Well Power, a
development stage company, focuses on energy solutions and technologies that
have the potential of producing clean power and engineered fuels.
The company’s goal
is to provide a viable yet cost-effective way of turning wasted-gas opportunities
in the oil and gas sector into revenue streams and to do so with minimal
capital outlay. The company’s business plan is to position itself as a
technology company, which will provide oil and gas producers and operators a
solution to turn otherwise wasted natural gas, including stranded, shut-in,
flared and vented gas, into valued end-products including electrical power and
engineered fuels (diesel, diluents, and synthetic crude).
Well Power has
entered into an exclusive, five-year licensing agreement with ME Resource
Corp., a Canadian company that is developing mobile and scalable Wellhead
Micro-Refinery Units (MRUs). The MRUs can be deployed close to wellheads so as
to transform raw natural gas into clean power and liquid fuels. As a result of
the licensing agreement, Well Power can begin to make plans for initiating the
distribution of MRUs throughout Texas. The license also grants Well Power first
right of refusal on additional territories within the United States so it has
the choice of considering whether to distribute the units from Texas into other
geographical areas.
ME Resource Corp.,
in collaboration with Well Power, continues to develop the novel technology
behind the licensed Micro-Refinery Unit. For now, individuals and companies engaged
in the oil and gas sector can explore opportunities to partner with Well Power
and learn more about this mobile technology which, once developed, will process
wasted raw natural gas into engineered fuels and electric power.
The Micro-Refinery
Unit is intended to blend a micro-synthesizing system with commercial
technologies and, with the inclusion of power-generation components and
catalytic reactors, to realize several liquid and power outputs. Each MRU
includes a container-sized unit with the facility to convert an estimated
100,000 cubic feet of natural gas a day into various clean power and engineered
fuels.
For more
information, visit the company’s website at www.wellpowerinc.com
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