Crypto Co. Eyes Drilling Conventional Gas Well in NC Triassic Basin

Deep River Data, a company with connections to the cryptocurrency industry, wants to drill for natural gas in Lee County, North Carolina. However, production from the well would not be used to power crypto mining, but instead to fuel an AI data center. If approved, the project would be the first commercial well drilled into the Triassic Basin, a natural gas repository underlying North Carolina and other Eastern Seaboard states. The well that is planned is conventional, not shale, so it involves no (or very little) fracking.

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