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Natura Resources Announces Agreement with NGL Energy Partners to Develop 100-MW SMRs with Large-Scale Produced Water Treatment in the Permian Basin

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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Industry News

Calpine Adds 205 Billion Feet of Proven Reserves

LCG, July 26, 2000--Independent power producer Calpine Corp. said yesterday it had made three strategic acquisitions that add 205 billion cubic feet equivalent of proven natural gas reserves to the companys natural gas portfolio, nearly doubling its has reserves.

The three acquisitions, which bring Calpines proven reserves to 430 billion cubic feet, cost the company about $206 million.

Calpines Charles Chambers, vice president for business development, said the acquisitions were in support of the companys objective of reaching 40,000 megawatts of generation on line. "In addition to enhancing our in-depth fuels capabilities, these acquisitions provide Calpine access to three strategic gas markets and strengthen our position as a premier power provider," he said.

The first transaction consists of three fields in the Gulf of Mexico and includes 5 drilling locationsenhanced with 3-D seismic, one of which has already been successfully drilled. Current production isaround 17 million cubic feet per day, increasing to 23 million by the end of the year.

A second transaction involves the acquisition of a Canadian firm, Calgary-based Quintana Minerals Canada Corp., whose reserves are located in British Columbia, Alberta andSaskatchewan. The assets include interests in 1,300 wells, upside potentialwithin 180,000 net acres of undeveloped lands, and an excellent staff of energy professionals locatedin Calgary. Current production is approximately 38 million cubic feet per day, and will increase to 42 million by the end of the year.

In the third transaction, Calpine acquired natural gas assets in the Piceance Basin, Colorado andonshore Gulf Coast from a privately-held Houston, Texas-based company. The assets include 126wells, 79,000 acres of undeveloped lands, and 195 potential drilling locations with historical successrates of over 90 percent. Current production is 10 million cubic feet a day, and that will double by the end of the year.

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