Good morning! Diamondback and Kinetik increased state in midstream system EPIC Crude. WSJ had an interesting article contributing to the narrative on the 'rush' to find power to fuel AI's "insatiable appetite". Good article out of Hart Energy about the health of the MIdstream M&A Market. And finally, VTX is higlighted with their tremendous growth in the Southern Delaware Basin. Let's drill down.

Daily Headlines

• Big Tech Is Rushing to Find Clean Power to Fuel AI’s Insatiable Appetite WSJ.com

• Midstream Majors Enjoy a Healthy M&A Market, For Now Hartenergy $$$.

• VTX Energy Quickly Ramps to 42 Mbbl/d in Southern Delaware Basin Hartenergy $$$.

• Rich countries could raise $5T for climate finance annually TheGuardian

• Permian oil production set to grow, aided by Matterhorn pipeline PBOMagazine

• U.S. natural gas prices near 12-week high on rising outages HartEnergy

• OPEC states that phasing out oil is a “fantasy” OilPrice

• Oil futures rebound as geopolitical tensions ease Rigzone

• Shell scraps blue hydrogen project, focuses on oil and gas WorldOil

• Kazakhstan blames operator for six-month-long oil well blowout UpstreamOnline

Deal Flow

M&A/Investment

• Diamondback Energy, Kinetik Holdings increase stake in EPIC Crude pipeline Businesswire

• Honeywell to acquire Air Products LNG unit on Gulf Coast BizJournals

• Uniper and ConocoPhillips sign a 10-year gas supply agreement Rigzone

• Swedish firm Aira invests $300M to get UK homes off North Sea gas EnergyVoice

Debt

• Aramco taps debt markets for second bond sale this year Rigzone

Fundraising

• Masdar expands renewables portfolio with $1.4B acquisition HartEnergy $$$

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1