By Exec Edge Editorial Staff
Vinson & Elkins advised Coterra Energy Inc. on a behind-the-meter power purchase agreement with PROPWR, a subsidiary of ProPetro Holding Corp., to develop a distributed microgrid at Coterra’s production sites in the New Mexico portion of the Permian Basin.
The Vinson & Elkins team was led by partner Mark Brasher and associate Jake Silver. The project will deliver turnkey, on-site power designed to operate independently from the broader grid, reflecting growing demand for resilient energy infrastructure in the Permian.
ProPetro said the PROPWR contract adds to 190 megawatts of new orders, with deployment expected to begin in the first quarter of 2026.
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