Power is the constraint on AI.
Pronghorn produces it.
Pronghorn owns the fuel, the water and the land. Kodiak supplies and operates the generation turnkey. Gas flows today at 100 MMcf/d, and the schedule to first power is a construction schedule.
Generation capacity is not scarce in the United States. Capacity that connects on a date a data center can underwrite is scarce. Everything required to deliver power at the Energy Park sits inside one property boundary, which is why the date holds.
Pronghorn operates a coalbed methane field across 1,014,032 acres of leasehold in Wyoming’s Powder River Basin. Gas is produced there today. Water comes up with it. The roads, the gathering, the electric distribution and the field crew are already in daily use. On-site generation turns that fuel into power without a transmission queue, a third-party gas contract or a new land position.
What the position holds- Owned inputs. Fuel, water, surface and generation sit with one operator. Grid interconnection stays an option on top.
- Infrastructure in service. 3,363 producing wells, 3,010 miles of gas gathering, 3,110 miles of water gathering, 2,533 miles of electric distribution and staffed yards. About $3.2 billion has been invested in this field, predominantly by predecessor operators.
- Grid access on top. Several 40 MW sites can be served now on the lower-voltage system. About 300 MW is identified at Pumpkin Buttes, with interconnection indicated inside 24 months on a conservative basis.
- Two ways out for the gas. Two third-party gathering headers reach within 1.5 miles and run in either direction.
Own the fuel. Generate on site. Deliver behind the meter.
Own the fuel
3,363 producing wells and 3,010 miles of gathering on Pronghorn’s own leasehold. Gas flows today and reaches generation at cost.
Convert to power
Turnkey gas generation supplied, installed, operated and maintained by Kodiak Power Solutions. Capacity lands in blocks as load arrives.
Serve the load
Firm power at the fence, islanded from grid events, with grid interconnection retained as an option.
The cost position. Generation sits upstream of the gathering chain. Each Mcf burned on site avoids about $0.55 of gathering and compression and $0.20 to $0.36 of treating. A merchant generator buying at a hub pays both, and carries the basis between the hub and the burner tip. Pronghorn buys nothing, so there is no basis to carry.
The bottleneck is interconnection
Announced generation is plentiful. Interconnection on an underwritable date is scarce. The median project completed in 2025 took more than five years from request to commercial operation, and of the capacity that requested interconnection between 2000 and 2020, 13% reached operation while 75% was withdrawn.
The same constraint has now reached load. ERCOT carries approximately 474 GW of large-load interconnection requests, roughly 90% of it data centers, more than five times its all-time peak demand of 91.1 GW set on 22 July 2026. In August 2026 Texas paused approvals for large loads in that queue pending a joint PUCT and ERCOT audit of power draw, water use and incentives. No completion date was stated.
The pause reaches projects sitting in the ERCOT large-load queue. The first criterion of the audit is whether a project supplies its own power or draws it from the grid. Grid dependence is what is under examination, and a campus generating behind the meter on its own fuel never enters that process.
| Grid | Behind the meter | |
|---|---|---|
| Time to first power | 5+ yr median | 12 to 18 months |
| Interconnection queue | Required | Not required |
| Approval risk | Rising | Outside scope |
| Fuel counterparty | Market | Pronghorn |
| Curtailment exposure | Grid events | Islanded |
Northeast Wyoming, between Buffalo and Gillette
The Energy Park sits on Pronghorn’s northern acreage in Campbell County, three and a half miles south of Interstate 90. This is an established energy corridor. 230 kV transmission, interstate gas pipelines and long-haul fiber all pass through it, and the contractor base built around coal and gas is already here.
The principal risks, and what absorbs them
| Risk | What absorbs it |
|---|---|
| Rising utility cost | Primary load is served behind the meter. Utility power is not relied on for it |
| Water stress | No regional water stress. 300,000 barrels a day of fresh water already produced through gas operations |
| Land cost and control | 1,200+ acres owned and development-ready, with further acreage available inside the leasehold |
| Permitting | Unincorporated county territory with a forty-year industrial permitting record. Mobile generation can run while the air permit is in process |
| Stakeholder | A county whose economy was built on producing energy |
| Power delivery | Generation identified and contracted turnkey through Kodiak, added in modular blocks |
| Capital intensity | Gas production already operating. Staged blocks limit upfront exposure |
| Carbon | Biogenic, unstimulated gas at 0.13% methane intensity. Sequestration under evaluation at the Energy Park itself, with 45Q upside and no CO2 transport |
| Fiber | Two carriers on the Interstate 90 corridor. Strand count scoped against a counterparty requirement |
Everything a site selection team examines
Sources. Operator data: Pronghorn operator GIS database, February 2026, and operator-reported production. Transmission, substations and gas pipelines: HIFLD. Generation inventory: EIA-860. Carrier facilities and autonomous system numbers: PeeringDB. Climate: NOAA 1991 to 2020 normals. Tax provisions: Wyoming Business Council, W.S. §39-15-105 and §39-16-105. Interconnection queue volume, median duration and completion rate: Lawrence Berkeley National Laboratory, Queued Up: 2026 Edition, as of year-end 2025. ERCOT large-load queue volume and the August 2026 approval pause: ERCOT and PUCT filings and contemporaneous reporting, 3 and 4 August 2026. ERCOT peak demand: US Energy Information Administration.
Basis of presentation. Volumes are operator-reported. Installed capacity, schedule and the resource statement reflect Pronghorn’s current development plan and are subject to field development, equipment delivery, permitting and the timing of a signed offtake. Distances are straight-line from the Energy Park coordinate. Fiber corridors are indicative alignments along Interstate 90 and are not surveyed cable routes. Grid capacity and interconnection timing are as indicated by Powder River Energy Corporation and Bison and are subject to confirmation. Nothing on this site constitutes an offer, a commitment, or a reserve report.
A load profile is enough to begin.
Send target megawatts at first energization, a ramp schedule and a cooling approach. Pronghorn returns a generation block plan, a field development sequence, a water allocation and a term sheet across power, land and fuel. Capital and structure inquiries reach the same team.