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August 7, 2025

Peter Cook, Editor

Can you have too much of a good thing?  When it comes to news, I think so.  After spending hours reading news and updates on power generation in the Permian and related fields, I just had to stop reading and say “enough is enough” for this week’s newsletter!  We have a great issue this week (it helps that there are so many earnings calls and analysis going on right now).

First, a quick shout-out to so many new speakers who have joined the Permian Power Connection Conference this week!  We are truly honored to have so many industry leaders who are willing to share their expertise with our attendees.  Just in the past week we have added Tracee Bentley (Permian Strategic Partnership), Justin Ballard (Texas Energy Group and Co-Host of the Energizing Bitcoin & AI podcast), Jake Corley (Corley Energy and Co-Founder of Digital Wildcatters and Co-Host of the Energizing Bitcoin & AI podcast), Beau Egert (Conduit Power), Ed Eichstetter (EKU Power Drives), Josh Evans (HiVolt), Mark Dzeda (Industrial Tax Consultants), Dustin Fawcett (Ector County Judge), Wes Finch (Crosscut Gas Partners), Denis Krysanov (Heologic Group), Brooks Landgraf (Texas State Representative, District 81), Ed Myers (Long Ridge Energy), Tim Ondrak (Atlas Energy Solutions), Kevin Searcy (Energy Consultant), and Caroline Wylie (Texas Nuclear Alliance).  That is some serious brain-power!

And we’re thrilled to welcome many new sponsors to the event!  In the past week we have added Life Cycle Power (Gold Sponsor), PICO Propane and Fuels (Gold Sponsor), LIUM Research (Data Sponsor), BT Trailers (Silver Sponsor), EKU Power Drives (Silver Sponsor), Jenbacher (Silver Sponsor), City Bank (Logo Sponsor), and Energizing Bitcoin & AI (Media Partner).  And there are a lot more conversations in the works!  Don’t miss this opportunity to showcase your company and services to industry leaders in growth mode!

And now, the news…

Permian Power Digest Issue #18

Local TV News Airs A Segment On The Permian Power Opportunity

Check out this quick segment from Midland’s ABC news station anchor Chris Talley on Permian power.

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ProPetro Secures 10-Year, 80 MW Capacity Contract in Permian with E&P Customer

ProPetro and their power division, PROPWR (Platinum Sponsors for the Permian Power Connection Conference!) announce a large power deal with an E&P customer. Congratulations to Sam Sledge, Travis Simmering, and Dave Bosco!

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Coterra Announces a New Power Deal in the Permian

Coterra is announcing a new power netback gas sale agreement with CPV Basin Ranch Energy Center, a proposed 1,350 megawatt (MW) combined-cycle natural gas power plant designed with the option to include a carbon capture system.

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Riley Permian Provides Update on Leaning into Power Opportunities

During the second quarter, RPC Power, Riley’s joint venture with Conduit Power, continued to expand their load for the company, plus they entered into a purchase agreement for battery energy storage systems, which are planned for installation at the Texas facility to complement the currently operational thermal generation units.

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ONEOK Sanctions $365MM Sour Gas Plant in Delaware Basin

The Big Horn plant will have a capacity of 300 MMcf/d and have the ability to treat gas with a high amount of CO2.

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US E&P Devon Increases Pivot to LNG-Linked Pricing

Two new gas supply agreements — with an LNG producer and a power plant — will help reduce US independent Devon Energy's exposure to weak domestic gas prices as the company's production of associated gas soars in the prolific Permian Basin of Texas and New Mexico.

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Enterprise to buy Occidental gas gathering affiliate, build new Midland Basin gas processing plant

The deal includes 200 miles of natural gas gathering pipelines that support Occidental's production activities in the basin, for $580M in cash.

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Enbridge targets upper end of 2025 EBITDA guidance amid project expansion and data center growth

Ebel noted, "Meta represents a new addition to our growing list of AI and data center-related customers."

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Exxon Mobil Is Taking A Different Approach To Data Center Power Opportunities

During the company’s recent earnings call, their CEO said: "We’re interested in data centers, not from the power standpoint, but for our ability to decarbonize them to the extent that these hyperscalers want decarbonized power… We are interested in the low-carbon data centers and obviously, power is a piece of that. But if there's no decarbonization that goes along with that or no potential decarbonization that goes along with that, I wouldn't see us getting into that business… we’re not interested in a power gen business.”

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Abilene featured in AI conversation on Theo Von’s podcast

Amid the dust and noise of a construction site in Abilene, Texas, OpenAI CEO Sam Altman shared a moment of awe during a recent conversation with comedian and podcaster Theo Von on This Past Weekend w/ Theo Von.

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Incentivizing the Digital Future: Inside America’s Race to Attract Data Centers

We’ll be talking about this topic at the Permian Power Connection Conference, but this article unpacks how power, policy, and pressure are reshaping the future of data center site selection.

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Arizona utilities lock in Permian fuel supply for gas plants to power data center boom

Permian-to-Arizona pipeline backed by major utilities: APS and SRP are securing capacity on Energy Transfer’s 516-mile Desert Southwest expansion.

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Podcast: Revamping Power Systems: Insights from Industry Leader John Fisher

Energy Espresso host Dave Bosco host Dave Bosco sits down with John Fischer (Managing Partner at National Service Alliance (NSA) and Quad Plus) to explore the critical role of service in the energy sector, the ongoing evolution of electrification, and the promising future of DC transmission systems.

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Who Wants to Network in Houston Next Week?

Join industry peers in Houston (Spring, TX) on August 14th for a fun pickleball outing. We'll be there! Let's talk power.

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Podcast: Bitfarms’ Dream Team Pivots from Bitcoin to AI

Energizing Bitcoin's Justin Ballard & Jake Corley sit down with Bitfarms power duo Rachel Silverstein and Alex Brammer to map out Bitfarms’ high-voltage pivot from pure Bitcoin mining to hyperscale AI infrastructure.

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Clean Rig Power unveils battery-powered well service rig, cutting emissions and noise

“It is a traditional well servicing rig with all the capabilities but powered by batteries. That gives more control of the rig compared to a diesel engine,” said Glenn Schaller, director of business development at Clean Rig, told the Reporter-Telegram.

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One man's trash is another man's treasure!

Frequent subzero nat gas prices at Permian Waha Hub are a competitive advantage for Permian hi-tech facilities like AI data centers and crypto mines.

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POWER PEOPLE: New COO At Conduit, A Platinum Sponsor For Our Upcoming Conference

Matthew Bulpitt joins Conduit as Chief Operating Officer. Conduit will have a strong presence at the Permian Power Connection Conference this September.

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Shanu Mathew Provides Highlights from the Bloom Energy Call

AI power demand creating massive market opportunity: Hyperscalers spending >$500B in 2025 CapEx requiring $50B in power infrastructure; 40% of data centers now considering islanded power vs 20% six months ago.

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The Day When We Spend More on Data Center Construction than on Office Space is Fast Approaching!

Only 5 years ago, office construction spending was 7x data center spending! Hat tip to Joey Politano.

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Data Center Construction Approaching $40B Annualized

Spending has tripled since the launch of ChatGPT.

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Gas versus renewables: how will the power demand of data centres be met?

Article looks at the growth of various power options in Texas as the demand for power increases.

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Riot mines 484 bitcoin in July amid 160% surge in power credits

Riot participates in ERCOT’s Four Coincident Peaks program in Texas and MISO’s demand response programs in Kentucky, so when heatwaves stress the grid’s electricity supply in summer months, Riot’s hashrate utilization declines depending on how much it curtails power draw.

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Vantage Breaks Ground in Texas: 1,000+ Acre Hyperscale Campus Coming to Shackelford County

DigitalBridge-backed Vantage continues to scale hard and fast — and this project shows that Tier II locations are officially on the hyperscaler map. Hat tip to Ben Sooter. One of his many great posts on LinkedIn.

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