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

$ALPPress releaseSep 29, 2026, 8:30 AM ETRead the release

Alpha Compute's due diligence on the $5.5 million Alpha Energy 02 acquisition estimates roughly 2.9 million barrels of oil in place across 300+ acres in the Marcellus and Utica shales, plus 50-70 Bcf of recoverable gas. The company says the gas could support roughly 100-200 MW of behind-the-meter generation initially, fueling a planned data center targeted for Q1 2028 without selling gas into the discounted Appalachian market.

Key figures

Deal Value Usd: 5500000
Acres: more than 300
Workover capex: $3.5 million
Active oil wells: more than 75
Sustained load mw: [30,60]
Single well eur bcf: [20,40]
Oil in place barrels: 2900000
Wti price assumption: $90 per barrel
Recoverable gas range bcf: [50,70]
Well completion cost range: ["$10 million","$12 million"]
Recoverable oil range barrels: [145000,435000]
Generation capacity mw initial: [100,200]
Illustrative oil value undiscounted: $260 million
Recoverable oil gross revenue range: ["$13 million","$39.1 million"]
Single well gross gas revenue range: ["$40 million","$100 million"]

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