QualityStocks News - Well Power Inc. (WPWR) Exclusive Micro-Refinery Unit Licensing, Distribution Spells Bright Future Amid Continuing US Oil Boom

QualityStocks would like to highlight Well Power Inc. (OTCQB: WPWR). The company has secured the licensing rights to Texas with the first right of refusal on the other US states to a new technology solution to process waste natural gas, such as vented, flared or stranded gas, into “clean power” and engineered fuels, including no-sulphur diesel and diluents. Based on proprietary technology, this solution is mobile, high-yield and can be deployed with minimum capital expenditure.

In the company’s news,

Well Power has secured exclusive licensing and distribution rights in Texas, as well as rights of first-refusal in the other states, to a continually developing and extremely flexible/scalable Micro-Refinery Unit (MRU) technology that lets upstream oil and gas operators simultaneously address the environmental impact/inevitably increasing regulatory costs of gas flaring and process the otherwise burned-off gas down into highly saleable fuel products or clean energy on-site.

The initial target market for this technology couldn’t be richer, with activity in the Permian Basin, Barnett Shale, and Eagle Ford Shale alone representing a huge customer base for the MRU roll out, with operators all keen to immediately begin deriving revenue from otherwise wasted resources, including flared, shut-in, stranded, and vented gas. The ability to simply slap in an MRU on some existing production architecture and subsequently generate a range of valuable Engineered Fuel™, from no-sulphur diesel, diluents, and drop-in diesel to pipeline-quality synthetic crude, is a game-changer for revenue hungry operators with their eyes fixed on expanding production.

The MRU, an ingeniously scaled-down and mobile assembly of already proven technologies, represents a small capital outlay to upstream operators, yet kills two birds with one stone, reducing CO2 emissions (which face continual regulatory pressure both at home and abroad) and simultaneously producing what can be construed from a market standpoint as a kind of LNG export-aligned product series. The ramp up to monetize abundant U.S. shale gas and export it to Europe or the Asia-Pacific region is accelerating rapidly, with the U.S. DOE and its equivalent in the home country of MRU licensor ME Resource Corp. (CNSX:MEC), the Canadian National Energy Board, approving a total of 14 applications (27 more pending) to export LNG to non-Free Trade Agreement countries as of this March.

Able to handle 75 Mcf to 250 Mcf flows, the MRU conditions/converts the methane and condensates into a syngas, which is then chemically liquefied via the Fischer-Tropsch process into Green Fuel™, while electricity is optionally derived from associated combustion and exothermic reactions. This technology isn’t just designed for high yields, slashed emissions, and usability though (modularity is essential here), it’s also designed for energy efficiency and safety, with extremely good heat transfer, an integrated heat exchanger, and a single-vessel gauze reactor plus fluidized bed design that makes for an optimally robust piece of hardware which can also really get the job done in terms of throughput. WPWR stands to do very well providing the full-service engineering, as well as modular fabrication, implementation, and maintenance associated with distributing this innovative technology in the U.S. and as markets come to their senses regarding the underlying logistical realities inherent in the story, investors will have learned about this micro-reactor solution what upstream operators already know. When the MRU’s finally impact the market, they are going to hit big.

The company closed their initial, successful round of funding back in March and subsequently delivered the initial licensing fee on the MRU technology to MEC and WPWR is currently seeking to expand their MRU license territory to other states where the environmental impacts of flaring and obvious economics of the technology dovetail. With some 150B and growing cubic meters of natural gas flared worldwide each year, we are wasting an enormous amount of energy, around $10B worth (at $2.00 per MMBtu), or roughly 23% of our natural gas consumption here in the U.S. Meanwhile we are needlessly generating roughly 400M metric tons of CO2-equivalent emissions and those emissions will have to be addressed, one way or the other. WPWR is well-positioned as a development-stage company to grow into a major leader in the flare gas capture/processing space.

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