Texas Energy Group

Texas Energy Group is a privately held energy and power infrastructure company headquartered in Spicewood, Texas. Waylan Johnson, Ryan Nuckolls and Chris Miller founded the company, and Johnson serves as president. The group began in oil and gas exploration and drilling investments. Its founders also built Pumpjack Power, a retail electricity provider for oil and gas operators in ERCOT that Chariot Energy later acquired.

Texas Energy Group operates as a family of companies. TEG Energy Management offers energy procurement, risk management and utility services in ERCOT. Power Infrastructure Partners provides engineering, procurement and construction for substations, power lines and on-site generation. TEG Digital develops and manages power infrastructure for data centers and bitcoin mining.

Through TEG Power Development, the group assembles powered land for data center campuses that pair grid power with on-site natural gas generation. Its projects include Project El Camino, south of Devine in Medina County, and three planned campuses along the I-35 corridor near Austin.

Texas Energy Group History:

• In May 2026, Texas Energy Group presented Project El Camino at a public town hall in Devine, Texas.
• In April 2026, it announced Project El Camino, an AI data center campus with an on-site natural gas power plant south of Devine in Medina County.
• In January 2026, it signed purchase and sale agreements for three planned AI data center campuses near Austin and expanded its partnership with Tidal NRG.
• In June 2025, Texas Energy Group and Tidal NRG announced a partnership to develop AI data centers in the ERCOT market.
• In 2024, the group sold its retail electricity supply business and launched TEG Energy Management.
• In February 2014, Texas Energy Group announced its affiliation with Spicewood Operating Company, a licensed Texas oil and gas operator.
• Founded in Spicewood, Texas.