"The gas, which would otherwise have been burned off, is instead routed to a bitcoin processor.
For years, oil and gas companies have struggled with the problem of what to do when they accidentally hit a natural gas formation while drilling for oil. Whereas oil can easily be trucked out to a remote destination, gas delivery requires a pipeline. If a drilling site is right next to a pipeline, they chuck the gas in and take whatever cash the buyer on the other end is willing to pay that day. But if it’s 20 miles from a pipeline, drillers often burn it off, or flare it. That is why you will typically see flames rising from oil fields.
The process reduces CO2-equivalent emissions by about 63% compared to continued flaring.."
https://www.cnbc.com/2022/02/15/conocophillips-is-selling-ex...