Allied Energy Fuels the Future of Crypto with Groundbreaking Natural Gas Agreement
Allied Energy (OTC: AGYP) has announced a Natural Gas Purchase and Sale Agreement with River Energy Group and Louis Energy Gas Texas for the Thiel Well 1 in Washington County, Texas. The agreement will power a cryptocurrency mining facility with 2-3.5 megawatt capacity.
The facility, strategically located near the wellhead, will utilize natural gas to support Louis Energy's mining operations. According to December 2024 Texas Railroad Commission data, Texas leads U.S. natural gas production with 25% market share, producing over 11 billion cubic feet daily in 2023.
The agreement includes exclusive natural gas supply from Well 1, development of crypto datacenter infrastructure with minimum one-megawatt capacity, and commitment to sustainable operations. The U.S. currently leads global Bitcoin mining with 37% of the global hash rate, according to the Cambridge Centre for Alternative Finance.
Allied Energy (OTC: AGYP) ha annunciato un Contratto di Acquisto e Vendita di Gas Naturale con River Energy Group e Louis Energy Gas Texas per il Thiel Well 1 nella Contea di Washington, Texas. L'accordo alimenterà un impianto di mining di criptovalute con una capacità di 2-3,5 megawatt.
L'impianto, situato strategicamente vicino al pozzo, utilizzerà gas naturale per supportare le operazioni minerarie di Louis Energy. Secondo i dati della Commissione Ferroviaria del Texas di dicembre 2024, il Texas guida la produzione di gas naturale negli Stati Uniti con una quota di mercato del 25%, producendo oltre 11 miliardi di piedi cubici al giorno nel 2023.
L'accordo include una fornitura esclusiva di gas naturale dal Pozzo 1, lo sviluppo di un'infrastruttura di centro dati per criptovalute con una capacità minima di un megawatt e un impegno per operazioni sostenibili. Attualmente, gli Stati Uniti guidano il mining di Bitcoin a livello globale con il 37% del tasso di hash globale, secondo il Cambridge Centre for Alternative Finance.
Allied Energy (OTC: AGYP) ha anunciado un Acuerdo de Compra y Venta de Gas Natural con River Energy Group y Louis Energy Gas Texas para el Pozo Thiel 1 en el Condado de Washington, Texas. El acuerdo alimentará una instalación de minería de criptomonedas con una capacidad de 2-3,5 megavatios.
La instalación, estratégicamente ubicada cerca del pozo, utilizará gas natural para apoyar las operaciones de minería de Louis Energy. Según datos de la Comisión de Ferrocarriles de Texas de diciembre de 2024, Texas lidera la producción de gas natural en los EE. UU. con una participación de mercado del 25%, produciendo más de 11 mil millones de pies cúbicos diarios en 2023.
El acuerdo incluye un suministro exclusivo de gas natural del Pozo 1, el desarrollo de infraestructura de centros de datos de criptomonedas con una capacidad mínima de un megavatio y un compromiso con operaciones sostenibles. Actualmente, los EE. UU. lideran la minería de Bitcoin a nivel global con el 37% de la tasa de hash mundial, según el Cambridge Centre for Alternative Finance.
Allied Energy (OTC: AGYP)는 텍사스 워싱턴 카운티의 Thiel Well 1에 대해 River Energy Group 및 Louis Energy Gas Texas와 천연가스 구매 및 판매 계약을 체결했다고 발표했습니다. 이 계약은 2-3.5 메가와트 용량의 암호화폐 채굴 시설에 전력을 공급할 것입니다.
시설은 우물 근처의 전략적 위치에 있으며, Louis Energy의 채굴 작업을 지원하기 위해 천연가스를 사용할 것입니다. 2024년 12월 텍사스 철도 위원회의 데이터에 따르면, 텍사스는 미국의 천연가스 생산에서 25%의 시장 점유율로 선두를 달리고 있으며, 2023년 일일 생산량은 110억 입방 피트를 초과했습니다.
계약에는 Well 1의 독점적 천연가스 공급, 최소 1메가와트 용량을 갖춘 암호화 데이터 센터 인프라 개발 및 지속 가능한 운영에 대한 약속이 포함되어 있습니다. 현재 미국은 전 세계 해시율의 37%를 차지하며 글로벌 비트코인 채굴을 선도하고 있습니다. 이는 Cambridge Alternative Finance Center에 따른 것입니다.
Allied Energy (OTC: AGYP) a annoncé un Accord d'Achat et de Vente de Gaz Naturel avec River Energy Group et Louis Energy Gas Texas pour le Thiel Well 1 dans le Comté de Washington, Texas. Cet accord alimentera une installation de minage de cryptomonnaies avec une capacité de 2-3,5 mégawatts.
L'installation, stratégiquement située près du puits, utilisera du gaz naturel pour soutenir les opérations minières de Louis Energy. Selon les données de la Commission des chemins de fer du Texas de décembre 2024, le Texas est le leader de la production de gaz naturel aux États-Unis avec une part de marché de 25 %, produisant plus de 11 milliards de pieds cubes par jour en 2023.
L'accord comprend un approvisionnement exclusif en gaz naturel du Well 1, le développement d'une infrastructure de centre de données cryptographiques avec une capacité minimale d'un mégawatt, et un engagement envers des opérations durables. Actuellement, les États-Unis dominent le minage de Bitcoin à l'échelle mondiale avec 37 % du taux de hachage mondial, selon le Cambridge Centre for Alternative Finance.
Allied Energy (OTC: AGYP) hat eine Kauf- und Verkaufsvereinbarung für Erdgas mit der River Energy Group und Louis Energy Gas Texas für den Thiel Well 1 im Washington County, Texas, bekannt gegeben. Diese Vereinbarung wird eine Kryptowährungs-Mining-Anlage mit einer Kapazität von 2-3,5 Megawatt versorgen.
Die Anlage, die strategisch in der Nähe des Bohrlochs gelegen ist, wird Erdgas nutzen, um die Mining-Operationen von Louis Energy zu unterstützen. Laut Daten der Texas Railroad Commission vom Dezember 2024 führt Texas die Erdgasproduktion in den USA mit einem Marktanteil von 25 % an, und produziert im Jahr 2023 mehr als 11 Milliarden Kubikfuß täglich.
Die Vereinbarung umfasst eine exklusive Erdgasversorgung vom Well 1, den Ausbau der Infrastruktur für Krypto-Datenzentren mit einer Mindestkapazität von einem Megawatt sowie das Engagement für nachhaltige Betriebsabläufe. Die USA führen derzeit das globale Bitcoin-Mining mit 37 % der globalen Hashrate an, wie das Cambridge Centre for Alternative Finance berichtet.
- Secured exclusive natural gas supply agreement for cryptocurrency mining operations
- Strategic positioning in Texas, the largest U.S. natural gas producing state
- Guaranteed customer for Well 1's natural gas production
- Potential for expansion beyond initial 2-3.5 megawatt operation
- Significant capital investment required for mining facility infrastructure
- Subject to cryptocurrency market volatility and pricing risks
- Pending regulatory approvals and permits
MCKINNEY, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) (“Allied Energy”) proudly announces a transformative Natural Gas Purchase and Sale Agreement with River Energy Group, LLC and Louis Energy Gas Texas, Inc. This collaboration positions Allied Energy at the forefront of both the energy and digital economies, helping to power the next generation of cryptocurrency data centers while embracing sustainable and efficient natural gas usage.
With exclusive rights granted to Louis Energy Gas Texas, Inc. to purchase natural gas from the Thiel Well 1 in Washington County, Texas, this agreement is set to energize a state-of-the-art cryptocurrency mining facility. Strategically located near the wellhead, this facility is designed to meet the rapidly growing energy demands of the digital economy.
As of the latest Texas Railroad Commission data from December 2024, Texas continues to lead in natural gas production, with the state accounting for nearly
In addition, according to the Cambridge Centre for Alternative Finance, the U.S. is the world leader in Bitcoin mining, with approximately
Key Highlights of the Agreement Include:
- Exclusive Natural Gas Supply: Allied Energy and River Energy will deliver a steady and exclusive natural gas supply from Well 1, providing a reliable and cost-effective energy source to power Louis Energy Gas Texas, Inc. mining operations.
- Crypto Datacenter Infrastructure: Louis Energy Gas Texas, Inc. will build and operate a state-of-the-art mining facility with a minimum one-megawatt power generation capacity, with plans for future expansion to meet future energy demands.
- Sustainability and Efficiency: This collaboration is committed to utilizing natural gas in the most efficient and sustainable manner possible, supporting a greener, more energy-efficient future for the crypto currency sector.
- Regulatory Compliance: Louis Energy Gas Texas, Inc. is fully dedicated to securing all required regulatory approvals and permits, ensuring that every aspect of the project meets rigorous environmental and safety standards.
“We are thrilled to be partnering with River Energy and Louis Energy Gas Texas, Inc. on this exciting new venture,” said George Monteith, CEO of Allied Energy. “This agreement marks a major milestone for Allied Energy, highlighting our dedication to providing sustainable energy solutions for the rapidly growing crypto currency sector. It also positions us to play a pivotal role in the expanding natural gas market, supporting long-term growth and innovation.”
This agreement represents a key moment for both the energy and technology industries, underscoring the importance of sustainable, reliable energy in powering the future of digital economies worldwide.
About AGYP:
Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve.”
About River Energy Group, LLC:
River Energy Group, LLC brings over 90 years of expertise in the commodities, derivatives, and financial services sectors. The company has partnered with Allied Energy Corporation through a joint venture to identify, secure, and allocate stranded and flared natural gas resources. Their focus is on transforming these resources into resilient and reliable stand-alone microgrids, advancing sustainable energy solutions.
About Louis Energy Gas Texas, Inc.:
Louis Energy Gas Texas, Inc. is a forward-thinking energy company specializing in the development, operation, and optimization of innovative energy solutions. The company focuses on providing high-capacity, sustainable energy to diverse industries, with a notable emphasis on powering crypto currency data centers. Louis Energy Gas Texas, Inc. is committed to advancing renewable energy technologies while ensuring operational efficiency, reliability, and regulatory compliance across all its projects. Through strategic partnerships and cutting-edge infrastructure, Louis Energy Gas Texas, Inc. continues to play a pivotal role in driving Texas’ energy future forward.
Safe Harbor Statement:
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.
Contact:
Allied Energy Corporation
Phone: 972-632-2393
Email: info@alliedengycorp.com
Twitter: https://twitter.com/AlliedEnergyCo1
FAQ
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