Chevron

May 18, 2026

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Opposition Hits 70%. The Siting Playbook Just Got Three Items Longer.

Chevron's Energy Forge One subsidiary is seeking $227 million in JETA tax savings over ten years for a West Texas gas plant tied to a Microsoft exclusivity deal, part of roughly 100 GW of gas capacity nationally under development for datacenter-only service per Global Energy Monitor.

May 15, 2026

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Behind-the-Meter Gas Is the New Default. Chevron Just Set the Texas Template.

Chevron's Energy Forge One subsidiary applied for a $227 million JETI tax break on a 2,500 MW gas plant near Pecos to serve a proposed Microsoft AI campus, bypassing ERCOT's 300+ GW interconnection queue entirely.

May 12, 2026

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Three Deals, One Thesis: The Capital Stack Is Buying Electrons Now

Chevron and Engine No. 1 brought Microsoft into their gas partnership for a West Texas campus; Google's working with Crusoe on gas at the Goodnight campus in the Panhandle.

April 23, 2026

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Capital Front-Runs the Forecast: $2B Lands Before ERCOT Hits 367 GW

A potential Microsoft-Chevron project in West Texas carries an 11.5 million-ton permit by itself.

April 12, 2026

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400 Projects, Two Unanswered Questions, One Legislative Clock

Meanwhile, Chevron plans a 2.5 GW (expandable to 5 GW) behind-the-meter gas power complex in the Permian for a single hyperscale customer, targeting commercial operation in 2027.

April 9, 2026

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Nine Months to Shape the Rules Texas Is About to Write

Microsoft, Chevron, and Engine No. 1 are in exclusive talks over a $7 billion, 2,500 MW gas plant in West Texas.

April 5, 2026

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West Texas Is Open for Business. Austin Is About to Set the Terms.

Chevron and Microsoft signed an exclusivity agreement to negotiate a 2.5-to-5 GW colocated gas-and-compute campus in the Permian Basin.

March 25, 2026

Pacifico Energy, Chevron, ExxonMobil, and Diamondback Energy are constructing private gas-fired power plants in West Texas to feed data centers directly, sidestepping ERCOT's interconnection queue.

March 24, 2026

Chevron, Exxon Mobil, and Diamondback Energy are entering commercial electricity generation for the first time.

February 26, 2026

ExxonMobil partnered with NextEra on a 1.2 GW gas plant dedicated to datacenter supply; Chevron teamed with GE Vernova on similar projects.

February 23, 2026

Fermi America's Project Matador near Amarillo is permitted for 6 GW; Chevron announced its first-ever power plant at up to 5 GW for AI workloads in West Texas.

February 21, 2026

Meta, OpenAI, Oracle, Chevron, and xAI are all pursuing variants of this model in at least nine states.

February 19, 2026

ExxonMobil and NextEra are building a 1.2 GW dedicated gas plant; Chevron partnered with GE Vernova on gas-fired datacenter supply.

February 14, 2026

GW Ranch joins Fermi America's 6 GW Project Matador near Amarillo and Chevron's planned 5 GW facility in West Texas in a concentration of behind-the-meter gas generation that has no parallel outside China.