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United Energy announced on Monday the acquisition of Alkane Modus Vis and subsequent purchase of assets from Alkane Midstream in a transaction valued at approximately $31 million, consisting of cash, assumed debt, seller financing, and equity consideration.
The transaction carries an effective date of April 30, 2026.
United Energy said the acquisition includes a fully operational 100,000 gallons per day (gpd) LNG production facility in Seminole, Texas, integrated LNG infrastructure, distributed power generation assets, logistics equipment, and operating contracts.
The company said this move positions it as a “rapidly growing energy fulfillment platform” serving industrial, oilfield, and data infrastructure markets across North America.
United Energy noted the combined platform currently supports active operations across key energy and industrial markets in Arizona, Kansas, Montana, Nevada, North Dakota, Oklahoma, and Texas.
Annualized 2026 revenues are expected to be $20 million with targeted Ebitda margins near 30 percent, it said.
LNG capacity expansion
United also announced that the Alkane operating team, with over a decade of LNG operational experience, will remain in place and continue leading field operations, customer execution, LNG logistics, and distributed power deployments as part of the combined platform.
“The combined platform has delivered more than 120 million gallons of LNG and over 750 million kilowatt-hours of distributed energy across some of the most demanding operating environments in North America,” the company said.
United plans an additional 150,000 gpd LNG capacity expansion at its Seminole operations to support growing demand from data centers, aggregates, aerospace infrastructure, oilfield electrification, and other commercial and industrial behind-the-meter energy users.
Unlike traditional large-scale LNG export developers, United’s model focuses on modular deployment, faster execution timelines, and localized energy fulfillment, the company added.
Last year, United Energy LNG, a wholly-owned subsidiary of United Energy, and Power LNG agreed to merge, creating a small-scale LNG platform that will serve industrial, power, and transportation markets across North America.
The two firms said at the time that the combined entity, operating under United Energy LNG (UE LNG), oversees a portfolio of three LNG production sites in advanced stages of development.
The merger combines United Energy’s upstream operating experience and public market presence with Power LNG’s permitting progress, engineering capabilities, and pipeline of modular projects.
