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) agreed to acquire operating oil and gas assets for $5.5 million
- ➤2.9 million barrels of remaining oil in place, with $13M-$39.1M recoverable revenue estimate
- ➤One gas well could support 100-200 MW initially and 30-60 MW for 10 years
- ➤50-70 Bcf of recoverable gas estimated across the 300-acre Marcellus-Utica block
- ➤Gas well completion projected to cost approximately $10M-$12M
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”
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 / ACCESS Newswire / September 29, 2026 / 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.
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