Entrada Resources Acquired by New West Data | Energy M&A Deal

New West Data has signed a letter of intent to acquire Entrada Resources, a oilfield services business in Central Alberta near Rocky Mountain House, for an undisclosed amount. New West Data acquisitions target concentrated, high-quality oil and gas production assets that are expected to add 3,500 BOE/d to its current 1,000 BOE/d profile, including 2,000 bbl/d of incremental oil and liquids. The Entrada Resources acquisition also aims to secure stranded natural gas energy capacity to power additional off-grid compute, supporting New West Data’s expansion beyond bitcoin mining into high-density HPC and AI. The strategic platform acquisition is expected to close in Q3 2026, with New West Data planning to bring total oil and liquids production to about 2,300 bbl/d and proprietary power generation capacity to 35 MW.