Verde Clean Fuels suspends Permian Basin project development

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Go back to Verde Clean Fuels suspends Permian Basin project development

Verde Clean Fuels, Inc. Announces Suspension of Development of Permian Basin Project

February 6, 2026 4:15 PM EST

HOUSTON--(BUSINESS WIRE)-- Verde Clean Fuels, Inc. (NASDAQ: VGAS) (Verde or the Company) announced today the suspension of development of its Permian Basin project primarily as a result of changing market conditions driven by increasing demand for natural gas in the Permian Basin.

In February 2024, the Company and Cottonmouth Ventures, LLC ("Cottonmouth"), a wholly-owned subsidiary of Diamondback Energy, Inc.... More