On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Well Power, Inc. (WPWR) Offers Highly Economical & Environmentally Sound Micro Refinery Unit Solution to Gas Flaring

As of August this year, U.S. production of crude oil and lease condensate exceeded a whopping 8.6M barrels per day, a figure not seen in nearly three decades according to the EIA. More than half that sum came from the top three basins alone, with the Permian Basin in Texas and New Mexico doing 1.66M bbls/day, the Eagle Ford Shale in the Western Gulf Basin of southeastern Texas doing 1.57M bbls/day, and the still rapidly advancing Bakken Shale in the Williston Basin of (primarily) North Dakota doing about 1.13M bbls/day.

Improved drilling efficiency has been a driving force behind rising production outputs, with a single rig able to drill four wells these days in a fraction of the time, compared to just one well per rig only six years ago. Drillers are able to successfully tap more of the target formation(s) as well, using advancements like multiple hydraulic fracturing stages. Even in tight formations like the Eagle Ford, where EIA data indicates a sharp rise in initial production rates over the last five years, the combination of technological advancements now in play industry-wide are translating into significantly improved overall output on a per well basis over the lifetime of each well.

One of the drawbacks to all this production spiking however is the flaring of excess natural gas at the wellhead, due in large part to how much our national pipeline and CNG/LNG infrastructural capacities have lagged behind. This problem is exacerbated by the baseline logistics of development too, with isolated wells that are difficult to tie-in to existing infrastructure being a consistent problem. In the Eagle Ford Shale alone during the first seven months of this year, over 20B cubic feet of natural gas was wasted, burnt off straight into the atmosphere, a figure exceeding the total for all of 2012. Such staggering waste and pollution unfortunately has not led to massive public outcry for improved offtake infrastructure, instead crippling regulations have slowly been creeping their way into the industry cost structure, gradually passing the price point increases right back to the consumer.

One of the companies at the forefront of the drive to solve this dilemma is Well Power, Inc. (OTCQB: WPWR), which has secured exclusive licensing rights the state of Texas to a proprietary, patented Micro Refinery Unit (MRU) based solution, and the company has the right of first refusal to license this emergent technology in the other states as well. This MRU solution is an assembly of already proven commercial technologies, combined with a proprietary micro-reactor system, which can rapidly process hydrocarbon and perform the necessary catalytic reactions to efficiently produce “green fuels” like diluents, drop-in (no-sulphur) diesel and pipeline-quality synthetic crude (Engineered Fuels™). The system can even be used to generate clean electricity for use by equipment, directly at the well-site, turning otherwise wasted gas, including stranded, shut-in, flared and vented gas (which is increasingly under the crosshairs of regulators who want to jack up permit costs or bar operations on emissions grounds outrightly), into increased profit margins.

Moreover, the MRU is extremely flexible and modular in its design, as well as being easily transportable (skid-mounted), scalable and customizable, making it the perfect fit for remote well or wildcat operations. The MRU skid can be tailored to meet site-specific requirements as well, with features like a two or three phase inlet separator for easily parting production fluids, the ability to handle custom sweetening or dehydration needs, or even do cogeneration and HVAC using the excess heat and pressure. Yet the system can still handle high yield throughput, easily taking on raw natural gas flows up to 250 Mcf. The MRU technology also allows operators to jumpstart production without having to wait for tie-ins, and there are increasingly attractive logistical benefits to simply selling liquid hydrocarbons (instead of natural gas) as well.

Crude production in Texas for 2014 is on par with the whole of last year so far according to the latest RRC (Railroad Commission of Texas) data. With figures indicating Texas’ crude production this year is just 34M bbls shy of 2013 totals, not even counting November and December, and given that natural gas production is on-track to hit parity with last year, such a solution as the one being developed by WPWR for gas flaring is now in higher demand than ever before, and for an increasing variety of reasons. On the global scale, over 40% of the world’s natural gas reserves (over 3k trillion cubic feet) are classified as stranded, giving Well Power an exceptionally large, target-rich playing field longer-term, one which is roughly equivalent to the combined oil reserves of the whole of Saudi Arabia.

To get a closer look at Well Power, visit www.wellpowerinc.com

Let us hear your thoughts: Well Power Inc. Message Board

Archives

Select A Month
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered