I hunt Aoudad in the Permian Basin. Specific the border of NM and TX. I’ve done this for years. This year was strange. Tons of tech bros down there. Mostly on the TX side. They were hanging out with the rich oil guys. Or hanging out by themselves and being all standoffish and weird.
I’ve never seen a tech bro in this part of the world before. There’s something wrong, and I’d like to make some money off it.
Any ideas?
Something strange is brewing in the Permian Basin
byu/Hunter2222222222222 inwallstreetbets
Posted by Hunter2222222222222
14 Comments
They’re digging for chips
Oil about to boom. What else is cheaper compared to 15 years ago?
Are they building nuclear reactors?
Quick google search uncovered this, https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/091724-ai-proliferation-depends-on-permian-basin-gas-chevron-ceo
I have heard a lot of crypto mining is happening down there because the energy is comparatively very cheap. It could be that…
looking for cheap power for ai data centers
WSB really is nut job central
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The article on using natural gas to power ai and data centers seems most likely. Only problem is timing. Unless you’re going to buy the stocks, timing is always hard to guess with plays like this. Did they look like they were shaking hands and sucking each other off yet??
Theres something strange brewing in my pants but its small
Suspect tech bros want to burn flare gas in a generator to power crypto mining on the cheap.
Corterra let’s goooo!!
We back mate time to rip some $$$$$$
Why?
Becauze:
Cheap land leases from oil companies, because the leaseholders won’t own the mineral rights, (oil companies lease the surface land, but maintain drilling rights.)
Easy power generation. CNG (compressed natural gas) is a fuel for large scale generators. No need to hook to the grid.
Chevron, Oxydental, and ExxonMobil are major Permean Basin players.
Crypto processing doesn’t require many people to handle the operation. Its basically a plug and monitor situation. With an ocassional component being replaced in the data center. Much like a modern telephone switching station.
Once it’s built. An entire operation can be staffed with fewer than 20 people.
Even houses in and around the basin are dirt cheap. Most oilfield workers live in man camps or long term hotels paid for by the company.