The Daily Dig
Black Mountain Power picked up a 432-acre parcel in San Antonio last month, according to Bexar County property records reported by the San Antonio Business Journal. The tract sits near where State Highway 16 meets Lone Star Pass in Bexar County. Ballard Exploration Co., the seller, financed roughly $64.5 million of the deal through a seller loan.
What happens next with the site remains unclear. There's been no word on zoning status, utility capacity, entitlements, or timeline. Development plans haven't been announced.
Snapshot:
Buyer / Developer: Black Mountain Power
Seller: Ballard Exploration Co.
Financing Structure: Seller loan of $64.5 million
Site Size: 432 acres
Location: San Antonio, Texas
County: Bexar County
Site Positioning: Near State Highway 16 and Lone Star Pass
Acquisition Timing: Reported February 2026 (land acquired "last month")
Company Founded: 2007
Company Background: Energy-focused firm with investments across oil & gas, lithium mining, battery storage, water, and carbon capture
Prior Texas Activity: Filed plans for a 450-acre data center campus near Fort Worth
Recent Financing: Credit facility secured from Elda River Capital Management (November)
Stated Strategy: Texas powered-land strategy targeting hyperscale data centers
TheJobWalk Thoughts:
Right now, this is a land play, nothing more. No RFPs, no site plans, no construction schedule. For contractors and suppliers, it's pure watch and wait. But here's the thing: when you see this much acreage change hands with seller paper and the buyer's already talking about powered land for hyperscale data centers, it's not staying dirt for long. Somebody's lining up utility conversations and working the entitlement angle whether they're saying so or not. If you're in sales or BD, this one goes in the tracking column, not the pipeline. Monitor county filings, keep an ear out for utility prequalification chatter, and stay positioned. The gap between "we bought land" and "we need a GC" can close fast once the infrastructure dots start connecting.
