Mineral Rights Program

Controlling the Fuel Supply
for Datacenter Power

Sourcerock Energy Production acquires producing and non-producing natural gas mineral rights in the Appalachian Basin (Marcellus and Utica shale) and Permian Basin. Mineral ownership secures behind-the-meter fuel supply for datacenter power generation — creating vertical integration from wellhead to watt with sub-$0.04/kWh electricity.
Vertical Integration

From Wellhead to Watt

By owning the mineral rights, we control the entire energy supply chain — from underground reserves to the electrons powering AI workloads.
Mineral Rights
Acquire gas reserves
→
Production
Extract natural gas
→
BTM Generation
On-site power plant
→
Datacenter
Power AI/compute
Strategic Rationale

Why Mineral Rights Matter

Owning the gas beneath the site transforms the economics of datacenter power. It's the difference between renting your fuel and owning the well.

The Gas-to-Power Advantage

Eliminate commodity price risk — owning the mineral rights locks in fuel cost at extraction cost, not market price

BTM generation in 12-24 months — vs. 3-5+ years for grid interconnection. At least 54 existing BTM datacenters with 46+ more planned

25%+ of new datacenter capacity through 2030 is projected to be served by behind-the-meter solutions

Energy independence — no grid dependency, no utility negotiations, no interconnection queue

The Investment Case

Minerals + surface = maximum value — controlling both creates a vertically integrated asset that commands institutional premiums

Perpetual ownership — mineral rights don't depreciate. They represent a permanent interest in subsurface resources

Multiple revenue streams — royalty income, power generation revenue, and datacenter lease income stack together

Associated gas monetization — in regions like the Permian, associated gas is often undervalued. BTM power unlocks stranded value

Economics

Gas-to-Power by the Numbers

Behind-the-meter natural gas generation is the fastest-deploying, most cost-effective solution for datacenter power at scale.
12-24
Months to Operational
BTM gas power deploys in a fraction of the time of grid interconnection (3-5+ years)
<$0.04
Per kWh Achievable
Multiple operators securing sub-4-cent electricity through gas-to-power
56
GW Planned (BTM)
Combined capacity of 46+ planned BTM datacenter projects across the US
6.8
MMBtu/MWh Heat Rate
Combined-cycle efficiency for modern gas turbines in datacenter applications
2-3x
Cost Basis Multiple
Entitled land with secured power commands premium exit multiples
$2.2-2.5M
Per MW (CC Gas Plant)
Current capital cost for combined-cycle gas generation — offset by faster deployment
Target Basins

Where We're Acquiring

Two of America's most prolific natural gas basins — together producing over half of all US natural gas — are our primary mineral acquisition targets.
Permian Basin

West Texas & New Mexico

22% of US marketed natural gas production

Prolific associated gas production — byproduct of oil extraction, available at low cost for power generation

Gas production grew 12% year-over-year in 2024, with continued expansion

ERCOT deregulated market — enables flexible BTM power without utility gatekeeping

Major midstream networks — Kinder Morgan, Energy Transfer provide extensive gas gathering infrastructure

Appalachian Basin

Pennsylvania, Ohio & West Virginia

31% of US natural gas production (35.6 Bcf/d)

Marcellus & Utica shale — the largest gas producing formation in the US with potential to double output by 2030

Gas supply agreements signed — major producers committed ~1.5 Bcf/d for datacenter power generation

PJM grid at critical capacity — $329/MW/day prices creating massive demand for off-grid alternatives

$15B+ in utility infrastructure committed by AEP and FirstEnergy to support regional datacenter growth

Appalachian Acquisition Targets

Targeted Acreage Positions

Three specific acreage plays in the Appalachian Basin — each positioned near existing datacenter infrastructure and aligned with our gas-to-power strategy.
SW Pennsylvania acquisition target — Washington & Greene Counties
SW Pennsylvania · Washington & Greene Counties
NE Pennsylvania acquisition target — Susquehanna & Bradford Counties
NE Pennsylvania · Susquehanna & Bradford Counties
Ohio / WV Border acquisition target — Belmont & Marshall Counties
Ohio / WV Border · Belmont & Marshall Counties
Acquisition Criteria

What We're Looking For

We acquire mineral interests across a range of structures — from undeveloped acreage to producing royalties — in our target basins.
01

Non-Producing Mineral Rights

Undeveloped acreage in gas-rich formations within our target counties. We acquire, hold, and develop or lease to operators aligned with our gas-to-power strategy.

02

Producing Royalty Interests

Existing production with cash flow from gas wells. Immediate revenue while we develop BTM power infrastructure on adjacent or co-located surface rights.

03

Overriding Royalty Interests (ORRI)

Carved-out interests that provide gas revenue without operating responsibility. Ideal for securing fuel supply commitments from existing well operations.

04

Bundled Surface + Mineral Packages

The ideal acquisition — controlling both the surface for datacenter development and the minerals beneath for dedicated gas-to-power fuel supply.

In the Field

We Know the Ground We're Buying

Sourcerock's principals have boots-on-the-ground experience across Appalachian and Permian Basin operations — evaluating acreage, understanding formations, and identifying the mineral positions that support our gas-to-power strategy.
Explore More
Land Acquisition Program → Behind the Meter Power → Mineral Rights Primer → Appalachian Basin Thesis →
Mineral Owners

Own Gas Mineral Rights in Our Target Basins?

Whether you hold non-producing acreage, active royalties, or bundled surface-and-mineral packages — we're actively acquiring and structured to close quickly.

Get in Touch