On a mission to create a better market for natural gas that earns more and wastes less.
In 2021, like many gas producers in the Barnett Shale, 360 Mining was marginally economic. Low gas prices, high midstream fees and wide differentials meant low realizations and even lower profitability.
Frustrated with this pattern, 360 Mining set out to change the status quo. In-Field Mining aimed to achieve better gas economics by converting natural gas into valuable computational outputs.
Over the past two years, 360 Mining has perfected this technology on their Barnett gas wells, earning 8x more than other producers in the basin. Today, 360 Mining is continuing to grow their operated footprint and is brining their revolutionary In-Field Mining technology to other oil and gas producers through their Services Platform.
360’s In-Field Mining Technology marks a paradigm shift in natural gas economics. For the first time ever, natural gas producers can enable a new market for gas, in an uncorrelated commodity, right at their pad site. In-Field Mining removes the traditional constraints that have shackled producers for decades. With In-Field Mining, gas producers can regain control and earn higher natural gas realizations.
Beyond the economic incentive, In-Field Mining is also a tool that is helping oil and gas producers reduce emissions, remove operational bottlenecks and comply with the ever-changing regulatory climate.
360 Mining is on a mission to transform the natural gas market and is passionate about empowering oil and gas producers with new tools to transform the way they evaluate and monetize their molecules. In-Field Mining is a paradigm shift and 360 Mining is excited to usher in its adoption.
