The rapid growth of data centers is creating new connections between the power, natural gas and infrastructure sectors, driving investment and transaction activity across the energy value chain. Chevron announced in June that it had partnered with Microsoft and Engine No. 1 to develop a co-located power facility in West Texas for a Microsoft-operated data center.
More deals are expected as upstream producers seek markets near production sites, extending beyond the Permian Basin to regions including the Haynesville and Marcellus, Bracewell’s Bryan Clark told Mergermarket.
