Requisitioned feasibility study shows positive return on investment for converting natural gas fields directly to electric power for sale into a variety of available electricity markets.
Horseheads, NY (PRWEB) March 25, 2010 -- Jaker Engineering, PC has completed an economic feasibility study to use several Marcellus Shale gas fields for power production. A Dallas-based O&G developer requisitioned the study, which includes full systems design, development costs, regulations, energy market values- including tariffs, and return on investment for converting gas fields directly to power for sale into regional electric markets.
The site design uses portable and modular systems. The gas fields selected for the study can capitalize on nearby electrical infrastructure. A notable feature of the analysis is how the depletion rate of natural gas fields created exit strategies to return to pipeline production in response to improved commodity price.
The basic business model, which is the platform for the Marcellus Shale gas field study, was previously awarded a grant by the New York State Energy Research & Development Authority (NYSERDA) as a means to recover stranded gas resources from remote, or underproducing, gas wells. A modified form of the business model has recently been launched as a demonstration program.
Jaker Engineering, PC has further expanded our business model to evaluate the economic returns in almost any global region. Having demonstrated the viability of this business concept as a hedge to commodity gas price, it can also be beneficial if your company is attempting to recover upstream investments from stranded, under-producing or emissions-restricted natural gas resources.
To view our demonstration program, visit our web site at www.jakereng.com . Click on Client/ Vendor Log-In, use Login: market1, Password: jakerguest1 and press Submit. Click on Stranded Gas Analyzer Demo to view and use our interactive demonstration of this updated Jaker Joules TM ® software product.
Contact Jaker Engineering, PC, a New York Professional Corporation, for a technical and economic evaluation of your natural gas resource, including flare gas, using power generation.
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