Could turning flared gas in Texas's Permian Basin into electricity to power bitcoin mining be a solution for shale producers?One analyst raised the idea as the oil-rich Permian has become one of the worst natural gas markets in the U.S., given a pipeline shortage that's leaving gas trapped in the region. The basin could add an "astounding 25 bcfd of wet gas to 2025, which will mostly be treated as a byproduct based on oil price and possibly even flared! What could producers do instead with this free gas?" Bernstein analysts led by Jean Ann Salisbury ponder in a note to clients. Continue reading...
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