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NuTech Energy Resources, Inc. ( symbol : NERG )
www.nutechenr.com/
Welcome to Nutech Energy Resources, Inc.
Nutech (OTC Markets Symbol; NERG) is a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the need to pump water. Nutech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells.
Coalbed methane wells typically produce large volumes of water when they are operated according to traditional practice. The water is pumped out of the well, liberating methane gas from the coal seam. The removal of water from wells not only has a cost related to pumping and handling, but disposal of the water creates a separate set of problems as well as costs. These costs cause most CBM wells to become economically unfeasible in a relatively short time period. The result has been the shutting-in or abandonment of thousands of wells throughout the region. Nutech Energy Resources, Inc. is uniquely poised not only to remedy this problem for the industry, but to acquire and profitably operate wells that were previously cost prohibitive.
Nutech (OTC Markets Symbol; NERG) is a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the need to pump water. Nutech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells.
NuTech Energy Resources, Inc. is a Delaware Corporation that is a vertically integrated natural gas production company. It is currently focus is on acquiring abandoned coalbed methane gas wells in the Powder River Basin of Wyoming, and to convert those wells into profitable producing assets. The Company has acquired a patent to use a proprietary technology to produce natural gas without pumping water out of the ground from inside a well. This device reduces overhead from conventional methods of natural gas production by as much as sixty percent (60%).
Coalbed methane wells typically produce large volumes of water when they are operated according to traditional practice. The water is pumped out of the well, liberating methane gas from the coal seam. The removal of water from wells not only has a cost related to pumping and handling, but disposal of the water creates a separate set of problems as well as costs. These costs cause most CBM wells to become economically unfeasible in a relatively short time period. The result has been the shutting-in or abandonment of thousands of wells throughout the region. Nutech Energy Resources, Inc. is uniquely poised not only to remedy this problem for the industry, but to acquire and profitably operate wells that were previously cost prohibitive.
Coal bed methane is a natural gas by-product of coal formation. During coal formation, organic matter is chemically broken down into simple organic compounds. Methane is a by-product of this breakdown.
Coal is very porous but lacks matrix permeability. In other words, water can seep into coal but can’t flow through it. Naturally occurring fractures in coal allow ground water to permeate the coal and provide the means through which the methane is stored in the coal bed. Due to coal’s porous nature, methane gas produced during coal formation is absorbed into the coal bed and held in place by the weight of the surrounding groundwater.
In order to commercially produce coal bed methane, it is necessary to decrease the water pressure within the coal bed. When the pressure is decreased, the methane gas naturally desorbs from the coal and migrates through the coal bed.
This natural phenomenon is the basis for coal bed methane production. In extracting methane from coal beds, a well is drilled down to the coal bed and the sides of the well are then encased in concrete. A water pump is dropped down into the coal bed and the top of the well is sealed with a venting pipe to collect the methane. Large amounts of groundwater are pumped out of the coal bed, causing a corresponding decrease in water pressure. The decreased water pressure allows the methane to escape from the coal and migrate along the coal fractures and up into the well. The methane is then pumped from the well through the venting pipe where it is compressed and sold.
Over the past 2 decades in the Powder River Basin in Northeastern Wyoming and elsewhere in the Rocky Mountain Basins from Central Canada to Mexico there has been a surge of drilling for coal bed methane (CBM) gas. There are literally thousands of wells drilled and in production as well as thousands that will be drilled in the future decades.
One major component of a CBM well is the presence of an aquifer that submerges coal seams. While the presence of water is a major factor in the creation of the methane molecules, typically there are large amounts of water present, and the shear weight of the water creates too much hydro-static pressure, thus preventing methane gas bubbles from traveling up the well bore.
The solution to the pressure problem creates a second problem for producers. Current production methods require wells to be pumped free of water to allow the liberation of the methane gas from the coal seams. Pumping, transfer, and disposal of the water bears a high cost.
CBM aquifers have a high salt absorption rate (SAR) which renders water from the wells harmful to the environment making disposal difficult.
Producers have handled this problem by pumping the water to storage pits for evaporation. This practice is not economically feasible as regulations presently in effect significantly limit this method of water disposal. Proposed legislation would prohibit it completely.
The practice of pumping the water out of CBM the wells creates another problem, it appears to create rapid gas flow at first but it actually KILLS the microbe culture that CREATES the gas – which, of course, begins the industry accepted rapid decline curve in gas production in CBM wells.
Methane is produced by micro-organisms that consume organic matter in the coal that is penetrated by the well bore.
When water is pumped out, the remaining methane is extracted, but, in the absence of water, the bacteria cannot survive so there is no future production. Thus, the rapid production decline begins until the well eventually produces very little to no gas at all.
With Nutech’s patented technology, the methane is captured with no damage to the micro-organisms which will continue to produce the gas indefinitely.
A stable, environmentally friendly method of “harvesting” methane will result in methane becoming a renewable resource.
The principle operation of this invention is a method for separating gas and water within a well bore to produce substantially water free gas.
The remedy to the many industry problems that the tool offers is that no water ever reaches the surface!
Abandoned wells can be placed back into economically viable production with the use of this device
The device has over 14,000 hours of documented, commercial field testing of producing gas without a single drop of water leaving the well bore.
THE DEVICE IS CURRENTLY DEPLOYED AND PRODUCING GAS COMMERCIALLY IN THE POWDER RIVER BASIN OF WYOMING
YOUTUBE VIDEO OF NUTECH IGOR TOOL INSTALLATION : https://youtu.be/bjXZEWlJEr8
INVESTOR RELATIONS
Everest Corporate Advisors, Inc.
702-902-2361
702-982-1339
Office Hours : 7am - 1pm PST
