Welcome to our dedicated page for Allied Energy news (Ticker: AGYP), a resource for investors and traders seeking the latest updates and insights on Allied Energy stock.
Allied Energy Corporation (OTC: AGYP) operates as an independent oil and natural gas exploration and production company focused on U.S. hydrocarbon assets. The company's news flow typically reflects the operational realities of a small independent producer navigating the domestic energy landscape.
News coverage for Allied Energy commonly includes updates on production operations, asset acquisitions, and development activities across the company's oil and gas properties. As an upstream operator, the company periodically reports on well performance, drilling programs, and infrastructure improvements that affect its production capacity and operational efficiency.
Allied Energy has also generated news through its exploration of alternative natural gas monetization strategies, particularly partnerships involving gas-powered cryptocurrency mining operations. These initiatives represent the company's efforts to capture additional value from its natural gas production beyond traditional commodity sales channels.
Joint venture announcements and partnership agreements feature prominently in Allied Energy's news profile. The company pursues collaborative arrangements with other operators and service providers to advance development projects and share operational expertise, a common strategy among independent producers seeking to optimize capital deployment.
Following Allied Energy news provides insight into micro-cap energy sector dynamics, including how small independent producers respond to commodity price movements, pursue growth opportunities, and manage operational challenges. The company's announcements offer perspective on unconventional revenue strategies emerging in the oil and gas industry.
Bookmark this page to track Allied Energy Corporation developments, partnership announcements, and operational updates as the company advances its oil and gas production activities.
Allied Energy Corporation (OTC: AGYP) has signed a Memorandum of Understanding (MOU) with Puma Gold LLC to potentially acquire an interest in the Silver Reef Gold Property in San Bernardino County, California. The non-binding MOU outlines a proposed Option Agreement that would allow Allied to earn a controlling interest through a three-phase earn-in program including cash payments, share issuances, and work commitments.
The strategic move comes as U.S. gold production reached 170 metric tons in 2023, with the sector generating over $11 billion in value. Gold prices have remained strong, trading above $2,633.00 per ounce in 2025. The company aims to validate historical drilling results, develop a NI 43-101 compliant resource estimate, and advance toward feasibility studies and production permitting.
Allied Energy Corporation (OTC: AGYP) has signed a strategic MOU with Green Rain Energy Holdings (OTC: GREH) to convert stranded natural gas into power for EV charging stations across Texas. The partnership aims to leverage Texas's $400 million NEVI funding and address grid constraints to support the projected 1 million EVs expected on Texas roads by 2030.
The agreement focuses on powering Level 3 DC fast chargers along key corridors like I-35 and I-10, enabling AGYP to participate in the $120B+ EV charging market. The company will conduct gas testing, negotiate energy leases, and provide quarterly reports on energy quality and output. The 120-day MOU is expected to lead to a definitive Energy Purchase and Sales Agreement upon site development.
Allied Energy Corporation (OTC: AGYP) is advancing its gas-to-power infrastructure at the Thiel site in partnership with Louis Energy Inc. to support Bitcoin mining operations. The company has achieved key milestones including the delivery of a second modular computing container, electrical installations, and security implementations.
The project aims to convert trapped natural gas into power for off-grid computing applications. Final phase preparations include the scheduled delivery of computing equipment, Starlink Wi-Fi connectivity, and system testing. Once regulatory approvals are secured, formal gas-to-power operations will commence.
AGYP highlights that over 1.4 billion cubic feet/day of gas is flared or vented in the U.S., with enough trapped gas existing to power over 10,000 MW of digital infrastructure. The company plans to expand its gas-to-power strategy to additional sites and develop carbon capture initiatives.
Allied Energy (OTC: AGYP) announces significant expansion plans and strategic developments for 2025. The company is expanding its Thiel site power generation capacity to 3.5 MW by Q3 2025, leveraging Texas' competitive electricity rates of 8.73¢ per kWh. At the Gilmer lease, AGYP is upgrading 116 pump jacks to more efficient units, targeting production from Caddo and Strawn formations.
The company is advancing new Saltwater Disposal (SWD) lease negotiations and exploring natural gas reserves. Partnerships with Petroloro and ORO Energy are progressing, with strategic plans expected by Q2 2025. The Enerhash & Sloan project faced operational delays in 2024 but anticipates returns in Q2 2025. AGYP has terminated its Energix partnership due to missed milestones, redirecting focus to more profitable ventures.
Allied Energy (OTC: AGYP) has announced a Natural Gas Purchase and Sale Agreement with River Energy Group and Louis Energy Gas Texas for the Thiel Well 1 in Washington County, Texas. The agreement will power a cryptocurrency mining facility with 2-3.5 megawatt capacity.
The facility, strategically located near the wellhead, will utilize natural gas to support Louis Energy's mining operations. According to December 2024 Texas Railroad Commission data, Texas leads U.S. natural gas production with 25% market share, producing over 11 billion cubic feet daily in 2023.
The agreement includes exclusive natural gas supply from Well 1, development of crypto datacenter infrastructure with minimum one-megawatt capacity, and commitment to sustainable operations. The U.S. currently leads global Bitcoin mining with 37% of the global hash rate, according to the Cambridge Centre for Alternative Finance.
Allied Energy (OTC: AGYP) has announced that the Sloan Petroleum and Enerhash USA project is now fully operational, utilizing 1MW of flare gas from the Frost location. The project, which involves Bitcoin mining containers placed by Enerhash on the Sloan property, has already generated its first revenue check for Allied.
Additionally, Allied's Bitcoin project with Enegix Global and River Energy Group at the Thiel #1 well site is being transformed into a commercialized venture, with updates expected in Q4. As a partner with Enegix Global, Allied will supply gas and participate in Bitcoin mining operations.
CEO George Monteith expressed optimism about these developments, highlighting the valuable insights gained into the Data Mining industry. The company anticipates these projects will maximize potential revenues and strengthen Allied's position in both energy and cryptocurrency sectors.
Allied Energy Corp (OTC PINK:AGYP) has signed a Memorandum of Understanding (MOU) with Enerhash USA LLC and River Energy Group LLC to explore using stranded and flare gas resources for Bitcoin mining and data centers in the U.S. The plan involves an initial 1 MW site, with a goal to expand to 100 MW. The partnership aims to monetize natural gas resources, reduce methane emissions, and integrate carbon capture technology in energy projects. This collaboration is seen as a significant step towards delivering environmental and financial benefits.
Allied Energy Corp (OTC Pink: AGYP) has entered into a strategic joint venture with WalkerGreen Tech LLC to leverage oil and gas resources and expand into the cryptocurrency sector. This collaboration aims to utilize stranded natural gas for bitcoin mining and develop off-grid microgrid power solutions. The partnership will conduct a 3-month beta test to explore the feasibility of utilizing flare-off gas for energy production. WGT has appointed two new advisors to enhance its strategic capabilities in sustainable energy and the cryptocurrency industry.
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