New Era Helium JV TCDC Updates on 250MW AI Data Center Campus Development Site in Permian Basin

New Era Helium Inc. (NEHC) has completed due diligence on a 235-acre site for its 250MW AI data center campus in Ector County, with closing expected by the end of the month. The joint venture, Texas Critical Data Centers LLC, is advancing permitting and infrastructure planning. The company is focused on unlocking the full value of its Permian Basin assets and capturing multi-sector growth across helium, power, and data infrastructure.

New Era Helium Inc. (NEHC), a leading exploration and production platform in the Permian Basin, has completed due diligence on a 235-acre site for its 250MW AI data center campus in Ector County, Texas. The company anticipates closing the transaction by the end of the month [1].

The project, a joint venture between New Era Helium and Sharon AI, Inc., aims to develop a compute campus in the Permian Basin. The company's subsidiary, Texas Critical Data Centers LLC (TCDC), is advancing permitting and infrastructure planning as part of this mission [1].

New Era Helium controls over 137,000 acres in Southeast New Mexico, with more than 1.5 Bcf of proved and probable helium reserves. Through its joint venture with Sharon AI, NEHC is capturing multi-sector growth across helium, power, and data infrastructure [1].

This development aligns with New Era Helium's strategy to unlock the full value of its Permian Basin assets and capitalize on the growing demand for data infrastructure. The company is committed to advancing its business strategy and future operating results, while managing risks and uncertainties inherent in the industry [1].

References:
[1] https://www.businesswire.com/news/home/20250711086215/en/New-Era-Helium-JV-TCDC-Provides-Update-on-Its-250-MW-AI-Data-Center-Campus-Development-Site