The AI boom has a dirty secret. It runs on fossil fuels. Chevron just proved it.

The oil giant entered an exclusivity deal with Microsoft this week to build a $7 billion natural gas power plant in the heart of the Permian Basin. The sole purpose is keeping Microsoft's AI data centers running. 2,500 megawatts to start. Scalable to 5 gigawatts. First power expected 2027.

Chevron isn't alone. LandBridge locked up 3,400 acres in Reeves County this week for another 2 gigawatt gas-powered data center campus right off the Waha Hub. Nine similar projects have been proposed across West and North Texas in the last two years alone.

Silicon Valley Needs the Permian Basin

Chevron's CEO said it out loud at CERAWeek: "Power really is becoming the great limiting element for growth." So they came to us.

The gas coming out of the ground next to your location isn't just heating homes anymore. It's running ChatGPT. It's training AI models. It's powering the most valuable industry on earth right now.

Silicon Valley needs the Permian Basin more than the Permian Basin needs Silicon Valley.