- New Era Helium, Inc. (NEHC, Financial) updates on 250MW AI data center land acquisition.
- TCDC joint venture completes due diligence on a 235-acre site in Ector County.
- Land transaction remains on schedule, closing expected by month-end.
New Era Helium, Inc. (NEHC), a cutting-edge exploration and production company, has announced significant progress in its joint venture with Texas Critical Data Centers LLC (TCDC) regarding their planned 250MW AI and high-performance computing (HPC) data center campus. The due diligence process, including a Phase 1 study, for the 235-acre site in Ector County has successfully concluded, paving the way for the upcoming land transaction to close by the end of the month.
TCDC, in collaboration with Sharon AI, Inc., is steadily advancing the permitting and infrastructure planning phases for the compute campus situated in the Permian Basin. This strategic development aligns with NEHC’s broader initiative to capture growth opportunities across multiple sectors, including helium, power, and data infrastructure.
New Era Helium controls more than 137,000 acres in Southeast New Mexico, boasting over 1.5 billion cubic feet (Bcf) of proven and probable helium reserves that are produced alongside natural gas. The company continues to focus on leveraging its assets in the Permian Basin to facilitate its expansion in the AI infrastructure space.
Further updates on the data center project will be shared as they become available. Investors and interested stakeholders are encouraged to visit New Era Helium’s official website for more information.
