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

  • Crusoe Energy, Mesa Natural Gas produce electricity from shale
  • Onsite power generation can avoid flaring, pipe bottlenecks
Tyler Winklevoss, right, and Cameron Winklevoss.

Tyler Winklevoss, right, and Cameron Winklevoss.

Photographer: David Paul Morris/Bloomberg

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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.