Calgary oil and gas company Persist Oil and Gas Inc. has been ordered to remove all its equipment from a piece of land it leased in Rocky View County after it was found to be operating an illegal Bitcoin mining operation at the site. Geremia admitted he didn’t obtain permits for Bitcoin mining from the Alberta Utilities Commission, Land and Property Rights Tribunal or Rocky View County.
 | The Alberta Court of King’s Bench said March 10 that Massimo 'Mass' Geremia breached the terms of a lease with property owner Roy Flowers. Persist installed multiple one-megawatt gas generators, computers and other equipment designed for mining Bitcoin in April 2021. Natural gas was used to power the compressor when gas prices were low enough for it to be more profitable to mine Bitcoin. The original 10-year lease expired in 2019 and Persist didn't have a new one. Mass@persistoilandgas.com  | When oil and gas company Manitok Energy went out of business in 2018, it sent tens of millions worth of environmental liabilities to the Orphan Well Association, the non-profit responsible for cleaning up the messes left behind by bankrupt oil and gas companies. |
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 | Less than a year later, new company Persist Oil and Gas Inc, with the same CEO Massimo 'Mass' Geremia, acquired all of Manitok's remaining non-orphan well assets ... while dumping the liabilities on taxpayers. Albertan farmers see shitholes like Mass Geremia come in, run up huge bills, and then evaporate. The public get left with the bill, and the farmer gets stuck with the deteriorating wells. It costs around $229,000 on average to plug and reclaim wells, with related pipelines and facilities doubling that cost. |
Using $200k, and ignoring infrastructure, the 181 orphan wells pure shitbag Massimo 'Mass' Geremia ran away from will cost in the realm of $72 million.
