Well Power, Inc. (WPWR) in Position to Benefit from EPA Mandates, Now in Effect
From space they appear to be glowing embers of varying shades scattered across the earth. If you didn’t know any better, you’d assume them to be sprawling metropolitan areas illuminated by bright city lights. On the ground, however, these flare stacks are towering structures ranging from 100 feet to more than 350 feet in height. What makes them visible from satellite is the roaring plume of fire emitted from the top of the stack. It’s this flare that is the cause for much controversy surrounding the environmental impact of oil production.
Gas flaring is the controlled burning of natural gas in the process of drilling for oil. A large number of pollutants are emitted into the air during the flaring process, which is cause for alarm in places like North Dakota where oil drilling is on the rise. The reason for gas flaring lies in the conundrum that oil companies, for financial or logistical purposes, haven’t been able to build enough pipelines and other infrastructure to transport the natural gas away from the site and into the market. In this case, natural gas is considered more of a byproduct than a useful fuel.
The practice of gas flaring is often necessary to protect workers on drilling operations, but the routine emittance of large volumes of natural gas that harm the environment. “Large” seems too a minuscule word to house the magnitude of how much gas is actually released into the environment. Approximately 150 billion (that’s a b, not an m) cubic meters of natural gas are flared annually around the world, representing a tremendous waste of natural resources and churning 400 million metric tons of CO2 equivalent global greenhouse emissions, including methane.
It’s been a long time coming, but this month a mandate from the Environmental Protection Agency goes into effect that requires oil companies to invest in equipment that cuts toxic air emissions from fracking wells. One such route of compliance is a solution from Well Power, which holds the licensing rights to a mobile, high-yield technology capable of processing waste natural gas into “clean power” and engineered fuels.
Based on proprietary technology, Micro Refinery Units (MRUs) can be deployed with minimum capital expenditure, creating value from a wasted resource while contributing to improved environmental conditions and economic development for local populations.
Well Power’s plan is to be able to provide its technology in conjunction with full-service engineering, design, construction, modular fabrication, and maintenance and construction management services. The company also intends to offer consulting services, process assessments, feasibility studies, technology evaluation and project finance structuring, among other services, to clients in the upstream areas of exploration and production.
Gas flaring is a national concern that affects the air we all breathe and the environments we all enjoy. In addition to licensing rights in Texas, Well Power has secured the first right of refusal on other U.S. states such as North Dakota. Armed with proprietary MRUs, Well Power is positioned to be a competitive force with a powerful solution to the nation’s gas waste challenges.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
From space they appear to be glowing embers of varying shades scattered across the earth. If you didn’t know any better, you’d assume them to be sprawling metropolitan areas illuminated by bright city lights. On the ground, however, these flare stacks are towering structures ranging from 100 feet to more than 350 feet in height. What makes them visible from satellite is the roaring plume of fire emitted from the top of the stack. It’s this flare that is the cause for much controversy surrounding the environmental impact of oil production.
Gas flaring is the controlled burning of natural gas in the process of drilling for oil. A large number of pollutants are emitted into the air during the flaring process, which is cause for alarm in places like North Dakota where oil drilling is on the rise. The reason for gas flaring lies in the conundrum that oil companies, for financial or logistical purposes, haven’t been able to build enough pipelines and other infrastructure to transport the natural gas away from the site and into the market. In this case, natural gas is considered more of a byproduct than a useful fuel.
The practice of gas flaring is often necessary to protect workers on drilling operations, but the routine emittance of large volumes of natural gas that harm the environment. “Large” seems too a minuscule word to house the magnitude of how much gas is actually released into the environment. Approximately 150 billion (that’s a b, not an m) cubic meters of natural gas are flared annually around the world, representing a tremendous waste of natural resources and churning 400 million metric tons of CO2 equivalent global greenhouse emissions, including methane.
It’s been a long time coming, but this month a mandate from the Environmental Protection Agency goes into effect that requires oil companies to invest in equipment that cuts toxic air emissions from fracking wells. One such route of compliance is a solution from Well Power, which holds the licensing rights to a mobile, high-yield technology capable of processing waste natural gas into “clean power” and engineered fuels.
Based on proprietary technology, Micro Refinery Units (MRUs) can be deployed with minimum capital expenditure, creating value from a wasted resource while contributing to improved environmental conditions and economic development for local populations.
Well Power’s plan is to be able to provide its technology in conjunction with full-service engineering, design, construction, modular fabrication, and maintenance and construction management services. The company also intends to offer consulting services, process assessments, feasibility studies, technology evaluation and project finance structuring, among other services, to clients in the upstream areas of exploration and production.
Gas flaring is a national concern that affects the air we all breathe and the environments we all enjoy. In addition to licensing rights in Texas, Well Power has secured the first right of refusal on other U.S. states such as North Dakota. Armed with proprietary MRUs, Well Power is positioned to be a competitive force with a powerful solution to the nation’s gas waste challenges.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
