NYDIG's parent company, asset manager Stone Ridge, announced that its energy platform, Stone Ridge Energy ("SRE"), has reached a definitive agreement to acquire its substantial Oklahoma-based energy portfolio from ConocoPhillips for approximately $1.30 billion.
This is SRE's second acquisition this year, following the company's acquisition of more than $1 billion worth of energy assets in Colorado, bringing SRE's total investment in upstream energy assets to about $9 billion since the platform went live in 2021. With its more than 11 gigawatts of natural gas energy supply, SRE meets the growing energy needs of bitcoin mining, artificial intelligence data centers, and countries dependent on liquefied natural gas
NYDIG parent company acquires large energy portfolio of ConocoPhillips for about $1.30 billion
2025-08-10 16:26:32
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