Well Power Inc. WPWR Archives

ThursdayJun 26, 2014 1:32 pm

Well Power, Inc. (WPWR) Takes on Gas Flaring

Well Power is in talks with MEC Resources to distribute the Micro-Refinery Unit (MRU) it has licensed from the company to territories beyond Texas, specifically, North Dakota, Oklahoma, Wyoming, New Mexico and Colorado. Well Power wants this arrangement because the amount of flared gas is on the rise in many of these regions, and an opportunity exists for it to use the rising concerns of gas flaring to position the MRU as an answer to the problem. Well Power and MEC continue to develop the MRU and, later this year, plan to deploy the first test unit. While this is…

FridayJun 20, 2014 2:41 pm

Well Power Inc. (WPWR) Flare Gas to Fuel/Energy Hardware Ahead of the CO2 Game, Ideal On-Site Fracking Power Supply

Well Power 's partnership with Micro-Refinery Unit (MRU) license holder MEC Resources puts the company exclusively in charge of distributing the technology in Texas. This incredibly flexible and customizable MRU system is a unique configuration of proven commercial technologies with a proprietary reactor at the core. The MRU can handle up to 250 Mcf flows of otherwise flared gas, converting it to CO and hydrogen, then condensing that Syngas to Green Fuels™ (diesel, diluents, synthetic crude) or turning it into electricity. Instead of burning up money, operators can produce viable fuel or even energy on-site with Well Power's MRUs, a…

FridayJun 13, 2014 2:41 pm

Well Power, Inc. (WPWR) Takes Aim at Growing Gas Flaring Concerns

Well Power, Inc. is in a unique position of holding the licensing rights to Texas as well as the first right of refusal on other U.S. states to a technology that converts waste natural gas into clean energy and engineered fuels. The company is aptly located along the energy corridor of Houston, Texas, the fourth-largest city in the United States and one recognized worldwide for its rich oil and natural gas industry. Via partnership with the license holder, ME Resource Corp. (MEC), Well Power continuously seeks out opportunities to apply its Micro-Refinery Unit (MRU) technology as a solution to the…

FridayJun 06, 2014 6:05 pm

Well Power, Inc. (WPWR) Seeks Entrée into Additional Territories

Well Power is interested in curbing the growing concerns caused by gas flaring, a significant problem in the US. It has been estimated that the amount of gas flared within the US has doubled over the past decade and a half. Furthermore, the problem of gas flaring in states like Texas, North Dakota and Wyoming now accounts for over half of the total gas flared in the US and results in losses to the tune of billions of dollars. This arena is an excellent area of opportunity for Well Power, a development stage company that is looking to offer up…

FridayMay 30, 2014 4:19 pm

Well Power, Inc. (WPWR) Technology a Promising Solution for Wasted Natural Gas

Houston-based Well Power is collaborating with Canadian company ME Resource Corp. to develop a novel technology that addresses the billions of dollars lost each year in flared natural gas. Since 2000, gas flaring in the United States has doubled. Aside from the tremendous cost of wasted energy resources, gas flaring has also been known to pose adverse risks to the environment and human populations’ quality of life. When excess natural gas is burned, carbon dioxide is released into the air, which can have tremendous implications for environmental integrity and human health. On a global scale, the National Oceanic Administration Association…

WednesdayMay 21, 2014 1:01 pm

Well Power, Inc. (WPWR) in Advantageous Position to Reduce Gas Flaring and Associated Environmental, Health Threats

Gas flaring is the controlled burning of excess gas in oil production. The process is easily recognizable as tall cylindrical stacks belching plumes of fire in areas of oil activity or by glowing red lights dotting the earth as seen from satellite images. Using satellite technology, the National Oceanic Administration Association (NOAA) reports that gas flares collectively pump 400 million tons of carbon dioxide into the atmosphere worldwide each year – the equivalent of emissions from 77 million cars. As one might expect, when global oil production increases, gas flaring follows suit. As of 2012, the United States was the…

ThursdayMay 15, 2014 2:46 pm

Well Power, Inc. (WPWR) Collaborates with ME Resource Corp. to Develop Clean Power Solution

Well Power, a development stage company, focuses on energy solutions and technologies that have the potential of producing clean power and engineered fuels. The company’s goal is to provide a viable yet cost-effective way of turning wasted-gas opportunities in the oil and gas sector into revenue streams and to do so with minimal capital outlay. The company’s business plan is to position itself as a technology company, which will provide oil and gas producers and operators a solution to turn otherwise wasted natural gas, including stranded, shut-in, flared and vented gas, into valued end-products including electrical power and engineered fuels…

ThursdayMay 08, 2014 9:58 am

Well Power Inc. (WPWR) Aims to Expand into Five Additional States as Flaring Issues Continue

Well Power announced it is looking at taking advantage of the growing concerns of flared gas in the United States by offering its licensed Micro-Refinery Unit ("MRU") as a solution. As the amount of flared gas continues to grow in the United States, which has doubled since 2000, an excellent value proposition for Well Power exists. As the company continues to prove out the Micro-Refinery Unit ("MRU") and deploy its first test unit later this year, the growing problem of flared gas in such states as Texas, North Dakota, and Wyoming, now account for more than half of the gas…

MondayMay 05, 2014 1:49 pm

Well Power Inc. (WPWR) Announces Success of Live Webinar with Industry Professionals

Well Power today reported that its Micro-Refinery Technology and Development Live Webinar held last week was successfully conducted by the Company's CEO and Director Cristian Neagoe. The webinar was broadcast live from the Micro-Refinery Unit's ("MRU") research and development labs at Ecole Polytechnique de Montreal. Joining Dr. Neagoe was Professor Gregory Patience, CTO and Director of ME Resource Corp., a recognized authority on catalysis, catalyst design, and fluid-bed reactors. Professor Patience and Dr. Neagoe gave participants a tour of their lab and demonstrated the novel technology. After the tour, Brad Barton, P.Eng, Operations Manager of ME Resource Corp., joined the…

FridayApr 25, 2014 6:18 pm

Well Power, Inc. (WPWR) to Host Webinar to Discuss Ongoing Development of Proprietary Micro-Refinery Technology

Well Power, a clean energy solutions and technologies company, in collaboration with ME Resource Corp. ("MEC") will host a live webinar May 1, 2014, at 4 p.m. ET to discuss the novel technology behind the continued development of the company’s licensed Micro-Refinery Unit ("MRU"). Individuals and companies engaged in the oil and gas sector are invited to register as participants and explore opportunities to partner with Well Power and learn more about this mobile technology which, once developed, will process wasted raw natural gas into Engineered FuelsTM and electric power. Professor Gregory Patience, director and chief technology officer of MEC,…

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