OpenAI Signs 10 GW Ohio Data Center Lease, Utica Gas Wins Big
It’s official. In June, we told you OpenAI was in “advanced negotiations” to lease the gargantuan 10-gigawatt (GW) data center campus rising on federal land in Piketon (Pike County), Ohio (see OpenAI in Talks to Lease OH Data Center, Largest Gas Power in U.S.). Yesterday, the Wall Street Journal reported the ink is dry. OpenAI has signed a 20-year lease for the whole 10 GW campus with SB Energy, the SoftBank subsidiary developing the site — and chipmaker Nvidia is standing behind the deal with a financial backstop worth up to $105 billion. Why should Utica landowners care about a Silicon Valley lease? Because the electricity feeding this monster comes from a 9.2-GW natural gas power plant, and that gas has to come from somewhere. That somewhere is under your feet. Read More “OpenAI Signs 10 GW Ohio Data Center Lease, Utica Gas Wins Big”
Devon Energy just told the market it’s willing to write big checks to get stranded natural gas to better markets. The gas in question is in West Texas, not Susquehanna County — and that says something about where the old Cabot Oil & Gas assets stand in the new Devon. On Monday, Devon announced a positive Final Investment Decision (FID — meaning the money is committed and the shovels are coming) on the Solitude Pipeline System, a WhiteWater-led joint venture building two 48-inch natural gas pipelines from the Permian Basin to Katy, Texas. 
In March, MDN told you that Butler County landowners were appealing after a federal judge tossed their royalty class action against XTO Energy (see 
Net Power, backed by the Rice brothers (of Rice Energy and EQT fame), has spent years chasing the holy grail of natural gas power: a plant that burns gas and emits essentially zero carbon dioxide. Last year the company backed off that goal and pivoted to post-combustion carbon capture (PCC), which grabs about 90% of the CO2 using off-the-shelf technology. Close enough, the market said. Last week, Net Power pivoted again — and this one’s a doozy. The first phase of its flagship West Texas project will now be built with no carbon capture at all. Just a gas plant. Meanwhile, the company took a $193.7 million charge to write its original Allam Cycle technology and its La Porte demonstration plant down to zero. 
The independent watchdog that grades the PJM electric grid put out its half-year report card last Thursday under the cheerful headline “Market Monitor Finds PJM Wholesale Electricity Markets Competitive.” Read down three paragraphs, and you find the opposite — the capacity market flunked, three years running, and the Monitor blames data centers. Buried further still is a number that ought to end a certain argument in Harrisburg for good: the biggest single driver of PJM’s price spike wasn’t natural gas. It was the wires. 
A free-market think tank in New Jersey has published a report that says out loud what MDN readers figured out years ago: the Garden State keeps its lights on with natural gas — a lot of it, Marcellus gas — while chasing a 2035 clean-electricity mandate propped up by offshore wind that does not exist and batteries that have barely been built. The report, Reliability Before Retirement: Reassessing New Jersey’s 2024 Energy Master Plan, comes from the Garden State Initiative (GSI), a Morristown-based nonprofit that pushes free-market policy in one of the least free-market states in America. Author Anurag Bhat is no fracking cheerleader — he’s a sustainability-credentialed analyst who co-wrote GSI’s 2025 critique of the same Energy Master Plan (EMP). Which makes the findings that much more useful to us. 
On July 1, MDN told you Golden Pass LNG had gone dark — three cargoes out the door and then, on June 29, almost no feedgas flowing into the plant at all (see 
OTHER U.S. REGIONS: Duke Energy’s SC plan backs growth, delivers customer value; Waterborne shipments from the U.S. Gulf Coast increased in April and May; NY’s 18 proposed battery plants will mostly charge from natural gas; With new Permian takeaway capacity coming online, gas production could soar; NATIONAL: U.S. natural gas futures settle lower; NAS takes down climate science chapter amid accusations of bias…for now; Hydrogen is not market ready; INTERNATIONAL: Oil advances as Iran tensions persist; USA-Iran peace prospects dim; Why has oil not rallied to $150 or higher?; A global forecaster’s perspective on global temperature; Turns out fossil fuels are Earth’s ‘Miracle-Gro’.