dispatchable and thermal generation provided as much as 92.2% of peak supply, averaging 62.2% of total generation throughout the month. 🔹 Texas remains a global energy powerhouse. In 2024, the state exported $230.3 billion in energy products, underscoring its critical role in U.S. economic strength and global supply security. For deeper insights, explore the full report: https://lnkd.in/g8tSBmUm #TexasOilAndGas #EnergyEconomics #TexasEnergy #NaturalGas #CrudeOil #EnergyLeadership #Markets #Innovation #Data #Strategy

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https://lnkd.in/g8R8PEbS Privately held Oklahoma E&P Canvas Energy is exploring a sale of its Anadarko Basin assets, sources told Hart Energy. The move comes as several recent deals have emerged in the once dormant Midcontinent market.

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NRG Energy adds to its portfolio in TX! "NRG Energy has entered into a definitive agreement to acquire six power generation facilities from Texas-based Rockland Capital, adding 738 megawatts (MW) of natural gas-fired capacity to its portfolio. The acquisition includes one combined-cycle unit and five peaker units. NRG is acquiring these assets for $560 MM or $760 per kW, which the company described as “significantly below” the cost of new construction. Link in comments ⬇️ #texas #power #gas #powerplant #combinedcycle

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CPS Energy’s decision to expand its natural gas generation portfolio is more than a transaction; it demonstrates what responsible, forward-looking energy leadership looks like. Natural gas is not just abundant; it’s essential. Compared to coal, natural gas produces fewer carbon emissions and harmful pollutants, making it both cleaner and more efficient. CPS Energy has steadily increased its natural gas fleet, replacing aging coal units with modern gas facilities that provide cleaner power and long-term reliability. The 2012 acquisition of the Rio Nogales plant was one turning point. Yesterday’s acquisition of 1,632 MW of new natural gas capacity is the next. Together, they show a clear commitment to modernizing the portfolio, lowering emissions, and keeping pace with growing demand. Today, natural gas represents nearly half of CPS Energy’s generating capacity—proof of its foundational role in delivering reliable, affordable energy. And this isn’t just about generation mix; it’s also about supply strategy. By sourcing natural gas from the nearby Permian Basin, CPS Energy taps into one of the world’s most prolific and cost-advantaged production regions. Abundant supply: Permian gas is largely “associated gas,” produced as a byproduct of profitable crude oil drilling, which helps ensure a steady, often low-cost supply. Strategic infrastructure: Extensive pipeline networks carry this gas straight from West Texas to San Antonio, keeping costs competitive and supply reliable. Market advantage: Waha Hub trades often at a discount—even going negative in times of oversupply—and San Antonio residents directly benefit from lower prices and stronger energy security. This is what it means to operate with both vision and responsibility: lowering emissions, keeping rates affordable, and ensuring the lights stay on in one of America’s fastest-growing regions. CPS Energy’s gas fleet is not a stopgap; it is a cornerstone of a diverse energy mix that includes renewables, storage, nuclear, and more. As the CEO of SGA Natural Gas Association, I take pride in highlighting this kind of operator excellence. CPS Energy is showing the industry what it looks like to share resources wisely, grow responsibly, and advance solutions that keep communities strong. The people of San Antonio benefit from more reliable energy, lower costs, and cleaner air—all because their municipally owned utility is making smart, strategic investments in natural gas. This is the essence of responsible leadership: turning abundant regional resources into community benefit, balancing affordability with sustainability, and proving once again that natural gas is not just part of the future, it is the long-term partner that keeps America powered and growing. Read more here: https://lnkd.in/edFghNvv

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