- New Era Helium, Inc. (NEHC, Financial) is in active discussions to expand AI infrastructure in Texas.
- The company is planning board expansion to support its AI strategy.
- Potential significant data center expansion could transform digital infrastructure in the Permian Basin.
New Era Helium, Inc. (NEHC), a leading exploration and production platform situated in the Permian Basin, has announced ongoing discussions to anchor a strategic AI infrastructure expansion in Ector County, Texas. In collaboration with its joint venture, Texas Critical Data Centers, LLC (TCDC), the company is positioning itself to meet the growing demand for high-performance computing (HPC) development, tapping into the abundant local energy resources.
As part of these efforts, TCDC is seeking additional land to enhance its data center campus, potentially allowing for a substantial increase in powered capacity. This move aims to establish a transformative digital infrastructure footprint, aligning with the surging need for AI computing power.
Furthermore, New Era Helium is in the process of expanding its board by identifying three candidates with specialized knowledge in energy, infrastructure, and digital innovation. The completion of due diligence on these appointments is expected to bolster the company’s governance and support its long-term growth initiatives.
E. Will Gray II, CEO of NEHC, emphasized the strategic importance of the company's location in the Permian Basin, stating, “Our vision is to power the next era of AI infrastructure from the heart of America’s energy backyard, the Permian Basin. Interest in Texas Critical Data Center validates the value of our location and our strategy. We’re committed to building out a scalable, resilient platform to meet the rising energy demands of AI.”
New Era Helium, Inc. holds significant assets in the Permian Basin, with control over 137,000 acres and more than 1.5 billion cubic feet of proved and probable helium reserves. Through its venture with TCDC, NEHC is poised to capture multi-sector growth opportunities across helium, power, and data infrastructure.
