Houston-based Southwestern Energy Co. has hired Clayton Carrell as executive vice president and COO. Carrell previously served as vice president and COO of Houston-based EP Energy Corp. — previously part of El Paso Corp. — since 2012.

The team behind Houston’s fastest-growing private company has launched a new electricity retail brand, Volterra Energy, focused on charitable causes. Volterra will make donations to partner charities for each new person who signs up, and it could also offer the employees of some of its partners discounted rates for their own electricity. “When you have access to an industry where everyone is a customer, there are ways to tweak it not just for your benefit, but for the benefit of others,” CEO Neville Ravji said.

Phillips 66 and Kinder Morgan Inc. both announced growth spending plans for 2018. Phillips 66 plans to spend $1.4 billion on growth, while Kinder Morgan will invest $2.2 billion on “expansion projects and other discretionary spending,” according to respective press releases from the companies.

Illinois-based manufacturer Dover Corp. said it plans to spin off its upstream business as a standalone, publicly-traded company. Dover plans to execute the deal in the second quarter of 2018 at the latest. The unnamed new company, which Dover is calling “Wellsite” for now, will be based in The Woodlands.

EnCap Flatrock Midstream LP, a San Antonio-based private equity firm, has secured about $2.2 billion in commitments from investors so far this year, according to U.S. Securities and Exchange Commission filings. The firm is in the midst of raising capital for its latest fund, which is set to close in January with a target of $3.25 billion.

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