GridAI signs deal to buy Wyoming gas producer for AI power push targeting 2027

GridAI Technologies is seeking to turn an operating Wyoming gas business into an electricity supplier for AI campuses. On November 13, 2026, it signed a definitive agreement to acquire Pronghorn Resources, targeting an initial 300 megawatts of power delivery in 2027. The transaction is pending, and the electricity plan requires developing generation around Pronghorn’s existing assets.

From producing wells to dedicated electricity

The proposed purchase uses a share exchange agreement. Pronghorn operates in Wyoming’s Powder River Basin, where its producing wells, pipelines and other infrastructure would supply the foundation for GridAI’s power-development strategy. GridAI says the business includes about 3,200 producing natural-gas wells and infrastructure representing roughly $1.7 billion in historical capital spending. That spending describes the existing asset base, not the acquisition price.

GridAI intends to build dedicated natural-gas-fired generation for large AI computing campuses. It calls this behind-the-meter power: generation dedicated to serving the campuses, with grid-connected or grid-supported infrastructure added where appropriate. The company’s stated aim is to reduce reliance on conventional utility connection schedules, rather than make every project entirely independent of the grid.

The assets span several inputs needed for that development, according to GridAI:

• Fuel and transport: Nearly 100 million cubic feet of gross gas production daily, plus more than 450 miles of owned gathering and pipeline infrastructure.
• Resource interests: Approximately 1 million acres of mineral and leasehold interests across the Powder River Basin.
• Water and sites: Nearly 14 million gallons of daily water production, with potential industrial and cooling uses, and identified sites for power plants and data-center campuses.

300 MWInitial power delivery target

GridAI targets this initial delivery in 2027.

Up to approximately 600 MWEstimated generation fuel potential

GridAI’s estimate converts current gas output into potential electricity generation. It is not installed capacity and depends on efficiency, operating conditions and continued deliverable gas volumes.

Keeping gas sales while building a power business

GridAI does not intend to abandon Pronghorn’s existing gas business while pursuing electricity customers. Its strategy is to preserve the economics of gas production and sales, seek long-term power supply agreements, and use land, water and infrastructure to obtain ownership interests in campuses it helps develop. The proposed business therefore reaches beyond selling fuel or electricity alone.

Production growth is also part of the plan. GridAI describes an ongoing well workover and rehabilitation program, alongside planned drilling, intended to increase gas output as power requirements expand. CEO Jason Sawyer said phased development would be aligned with customer commitments, financing and project approvals. Those conditions govern the buildout; the existing gas operation does not itself settle the electricity delivery schedule.

Nuclear rights are a longer-term option

A directly linked agreement would add another development route. GridAI signed with Sigma9 Capital to obtain exclusive Wyoming development rights under Sigma9’s joint venture with 1st American Nuclear Co., or FANCO. Assignment of those rights takes effect only when the Pronghorn acquisition closes.

FANCO’s Bridge Power approach envisions commercially available generation first, followed by small modular nuclear reactors as they become commercially available and receive regulatory approvals. The proposed transition would add nuclear capacity alongside operating generation, rather than require wholesale replacement. GridAI describes nuclear as a complementary, longer-term opportunity—not the technology underpinning its initial delivery target.

For the first phase, the company’s stated priority remains commercially available natural-gas generation. The proposed acquisition supplies an operating fuel business; GridAI still has to develop the power infrastructure that would serve AI customers.