⚠ Boundaries are approximate — estimated from deed legal description (M. Copeland Survey, Abstract No. 88, Hood County). Verify with Hood CAD before any action.
Chain of Title — Prior Deed (2007)
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Chain: Quicksilver Resources Inc. (2007) → Cowtown Gas Processing Partners L.P. (held 2007–2024) → Century Oaks Independent Farm LLC (2024 — current)
Deed Type
Limited Warranty Deed
Effective Date
May 3, 2007
Recorded
May 17, 2007 — Hood County Official Public Records, Vol. 2303, Pg. 212
Grantor
Quicksilver Resources Inc. (Delaware corporation) — 777 West Rosedale Street, Suite 300, Fort Worth, TX 76104
Grantee
Cowtown Gas Processing Partners L.P. (Texas limited partnership) — 777 West Rosedale Street, Suite 300, Fort Worth, TX 76104
Acreage Conveyed
25.85 acres — M. Copeland Survey, Abstract No. 88, Hood County, TX
Grantor Signatories
Philip W. Cook (SVP/CFO, Quicksilver Resources); Paul Jeffrey Cook (EVP Operations, Cowtown Pipeline Management Inc.)
Mineral Rights
Grantor (Quicksilver) reserved all oil, gas, and mineral rights
Prior Use
Former gas processing plant site (Quicksilver Resources / Cowtown Gas / EnLink Barnett)
Acreage Note
This deed conveyed 25.85 ac; current deed (2024) shows 29.683 ac total — difference (~3.83 ac) is Tract One added in 2024 conveyance. Confirm exact boundaries with Hood CAD.
Deed Summary — Current (2024)
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Deed Type
Special Warranty Deed
Effective Date
April 17, 2024
Recorded
April 18, 2024, 10:29 AM
Instrument No.
2024-0004888 — Hood County
Grantor
Cowtown Gas Processing Partners L.P. (EnLink Barnett Gas Services GP, LLC, general partner)
Grantee
Century Oaks Independent Farm, LLC
Grantee Address
11380 FM 50, Brenham, TX 77098
Consideration
$10.00 nominal + other good & valuable consideration
County
Hood County, Texas
Survey
M. Copeland Survey, Abstract No. 88, Hood County TX
County Clerk
Katie Lang — Hood County Clerk — (817) 579-3222
Return To
Bluebonnet Abstract and Title, LLC, 301 E Main St, Brenham, TX 77833-3705
Grantor Signatory
Christopher J. Greneaux — Director of Land, EnLink Barnett Gas Services GP, LLC
Pipeline Reservation
Grantor reserves all right, title, and interest in pipelines and appurtenant facilities on, over, below, or across the land
Tract One
3.833 acres (166,956.7 sq ft) — M. Copeland Survey, Abstract No. 88. Bound by County Road 326 at SE corner; conveyed out of a called 51.93 acres tract (Vol 2028, Pg 992).
Tract Two
25.85 acres — M. Copeland Survey, Abstract No. 88. Being part of a called 51.93-acre tract described in Warranty Deed to Quicksilver Resources Inc. (Vol 2028, Pg 0992).
Total Site
~29.683 acres combined (Tract One: 3.833 ac + Tract Two: 25.85 ac)
Broker Opinion of Value — May 2026
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BOV Date
May 26, 2026
Broker
Thomas P. West — August Property Company, Fort Worth TX — (817) 266-1104
Addressee
Cody Smith, 3801 Bent Elm Lane, Fort Worth TX 76109
Total Site
~51.96 acres / 2,263,378 sq ft — 3 parcels
Tract 1 — R40630
22 acres (970,517 sq ft)
Tract 2 — R101178
26 acres (1,126,026 sq ft) — 28,000 SF tilt-wall bldg + 6,240 SF sheet metal office
Tract 3 — R101127
4 acres (166,835 sq ft) — 12,000 SF sheet metal warehouse
Buildings (Total)
46,240 sq ft — built 2007, ~46.2% depreciated (39-yr straight-line)
Site Features
Caliche road, gravel, perimeter fence, gate access, oil & gas infrastructure on property
Land Value Range
$3,055,560 — $3,734,573 ($1.35 — $1.65 / sq ft; weighted avg comparable: $1.50/SF)
Building Value (Depreciated)
$1,620,456 — 28,000 SF tilt wall: $1,129,800; 6,240 SF office: $167,856; 12,000 SF warehouse: $322,800
Total Valuation Range
$4,676,016 (low) — $5,015,522 (mid) — $5,355,029 (high)
Notes
Opinion of value only — not a certified appraisal. Cost approach used for buildings; comparable sales approach for land (Hood & Johnson County comps, 2024–2026). Does not factor remediation or repurposing costs.
Power Access
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Utility / Provider
ERCOT — Abbey Bend 138kV substation (existing live interconnection); on-site 24″ OneOK natural gas pipeline tap for hybrid/behind-the-meter optionality
Nearest Substation
Abbey Bend Substation (Bus 350, 138kV) — on-site / existing interconnection, GPS 32.33458, -97.67317
Distance to Substation
On-site — site sits behind an existing, live ERCOT interconnection at the Abbey Bend substation
Available / Interconnect Capacity
17 MW operational today; 111.6 MW of validated headroom per ERCOT Capacity Report (Bus 350, Withdrawal Summer Peak Stressed, base case 2030, prepared 4/9/2026); scalable up to ~650 MW with network upgrades
Interconnection Voltage
138 kV at Abbey Bend substation (Bus 350); 3 transformers on-site; ~1,728.7 total transmission line miles in study footprint
Interconnect Queue Status
Active/operational — existing 17 MW interconnection live behind the meter. 28 pre-existing system issues identified in ERCOT study, totaling ~$2.636B, but these are TSP/ERCOT-allocated (not customer-funded); customer-allocated upgrade cost to scale site is estimated at ~$5–17M depending on phase
Site Infrastructure
~30 acres + ROFR on ~20 adjacent acres; 30,000 sqft industrial building w/ 10-tonne overhead crane + office + smaller warehouse; 2 on-site water wells; non-operating 5.5 MW gas turbine on-site (~$1.4M salvage value). Power cost ~$45/MWh.
Development Tracks (per investment memos)
Track 1 (On-Grid): Monetize existing 17MW — bitcoin miner offtake at $55–60/MWh (12-mo contract) transitioning to colo/HPC offtake at $90–120/MWh (3-yr contract) around month 13. Track 2 (Grid Powered Shell): 111MW powered shell build (~$1.12B capex), construction starting 2030, in-service ~2032–33, target lease economics $200–250/MWh equiv. Track 3 (Behind-the-Meter): 200MW via two 100MW Wartsila gas-generation packages fed by the on-site OneOK tap, ~$2.44B capex (excl. adjacent land), Phase A in-service ~2029, independent of ERCOT interconnection timing.
Notes
Underlying real estate contract is a TREC contract for ~29 acres at CR326, Cleburne, TX between Buyer Joel Fulford and Seller Kevin Hoot; a 5/20/2026 amendment allows Buyer to assign the contract and extends the closing date (June 15, 2026) by up to 30 days. The site already carries a live ERCOT interconnection — one of the strongest power positions of any BDE site reviewed to date. Confirm assignability of the underlying purchase contract and whether the Abbey Bend interconnection rights transfer with the real property.
Key Flags & Notes
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Pipeline Reservation — Grantor Retains Subsurface / Surface Pipeline Rights
Cowtown Gas Processing Partners (EnLink) expressly reserved all pipeline and appurtenant facility rights on, over, below, or across the land. Confirm with Century Oaks the extent of active pipelines and whether any surface restrictions apply to BDE's planned facility.Special Warranty Deed — Title Warranted Against Grantor's Claims Only
This is a Special Warranty Deed (not General Warranty). EnLink/Cowtown warrants title only against claims arising through Grantor — not against the world. Confirm title insurance was obtained by Century Oaks, and verify chain of title for any pre-existing liens or encumbrances.Former Gas Processing Plant Site — Quicksilver Resources / Cowtown Gas / EnLink Barnett
This property was a gas processing plant site from at least 2007. Chain: Quicksilver Resources (2007) → Cowtown Gas Processing Partners / EnLink (held 2007–2024) → Century Oaks (2024). Industrial infrastructure was already on site at time of BDE acquisition. Confirm no remaining environmental liabilities, soil contamination, or active pipeline easements that would restrict BDE's facility footprint. Mineral rights were reserved by Quicksilver in 2007 — confirm current mineral rights ownership via Hood County Clerk.BDE Relationship with Century Oaks Independent Farm LLC
Century Oaks (11380 FM 50, Brenham TX) is the recorded landowner. Confirm whether BDE owns, leases from, or has another arrangement with Century Oaks. If BDE leases, obtain and review the lease terms and confirm expiry / renewal obligations.
Recommended Next Actions
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1
Confirm BDE's legal relationship with Century Oaks Independent Farm, LLC
Is BDE a lessee, owner, or operator under a services agreement? Pull the relevant lease or operating agreement from the data room. Century Oaks address: 11380 FM 50, Brenham, TX 77098.
2
Assess pipeline reservation impact on facility development
EnLink (Cowtown Gas) reserved pipeline rights across the property. Obtain pipeline as-built maps from EnLink / Midstream or Hood County records to determine where active lines cross and whether they restrict building placement for the 17 MW facility.
3
Confirm title insurance and search for liens / prior encumbrances
Special Warranty Deed only covers Grantor's claims. Contact Bluebonnet Abstract and Title, LLC (301 E Main St, Brenham TX 77833) to confirm title insurance was issued and check for any prior liens, easements, or encumbrances in the Hood County records.
4
Verify Hood County / Johnson County jurisdiction and zoning
BDE's address (2400 County Road 326, Cleburne TX 76033) is in Johnson County; the deed is in Hood County. Confirm which jurisdiction governs this site, and verify zoning / permitting authority for the 17 MW facility. Hood County: (817) 579-3200.
5
Confirm power access — contact PEC or Oncor for Hood County
Identify the serving utility for the Hood County site location and confirm available capacity for 17 MW. Oncor and Pedernales Electric Cooperative (PEC) both serve parts of Hood County.
Parties & Contacts
Giga IV, LLC
BDE Entity
TypeDelaware LLC (BDE holding entity)
FiledDecember 18, 2023
DE Reg. Office108 Lakeland Ave, Dover DE 19901
DE Reg. AgentCapitol Services, Inc.
Authorized ByMatthew Lohstroh
BDE HOLDING ENTITY
Maximalist Energy IV LLC
BDE Entity
TypeTexas LLC (BDE operating entity)
FiledMarch 8, 2024 — Filing #805454860
ManagerPM Squared Financial — 6050 Southwest Blvd, Suite 150, Fort Worth TX 76109
TX Reg. AgentCaleb Rawls — 19600 Copperoaks, Tyler TX 75703
Mailing6050 Southwest Blvd, Suite 150, Fort Worth TX 76109
BDE OPERATING ENTITY
Century Oaks Independent Farm, LLC
Landowner
RoleCurrent owner of record — Hood County parcel
Address11380 FM 50, Brenham, TX 77098
Deed DateApril 17, 2024 — Inst. 2024-0004888
NotesConfirm BDE's legal relationship (lease vs. ownership). Contact via Texas SOS or pull lease from data room.
KEY LANDOWNER
Cowtown Gas Processing Partners L.P.
Prior Owner / EnLink
RolePrior owner (grantor) — EnLink subsidiary
GPEnLink Barnett Gas Services GP, LLC
SignatoryChristopher J. Greneaux, Director of Land
Pipeline RightsReserved all pipeline / appurtenant facility rights on, over, below, across the land
EnLink HQDallas, TX — (214) 953-9500
PRIOR OWNER
Bluebonnet Abstract & Title, LLC
Title Company
RoleDeed return-to / title agent
Address301 E Main St, Brenham, TX 77833-3705
NotesContact to confirm title insurance was issued and to pull chain-of-title search for Hood County parcel.
TITLE AGENT
Hood County Clerk
Katie Lang
Phone(817) 579-3222
Address201 W Bridge Street, PO Box 339, Granbury, TX 76048
NotesPrimary records office for Hood County deed and title research.
COUNTY RECORDS