Jericho Energy Ventures

What Jericho Energy Ventures does

Jericho Energy Ventures Inc. is a publicly listed (TSXV: JEV; OTC: JROOF) energy company headquartered in British Columbia, Canada, with operational offices in Tulsa, Oklahoma and Newtown, Pennsylvania. The company operates a 1–10 employee organization built on approximately 47,000 net acres of producing oil and gas joint venture interests across Oklahoma's Anadarko Basin (Hunton, Mississippi Lime, Woodford Shale, and STACK Play formations), together with more than 60 miles of existing gas gathering pipelines, rights-of-way, water and grid power infrastructure.

In April 2025 the company launched a second business line — AI Data Centers — anchored by the flagship Black Bear AI Data Center Campus in Noble County, Oklahoma. The offering is a build-to-suit model that targets AI hyperscalers and data center operators seeking powered land with behind-the-meter access to the company's natural gas resources, backed by fiber connectivity (10Gbps to 100Gbps+) on the Oklahoma City–Tulsa corridor.

Revenue mechanics are split between legacy upstream oil and gas production from JV properties and prospective long-term infrastructure services from AI campus tenants under private enterprise contracts; no pricing, contracted MW, or named tenant is publicly disclosed. The company has raised roughly $3.4 million USD across two 2026 private placements, formalized the Oklahoma AI Ventures LLC 50-50 joint venture with Comstock Holding Companies (~US$10 million committed), and remains in negotiation on a proposed all-stock merger with Smartkem Inc. announced in October 2025.

Name

Jericho Energy Ventures

Legal name

Jericho Energy Ventures Inc.

Website

https://jerichoenergyventures.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Jericho Energy Ventures is a publicly listed micro-cap energy company operating Oklahoma oil and gas joint venture assets and developing build-to-suit AI data center campuses, anchored by the Black Bear campus in Noble County and a 50-50 JV with Comstock Holding Companies.

Ownership category

akta.pro rank

Product category

AI Data Center Infrastructure & Energy Production

NAICS

Oil and Gas Extraction (2111), Natural Gas Extraction (211130)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)

akta.pro secondary industries

Gas-to-Power Project Development (IPP/CPP, Permitting, Financing) (EUALALAC), Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

Keywords

• AI data centers
• Oil and gas production
• Behind-the-meter power
• Build-to-suit infrastructure
• Energy infrastructure development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Oil and Gas Production: Traditional oil and natural gas exploration, development, and production from JV properties across Oklahoma's most prolific formations including Hunton, Mississippi Lime, Woodford Shale, and STACK Play.
2. AI Data Center Infrastructure: Developing and operating AI data center campuses leveraging company's energy assets, providing powered land and infrastructure services to AI hyperscalers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Jericho Energy Ventures develops build-to-suit AI data center campuses and produces oil and natural gas. Its AI data center offering leverages the company's ~47,000-acre Oklahoma portfolio, 60+ miles of gas/power/water pipelines, and behind-the-meter natural gas power to deliver powered land and infrastructure to AI hyperscalers. Its oil and gas segment operates producing JV properties across Oklahoma's Hunton, Mississippi Lime, Woodford Shale, and STACK Play formations in the Anadarko Basin.

Product overview

Jericho Energy Ventures operates two core business segments: AI Data Centers and Oil & Gas. The AI Data Centers offering includes the flagship Black Bear AI Data Center Campus (launched April 2025) — a build-to-suit data center platform in Oklahoma that leverages the company's existing ~47,000-acre oil and gas portfolio, 60+ miles of gas/power/water infrastructure, and fiber connectivity to deliver high-performance AI computing power. The Oil & Gas segment represents the company's legacy business, focused on exploration and production across Oklahoma's Hunton, Mississippi Lime, Woodford Shale, and STACK Play formations. The strategic positioning combines traditional energy assets with AI infrastructure development to meet growing demand from AI hyperscalers.

Differentiator

Problem solved

Functional benefit

Brands

• Black Bear: JEV's flagship AI data center campus located in Noble County, Oklahoma. A build-to-suit (BTS) data center campus leveraging the company's ~47,000-acre portfolio of producing oil and gas properties with abundant, low-cost on-site natural gas.

Products and services

• AI Data Centers Build-to-suit (BTS) AI data centers purpose-built for high-performance AI computing, leveraging JEV's ~47,000-acre Oklahoma oil and gas portfolio with abundant, low-cost behind-the-meter natural gas power, 60+ miles of gas/power/water infrastructure, and fiber connectivity up to 100Gbps. Positioned between Oklahoma City and Tulsa. Targeted at AI hyperscalers and large data center operators.
• Black Bear AI Data Center Campus JEV's flagship AI data center campus development located in Noble County, Oklahoma. Designed to deliver secure, scalable, high-performance AI computing power leveraging on-site natural gas resources and the company's ~47,000-acre portfolio of producing oil and gas properties with behind-the-meter power.
• Oil & Gas Production Traditional independent oil and natural gas exploration, development, and production from joint venture properties across Oklahoma's Hunton, Mississippi Lime, Woodford Shale, and STACK Play formations in the Anadarko Basin. Operates approximately 47,000 net acres of mineral rights with established energy infrastructure.

Quantifiable outcome

• One of the largest AI data center campuses planned in Oklahoma targeting high-demand AI infrastructure market

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Smartkem Inc.minorStrategic or Co-development Partner · 20 November 2025Jericho Energy Ventures and Smartkem Inc. entered into a non-binding Letter of Intent for a proposed all-stock merger to create a U.S.-owned AI infrastructure company combining Smartkem's semiconductor innovations with JEV's energy platform. The LOI was extended and aimed at supporting demand for AI data centers.
• AT&T and Leading Fiber ProvidercoreTechnology or IntegrationStrategic fiber connectivity partnerships providing high-speed connectivity from 10Gbps scalable to over 100Gbps, supporting AI data center operations on company's Oklahoma acreage.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• TeraWulf: TeraWulf (Nasdaq: WULF) is an energy infrastructure operator focused on sustainable, behind-the-meter Bitcoin mining and AI/HPC data center hosting at its Lake Mariner facility in New York. Comparable to JEV as a vertically-integrated energy-to-compute platform transitioning from crypto to AI hosting.
• Range Resources: Range Resources (NYSE: RRC) is an independent natural gas E&P operator in the Appalachian Basin with a long history of unconventional gas development. Comparable to JEV's legacy oil and gas JV operations across Oklahoma's Hunton, Mississippi Lime, and Woodford Shale formations.
• Core Scientific: Core Scientific (Nasdaq: CORZ) emerged from bankruptcy in early 2024 and pivoted its 1.2 GW of energy-powered infrastructure toward AI/HPC hosting, signing major hyperscaler contracts. Comparable to JEV's pivot from a legacy energy/crypto model toward AI data center services.
• Applied Digital: Applied Digital (Nasdaq: APLD) designs, develops, and operates next-generation data centers purpose-built for AI/HPC workloads, with a focus on behind-the-meter and power-constrained solutions. Directly comparable to JEV's Black Bear campus strategy of co-locating compute with proprietary power assets.
• Greenidge Generation: Greenidge Generation (Nasdaq: GREE) operates natural gas-powered data center and hosting operations at its Dresden, NY facility, transitioning from power generation to AI/crypto hosting. Closely comparable to JEV's natural-gas-powered data center thesis.
• Iris Energy: Iris Energy (Nasdaq: IREN) operates renewable-powered data centers for Bitcoin mining and AI/HPC compute, leveraging behind-the-meter energy. Comparable as a small-cap, energy-native compute platform with a similar transition strategy toward AI infrastructure.

Broad incumbents

• Devon Energy: Devon Energy (NYSE: DVN) is a major U.S. independent E&P operator with significant Anadarko Basin acreage and unconventional production assets. Comparable as a broad incumbent in JEV's upstream oil and gas segment, with the scale and capital base that JEV lacks.
• Vantage Data Centers: Vantage Data Centers is a major global hyperscale data center operator with North American campuses. Comparable as a broad incumbent operating in JEV's target customer segment (AI hyperscalers), though much larger and not focused on behind-the-meter gas power.
• Equinix: Equinix (Nasdaq: EQIX) is a global interconnection-focused data center operator with extensive fiber and colocation infrastructure. Comparable as an incumbent serving AI/compute workloads, though Equinix focuses on interconnection density rather than energy asset ownership.
• Digital Realty Trust: Digital Realty (NYSE: DLR) is one of the largest global data center REITs serving hyperscalers and enterprise customers. Comparable as a broad incumbent in the AI data center hosting space that JEV is targeting with its build-to-suit campuses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/JerichoEV
• LinkedInlinkedin.com/company/jericho-energy-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jericho Energy Ventures