Well Power, Inc. (WPWR) Positioned to Capitalize o
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Posted On: 04/13/2015 4:12:42 PM
Well Power, Inc. (WPWR) Positioned to Capitalize on Environmental Reform Measures
According to a report from National Geographic, the Obama administration recently announced measures to significantly slash U.S. emissions of methane gas produced by the oil and gas industry. The potent greenhouse gas is often intentionally released directly into the atmosphere or ignited, particularly in areas where transport to the market isn’t feasible from a financial perspective. Well Power, Inc. (OTCQB: WPWR), through its exclusive licensing agreement for a scalable Micro-Refinery Unit (MRU), is focused on providing the industry with a financially-viable alternative to the wasteful flaring practices.
Well Power’s MRU is designed to allow companies operating in the oil and gas industries to turn excess natural gas into valued end products such as engineered fuels, electric power and heat. Using a propriety micro-reactor system and a collection of proven commercial technologies, the company is developing an environmentally-friendly solution to stranded, shut-in, flared and vented gas.
In a letter to shareholders released in October, Cristian Neagoe, Chief Executive Officer of Well Power, outlined the company’s plans of building an MRU prototype before moving forward with commercialization. When completed, Well Power should be in a strong position to capitalize on the new environmental mandates throughout the country.
According to reports from the U.S. Energy Information Administration, gas flaring in the oil and gas production hotbed of North Dakota peaked in 2014, accounting for over 35 percent of total natural gas production throughout the state. With the White House aiming for a decrease of 40 to 45 percent in the next ten years, the market for new technologies that make use of excess natural gas is at an all-time high.
As Well Power approaches commercialization of its revolutionary MRU, look for the company to encounter opportunities for significant growth in the years to come. With the oil and gas industry on the edge of noteworthy, government-mandated environmental reform, Well Power is strategically positioned to capitalize on the changing market and provide a substantial boost to its overall market share.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
According to a report from National Geographic, the Obama administration recently announced measures to significantly slash U.S. emissions of methane gas produced by the oil and gas industry. The potent greenhouse gas is often intentionally released directly into the atmosphere or ignited, particularly in areas where transport to the market isn’t feasible from a financial perspective. Well Power, Inc. (OTCQB: WPWR), through its exclusive licensing agreement for a scalable Micro-Refinery Unit (MRU), is focused on providing the industry with a financially-viable alternative to the wasteful flaring practices.
Well Power’s MRU is designed to allow companies operating in the oil and gas industries to turn excess natural gas into valued end products such as engineered fuels, electric power and heat. Using a propriety micro-reactor system and a collection of proven commercial technologies, the company is developing an environmentally-friendly solution to stranded, shut-in, flared and vented gas.
In a letter to shareholders released in October, Cristian Neagoe, Chief Executive Officer of Well Power, outlined the company’s plans of building an MRU prototype before moving forward with commercialization. When completed, Well Power should be in a strong position to capitalize on the new environmental mandates throughout the country.
According to reports from the U.S. Energy Information Administration, gas flaring in the oil and gas production hotbed of North Dakota peaked in 2014, accounting for over 35 percent of total natural gas production throughout the state. With the White House aiming for a decrease of 40 to 45 percent in the next ten years, the market for new technologies that make use of excess natural gas is at an all-time high.
As Well Power approaches commercialization of its revolutionary MRU, look for the company to encounter opportunities for significant growth in the years to come. With the oil and gas industry on the edge of noteworthy, government-mandated environmental reform, Well Power is strategically positioned to capitalize on the changing market and provide a substantial boost to its overall market share.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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