NextEra plans to sell oil and gas operations in Texas and Pennsylvania


NextEra Energy Partners LP, the company known in Oklahoma for its wind farm developments, says it’s planning to sell its STX Texas midstream assets in the Eagle Ford Shale and Pennsylvania’s Meade natural gas pipeline.

The company wants to streamline finances and become more of a fully renewables-based company according to John Ketchum, NextEra’s chairman, president and CEO reported Hart Energy.

The Eagle Ford operations generated EBITDA of $185 million in 2022 and the Meade Pipeline produced $106 million.

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