Dallas-based Texas Pacific Land Corporation (NYSE: TPL) announced a strategic agreement with Bolt Data & Energy Inc. to develop and enable large-scale data center campuses and supporting infrastructure across TPL’s massive West Texas land holdings.

Bolt is a data and energy infrastructure company co-founded by Eric Schmidt, former CEO and chairman of Google, who also serves as Bolt’s chairman.

“Our goal is to create the largest and most efficient data center company in the world by combining abundant energy production, efficient and scalable data infrastructure, and the largest land expansion runway in North America,” Schmidt said in a statement. “By partnering with TPL, Bolt will fuel the Fourth Industrial Revolution and protect and augment American leadership in artificial intelligence.”

‘West Texas is a global leader for energy production’

As part of the agreement, Bolt raised $150 million of capital and TPL invested $50 million. TPL will receive an equity interest, warrants, and a right of first refusal to supply water to Bolt-affiliated projects and related infrastructure. Bolt is seeking commercial partnerships and anchor customers to develop large-scale data centers on TPL land.

“Bolt represents a significant step forward in bringing world-class technology infrastructure to West Texas,” TPL CEO Ty Glover said. “With unmatched supply of both conventional fuel and renewable power, West Texas is a global leader for energy production. The region also benefits from a skilled workforce, a supportive regulatory environment, available water resources, and a strong entrepreneurial culture.”

Glover added, “We believe West Texas has the attributes necessary to become one of the largest concentrations of AI compute infrastructure globally, and combined with TPL’s ownership of nearly one million acres, our collaboration with Bolt is designed to help realize that opportunity. Bolt’s leadership, relationships, and proven experience in building transformative technology platforms make them an ideal partner for TPL.”

Schmidt outlined Bolt’s strategy and noted the advantages of West Texas and the TPL partnership.

“Bolt is focused on shortening the time between demand and delivery of compute at scale,” he said. “To be a reliable provider, Bolt will also focus on power production: natural gas-fueled, renewable, and ultimately, nuclear. TPL’s vast West Texas holdings and their expertise in land, energy, water, and regulatory execution makes them a uniquely capable partner.”

Land plus energy equals data centers

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with around 882,000 acres of land, the majority of which is concentrated in the Permian Basin. TPL isn’t an oil and gas producer, but its surface and royalty ownership provides revenue opportunities throughout the life cycle of a well. The company said it also generates revenue from pipeline, power line, and utility easements, commercial leases, and temporary permits related to a variety of land uses including, but not limited to, midstream infrastructure projects and hydrocarbon processing facilities.

Bolt Data & Energy is building an integrated AI infrastructure platform that combines abundant energy production, large-scale GPU computing, and scalable land expansion opportunities. The platform is designed to deliver reliable power, fast deployment, and consistent performance in the U.S.’s most advantaged energy regions. By linking energy ownership with advanced data infrastructure, Bolt said it is creating a pathway to the world’s largest and most efficient data center network to support the next wave of technological innovation and strengthen American leadership in artificial intelligence.

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