Jaker Engineering, PC has developed a business model to reclaim stranded resources from under-producing Gas Wells. With Jaker Engineerings 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 Jakers 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/
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