Well Power Inc. WPWR Archives - Page 2 of 3

TuesdayApr 22, 2014 3:21 pm

Well Power, Inc. (WPWR) Issues Update on Pilot Project Collaboration

Well Power, a development-stage company positioning itself as a technology company servicing oil and gas producers and operators, is collaborating with ME Resource Corp. (“MEC”), the licensor of Well Power's Micro-Refinery Unit ("MRU"), to implement an MRU Pilot Project in the licensed territory as part of the companies’ Licensing Agreement. MRUs are implemented in close proximity to a wellhead to process raw natural gas into liquid fuels and clean power. The Pilot Project collaboration provides Well Power with direct access to a variety of MEC resources, particularly those related to the design, development, engineering, deployment, and integration of the MRU.…

MondayApr 21, 2014 4:50 pm

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

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…

FridayApr 11, 2014 1:59 pm

Well Power, Inc. (WPWR) Deploying Solution to a $10 Billion Issue

Emerging energy technologies company Well Power is seeking to address what is perhaps one of the most demanding global environmental issues today—gas flaring. Gas flaring refers to the process in which excess oil is removed from an oil well and burned. On a global scale, it is estimated that 150 billion cubic meters of natural gas are flared annually—a contribution of approximately 400 million metric tons of CO2-equivalent global greenhouse gas emissions. From an energy standpoint, the massive yearly amounts of produced waste natural gas represent around 5 percent of wasted global gas production, or in dollar value, $10 billion…

MondayApr 07, 2014 12:53 pm

Well Power, Inc. (WPWR) Technology Aims to Curb Adverse Effects of Gas Flaring

Gas flares are the flames that angrily belch out the top of oil wells to burn off excess natural gas in the oil wells. Gas flaring, as the actual process is called, is a heavy contributor to carbon dioxide emissions, fatally affects birds and insects that migrate toward the flames, and has also been the blame of prairie fires. Approximately 2.4 million barrels of oil equivalent is wasted each day by gas flaring alone, resulting in $10 billion of lost revenue and 400 million metric tons of CO2 equivalent global greenhouse gas emissions each year. Houston, Texas-based Well Power aims…

WednesdayMar 26, 2014 8:55 am

Well Power, Inc. (WPWR) Seeks to Turn Wasted Natural Gas into Clean Power and Green Fuels

Well Power is tackling one of the most taxing global environmental problems—gas flaring—which results in a huge waste of natural resources and emits massive amounts of carbon dioxide-equivalent greenhouse gases, creating dreadful environmental conditions that could have a negative impact on the livelihood and health of local residents. The company holds the licensing rights in Texas to a technological solution that would turn raw and wasted natural gas—flared, vented, or stranded gas—into clean power and green/engineered fuels, such as diluents, drop-in diesel, and synthetic crude, while also decreasing carbon dioxide emissions and generating revenue with minimal capital expenditure. By creating…

TuesdayMar 18, 2014 9:47 am

Well Power, Inc. (WPWR) Offering Solution for Domestic Energy and Environmental Challenges

An emerging energy technologies company, Well Power uses a proprietary technology that is capable of being deployed with minimal capital expense for the processing of waste natural gas, such as vented, flared, or stranded gas into “clean power” and engineered fuels. The company seeks to position itself as a provider of a waste-reversing solution for clientele in the upstream areas of exploration and production; specifically oil and gas operators and producers. For its technology, Well Power has secured the licensing rights to Texas as well as the first right of refusal to other states. Specifically, the company’s technology is a…

MondayMar 10, 2014 6:00 pm

Well Power Inc. (WPWR) Secures Funding to Advance MRU Development Plans

Energy technology company, Well Power announced recently it has completed a round of equity funding, through a private placement, for combined group proceeds of $250,000 at a price of $0.58 per unit. Each unit consists of one share of the company's common stock, par value $0.001, and a warrant to purchase one share of Common Stock. The warrants can be exercised for a period of two years at a purchase price of $0.90 per whole share. The proceeds of this private placement will be used by the Well Power to meet its licensing requirements and to move forward with the…

MondayMar 03, 2014 4:16 pm

Well Power Inc. (WPWR) Offers Valuable New Technology to U.S. Oil Industry

Well Power, a Houston based energy technologies company, has secured the licensing rights to Texas, along with the first right of refusal for the other U.S. states, to a new technology for the processing of waste natural gas, a byproduct of oil production that usually ends up being wastefully vented, flared, or stranded. Waste natural gas is a huge problem, caused largely by the inability of producers to cost effectively transport or otherwise deal with gas produced as part of the oil production process. Global gas flaring, the burning off of this excess gas, amounts to roughly 150 billion cubic…

MondayFeb 24, 2014 5:03 pm

Well Power, Inc. (WPWR) Issues Market Update to Investors

Today at the opening bell, Well Power provided information on the applications and market size of its licensed Micro-Refinery Unit ("MRU") technology. The company’s stock closed the trading session up 24.4% on strong volume of nearly 7.7 million shares. An MRU can process wasted and shut-in gas, including natural gas which is otherwise flared. The operation is made economical by integrating commercially proven technology with a novel single-vessel which combines the creation of synthesis gas (syngas) with the Fisher Tropsch process. There has been a significant increase in the number of flaring permits issued by Texas’ regulatory body for the…

FridayFeb 21, 2014 12:33 pm

Well Power, Inc. (WPWR) Technology Designed to Solve Worldwide Natural Gas Problem

Well Power uses proprietary, mobile technology that can be deployed with minimal capital expense to process waste natural gas, such as vented, flared or stranded gas into “clean power” and engineered fuels. The license will allow Well Power to provide its technology with full-service engineering, design, construction, modular fabrication, maintenance and construction management services to clients in the demanding areas of exploration and production. Other noteworthy offerings include consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring, and multi-client subscription services. In partnership developing economical, mobile, and scalable Micro-Refinery Units (MRU’s) to process raw, natural gas…

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