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NRG Buys 18 Gas-Fired Power Plants, Including 5 in PA, for $12B
NRG Energy agreed to acquire LS Power’s portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRG’s footprint in Texas and along the East Coast. NRG said the acquisition would give it 18 more natural-gas-fired facilities in nine states—including five in Pennsylvania and one in Ohio—doubling its generation capacity to about 25 gigawatts (GW). The PA acquisition includes the Springdale natural gas power station in Allegheny County, the Armstrong plant in Indiana County, the Gans plant in Fayette County, the Chambersburg plant in Franklin County, and the Ironwood plant in Lebanon County. Read More “NRG Buys 18 Gas-Fired Power Plants, Including 5 in PA, for $12B”
Investment firm ArcLight Capital Partners, LLC, announced it has acquired an additional 25% interest in Natural Gas Pipeline Company of America (NGPL). As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside partner Kinder Morgan, Inc., which continues to own a 37.5% economic interest and operates the pipeline. NGPL is the largest transporter of natural gas into the Chicago-area market, as well as one of the largest interstate pipeline systems in the country. It is also a major natural gas transporter to large LNG export facilities and other markets on the Texas and Louisiana Gulf Coast. Most importantly, Marcellus/Utica molecules flow into NGPL. 
Wow, what a difference four years can make! In May 2021, Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy with a new board and new management (see 
WhiteHawk Energy is smitten with PHX Minerals. WhiteHawk has been trying to get PHX down the marriage aisle in any way it can for nearly two years. PHX has repeatedly given WhiteHawk the cold shoulder (
Capital Power Corporation, based in Edmonton (Alberta), Canada, a power producer with approximately 10 gigawatts (GW) of power generation at 30 facilities across North America, announced it is buying two gas-fired power plants from LS Power. One facility is the 1,124 megawatt (MW) Hummel Station, a combined-cycle natural gas facility in Shamokin Dam, PA, fed by Marcellus molecules. The other is the 1,023 MW Rolling Hills plant, a combustion turbine natural gas facility in Wilkesville, OH, fed by Utica molecules. We welcome Capital Power to the M-U! 
ArcLight Capital Partners, an infrastructure investment firm focused on energy and related infrastructure, announced it is buying out the ownership interests of Osaka Gas USA Corporation and Kyuden International Americas Inc. (both Japanese companies) in Kleen Energy Systems, LLC. Kleen Energy owns Kleen Power, a 620 megawatt (MW) natural gas-fired power plant in Middletown, Connecticut. The terms of the transaction were not disclosed. 
WhiteHawk Energy, headquartered in Philadelphia and owning mineral and royalty interests for over 1 million gross unit acres with over 3,400 producing horizontal shale wells between the Marcellus and the Haynesville, announced yesterday that it has doubled its ownership in Marcellus assets in Washington and Greene counties in southwest Pennsylvania. WhiteHawk paid $118 million to increase ownership across 475,000 gross acres in the Marcellus Shale. The drillers operating on those acres include EQT, Range Resources, and CNX Resources.
Pine Run Gathering LLC, a joint venture owned by Stonehenge Energy and UGI, announced yesterday that it had completed a transaction to buy Superior Midstream Appalachian, LLC, for $120 million. Superior Appalachian owns and operates three gathering systems in Pennsylvania, namely Pittsburgh Mills (Allegheny & Butler counties), Snow Shoe (Centre County), and Brookfield (Tioga County). The Pittsburgh Mills system is connected to UGI’s Big Pine gathering system. All three have a combined daily flow of approximately 190 million cubic feet per day (MMcf/d). 
In December, CNX Resources announced it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million (see 
Last November, Coterra Energy announced it would buy “certain assets of Franklin Mountain Energy and Avant Natural Resources” located in the Permian (see 
CNX Resources announced in December that it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million (see