Frequently Asked Questions

About Apex Gas Offtake

• What is Apex Gas Offtake

  In-Field Computing is 360 Energy's proprietary gas offtake system. This system captures and monetizes natural gas at the source - whether a pad site, CDP or midstream facility. This system leverages clean burning natural gas generators and modular data centers to turn natural gas into high dollar computations.

• What value propositions does In-Field Computing generate for oil and gas companies?

  In-Field Computing is provides many benefits to oil and gas companies:
  1 - Higher gas realizations. By putting natural gas to productive use through a data center, oil and gas companies are able to generate $10+ per Mcf.
  2 - Reduced Flaring and Emissions. In-Field Computing is gas offtake at the pad site, meaning oil and gas companies can leverage In-Field Computing in places where pipelines are unavailable. This innovation reduces the dependency on flaring for gas offtake and in turn, reduces emissions.
  3 - Increased Oil Production. With In-Field Computing, oil and gas companies can shut-in existing production less and complete new production quicker. Having mobile gas offtake can unshackle production that is capped by flaring permits or delayed by midstream buildouts.
  

• What value propositions does In-Field Computing generate for computing companies?

  In-Field Computing is provides many benefits to computing companies:
  1 - Low Fixed Cost Power. In-Field Computing consistently delivers power to data centers for less than $30 per MWh
  2 - Speed to Deploy. In-Field Computing infrastructure is readily available meaning new data center projects can be deployed and operational in as little as 4 weeks.
  

• What computing applications does In-Field Computing support?

  To date, every 360 Energy In-Field Computing installation support Bitcoin mining. Bitcoin mining is the perfect computing application for the oil field because it is interruptible and requires minimal internet connectivity. 360 Energy is actively exploring additional applications, like AI/HPC, cloud computing, edge computing and mesh networks, that can fit within the constraints of the oil field.

• How does In-Field Computing reduce methane emissions?

  Methane is more than 25x more potent than CO2, thankfully In-Field Computing is making a difference by reducing methane emissions in two ways:
  1 - Complete Combustion of Natural Gas. In-Field Computing uses efficient clean burning natural gas generators that are 99.9% efficient in the combustion and destruction of natural gas. Flaring natural gas results in the incomplete combustion of natural gas at ~91% efficiency which results in escaped methane that vents to the atmosphere.
  2 - Onsite Gas Capture. Over 60% of methane emissions in the natural gas industry happen off-pad where methane is leaked from pipelines, compression stations and processing plants. By capturing and destroying produced gas at the pad site, In-Field Computing removes these downstream processes avoiding the associated methane emissions.

• Is In-Field Computing permanent or modular?

  In-Field Computing is mobile and modular. The infrastructure stack is designed to deploy, move and redeploy quickly without the need of any permanent infrastructure. The generators and data centers are skid mounted and containerized. The system can be setup on an existing caliche pad with no requirement to pour concrete.

• What is the lead time for an In-Field Computing deployment?

  In-Field Computing can be deployed in as little as 4 weeks. Larger projects (2 Mmcf/d +) can take up to 12 weeks from signing the contract to be fully deployed and operational.

In-Field Computing Operating Checklist

• How much gas is needed to power an In-Field Computing module?

  360 Energy recommends at least 300 Mcf/d of consistent, stable flowing natural gas at a single location. Volumes below 300 Mcf/d are doable but have impaired economics where as volumes in excess of 300 Mcf/d have better economics.

• What natural gas contents are compatible with In-Field Computing?

  The generators used in In-Field Computing can handle a wide array of gas contents ranging between 900-1400 BTU with 20% or less CO2, N2 and up to 500 PPM of H2S. 1100 BTU is the efficiency sweet spot.

• What natural gas pressure is compatible with In-Field Computing?

  The ideal gas pressure range is 30-50 psig. There are low pressure regulators available that can handle gas pressure as low as 5 psig. Gas pressure above 50 psig will require step down regulators to get gas pressure into the 30-50 psig specification.

• I am in a remote location, how do I think about internet connectivity?

  In-Field Computing modules can run off Starlink and/or 4G LTE internet. This enables IFC to be deployed in remote areas completely cut off from civilization.

• How do I think about surface use for In-Field Computing?

  Usually oil and gas companies do not own the surface that their active oil and gas leases occupy. In order to deploy an In-Field Computing module, we recommend oil and gas companies review their leases and any existing surface use agreements. We have seen some operators deploy IFC under the guise of "required to market natural gas"; however, most operators will need a new or amended surface use agreement with the land owner.

• How do I think about midstream dedications with In-Field Computing?

  If the gas is dedicated to a midstream company you will need to approach the midstream company and ask for a lease. In most midstream contracts, where the gas is dedicated, the use of gas for IFC would put the operator in breach of the midstream contract. Some operators have considered deploying IFC under the guise of "lease use of gas" however this is not recommended.
  

• How do I pay the mineral owners when using gas for In-Field Computing?

  You will need to review the particular lease in question. Usually leases stipulate the "market rate for natural gas" meaning mineral owners continue to get paid for gas that is consumed in IFC at the traditional pipeline rate for natural gas. There are some cases, especially on newer leases, where mineral owners have broader claims on proceeds from products downstream of the pipeline rate, and even some leases that call out Bitcoin mining specifically. There is no single size fits all, every IFC deployment requires the review of the oil and gas lease to determine the treatment of mineral owners.

About 360 Energy

• Why should I choose 360 Energy over its competitors?

  360 Energy stands out from its competitors in three key ways:
  1 - We are upstream producers ourselves who first deployed IFC to solve our own issues in 2021. We are intimately familiar with the nuance and issues facing our upstream counterparts which is reflected in the infrastructure and service we provide.
  2 - Our infrastructure and technology stack is standardized, battle tested and scalable. The IFC stack is built upon 3 years of R&D and is actively deployed with some of the largest oil and gas producers in the world.
  3 - We are backed by premier oil and gas companies, like Halliburton/Halliburton Labs. This gives 360 Energy further credibility, validation in the marketplace and the support needed to scale up operations across the US and abroad.

• Where does 360 Energy operate?

  360 Energy is based in Austin, Texas with field operations headquartered in Fort Worth, Texas. 360 Energy is currently active throughout the Midcon region and is expanding operations across the lower 48 in 2025.

• Is 360 Energy’s solution compliant with environmental regulations?

  Yes, our solution aligns with regulatory requirements for reducing flaring and venting in oil and gas operations. By capturing and utilizing natural gas, we help our partners meet stringent environmental standards while improving operational efficiency.

• Can I tour one of your active In-Field Computing facilities?

  Yes, we have sites throughout the Midcon region. The best site to visit is in Fort Worth Texas on our company owned natural gas wells.

• How can I partner with 360 Energy?

  If you’re interested in collaborating with us, whether as an oil and gas operator, Bitcoin miner, or technology partner, please contact us through our contact page or email us directly at sales@360energyco.com.

About Economics & Bitcoin Mining

• What is Bitcoin mining, and how does 360 Energy contribute?

  Bitcoin mining is the process of validating transactions on the Bitcoin blockchain and earning Bitcoin rewards. It requires significant computational power and energy. 360 Energy provides a sustainable, cost-effective energy source by utilizing stranded or uneconomic natural gas to power mining operations in the oil field.

• Can I really make $10+ per Mcf with In-Field Computing?

  Yes you can. Over the past 5 years, netbacks with In-Field Computing have ranged from a low of $7 per Mcf to a high of $44 per Mcf. The average netback over the past 3 years is $21 per Mcf.

• How is my gas netback determined with In-Field Computing?

  In-Field Computing uses the generated electricity to power Bitcoin mining data centers which earn a fraction of Bitcoin every day. Gas netbacks take into account the Bitcoin earned per day, the market value of Bitcoin and total gas consumed in the IFC deployment to determine the netback.
  
  For example, a 1,000 Mcf/d IFC deployment earns 0.1 Bitcoin per day. At a $100,000 market price per Bitcoin, that equates $10,000 of revenue. Dividing your revenue by 1,000 Mcf/d gets you to a netback of $10/Mcf

• Do I need to take Bitcoin risk?

  No, most of our customers opt to liquidate the earned Bitcoin automatically in USD and get daily wires to their bank accounts. They do not have to custody or take on any Bitcoin price risk with this option. Other customers choose to hold the Bitcoin they earn with the expectation that Bitcoin will continue to appreciate over time.

• What is the target return profile of an In-Field Computing project?

  In-Field Computing projects target a 2 year payback and a ~35% unlevered IRR. Larger projects (1 Mmcf/d +) benefit from additional economies of scale the enhance the economic profile.

• What is the average useful life of an In-Field Computing project?

  In-Field Computing projects are made up of three key asset buckets which each have different useful lives:
  1 - Generators. 10+ years of useful life. Accounts for ~35% of project capex. Moderate residual value at end of life.
  2 - Data Centers. 7-10 years of useful life. Accounts for ~15% of project capex. Minimal residual value at end of life.
  3 - Servers. 5 year useful life. Accounts for ~50% of project capex. Minimal residual value at end of life.
  
  IFC projects are designed to operate for at least a decade. IFC customers should expect to deploy maintenance capex into servers after 5 years and into data centers after 10 years.

• Do I need to fund capex to benefit from In-Field Computing?

  No. 360 Energy offers a zero capex, zero opex option to producers who only want to sell natural gas for a fixed $/Mcf. Expect 360 Energy to pay $0.25 - $1.00 per Mcf in this option dependent on gas contents, total volume and term length. This is a great option for producers that are flaring associated gas and want to preserve capital for future drills.