Edge Gathering Virtual Pipelines 2 LLC (“Edge LNG”) will capture and liquefy natural gas from stranded wells in the Marcellus basin, using a process developed by Galileo Global Technologies and deployed exclusively by Edge LNG in North America.
Operations at the Tioga County site are currently underway and will continue until 2022.
Full news article by Rigzone;
"Marcellus LNG Project to Monetize Stranded Gas
by Matthew V. Veazey|
Edge Gathering Virtual Pipelines 2 LLC (Edge LNG) reported Wednesday that it will capture and liquefy natural gas from a large production company’s stranded wells in Tioga County, Pa., in the Marcellus basin. Edge LNG did not disclose the name of the large producer.
“The Marcellus is an important region for us, there is lots of potential here with a large number of stranded wells,” Mark Casaday, CEO of Edge LNG, commented in a written statement emailed to Rigzone. “So much gas goes unharnessed purely because lack of access to a pipeline has meant there is no economic way to take it to market.”
Under the deal, Edge LNG will deploy its mobile, truck-delivered liquefied natural gas (LNG) equipment clusters to the wellsite, the company stated. It explained that each cluster includes two “Cryobox” liquefaction units that employ a process developed by Galileo Global Technologies and deployed exclusively by Edge LNG in North America. Each unit reportedly can convert 1 million British thermal units of gas per day – from stranded and orphaned wells – into up to approximately 10,000 gallons of LNG per day and replaces the need for flaring or venting.
According to Edge LNG, the mobile liquefaction setup enables production to start within hours of being delivered onsite, requires minimal investment from the site owner and needs no pipeline infrastructure. The company added that it will purchase LNG from the producer and deliver the fuel to regional customers via its truck-based “virtual pipeline.” Moreover, the firm stated Wednesday that it has signed an agreement to supply LNG to the City of Norwich, Connecticut, which will provide natural gas to homes and businesses.
Edge LNG also noted that earlier this year it successfully monetized a source of previously stranded Marcellus gas and delivered it as LNG to a New England utility.
“We provide operators with an opportunity to profit from wells that would otherwise not be used and we make it into valuable fuel,” remarked Casaday. “It’s a win-win solution.”
Edge LNG, whose stakeholders include Galileo Global Technologies and private equity firm Blue Water Energy, stated that initial operations at the Tioga County site are underway and should continue until at least 2022.
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