00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Energy companies in the Permian Basin are looking to capitalize on the data center boom
00:07by leasing land and selling water and construction materials to developers,
00:12according to the Wall Street Journal. Texas Pacific land, Landbridge, and Eagle Rock together
00:17control about 1.4 million acres across West Texas and New Mexico. The companies are betting the
00:24region's abundant land, energy, and water will attract data centers facing constraints elsewhere.
00:30Texas Pacific sold land to Chevron for a gas-fired power plant that will supply electricity to a
00:36Microsoft data center and plans to sell brackish groundwater for the project. Landbridge is
00:42working to host several data center campuses and said a typical one gigawatt campus could generate
00:47tens of millions of dollars in annual free cash flow. For all things money, visit benzinga.com.
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