A prominent Gulf Coast oil and gas producer, who chose to stay anonymous for this case study, faced a common challenge in the oil and gas industry – an isolated well with associated natural gas and no existing gas pipeline infrastructure. Traditionally, this would have resulted in flaring the gas, a practice with environmental and economic downsides. Flaring not only contributes to greenhouse gas emissions but also represents wasted energy with no revenue generation.
360 Energy deployed its innovative In-Field Computing technology at this producer's well site. This modular solution processes the produced natural gas directly at the source, transforming it into valuable computational power.
Eliminated Flaring: 360 Energy's technology eliminated the need for flaring, significantly reducing the producer's environmental footprint.
Emissions Reduction: By capturing gas that would have otherwise been flared, 360 Energy is helping this producer avoid ~25,000 metric tons of CO2e emissions per year from a single well.
New Revenue Stream: By enabling the utilization of previously wasted gas, 360 Energy created a new revenue stream for the producer and turned a liability gas stream into a cash generating asset.
Viable Gas Offtake: The successful deployment demonstrates the viability of gas offtake at this location, paving the way for the producer to drill additional oil prospects without concerns about flaring.
Scalability: 360 Energy's modular design allows for future expansion as the producer's needs evolve.
"360 Energy's In-Field Computing technology provided a win-win solution for our company. We were able to eliminate flaring, reduce our environmental impact, and create a new revenue stream at this well site. This innovative solution also allows us to explore further drilling opportunities at this location without the worry of excess emissions", said an asset leader at the company.
This case study exemplifies the numerous benefits 360 Energy offers to oil and gas producers:
Reduced Environmental Impact: Eliminate flaring and its associated greenhouse gas emissions.
Increased Revenue: Generate new revenue streams by monetizing previously wasted natural gas.
Operational Efficiency: Optimize well economics and unlock the full potential of your assets.
Scalability: Easily adapt to changing production needs with modular in-field computing solutions.
360 Energy's collaboration with this oil and gas producer demonstrates the power of In-Field Computing in transforming the oil and gas industry. By creating a sustainable and economically viable solution, 360 Energy is helping producers achieve their environmental and financial goals.
