Wednesday, November 16, 2005

Reclaiming Stranded Gas Resources

Between 50% and 75% of gas wells drilled yield production rates that are uneconomical for connection to a regional pipeline. Many wells are simply plugged and abandoned when their yield is insufficient. Jaker Engineering, PC realized that a design process and business model was needed that will allow these "stranded" wells to produce revenue.

A platform designed by Jaker Engineering can be set up at these unproductive sites to generate power for connection to the grid. While the design uses proven equipment and technologies, it is the business concept that makes it successful. Approximately 300 MCF per megawatt, per day is required, in contrast to the several thousand MCF per day output required for pipeline connection.

November 7, 2005 - NYS Funding Approval

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