QualityStocks News - Texas’ Eagle Ford Shale at Center of Waste Gas Crisis – Nearby, Well Power, Inc. (WPWR) Has Solution

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, Inc. has the answer to a growing problem. The majority of natural gas produced in Texas is not flared, though the amount of flaring that does occur in the Lone Star State increased 400% from 2009 to 2012, according to the Texas Railroad Commission. The explosive rate of drilling across the state has long outpaced the equipment, supplies, manpower and services necessary to construct gas gathering pipelines. It’s literally cash going up in flames.

While flaring is a method of incinerating impurities in raw natural gas and carbon dioxide, without the proper equipment in place, much of the wasted fossil fuel is expelled directly into the atmosphere. In addition to billions of wasted dollars, the expulsion of this gas wreaks havoc on surrounding environments, often resulting in severe health issues for humans and wildlife.

Citing newspaper and industry analysis, the Eagle Ford Shale in rural South Texas has earned the disgraced badge as the state’s top-flaring region since 2009. The shale is accountable for nearly two-thirds of gas lost in 2012 – representing 21 billion cubic feet.

Nearly 50 miles wide and 400 miles long, the Eagle Ford Shale on a map resembles a sloppy Nike “swoosh” starting in southwest Texas, where the drilling activity occurs, and stretching northeast into the heart of the state. The shale bypasses but remains in close proximity to the sprawling Houston metropolis, where a company called Well Power offers an industry solution.

The company holds the licensing rights to a mobile, high-yield technology capable of processing waste natural gas into “clean power” and engineered fuels. These Micro Refinery Units (MRU) offer the ability to create value from natural gas waste while enabling wider access to energy, improved environmental conditions and economic development for local populations.

The company’s plan is to provide its technology in conjunction with full-service engineering, design, construction, modular fabrication, maintenance and construction management services. Targeting a client base in the upstream areas of exploration and production, Well Power will also offer consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.

Gas flaring isn’t unique to Texas; it’s a national concern. In addition to licensing rights in Texas, Well Power has secured the first right of refusal on other U.S. states. The company’s growing reputation in the clean energy industry, backed by the proprietary MRUs, positions Well Power as a competitive force with a powerful solution to the nation’s gas waste challenges.

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