Oil and gas operators are under constant pressure from investors, regulators and environmental groups to reduce emissions and capture gas volumes that would otherwise be vented or flared. The growing need to address ESG concerns has resulted in an ideal solution to utilize stranded gas from oil wells: harvesting flared gas to power mobile cryptocurrency mining supercomputers.
This emerging symbiotic relationship between the crypto and oil industries has highlighted the growing need to capitalize on this niche opportunity by accurately pinpointing appropriate assets and potential operating partners.
Shak joined Enverus in 2016 and is a Technical Advisor with five years of experience as a research analyst focusing on midstream and the Mid-Con. His specialties include play characterization, company valuations and financial modeling. Shak previously worked on the corporate development team at Lundin Mining and at Harvest Portfolios Group. Based in Calgary, he graduated from Queen’s University with a Bachelor of Commerce and is a CFA Charterholder.