Exxon’s experiment aims to turn a profit in the crypto industry from otherwise unspent gas.
The pilot takes gas from an oil well in the Bakken Formation within the Williston Basin along the US/Canada border to run mobile generators powering crypto-mining servers on-site.
Exxon, which has been operating its pilot project since January 2021, utilizes up to 18 million cubic feet of gas monthly instead of burning it off due to a shortage of pipelines, per the report.
The oil giant is considering similar initiatives in Alaska, Nigeria, Argentina, Guyana and Germany.
