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Vistra to acquire 2.6 GW of natural gas assets from Lotus for $1.9B
Occidental and ADNOC’s XRG to evaluate JV for DAC facility in TX
Stonepeak and Arab Energy Fund $1B partnership for MENA energy infra
Infinium begins construction on world’s largest eFuels plant in Texas
Stonepeak and EEP to acquire majority stake in JET from Phillips 66 for €2.5B
Carlyle launches Revera Energy to develop renewables, battery storage, hydrogen
Ameresco secures $78M financing facility for battery and solar-plus-storage assets
TXO Partners to acquire Elm Coulee assets from White Rock for $475M
Black Stone Minerals new Haynesville development with Revenant Energy
The almost headlines
In case you missed
Assets span PJM, CAISO, NYISO, and ISO-NE; supports flexible baseload power.
~$743/kW valuation; 7x 2026 EBITDA multiple
Financed via cash and assumed term loan; closes late 2025/early 2026
All-cash transaction includes $400M new equity investment to support growth plans.
Deal includes PNM and TNMP, serving over 800K customers in NM and TX
TXNM to remain locally headquartered; management to stay in place
Closes H2 2026; advised by Wells Fargo, Citi, RBC, and J.P. Morgan
13-year deal priced below $200/ton to support bio-CCS deployment across U.S. mills.
SLB Capturi to supply carbon capture tech; CO280 to store emissions underground
First of 10+ projects aiming to deliver 10 MtCO₂/year across the sector
Pulp & paper industry supports ~7M U.S. jobs; biogenic CO₂ seen as multibillion-dollar CDR opportunity
$500M potential XRG investment; DAC hub sits on King Ranch with 3B tonne storage potential.
Follows $650M DOE funding award to Occidental
JV part of broader carbon capture push between U.S. and UAE
Debt to expand operations in India, Tanzania, and Zambia and support 30,000+ farmers.
Recent $50M XPRIZE winner; backed by Shopify, H&M
Carbon removal credits supported by MRV protocols from Yale and IIT Kanpur
Accelerates climate resilience and rural income via improved soil health
Fifth non-op energy fund to target $1M–$150M+ deals across U.S. and Canada.
Focus: AFEs, PDP assets, minerals, JV acquisitions, and drilling partnerships
Track record: $1.3B+ deployed across 30+ operator partnerships, 1,600+ wells
Continues Fortuna Operating partnership for non-op asset execution
Focus: digital infrastructure, energy transition, and critical regional energy assets.
Partnership to mobilize global capital into MENA’s evolving energy sector
Stonepeak manages $73B+ AUM; Arab Energy Fund focuses on ESG-linked energy lending
Project Roadrunner to produce 23K tonnes/year of SAF using CO₂ and renewables.
Backed by Brookfield and Breakthrough Energy Catalyst
IAG and American Airlines to offtake SAF; 150 MW wind PPA and 100 MW electrolyzer secured
JET operates 970 service stations across Germany and Austria; Phillips 66 retains 35% stake.
Deal includes EV charging network and retail expansion strategy
Stonepeak and EEP to grow JET's position as Germany's most popular fuel brand
Closing expected H2 2025, pending regulatory approval
Platform includes 4.6 GW+ of BESS, wind, and solar in AU and UK.
Initial portfolio acquired from Amp Energy; Nomura backing future growth
Revera targets utility-scale clean energy infrastructure across developed markets
Facility includes note purchase agreement and $300M private shelf facility.
First notes fund battery storage with ITC transfer; future rounds for solar + storage
Partners include Barings, CounterpointeSRE; term maturities up to 2045
Offer includes $4.10 cash + 0.62 shares per MEG share; MEG board not engaging.
Valued at $23.27/share; 9.3% premium
Waterous to increase Strathcona stake; bid open for at least 105 days
Adds 6,800 boe/d and 25,000 Mboe of reserves; 30% non-op interest to North Hudson.
Includes $70M deferred payment; closing expected Q3 2025
Strengthens TXO’s position in Williston Basin
New deal covers 270K gross acres, committing to 6–25 wells/year starting in 2026.
Amendments with Aethon return 50K+ gross acres and consolidate working interests
Shelby Trough drilling activity to significantly increase BSM’s net well development
Capgemini signs long-term carbon removal deal with Charm Industrial for 16,500 tonnes
Supports Charm’s bio-oil sequestration scale-up; signals voluntary carbon market maturity.
White Oak funds $125M ABL facility for U.S. energy services firm
Facility enhances liquidity amid rising demand from AI and energy infrastructure buildout.
EOG awarded 3,609 sq km shale block in Abu Dhabi
Exclusive operator of Block 3; ADNOC holds back-in rights post-appraisal.
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.
