(Source: Shutterstock)
Texas Critical Data Centers (TCDC), the joint venture (JV) between New Era Helium and Sharon AI, has signed a nonbinding agreement with an undisclosed “global provider of High Performance Cloud for AI and Modern Workloads,” according to a July 1 news release.
The prospective customer is scaling its global artificial intelligence (AI) operations and has identified TCDC’s Ector County, Texas, location as a potential site as it grows operations.
“This agreement marks a pivotal step in aligning our energy platform with the surging demand for AI infrastructure,” New Era Helium CEO E. Will Gray II said in a news release. “By combining our strategically located assets in the Permian Basin with a next-gen AI partner, we’re unlocking a powerful opportunity to participate in the digital buildout of tomorrow’s economy right at the intersection of energy and innovation.”
As part of terms outlined in the letter of intent, TCDC said it contemplates acquiring land and a 250-megawatt power purchase agreement for behind-the-meter electricity to support advanced data center operations and next-generation compute infrastructure. The JV’s planned facility is being designed to meet Big Tech’s growing electricity demands.
“Work is progressing on final site due diligence on its [initial] 235 acres, which is set to close on or before July 10, 2025,” New Era Helium said in the release. “The next project milestones are expected to include updates on natural gas supply and advancing grid interconnection planning.”
Recommended Reading
Diversified CEO: Gas Fervor Grows on LNG, Midstream Momentum
2025-05-21 - Diversified Energy manages more than 64,000 wells nationwide but drills none itself. But the company’s recent Cherokee JV and western Haynesville deals give exposure to emerging plays without drilling risks.
Chevron Inks Another 1 mtpa from ET’s Lake Charles LNG
2025-06-25 - Chevron has now signed on for a total of 3 mtpa of total contracted volume for 20 years from Energy Transfer’s Lake Charles LNG.
Kinder Morgan Sees Strong Gas Market, Despite Political Noise
2025-04-17 - Kinder Morgan is undeterred by “perceived ups and downs” in the natural gas market, said Executive Chairman Rich Kinder during the company’s first earnings call of 2025.
Latin America Playing Small Ball—at Steep Prices—for LNG
2025-05-28 - Gas sold at a Henry Hub prices of $3.50/MMBtu in the U.S. can fetch between $10/MMBtu to $14/MMBtu in Latin America.
TC Energy Northeast US Expansion Project Enters Service
2025-07-07 - The Eastern Panhandle Expansion pipeline will bring 47 MMcf/d to developing areas in West Virginia, TC Energy said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.