Item 2. Properties
Item 2. Properties.
We currently utilize office space at 200 N. Loraine Street, Suite 1324,
Midland Texas 79701. This lease commenced on February 23, 2026 and will terminate on February 22, 2027.
We currently own or lease certain property in support of our data center
and digital infrastructure projects, including approximately 438 acres in Ector County, Texas, for the development of TCDC’s multi-phase,
multi-gigawatt AI and HPC campus, and the option to acquire approximately 3,500 acres in Lea County, New Mexico, for the development of
a large scale AI data center campus.
In 2025, we owned and operated 137,000 acres in Southeast New Mexico
and had 15,097 MMcfe of proved hydrocarbon. These reserves are strategically located, just 20 miles north of Roswell, New Mexico and no
more than 550 miles away from six out of the seven helium liquefication plants in the United States. The reserves are also located next
to El Paso National Gas Facility, a pipeline system owned by Kinder Morgan that transports for natural gas suppliers to end users.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.