en.Wedoany.com Reported - United Energy announced Monday the completion of its acquisition of Alkane Modus Vis and the purchase of related assets from Alkane Midstream, with a total transaction value of approximately $31 million, consisting of cash, assumed debt, seller financing, and equity consideration. The transaction is effective as of April 30, 2026.

The acquired assets include a 100,000-gallon-per-day (gpd) LNG production facility in Seminole, Texas, integrated LNG infrastructure, distributed generation assets, logistics equipment, and operating contracts. The company stated that this move will build a "rapidly growing energy delivery platform" serving North America's industrial, oilfield, and data infrastructure markets. Currently, the combined platform is actively operating in energy and industrial markets across Arizona, Kansas, Montana, Nevada, North Dakota, Oklahoma, and Texas.

United Energy expects full-year 2026 revenue to reach $20 million, with a target EBITDA margin of nearly 30%.

In terms of the operations team, the Alkane team, with over a decade of LNG operational experience, will remain in place and lead site operations, customer execution, LNG logistics, and distributed power deployment. The company disclosed that the combined platform has cumulatively delivered over 120 million gallons of LNG and more than 750 million kilowatt-hours of distributed energy across core North American operating environments.

To address growing demand from data centers, aggregates, aerospace infrastructure, oilfield electrification, and other commercial and industrial behind-the-meter energy users, United Energy plans to add an additional 150,000 gallons per day of LNG capacity at the Seminole operations. Unlike traditional large-scale LNG export developers, United Energy's model focuses on modular deployment, faster execution timelines, and localized energy delivery.

Prior to this acquisition, United Energy's wholly owned subsidiary, United Energy LNG, had entered into a merger agreement with Power LNG last year, aiming to create a small-scale LNG platform serving North America's industrial, power, and transportation markets. The combined entity operates as United Energy LNG (UE LNG), managing three LNG production sites in late-stage development. The merger integrates United Energy's upstream operational experience and public market influence with Power LNG's strengths in permitting progress, engineering capabilities, and modular project pipeline.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com