Well Power is taking
an aggressive approach to address the concerns of flared gas in the United
States, which has significantly grown alongside the nation’s rapid rise in oil
and natural gas production. According to the latest data from the World Bank, total
flared gas in the United States increased 223% to 251 billion cubic feet in the
four-year span of 2007-2011. The result is a loss of $1 billion in fuel in 2012
alone, and millions of metric tons of greenhouse gas emissions.
In North Dakota,
natural gas production has outpaced extensions to the state’s gas pipeline
capacity and processing facilities, according to the U.S. Energy Information
Administration, driving the amount of nonmarketed natural gas output (which is
flared into the atmosphere) up 200% in 2013. From 2008 to 2012, the amount of
gas that producers flared in North Dakota accounted for 22% of all natural gas
that was either flared or vented in the United States.
North Dakota is one
of several states experiencing increases in flared gas, and has voiced its
plans to steadily reduce its percentage of nonmarketed gas to 10% by the end of
2020, according to a January 29 report from the North Dakota Petroleum Council.
For Well Power, the
increase in gas flaring translates into a problem for which the company offers
a powerful solution. Well Power is developing its mobile and scalable Wellhead
Micro-Refinery Unit (MRU) to process raw natural gas into liquid fuels and
clean power. This not only addresses the environmental degradation associated
with gas flaring, but also creates a marketable product for the operators and
producers.
MRUs are an assembly
of proven commercial technologies with a proprietary micro-reactor system for
hydrocarbon processing and catalytic reactions. The units have the ability to
process raw natural gas flows of between 75 Mcf to 250 Mcf and convert methane
and condensates to Syngas (CO and hydrogen). This is followed by a
Fischer-Tropsch reaction to produce Green Fuel™ and power produced from heat
generated by exothermic reactions and combustion.
Well Power has
secured the licensing rights to Texas with the first right of refusal on the
other U.S. states, including North Dakota, to the MRUs. The company is licensed
to provide its technology with full-service engineering, design, construction,
modular fabrication, maintenance, and construction management services to
clients in the upstream areas of exploration and production, and will also
provide consulting services, process assessments, facility appraisals,
feasibility studies, technology evaluations, project finance structuring and
support, and multi-client subscription services.
The company plans to
deploy its first test unit later this year, addressing a national concern that
results in billions of dollars of losses and poses a significant threat to the
environment.
For more
information, visit www.wellpowerinc.com
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