An emerging energy
technologies company, Well Power uses a proprietary technology that is capable
of being deployed with minimal capital expense for the processing of waste
natural gas, such as vented, flared, or stranded gas into “clean power” and
engineered fuels. The company seeks to position itself as a provider of a
waste-reversing solution for clientele in the upstream areas of exploration and
production; specifically oil and gas operators and producers.
For its technology,
Well Power has secured the licensing rights to Texas as well as the first right
of refusal to other states. Specifically, the company’s technology is a highly
mobile Micro-Refinery Unit (MRU). The MRU is composed of an assembly of
commercial technologies with a proprietary micro-reactor system for hydrocarbon
processing and catalytic reactions. With these, the system has the ability to
process raw natural gas flows of between 75 Mcf to 250 Mcf, first conditioning
and converting methane and condensates into Syngas (CO and hydrogen). Thereafter,
the processing progresses to a Fischer-Tropsch reaction to produce Green Fuel™,
and power, which is produced from heat generated by exothermic reactions and
combustion. In short, it enables close-to-wellhead processing of raw natural
gas into liquid fuels and clean power.
Aside from being
modular, economical, and scalable, the MRU notably offers energy efficiency and
a higher productivity capability for greater yields. For easy site-to-site
transportability, the MRU is skid-mounted. It is also easily custom-configured
for optimal functionality.
Well Power notes
that gas flaring is one of the biggest pressing energy problems today. On an
annual basis, approximately 150 billion cubic meters of natural gas are flared
into the world each year. In total, that signifies a contribution of 400
million metric tons of carbon dioxide-equivalent global greenhouse gas
emissions. From an energy standpoint, that represents a 5 percent waste of
global gas production, or $10 billion in lost revenue at $2.00 per MMBtu, or
the equivalent of 2.4 million barrels of oil per day.
Making this solution
available to exploration and production clientele, the company seeks to expand
into Texas and then other states.
For more information
about Well Power, visit: www.wellpowerinc.com
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