Reclaiming Stranded Resources from Gas Wells
Jaker Engineering, PC has developed a business model to reclaim stranded resources from under-producing Gas Wells. With Jaker Engineering’s project design and business concept, these wells can provide useful energy for the region and a return on investment for the drilling company. This concept also has merit for productive well sites during seasonal transition of energy values.
(PRWEB) May 2, 2005 -- Approximately 50% of gas wells drilled yield
production rates that are uneconomical for connection to the regional pipeline.
Many wells are simply abandoned when their yield is insufficient. Jaker
Engineering, PC has developed a design process and business model 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.
Jaker believes to
have identified the best combination of participants and has developed a model
that can quickly assess the potential for economic return on each project. "Each
participant required in the development of under-producing wells brings a
strength to the project that is paramount for success" states founder of the
Jaker companies, Jack (John P.) Perkins, PE.
Projects, in the 1 to 3
Megawatt size range, have a payback of 3-4 years. Finally, with Jaker’s
approach, approximately 70% of the capital investment can be recovered in the
all too possible event that gas flow abruptly stops. This substantially reduces
the capital at risk. In most cases, the platform pays for this investment in
less than 12 months of continuous operation.
About Jaker Engineering,
PC
Jaker Engineering, PC, a New York State Professional Corporation, works
exclusively in the energy field for development of privatized energy projects,
with emphasis in electrical and mechanical systems. Jaker Engineering, PC, in
conjunction with Jaker Industries, Inc., provides all of the services required
for identification, qualification and development of energy
projects.
Jaker Industries, Inc. has recently had signed contracts with
some of the largest energy and technology companies in the world to identify and
develop privatized energy projects. Jaker's method of business provides its
clients the opportunity to utilize the resources of the nearly fifty-percent of
well sites which are not economical to complete development.
In addition
to professional services, Jaker is able to arrange opportunities for financing
and grant monies. Jaker Engineering, PC was founded by Jack (John P.) Perkins,
PE. Jack has more than twenty five years in electrical and mechanical systems.
His experience includes that of a plumber, power plant engineer, industrial
designer, project developer and executive officer of Jaker, Inc.
Contact
Information:
Mr. Daniel W. Dieterle
Jaker Engineering, PC
Telephone:
877-915-2537 (877-91-JAKER)
Web Site: http://www.jakerengineering.com/
# # #
Source : http://www.prweb.com/releases/2005/5/prweb234249.htm