Oil and gas operators in the Rockies region are crypto-mining with what would otherwise be flared gas. Here’s how it works and the monetizing-while-greening opportunity from Cully Cavness, president and co-founder of Crusoe Energy.
Crusoe Energy provides oil and gas companies with a fast, low cost and simple solution to natural gas flaring through the company’s patented digital flare mitigation systems.
“Globally, there is more than five trillion cubic feet of gas flared annually,” Cavness said during Hart Energy’s recently held DUG Bakken and Rockies virtual conference. “And if that gas was captured and converted into electricity, it would be approximately enough electricity to power all of the continent of Africa, where more than one billion people live.”