Diamondback Energy Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas

Reuters12-18 02:12

<a href="https://laohu8.com/S/FANG">Diamondback Energy</a> Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas

Diamondback Energy Inc. has entered into a partnership with Conduit Power, LLC and Granite Ridge Resources to support the development of 200 megawatts of new natural gas power generation assets in the ERCOT grid, specifically in West Texas. Under the agreement, Conduit Power will build, own, and operate the distributed generation facilities, while Diamondback and Granite Ridge will provide financial backing through fixed capacity payments in exchange for a preferred share of the power proceeds. The initiative aims to enhance grid reliability and address power imbalances in the region, with the first sites expected to be operational in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamondback Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251217495588) on December 17, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2592917572?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-18 02:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592917572","market":"us","top_or_hot":-1,"title":"Diamondback Energy Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a> Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Diamondback Energy Inc. has entered into a partnership with Conduit Power, LLC and <a href=\"https://laohu8.com/S/GRNT\">Granite Ridge Resources</a> to support the development of 200 megawatts of new natural gas power generation assets in the ERCOT grid, specifically in <a href=\"https://laohu8.com/S/WTXR\">West Texas</a>. Under the agreement, Conduit Power will build, own, and operate the distributed generation facilities, while Diamondback and Granite Ridge will provide financial backing through fixed capacity payments in exchange for a preferred share of the power proceeds. The initiative aims to enhance grid reliability and address power imbalances in the region, with the first sites expected to be operational in 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamondback Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251217495588) on December 17, 2025, and is solely responsible for the information contained therein.</span></i>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Diamondback Energy Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDiamondback Energy Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-18 02:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a> Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Diamondback Energy Inc. has entered into a partnership with Conduit Power, LLC and <a href=\"https://laohu8.com/S/GRNT\">Granite Ridge Resources</a> to support the development of 200 megawatts of new natural gas power generation assets in the ERCOT grid, specifically in <a href=\"https://laohu8.com/S/WTXR\">West Texas</a>. Under the agreement, Conduit Power will build, own, and operate the distributed generation facilities, while Diamondback and Granite Ridge will provide financial backing through fixed capacity payments in exchange for a preferred share of the power proceeds. The initiative aims to enhance grid reliability and address power imbalances in the region, with the first sites expected to be operational in 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamondback Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251217495588) on December 17, 2025, and is solely responsible for the information contained therein.</span></i>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251217:nNDL51Gk99:1","article_id":"2592917572","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592917572","pubTimestamp":1765995138,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Diamondback Energy Inc. has entered into a partnership with Conduit Power, LLC and Granite Ridge Resources to support the development of 200 megawatts of new natural gas power generation assets in the ERCOT grid, specifically in West Texas. Under the agreement, Conduit Power will build, own, and operate the distributed generation facilities, while Diamondback and Granite Ridge will provide financial backing through fixed capacity payments in exchange for a preferred share of the power proceeds. The initiative aims to enhance grid reliability and address power imbalances in the region, with the first sites expected to be operational in 2026.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamondback Energy Inc. published the original co","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4588":"碎股","IE00B2Q91V27.USD":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","BK4585":"ETF&股票定投概念","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","GRNT":"Granite Ridge Resources","FANG":"Diamondback Energy","IE00BGHQF524.EUR":"GUINNESS GLOBAL ENERGY \"C\" (EUR) ACC","IE00B3CCJ963.GBP":"GUINNESS GLOBAL ENERGY \"C\" (GBP) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)"},"translate_title":"Diamondback Energy与Conduit Power合作在德克萨斯州开发200兆瓦分布式发电","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRNT":0.9,"FANG":0.9},"content_text":"Diamondback Energy Partners with Conduit Power to Develop 200 MW of Distributed Generation in Texas\n    \n\n        Diamondback Energy Inc. has entered into a partnership with Conduit Power, LLC and Granite Ridge Resources to support the development of 200 megawatts of new natural gas power generation assets in the ERCOT grid, specifically in West Texas. Under the agreement, Conduit Power will build, own, and operate the distributed generation facilities, while Diamondback and Granite Ridge will provide financial backing through fixed capacity payments in exchange for a preferred share of the power proceeds. The initiative aims to enhance grid reliability and address power imbalances in the region, with the first sites expected to be operational in 2026.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamondback Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251217495588) on December 17, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592917572","isCrawlerRequest":true}