Bloomberg: Winklevosses, Private Equity Eye Power as U.S. Gas Glut Fix

The Winklevoss twins and a Dallas-based private equity firm are putting their money behind one way to shrink a glut of natural gas from U.S. shale basins: Burn it to produce on-site electricity.

Mesa Natural Gas Solutions LLC makes mobile generators that use gas from places like the Permian Basin of West Texas to power drilling operations. It’s a portfolio company of BP Energy Partners LLC, in which oil tycoon T. Boone Pickens was an early investor and still has a limited financial interest.

Meanwhile, Crusoe Energy Systems Inc. has raised about $5 million in seed financing from investors including Bain Capital Ventures and Cameron and Tyler Winklevoss’s Winklevoss Capital Management LLC to build small data centers that can mine cryptocurrency, running on gas from the wellsite.