Well Power, Inc. (WPWR) Gearing up for Sizable Opportunity Amid Gas Flaring Concerns
There is a fast-emerging challenge within the global energy industry today, and it poses not only serious implications for the environmental and human health, but also tremendous economic downsides. This challenge is gas flaring, or the burning of excess natural gas in oil fracking. With obstacles posed by industry regulations, approval processes, lacking pipeline infrastructure, and more, oilfield operators have found it better to “flare off” this excessive gas at the wellhead. On a global scale, approximately 150 billion cubic meters of natural gas are flared each year. In terms of wasted resources and lost revenue opportunities, it represents 2.4…