United Energy Corp. has completed the acquisition of Alkane Modus Vis Inc. and purchased assets from Alkane Midstream in a transaction valued at approximately $31 million, effective April 30, 2026.
The deal adds a fully operational 100,000 gal./d LNG production facility in Seminole, Texas, along with distributed power generation assets and logistics equipment — expanding United’s footprint across industrial, oilfield, and data infrastructure markets throughout North America.
Deal Terms and Assets Acquired
The $31 million transaction combines cash, assumed debt, seller financing, and equity consideration — a structure that reflects both the deal’s complexity and the range of assets changing hands. The effective date is April 30, 2026.
At the center of the acquisition is the Seminole, Texas facility, producing 100,000 gallons of LNG per day and already fully operational. United did not acquire a development-stage project. It acquired a running business.
Beyond the Seminole plant, the deal covers integrated LNG infrastructure, distributed power generation assets, logistics equipment, and a portfolio of operating contracts. Together, these assets position United to serve industrial, oilfield, and data infrastructure customers across North America under what the company calls its Energy Fulfillment platform.
Why United Energy Pursued the Acquisition
The strategic logic behind the deal comes down to timing. Industrial operators and data infrastructure developers, as United CEO Brian Guinn noted, cannot afford to wait years for utility infrastructure to reach them. Distributed energy solutions that deploy quickly and reliably are in growing demand.
Alkane’s operational model maps closely onto what United has been building. The Alkane platform already integrates fuel supply, logistics, regasification, and power generation — the same end-to-end approach United describes as its core offering. Acquiring Alkane accelerates that strategy rather than requiring United to build those capabilities from scratch.
The entire Alkane operating team is staying on. That team brings more than a decade of LNG field experience, and Ryan Blazei, Alkane’s President, put it plainly: the team built the platform “one customer, one project, and one hard lesson at a time.” Retaining that institutional knowledge is a significant part of the deal’s value.
The combined platform’s track record speaks for itself. Together, the two companies have delivered more than 120 million gallons of LNG and over 750 million kWh of distributed energy across some of North America’s most demanding operating environments.
Financial Outlook and Planned Expansion
United projects annualized 2026 revenues of $15 million to $20 million from the combined platform, with targeted EBITDA margins near 30%. Those figures reflect the existing business — not future capacity additions.
On that front, United plans to add another 150,000 gallons per day of LNG production capacity at the Seminole facility, a move that would more than double current output at the site. Target markets for the added capacity span data centers, aggregates, aerospace infrastructure, oilfield electrification, and behind-the-meter commercial and industrial users.
The platform already operates across seven states: Arizona, Kansas, Montana, Nevada, North Dakota, Oklahoma, and Texas. Seminole is expected to serve as the operational base for further geographic reach as demand grows.
Context: Modular LNG as an Alternative to Large-Scale Infrastructure
United’s approach sits apart from the large-scale LNG export projects that dominate industry headlines. Those projects are capital-intensive, take years to permit and build, and serve global commodity markets. United’s model is different by design.
The company focuses on modular deployment and faster execution timelines, serving customers in regions where utility grid infrastructure is limited or slow to arrive. That includes oilfield operators in remote basins, industrial facilities that need reliable power now, and data centers with urgent energy demands.
Small-scale, distributed LNG fills a real gap. For customers in underserved regions, waiting for a transmission line or a pipeline extension simply is not always viable. Modular LNG can reach them faster, at a scale that matches their actual load requirements.
Two newer demand vectors add further growth potential. Data centers — which require large and dependable power supplies — are increasingly turning to distributed natural gas solutions. High-purity natural gas applications in aerospace energy markets represent an emerging opportunity that Blazei specifically cited as part of Alkane’s forward outlook.
Key Takeaways
United Energy Corp. has acquired a fully operational LNG business with proven assets, an experienced team, and an established customer base across seven states. The $31 million deal adds 100,000 gal./d of LNG production capacity immediately, with plans to more than double that figure at Seminole. Projected 2026 revenues of $20 million and EBITDA margins near 30% provide a financial baseline for the expanded platform. The acquisition accelerates United’s distributed energy strategy at a moment when demand from industrial, oilfield, and data infrastructure customers continues to grow.
