Midland Reporter-Telegram on MSN

Diamondback, Granite Ridge invest in power generation

Diamondback and Granite Ridge fund Conduit Power’s 20-site, 200 MW gas generation in ERCOT West, with phased installations starting in 2026.

Conduit Power to Develop 200 MW of Distributed Generation in ERCOT; Secures Diamondback Energy and Granite Ridge Resources as Financial Partners

Conduit Power, LLC ("Conduit") has entered into financial agreements with Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") and Granite Ridge Resources (NYSE: GRNT) ("Granite Ridge") related to ...