A local family operator in the Permian had been producing oil for over 15 years, but he could never monetize the associated gas. Until we approached him.
He didn't have pipeline access.
So his flare ran around the clock, burning away "waste" he knew should be revenue.
That's when we helped him with Bitcoin mining.
The operator went from creating $0 waste to generating a new, 24/7 revenue stream from that very same gas.
And it's a good thing too.
Around the time we met, he received a letter from state regulators saying they would NOT be renewing his flare permit.
His entire production faced the threat of shut down if it weren't for this Bitcoin mining opportunity.
Here's the thing:
Whether you flare or you don't, many O&G operators are stuck with underutilized or stranded gas they can't fully monetize.
Until they discover off-grid Bitcoin mining.
All of a sudden they can generate up to $5+ per mcf in profit from gas that would otherwise be worth little to nothing.
Bitcoin mining converts your "trash" into cash on autopilot.
