Reported 21 days ago
Diamondback Energy Inc. is considering utilizing its natural gas production to generate electricity for its drilling and fracking operations in the Permian Basin. Chief Executive Travis Stice highlighted the need for reliable power sources amid frequent grid instability in Texas, expressing an interest in how they could meet electrification demands. While the company has acquired Endeavor Energy and signed an intent to collaborate with nuclear developer Oklo Inc., Stice indicated that Diamondback is unlikely to build its own gas-fired power plants.
Source: YAHOO