Houston-based Well Power is taking a
proactive approach to a growing problem within the oil and gas industry: the
costly effects of gas flaring. On a global scale, it is estimated there are 150
billion cubic meters of natural gas flared each year. In terms of wasted energy
resources and lost revenue potential, that represents 23% of the United States’
natural gas use and around $10 billion in lost revenue. Gas flaring also
presents risks to the environment and human health, as it produces millions of
metric tons of harmful emissions each year that impact air quality.
There have been growing concerns over gas
flaring and its effects in the United States, as seen in recent headlines. For
instance, in the resource-rich state of North Dakota, around one-third of
natural gas is flared. Each month, it is reported that around two-thirds of the
gas flared in North Dakota is at wells that lack the infrastructure for keeping
up with on-site production. Since 2000, total flared gas has doubled in the
United States, and data from the World Bank shows it increased 223% to 251
billion cubic feet between 2007 and 2011.
It is here that Well Power has an innovative
solution to the growing problems caused by gas flaring. In collaboration with
ME Resource Corp., Well Power is offering the mobile and scalable Micro
Refinery Unit (MRU), which can be deployed close to wellheads for processing
waste natural gas into clean power and engineered fuels, including no-sulphur
diesel and diluents. Proprietary technology enables this system to be
transferred from site-to-site with overall minimal capital expenditure. Well
Power holds licensing rights for the MRU in Texas as well as the first right of
refusal for the other U.S. states.
On top of the MRU, Well Power intends to
offer a full suite of complementary services. These offerings will include:
full-service engineering, design, construction, modular fabrication,
maintenance, and construction management services. The company will also
provide other value-laden services spanning consulting services, process
assessments, facility appraisals, feasibility studies, technology evaluations,
project finance structuring and support, and multi-client subscription
services.
As this hotbutton issue grows and captures
more attention from the public, oil and gas industry players, policy-makers,
and more, Well Power is working to bring this innovative, clean energy solution
forward as an economical alternative to the costly process of flaring excess
gas. It is anticipated that the deployment of the first test unit will come at
some point later this year.
For more information, visit:
www.wellpowerinc.com
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