ConocoPhillips Selling Excess Gas to a Bitcoin Miner in North Dakota

So-called flaring, where excess natural gas is burned off into the atmosphere as part of oil drilling operations, has become standard industry practice because of the lack of transportation infrastructure. Aiming for the win-win of running their rigs while slashing carbon emissions from flaring, bitcoin miners, including Crusoe Energy and JAI Energy, are setting up shop next to drillers to capture that power. However, it’s not known if either of these companies are involved with this ConocoPhillips project.