Alpha Compute Operating Oil and Gas Assets Due Diligence Estimates 2.9 million barrels of Oil Reserves and $100 million in Natural Gas reserves that can power 200MW for Data Center
Key Highlights
- ➤Alpha Compute (ALP) paid $5.5 million for operating oil and gas assets
- ➤Assets include more than 75 active oil wells and approximately 2.9 million barrels remaining oil-in-place
- ➤One gas test well could support approximately 100–200 MW initially
- ➤Planned data center targets Q1 2028, with estimated 200 MW power capacity
- ➤Gas assets across 300 acres estimated at 50–70 Bcf recoverable
Expert Statements
Enzo Villani, Executive Chairman and President of Alpha Compute Corp.
“We paid $5.5 million for an operating business that produces oil and cash flow today, and that sits on roughly 2.9 million barrels of oil in place and one gas well ready to complete.”
Enzo Villani, Executive Chairman and President of Alpha Compute Corp.
“Our updated geological work, modern appraisals and third-party reserve engineering are underway, and we expect them to support a substantial revaluation of these assets on our balance sheet. In the meantime, the site pays for itself.”
Brittany Kaiser, CEO of Alpha Compute Corp.
“This acquisition gives Alpha Compute something few AI infrastructure companies have: the fuel, the land and the compute on a single asset.”
Brittany Kaiser, CEO of Alpha Compute Corp.
“With one well already drilled. Completing them is the fastest path in Pennsylvania to behind-the-meter power for our next data center, and we will do it under Pennsylvania DEP oversight, in partnership with the county and with the local community at the forefront of our plans.”
Pittsburgh, PA, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a vertically integrated technology pioneer in Sovereign Intelligence, Confidential Compute and GPU-as-a-service (GPUaaS), today announced an update on the Alpha Energy 02 transaction, first announced on September 22, 2026 with a total purchase price is USD $5.5 million.
Last week, Alpha Compute’s oil, gas, and minerals leadership visited the property to review additional due diligence documents, met with the sellers/managers, and toured the pad sites. Information on the operations, financials, on-site verification of well resources, and equipment inventory were obtained and completed.
Get started
Create a free account to read the full story.