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.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.net
To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage
To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
