Chevron

July 12, 2026

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North Carolina Repeals Its Power Tax Break. Texas Never Had One to Lose.

Joulent's Project Kilby delivers 2.67 GW to a West Texas datacenter through a 20-year PPA Microsoft signed via Energy Forge One, a Chevron subsidiary, with Joulent and Chevron holding the project 50-50.

July 7, 2026

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The Permian Gets Texas's First 765 kV Backbone, and CREZ Wrote the Playbook

Chevron, ExxonMobil, and Diamondback are building dedicated gas plants outright.

July 6, 2026

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The April Deadline Beats the Rulebook by Three Years

Chevron, ExxonMobil, and Diamondback Energy are building dedicated gas plants to bypass the queue entirely.

July 4, 2026

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Abbott Hardens His Terms. The 2027 Legislature Holds the Pen.

Microsoft's 2 GW Pecos campus launches on dedicated onsite natural gas under a 20-year PPA with Energy Forge One, a Chevron subsidiary, and can serve customers without an ERCOT interconnection on day one.

July 2, 2026

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FERC Orders Six Grid Operators to Defend the Rules or Rewrite Them

Joulent's flagship Project Kilby, a 2.67 GW natural gas campus in Reeves County, will supply a Microsoft-operated campus under a 20-year PPA, with Chevron subsidiary Energy Forge and GE Vernova as partners.

June 30, 2026

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Home-Rule Authority Faces Its First Real Test in San Marcos

Microsoft secured Chevron gas for a 2.67 GW West Texas site without touching ERCOT's queue; Google signed a 1 GW TotalEnergies solar PPA for Texas.

June 28, 2026

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Chevron Bets $7B That Off-Grid Gas Is the Faster Path to Market

Microsoft gets 99.999% baseload uptime; Chevron turns stranded Permian gas, the kind that trades negative at the Waha Hub, into two decades of fixed revenue from a creditworthy counterparty.

June 27, 2026

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Anchors Are Building Their Own Power to Skip the Texas Queue

Chevron's Energy Forge One locked Microsoft into a 20-year PPA for Project Kilby, a 2.67 GW co-located gas-plus-compute facility in West Texas, targeting Final Investment Decision by end-2026 and first power in 2028.

June 26, 2026

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Five Tests Now Separate Real Load From Speculation in Texas

Chevron and Microsoft signed a 20-year PPA for Project Kilby, a 2.67 GW co-located facility in West Texas running primarily on GE Vernova turbines, with FID targeted by end of 2026 and first power in 2028.

June 25, 2026

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The PUC Just Made Your Interconnection Agreement the Only Thing That Matters

A 20-year, 2.67 GW power purchase agreement with Chevron will build a dedicated gas plant for a 2GW Pecos campus, running behind the meter and bypassing ERCOT's interconnection queue, which sits past 300 GW of pending applications.

June 24, 2026

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Reeves County Banks 6,000 Jobs as the Behind-the-Meter Model Scales

Chevron and Microsoft signed a 20-year power purchase agreement for Project Kilby, a 2.67 GW natural gas and solar facility in Reeves County near Pecos, paired directly with a Microsoft data center campus.

June 23, 2026

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The Deliverable Megawatt Wins: Microsoft Locks 20 Years of Pecos Gas

Microsoft and Chevron turned a four-month exclusive negotiation into a binding 20-year power agreement for Project Kilby, a 2 GW AI campus paired with dedicated gas generation near Pecos.

May 18, 2026

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

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

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

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

April 12, 2026

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

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

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.