An
excellent value proposition exists for Well Power to join the movement to curb
gas flaring.
Well
Power, a development stage company, is entirely focused on energy solutions and
technologies that could potentially produce clean power and engineered fuels.
Well Power intends to position itself as a technology company that will provide
oil and gas producers a means of transforming otherwise-wasted natural gas
(flared, vented, stranded or shut-in gas) into valued end-products (e.g.
electric power or engineered fuel). The company’s specific plan is to offer a
feasible, cost-effective way of turning wasted-gas opportunities in the oil and
gas sector into revenue streams with only a nominal investment initially.
The
company has acquired an exclusive license from ME Resource Corp., a Canadian
public company developing mobile, scalable Wellhead Micro-Refinery Units
(MRUs). These units are being designed for close deployment to wellheads with
the ultimate goal of turning the raw natural gas expelled in the vicinity of
these wellheads into liquid fuels and clean power.
The
MRU is intended to blend a micro-synthesizing system with commercial technologies
and, with the inclusion of power-generation components and catalytic reactors,
to realize various liquid and power outputs. Each MRU, which has a price tag of
approximately $800,000, includes a container-sized unit with the facility to
convert, on a daily basis, an estimated 100,000 cubic feet of natural gas into
clean power and engineered fuels.
Well
Power holds an exclusive license to distribute these Micro Refinery Units in
Texas. Furthermore, this licensing agreement with ME Resource Corp. is valid
for five years. Well Power is eager to begin the business of distributing MRUs
in Texas and, from there, into other geographical areas. It is exceedingly
helpful that, thanks to its exclusive license with ME Resource, Well Power has
the first right of refusal regarding any potential distribution efforts in
other US territories.
ME
Resource and Well Power continue to develop the technology behind the
Micro-Refinery Unit. For now, individuals and companies engaged in the oil and
gas sector can explore opportunities to partner with Well Power and to learn
more about this novel technology.
For
more information, visit www.wellpowerinc.com
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