Crusoe Energy Systems LLC announced today a new collaboration with XCL Resources LLC to deploy Crusoe’s flare technology in Utah’s Uinta Basin.
Under an agreement with XCL, Crusoe will use its Digital Flare Mitigation technology to add 6 MMcf/d of XCL’s production in the Uinta.
Crusoe said its equipment, running at full capacity, is expected to reduce equivalent CO2 emissions by up to 273,000 tons per year, equivalent to taking 60,000 cars off the road for a year.
The project is projected to bring more than 100 jobs consisting of both short- and long-term construction and operational employment opportunities to the basin.
“We’re excited to extend Crusoe’s positive environmental impact into the Uinta Basin and to significantly expand our capacity to reduce methane emissions,” said Cully Cavness, Crusoe’s co-founder and president. “This collaboration with XCL will help to advance Crusoe’s mission to align the future of computing with the future of the climate.”
“XCL is focused on providing abundant, low-cost and reliable energy that is developed responsibly within our communities,” said Blake McKenna, XCL’s President and COO. “This partnership with Crusoe fits that strategy by implementing cutting-edge technology that reduces emissions and supports XCL’s continued growth.”
Recommended Reading
US Refiners to Face Tighter Heavy Spreads this Summer TPH
2024-04-22 - Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
Wirth: Chevron Won’t Put ‘New Capital into Venezuela’
2024-05-01 - California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.
CERAWeek: Trinidad Energy Minister on LNG Restructuring, Venezuelan Gas Supply
2024-03-28 - Stuart Young, Trinidad and Tobago’s Minister of Energy, discussed with Hart Energy at CERAWeek by S&P Global, the restructuring of Atlantic LNG, the geopolitical noise around inking deals with U.S.-sanctioned Venezuela and plans to source gas from Venezuela and Suriname.
US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
2024-04-10 - Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
CERAWeek: Tecpetrol CEO Touts Argentina Conventional, Unconventional Potential
2024-03-28 - Tecpetrol CEO Ricardo Markous touted Argentina’s conventional and unconventional potential saying the country’s oil production would nearly double by 2030 while LNG exports would likely evolve over three phases.