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Deloitte's new energy lead, a $7.4B deal, and more things to know this week

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Here are three things to know in Houston energy transition news. Photo via Getty Images

Editor's note: It's a new week — start it strong with three quick things to catch up on in Houston's energy transition: a roundup of events not to miss, a Houston energy executive to know, and more.

Incoming: Deloitte names new head of energy, chemicals practice

Teresa Thomas was named vice chair and national sector leader for energy and chemicals at Deloitte. She takes over the role from Amy Chronis, partner at Deloitte LLP, who will continue to serve within the energy and chemicals practice until her retirement in June 2024.

"I am fortunate to have worked in the energy and chemicals industry for most of my career, and I'm honored to continue working with companies that are playing a pivotal role in powering progress and purpose," Thomas says in a news release. "Our industry is at the epicenter of the energy transition that can fuel tremendous potential for society, and I'm excited to be leading during this important and transformational time."

Last year, Chronis announced her retirement from Deloitte, and the company named Melinda Yee as the incoming Houston managing partner at Deloitte, a role Chronis held in addition to the title of vice chair and US energy and chemicals leader. Chronis is slated to retire in June 2024, and Yee's new role became effective this month. Read more.

Events not to miss

Put these Houston-area energy-related events on your calendar.

  • Energy Underground's January meeting is on January 18 at noon at the Esperson Building. Register.
  • The Houston Oil and Gas Executive Leadership Summit is an meeting of executives, policymakers, academics, and other professionals with a particular interest related to energy. The event is January 25 at the DoubleTree by Hilton Hotel Houston. Register.
  • Future of Energy Summit is Tuesday, February 6, at AC Hotel by Marriott Houston Downtown. Register.
  • The De Lange Conference, taking place February 9 and 10 at Rice University's Baker Institute for Public Policy, is centered around the theme “Brave New Worlds: Who Decides? Research, Risk and Responsibility” this year. Register.

Really big deal: Southwestern Energy to combine with Chesapeake in $7.4B deal

Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion all-stock deal to form one of the biggest natural gas producers in the U.S.

The transaction, valued at $6.69 per share, will create a company that has large scale acreage in the Appalachia region and Haynesville, Louisiana. It has current net production of approximately 7.9 Bcfe/d with more than 5,000 gross locations and 15 years of inventory.

“The world is short energy and demand for our products is growing, both in the U.S. and overseas," Chesapeake CEO Nick Dell’Osso said in a prepared statement Thursday. "We will be positioned to deliver more natural gas at a lower cost, accelerating America’s energy reach and fueling a more affordable, reliable, and lower carbon future." Read more.

Houston-based Southwestern Energy will combine with Oklahoma City-based Chesapeake Energy. Photo via swn.com

Houston energy company to combine with Chesapeake in $7.4B deal

M&A moves

Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion all-stock deal to form one of the biggest natural gas producers in the U.S.

There have been a string of deals in the energy sector, including the nearly $60 billion acquisition of Pioneer Natural Resources by ExxonMobil and a $53 billion deal between Chevron and Hess.

Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each outstanding share of Southwestern common stock at closing.

Chesapeake shareholders will own about 60 percent of the combined company, while Southwestern shareholders will own approximately 40 percent.

The transaction, valued at $6.69 per share, will create a company that has large scale acreage in the Appalachia region and Haynesville, Louisiana. It has current net production of approximately 7.9 Bcfe/d with more than 5,000 gross locations and 15 years of inventory.

“The world is short energy and demand for our products is growing, both in the U.S. and overseas," Chesapeake CEO Nick Dell’Osso said in a prepared statement Thursday. "We will be positioned to deliver more natural gas at a lower cost, accelerating America’s energy reach and fueling a more affordable, reliable, and lower carbon future."

The combined company will build a facility in Houston to supply lower-cost, lower carbon energy to meet increasing domestic and international liquefied natural gas demand.

The combined company will have a new name, but that has not yet been disclosed.

The boards of both companies have approved the deal, which is expected to close in the second quarter. It still needs approval from Chesapeake and Southwestern shareholders.

Shares of Southwestern, based in Houston, declined more than 3 percent before the market opened, while shares of Chesapeake, based in Oklahoma City, Oklahoma, rose slightly.

ALLY Energy celebrated over 50 honorees at its annual awards event. Photo via LinkedIn

Top Houston energy teams, individuals, and companies honored at annual awards

meet the winnenrs

The brightest stars in Houston's energy community celebrated wins at an annual awards event this week.

ALLY Energy, a company that works with its clients to make the energy industry more equitable, hosted its seventh annual GRIT Awards and Best Energy Workplaces on October 26 — and named its prestigious winners. EnergyCapitalHTX, as well as its sister site InnovationMap, was a media partner for the event.

“Every year, we are astounded at how many impressive, committed people are demonstrating leadership and grit in their work to advance the energy transition and build more diverse, equitable and inclusive workplaces,” ALLY Energy CEO Katie Mehnert says in a news release naming the finalists. “This year is no exception. This is the time to celebrate so many crucial achievements that may otherwise go overlooked in the energy sector and in broader society.”

In addition to naming its winners, ALLY celebrated three Lifetime Achievement Award honorees who have distinguished careers championing change in energy and climate in the private or public sector in the areas of technology, policy, and workforce: John Berger, CEO of Sunnova Energy; Rhonda Morris, vice president and chief human resources officer of Chevron; and Amy Chronis, vice chair, US energy and chemicals leader, and Houston managing partner at Deloitte.

The big winners of 2023 are as follows.

The Professional Award

  • Alex Loureiro, Scientific Director at EnerGeo Alliance
  • Crystal McNack, Diversity, Equity, and Inclusion Advisor at Enbridge Inc.
  • Dani Milling, Gulf of Mexico Environmental Engineer & Mexico HSE Coordinator at Chevron
  • Katie Zimmerman, Decarbonization Director, Americas at Wood
  • Mark Klapatch-Mathias, Sustainability Coordinator at the University of Wisconsin-River Falls
  • Natalie Valentine, Director - Business Performance at Worley
  • Syed Fahim, Global ESG Lead at SLB
  • Tane Bates, Regional Operations Manager at Certarus LTD
  • Ujunwa Ojemeni, Senior Policy Advisor - Energy Transition & Technical Assistance Delivery at E3G - Third Generation Environmentalism

The Executive Award

  • Cara Hair, SVP of Corporate Services, Chief Legal and Compliance Officer at Helmerich & Payne
  • Emma Lewis, Senior Vice President USGC Chemicals & Products at Shell
  • Jeremy Campbell-Wray, Strategic Accounts and Enterprise Growth Market Executive at Baker Hughes
  • Maggie Seeliger, SVP & Global Head of Strategy, Energy & Resources at Sodexo
  • Max Chan, Senior Vice President, Corporate Development Officer at Enbridge
  • Megan Beauregard, Chief Legal Officer, Secretary, and Head of Policy and Regulatory Affairs at Enel North America, Inc.
  • Sarah Delille, Vice President of US Country Management at Equinor
  • Whitney Eaton, EVP, People & Sustainability at TGS Energy

The JEDI Award

  • Jason Limerick, Sustainability Strategy Lead at Woodside Energy
  • Melina Acevedo, Associate & Partnerships Lead at DE Shaw Renewable Investments

The Entrepreneur Award

  • Charli Matthews, CEO at Empowering Women in Industry
  • Mike Francis, Co-Founder and CEO at NanoTech

The ESG & Climate Champion Award

  • Andrea Hepp, Deal Lead at Shell
  • Brittney Marshall, Senior Advisor, Climate Strategy and Policy at Woodside Energy
  • Gabriel Rolland, Vice President, Corporate QHSE at TGS Energy
  • Sandhya Ganapathy, Chief Executive Officer at EDP Renewables North America

Gritty Girl Award

  • Deepasha Baral, Student at the University of Petroleum and Energy Studies

Best Affinity Group, Employee Resource Group Award, sponsored by ChampionX

  • Baker Hughes
  • ChampionX
  • Shell
  • TPI Composites
  • Women's Energy Network Houston
  • Wood Mackenzie
  • Worley

Best Energy Team Award, sponsored by Ovintiv

  • Advisian Material Handling
  • Halliburton Labs
  • NOV Marketing
  • Syzygy Plasmonics, Rigel Manufacturing & Launch Team

Best Energy Workplaces Award

  • Aera Energy LLC
  • Baker Hughes
  • ChampionX
  • EDP Renewables North America
  • Enel
  • Global Edge Group
  • Shell
  • Southwestern Energy
  • Sunnova Energy International
  • TGS Energy
  • Wood
  • Woodside Energy
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Electric truck charging network expands to Houston-Dallas freight corridor

electric trucking

Greenlane Infrastructure, an electric public charging station developer and operator, is expanding outside of its home state of California and into Texas.

The Santa Monica-based company plans to launch its high-power charging sites along the Dallas–Houston I-45 corridor, which is one of the highest-volume commercial trucking routes in the country, according to a news release from Greenlane.

The sites will feature 6-8 pull-through lanes with chargers supporting combined charging system (CCS) and megawatt charging system (MCS) connectors that allow electric truck drivers to recharge their vehicles during standard rest periods. They will also offer tractor parking and charging, as well as operations that will allow for overnight stops.

Drivers can reserve chargers in advance, monitor charging activity in real time, and manage billing from the Greenlane Edge platform.

“Our customers are making commitments to electrify their fleets, and they need a charging network that can grow alongside them,” Patrick Macdonald-King, CEO of Greenlane, said in the release. “This is the first leg of the Texas triangle, one of the more important freight arteries in the country, so bringing high-power charging there is the next logical step in building a network that serves how freight moves across America.”

Greenlane is also expanding across the West Coast, with five locations under development in California and Nevada. It opened its flagship Greenlane Center in Colton, California, in April 2025. The company plans to open locations in Blythe, California, and Port of Long Beach this year.

Greelane was founded in 2023 as a joint venture between Daimler Truck North America, NextEra Energy Resources and BlackRock. It has secured partnerships with electric long-haul truck developer Windrose Technology, Velocity Truck Centers and Volvo Trucks North America.

Major Oxy announcement, new AI platform, and more Houston energy headlines

Trending News

Editor's note: The top Houston energy headlines for the first half of May include the rollout of a new AI platform and a big announcement from Oxy. Plus, a nuclear reactor company opens a Houston office and a local battery recycling company secures millions in financing. Here are the most-read EnergyCapitalHTX stories published May 1-14, 2026:

1. Houston AI startup rolls out platform to reshape oil and gas workflows

Houston-based Collide is looking to solve AI issues in the energy industry from within. Co-founded by former oil roughneck Collin McLelland, the company has developed AI software for operators and field teams, shaped by firsthand oilfield experience. Its AI-native platform “retrieves and synthesizes data from authoritative sources to deliver accurate, cited, and energy-focused insights to oil and gas professionals,” it says. Continue reading.

2. Houston battery recycling company secures $32M in financing

Houston-based Ace Green Recycling has raised $32 million in private investment in public equity (PIPE) financing to support its future plans for growth. The battery recycling technology company secured the financing with Athena Technology Acquisition Corp. II, a publicly traded special purpose acquisition company that Ace previously announced it plans to merge with. Once the merger is completed, Ace will become a publicly traded company on the Nasdaq Stock Exchange under the ticker symbol "AGXI." Ace says the financing will be used to complete the merger and scale the company. Continue reading.

3. Modular nuclear reactor company opens office in Houston

The nuclear energy renaissance continues in Texas with an announcement by NuScale Power. The Oregon-based provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology announced in April it would be opening office space in Houston’s CityCentre. “Opening this space in Houston underscores our commitment to meeting rising energy demand with safe, scalable nuclear technology,” John Hopkins, NuScale president and CEO, said. Continue reading.

4. Oxy officially announces CEO transition, names successor

Houston-based Occidental (Oxy) has officially announced its longtime CEO's retirement and her successor. Oxy shared that Vicki Hollub will retire June 1. Reuters first reported Hollub's plan to retire in March, but a firm date had not been set. Hollub will remain on Oxy's board of directors. Richard Jackson, who currently serves as Oxy's COO, will replace Hollub in the CEO role. Continue reading.

5. Texas data center proposed by U.S. Army could use more power than El Paso

The U.S. Army is proposing developing a gargantuan, 3-gigawatt data center complex on Fort Bliss property that within a few years would consume more electricity than all of El Paso Electric’s 460,000 customers combined – even as questions about its development, water usage and air pollution remain unanswered. If built, it would be the third major data center project in the El Paso region, along with Meta Platform’s $10 billion facility in Northeast and the $165 billion Project Jupiter campus that Oracle and OpenAI are building in Santa Teresa, New Mexico. The combined scale and size of the three facilities could quickly transform the Borderland into one of the nation’s core hubs of power generation and AI infrastructure. Continue reading.

Houston startup lands $1B from Blackstone and Halliburton, plans acquisition

power deal

Houston-based power generation startup VoltaGrid has nailed down a $1 billion equity investment from asset management heavyweight Blackstone and Houston-based oilfield services provider Halliburton.

The investment comes in two forms:

  • A $775 million primary capital raise
  • A $225 million secondary capital purchase from existing investors

VoltaGrid, founded in 2020, provides behind-the-meter mobile power generation equipment for data centers, microgrids and industrial customers.

Aside from the $1 billion investment, VoltaGrid has agreed to buy Propell Energy Technology, a VoltaGrid supplier, for an undisclosed amount. Propell offers a natural gas power generation platform for AI data centers. VoltaGrid plans to add two manufacturing plants at Propell’s facilities in Granbury, a Dallas-Fort Worth suburb.

The investment and acquisition deals are expected to close in mid-2026.

Funds managed by Blackstone Tactical Opportunities are contributing to the $1 billion investment. William Nicholson, managing director of Blackstone, called VoltaGrid “a highly differentiated platform addressing one of the most important infrastructure needs of the AI era: reliable, rapidly deployable power. This investment is a strong example of Tac Opps’ focus on providing flexible, scaled capital to exceptional entrepreneurs and businesses operating in Blackstone’s highest-conviction investment themes.”

Nathan Ough, founder and CEO of VoltaGrid, said in a release that the Blackstone investment “is a powerful endorsement of the platform we have built and the role VoltaGrid is playing in delivering the energy infrastructure of the AI era.”

Last October, VoltaGrid and Halliburton said they had forged a partnership to supply power for data centers around the world, with the Middle East picked as the initial target. Two months later, the companies said they had arranged the manufacturing of 400 megawatts of natural gas power systems that’ll be delivered in 2028 to support new data centers in the Eastern Hemisphere.

Jeff Miller, president and CEO of Halliburton, said his company’s investment in VoltaGrid “reflects our shared focus on long-term solutions for the world’s most demanding power environments, and advances VoltaGrid’s ability to deliver reliable, distributed power at scale.”

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