QualityStocks News - Well Power (WPWR) Gearing up for Sizable Opportunity Amid Gas Flaring Concerns

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 is building to address an important need in the energy industry. There is a fast-emerging challenge within the global energy industry, and it poses not only serious implications for the environmental and human health, but also tremendous economic downsides. This challenge is gas flaring, or the burning of excess natural gas in oil fracking. With obstacles posed by industry regulations, approval processes, lacking pipeline infrastructure, and more, oilfield operators have found it better to “flare off” this excessive gas at the wellhead.

On a global scale, approximately 150 billion cubic meters of natural gas are flared each year. In terms of wasted resources and lost revenue opportunities, it represents 2.4 million barrels of oil lost each day, or $10 billion of lost revenues every year. In turn, that comes out to 23% of the United States’ natural gas use and 5% of global natural gas production. And with the 400 million metric tons of greenhouse gases it produces annually, gas flaring greatly impacts air quality — which contributes to environmental degradation, human health issues, and decreases in overall quality of human life.

In the United States, gas flaring has been increasing, as well. According to recent data from the World Bank, United States-based gas flaring grew 223% between 2007 and 2011. Furthermore, since 2000 totaled flared gas in the United States has doubled. In more recent times, fieldwork struggles posed by lacking infrastructure can be seen in resource-rich states such as North Dakota, where two-thirds of flared gas is at oil wells which lack the infrastructure for keeping up with on-site production.

Enter Well Power, a Houston-based firm with a viable clean energy solution for turning these issues into footnotes of the past. Well Power is engaged to handle distribution for the Micro-Refinery Unit (MRU), which will enable the processing of raw natural gas into clean power and engineered fuels, including no-sulphur diesel and diluents. The MRU will be deployable close to wellheads where it can convert excess natural gas into clean energy resource solutions, and it will be transferable from site-to-site with minimal capital expenditure. Needless to say, the positive economic and environmental after-effects which this powerful system is slated to produce will be tremendous. Well Power’s dedicated partner MEC Resources is the innovator behind this system, and it has granted Well Power licensing rights for the MRU in Texas as well as the first right of refusal for other states.

For investors, Well Power represents a not-often-seen opportunity to be at the forefront of solving burdensome challenges in mainstream energy, realizing viable clean energy solutions, and engaging in sustainable resource allocation. As gas flaring continues to pose these challenges on national and global scales, Well Power is working diligently to reverse this trend and offer a real alternative to the current practices used.

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