AXP Energy (ASX:AXP): Investors Watch First Digital Infrastructure Deployment at Edwards Lease

Aditi Sarkar

18 August 2026 11:20 AM AEST

AXP Energy (ASX:AXP): Investors Watch First Digital Infrastructure Deployment at Edwards Lease

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Highlights:

AXP Energy was trading at AUD 0.0060, up 50.00% at during the morning Trading session on 18 August 2026.
The company is scheduled to install its first gas-to-power-digital infrastructure project at the Edwards Lease in Oklahoma during August 2026.
A 320kW Natural Gas generator will be powered by production from the Charlie #1 well.
The project follows a proof-of-concept completed in Colorado with Pathfinder Partners.
AXP expects to generate Revenue from natural gas Supply while assessing further gas offtake opportunities.

AXP Energy Limited (ASX:AXP) has announced plans to install its first gas-to-power-digital infrastructure project at the Edwards Lease in Noble County, Oklahoma, during August 2026. The deployment will use natural gas production from the company’s Charlie #1 well to generate electricity for digital asset Mining equipment operated by Pathfinder Partners.

AXP Energy was trading at AUD 0.0060, up 50.00% during the morning trading session on 18 August 2026. The company remains down 80.00% over the past year. The company’s latest update focuses on expanding potential uses for its natural gas production through an alternative energy utilisation model.

First Oklahoma Gas-to-Power Deployment Moves Forward

The upcoming installation represents AXP’s first commercial gas-to-power project in Oklahoma and follows a previous proof-of-concept completed in Colorado with Pathfinder Partners, formerly known as Blackhart Technologies.

The project will involve a 320kW natural gas generator fuelled by gas produced from the Charlie #1 well. Electricity generated onsite will power ASIC digital asset mining equipment supplied and operated by Pathfinder Partners.

Under the initial commercial arrangement, AXP will supply natural gas to the generator, allowing the company to generate revenue from gas sales while retaining all revenue associated with oil production from the well.

The company stated that installation and commissioning are expected to occur during August 2026, with equipment already being transported to the site. AXP expects the Facility to become operational early the following month, subject to commissioning progress.

Charlie #1 Well Supports Initial Gas Supply

The Charlie #1 well is currently producing approximately 80 to 90 thousand cubic feet of gas per day (mcf/day) through a 3/16-inch choke while maintaining around 200 psi pressure.

According to Managing Director and CEO Daniel Lanskey, production is currently being temporarily restricted, with the company assessing potential opportunities to increase gas utilisation from the well.

The initial gas-to-power deployment provides an onsite customer for Charlie #1 production, creating an alternative pathway for gas sales. AXP is also evaluating additional offtake opportunities, including sourcing third-party gas near the Edwards Lease to potentially increase supply volumes beyond the well’s current output.

Pathway Towards Alternative Gas Markets

AXP said the Oklahoma project follows learnings from its Colorado proof-of-concept with Pathfinder Partners, where the companies demonstrated the technical and commercial potential of converting produced natural gas into onsite power for high-performance computing applications.

The company is assessing broader opportunities across gas-to-power, digital infrastructure and data centre markets across its asset portfolio.

AXP noted that the project could provide additional Options for natural gas utilisation, particularly in an environment where United States natural gas prices remain relatively low. The company is seeking alternative sales channels to reduce reliance on Henry Hub pricing.

The arrangement also provides AXP with an option to acquire the generator within 90 days of installation. If exercised, the company would gain additional revenue opportunities from power generation and equipment performance uptime.

Potential Dual Benefit From Gas Utilisation

AXP believes onsite power generation using Charlie #1 gas could provide two potential benefits: direct revenue from natural gas sales and possible improvements in oil production through optimisation of well operations.

The company will monitor whether increased gas offtake and associated operational optimisation can improve liquids production from the well.

The project forms part of AXP’s broader strategy to improve asset Economics through alternative energy utilisation and explore additional commercial applications for its natural gas resources.

Management Focuses on Scaling Opportunities

Commenting on the project, Managing Director and CEO Daniel Lanskey said the Edwards Lease installation represents the next stage following the Colorado trial and applies previous learnings to develop an operation in Oklahoma with lower operating costs.

The company is continuing to evaluate opportunities to expand gas supply arrangements and develop additional applications for its energy assets.

AXP Energy operates as an oil and gas production and development company with operations in Colorado and Oklahoma. The company has also secured the right to earn a 25% participating interest in Block 9, covering 10,039 square kilometres in Syria’s Palmyride Basin through a farm-in arrangement with Simpora Latakia Limited.

Investor Takeaway

AXP Energy’s latest update highlights the company’s move towards using produced natural gas for onsite power generation and digital infrastructure applications. Investors may continue watching the installation and commissioning of the Edwards Lease project, revenue generation from the initial gas supply arrangement and the company’s ability to identify additional gas utilisation opportunities across its asset portfolio.

FAQs

Q: What is AXP Energy’s new gas-to-power project?

A: AXP Energy is installing a gas-to-power-digital infrastructure project at its Edwards Lease in Noble County, Oklahoma, using a 320kW natural gas generator.

Q: Which well will supply gas for the project?

A: The generator will be fuelled by production from the Charlie #1 well, which is producing approximately 80 to 90 mcf/day.

Q: Who will operate the digital mining equipment?

A: Pathfinder Partners will supply and operate the ASIC digital asset mining equipment used at the project.

Q: What revenue streams will AXP receive from the project?

A: AXP will generate revenue from natural gas supply and retain all revenue from oil production, with potential additional revenue if it acquires the generator.

Q: What was the basis for the Oklahoma deployment?

A: The project follows a proof-of-concept completed in Colorado with Pathfinder Partners demonstrating the conversion of produced natural gas into onsite power for high-performance computing applications.

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