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Ara Partners closes $800M+ inaugural infrastructure fund, surpassing target
Google backs Elementl Power to develop 10 GW of advanced nuclear by 2035
AlphaGen to add 450 MW via PJM fast-track upgrades across NJ, MD, OH
ExxonMobil to supply 250K tonnes/year low-carbon ammonia to Marubeni
Commonwealth LNG inks 20-year deal with major Asian buyer for 1 mtpa offtake
I Squared, MPLX, Enbridge acquire stakes in 2.5 Bcf/d Matterhorn Express Pipeline
Greenlake Energy forms new Permian-focused platform with $200M from NGP
IOG Resources launches third vehicle to pursue non-op oil & gas deals
The almost headlines
In case you missed
Ara Infrastructure fund to back mid-market, low-carbon industrial platforms in North America and Europe.
Portfolio includes terminal ops, renewable fuels, and organics recycling
Led by George Yong and Teresa O’Flynn; supported by Rede Partners and Debevoise
AUM now totals ~$6.2B; fourth investment expected soon
Strategic agreement targets siting and early-stage investment in next-gen U.S. nuclear projects.
Google to fund development of three 600+ MW nuclear projects
Elementl to work with utility/regulatory partners to fast-track deployment
Initiative supports grid reliability and long-term net-zero goals
Founded in 2022, Elementl is tech-agnostic and focused on clean baseload energy
PJM selects AlphaGen’s reliability-focused projects for interconnection priority.
309 MW at Linden, 53 MW at Bergen, 56 MW at Keys, 30 MW at Lordstown
All upgrades completed by 2027–2030, using existing infrastructure
Adds capacity equivalent to 1 GW of offshore wind
Owned by ArcLight Capital, AlphaGen operates 11 GW+ of critical power assets
Deal supports Japan’s decarbonization with fuel for Kobe Power Plant.
Ammonia sourced from Exxon’s Baytown facility (FID expected 2025)
Facility to produce 1M+ tonnes/year ammonia and 1B cf/day hydrogen
Supports industrial decarbonization in Japan/Southeast Asia
Marubeni to build global low-carbon ammonia supply chain
Long-term SPA advances 9.5 mtpa Louisiana LNG project toward FID in 2025.
Buyer to receive 1 mtpa from Cameron, LA facility starting in 2029
Project expected to reach FID later this year; $11B in Phase 1 investment
$3.5B in projected annual export revenue; 2,000 construction jobs, 275 permanent roles
Definitive deal shifts ownership of major Permian gas pipeline as WhiteWater remains operator.
WhiteWater retains 65% stake; MPLX and Enbridge each acquire 10%
Pipeline spans 510 miles from Waha to Wharton, Texas; in service since Nov 2024
Backed by I Squared and FIC; expected to close Q2 2025
Greenlake Energy II expands in Delaware Basin with recent strategic acquisition.
Led by Matt Gallagher (ex-Parsley); 60+ horizontal wells drilled to date
Backed by NGP, which has invested in energy since 1988
Focus: capital efficiency, technical innovation, and multi-year inventory growth
IOGR III backed by First Reserve; targets $50–$200M transactions in North America.
Portfolio producing 20+ Mboe/d; formed with legal support from Gibson Dunn
Continues successful strategy with JV partnerships and minority interests
Q1 marks operational strength and strategic expansion amid disciplined capital management.
Q1 crude oil production: 175 MBbls/d; total production: 373.2 MBoe/d
Adjusted FCF hits $460M — highest in company history
Sold Barilla Draw gathering systems for $180M
Capex cut by $50M to $1.95B without reducing production guidance
Acquiring 13,320 net acres + 8,700 royalty acres for $608M; 12 MBoe/d added at ~$30 WTI breakeven
Weatherford publishes 2024 Sustainability Report, highlighting ESG progress
Focus on emissions, digital innovation, and stakeholder collaboration.
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.
