Alpha Compute to buy Pennsylvania oil, gas assets for USD 5.5 million

Bitget2026/09/29 11:03

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Alpha Compute announced a USD 5.5 million purchase of operating oil and gas assets in Pennsylvania, first disclosed on Sept. 22, 2026.
Deal covers more than 300 acres across the Marcellus and Utica shales, including producing wells and a test gas well.
Company estimates about 2.9 million barrels of remaining oil in place, implying roughly USD 260 million gross in-place value at $90 WTI.
Gas potential is estimated at 50-70 Bcf across the acreage, targeting 100-200 MW of behind-the-meter generation for a data center.
Planned workover spending totals about USD 3.5 million; completing the gas well is estimated at USD 10-12 million per well.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alpha Compute Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609290700PRIMZONEFULLFEED9835688) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Alpha Compute to buy Pennsylvania oil, gas assets for USD 5.5 million

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