Oracle said Project Jupiter remains on track in New Mexico, but a delay to the Green Chile Project natural gas pipeline has raised fresh questions about the timeline for the $165 billion AI data center development. Transwestern Pipeline, a subsidiary of Energy Transfer, said in a regulatory filing that the pipeline's expected in-service date was pushed back from August 15, 2026 to February 1, 2027. Oracle shares fell as much as 4.6% to 5% intraday on the news before closing down 3.7%, leaving the stock down roughly 23% year to date. Project Jupiter, part of Oracle's broader AI infrastructure build-out and tied to the Stargate contract with OpenAI, spans about 1,400 acres in Doña Ana County, New Mexico and is projected to cost up to $165 billion. Oracle has said the campus remains "on-schedule," with more than 2,700 workers on site, over 2 million work hours logged, nearly $80 million in tax revenue generated, and 80% funding committed for a $50 million local water infrastructure investment. The project is planned to include four data centers and is expected to create more than 7,000 construction jobs and about 1,500 operating roles. Oracle shifted its power plan from natural gas turbines to Bloom Energy fuel cells with planned capacity of up to 2.45 gigawatts, though the Green Chile pipeline remains critical fuel infrastructure for the site. The approximately 18-mile pipeline is designed to carry up to 400 million cubic feet of gas a day. The delay stems from repeated route rejections by the New Mexico State Land Office for a segment crossing state land, local environmental opposition near the U.S.-Mexico border, and a more extensive environmental assessment required by the Federal Energy Regulatory Commission. Oracle told federal regulators in May that approval was "time-critical" and that delays would jeopardize the overall objectives of Project Jupiter. Energy Aspects analyst Josh Garcia said the new target date "may not be realistic" and that the project may not come online before the second half of 2027, with cancellation risk if progress stalls. The setback lands as investors closely watch Oracle's AI spending after fiscal 2026 capital expenditures reached about $55.7 billion and the company guided for up to $95 billion in fiscal 2027, while total debt rose to $218.7 billion at the end of May from $147.4 billion a year earlier.