Great day 1 at #Empower Cafecito and Day 2 here we go. #Bitcoin #Energy is Bigger in #Texas

GM #Houston see you at #Empower

If you are a miner large or small and need to find a site & power, we can help. #GetYourLand #GetYourPower #Bitcoin #Mining #NatGas #Oil #Upstream #Midstream #GIS Contact us to find out more BitPetro.app https://nostr.build/i/nostr.build_3407a908ba3a7551012c6d62a913b6f24c3edacee1e77e51b020fa4356f2a3f9.jfif

#MBL or meter by lightning is a system for settling oil and gas transactions via the Bitcoin Lightning Network. The oil and gas industry is a complex and dynamic sector that involves the production, transportation, and sale of energy commodities. The industry operates across a global network of suppliers, producers, distributors, and customers, and relies heavily on an efficient and accurate financial settlement to maintain stability and growth. With the advent of Bitcoin and Layer 2 payment networks like the lightning network, there is an opportunity to revolutionize the way financial settlements are processed in the oil and gas industry. Enabling energy companies to settle transactions more frequently, based on real-time sensor data, reduces counterparty risk and the need for collateral. Combined with the reduction in overhead costs from automating legacy and piecemeal settlement processes, MBL can help lower data error risks associated with manual accounting and settlement of hydrocarbons. #bitcoin #energy #oilandgas #lightningnetwork

Integrating #Financial #Settlement in the #OilandGas Industry using #Bitcoin and the #LightningNetwork The oil and gas industry is a complex and dynamic sector that involves the production, transportation, and sale of energy commodities. The industry operates across a global network of suppliers, producers, distributors, and customers, and relies heavily on an efficient and accurate financial settlement to maintain stability and growth. With the advent of Bitcoin and Layer 2 payment networks like the lightning network, there is an opportunity to revolutionize the way financial settlements are processed in the oil and gas industry. ERP and SCADA systems are two of the most widely used technologies in the oil and gas sector. ERP (Enterprise Resource Planning) systems are designed to help organizations manage their financial and operational data, while SCADA (Supervisory Control and Data Acquisition) systems are used to monitor and control processes and equipment. In an ideal scenario, ERP and SCADA systems should work together to provide a complete and integrated solution for the oil and gas industry. One of the benefits of using bitcoin and the lightning network for financial settlements in the oil and gas industry is the near-instant settlement of transactions. This means that payments can be processed in real-time, without the need for intermediaries or delays caused by traditional payment networks. This could have a profound impact on the industry, reducing costs and increasing efficiency by allowing companies to quickly and easily process transactions. The most widely used ERP systems in the industry, are SAP and Oracle. These systems are well-established, with a strong track record of success in managing financial and operational data for large and complex organizations. But sometimes accounting software is the only financial software in a small or mid-sized midstream company or a mom-and-pop exploration company. However, the integration of bitcoin and the lightning network into these systems is not as straightforward as it might seem. To fully realize the benefits of these technologies, a new hardware solution and an API module would need to be developed for the ERP or accounting system. This device/module system would allow the ERP/accounting system to interact with the lightning network and process bitcoin payments in real time. Such a system would need to be specifically designed to handle the unique requirements of the oil and gas industry, taking into account the complexities of the market and the need for accurate financial settlements. The module would need to be able to securely process and store data related to transactions, and integrate this information into the ERP system to provide a complete and up-to-date view of the financial and operational data of a company. In conclusion, the integration of bitcoin and the lightning network into the oil and gas industry has the potential to revolutionize the way financial settlements are processed in the industry. The development of an API module for the ERP system would be a critical step in achieving this goal, allowing companies to process transactions quickly, securely, and cost-effectively. This could have a profound impact on the oil and gas industry, reducing costs, increasing efficiency, and improving the overall market for everyone involved.

Simple-cycle gas generators operated at record highs last summer (@EIAgov ) Simple-cycle gas turbines are #less #efficient than combined-cycle gas turbines and require more fuel per unit of output

@EIAgov reported a #NatGas #draw of -81 Bcf for the week ending 2/24/2023. This was #larger than the median estimate of -76 Bcf. Today's stat fell within the expected range, which was -66 Bcf on the more bearish end, and -85 Bcf on the more #bullish end. #Inventories for the US are now at a #surplus of 451 Bcf to #lastyear and a #surplus of 342 Bcf to the #fiveyearaverage Seems like the US has all the gas we need... #LNG #Gas

The @EIAgov reported a #build of +1,166 MBbls in U.S. #Oil. The build was #smaller than the avg #estimate of +1,351 reported by @business #Inventories for the U.S. are now at a surplus of 66.40 MMBbls (16.0%) to last yr, and a surplus of 38.70 MMBbls (8.8%) to the five-yr avg

Hey #nostr Where will you be March 8-9th? I’ll be in #Houston for #Empower: Energizing Bitcoin, a @Digital Wildcatters event. No FOMO. Get your tickets now:

Collide

Collide Community - Collide

Finally, an online community for legit operators. Collide is a hand-vetted community exclusively for sharp people working in oil and gas. Ask and a...

Exciting news! We are thrilled to announce our first inaugural event of the Quarterly Bitcoin and Energy Speaker Series at the Texas Petroleum Clubs happening on March 14 at the Fort Worth Petroleum Club. Join our expert panel and network with other Energy industry professionals. Register now and be a part of the conversation! #BitcoinandEnergy #PetroleumClubSeries #InauguralEvent #Texas

Meetup

Bitcoin and Energy Speaker Series at the Texas Petroleum Clubs , Tue, Mar 14, 2023, 11:45 AM | Meetup

Join us on March 14 for the inaugural event of our quarterly Bitcoin lunch series at the Fort Worth Petroleum Club! Discover the transformative imp...

Technologies like Bitcoin have energy, human, and sunk capital components that make them more like infrastructure than equities. Long term you are investing in cryptocurrencies because they will be the roads and bridges of the future of Finance, the new backbone of FinTech. Written in 12/7/17 Today, I would correct this by replacing cryptocurrencies with #Bitcoin, and now it holds up. Credit to #[0] for the photo and a lot of inspiration.

See you all tomorrow evening! remember to RSVP 👉

Meetup

Fort Bitcoin #17, Tue, Feb 21, 2023, 6:00 PM | Meetup

Join us for our 17th Fort Bitcoin meetup at [HopFusion Ale Works](https://www.hopfusionaleworks.com/) Come learn about all things [#Bitcoin]() [#ed...

#BitcoinerMeetup #FortWorth #Texas #Bitcoin

See you all tomorrow evening! remember to RSVP 👉 meetup.com/fortbitcoin/ev… #BitcoinerMeetup #FortWorth #Texas #Bitcoin