Edge Captures Stranded Gas
US Edge has produced and delivered its first LNG in the US, using stranded natural gas as the source. It sees a gap in the market as flaring needs to reduce and stranded gas reserves should be monetised, it says.
In an announcement June 18, it said Edge is "the first viable route to market for stranded gas reserves, and a revenue generating alternative to flaring or venting associated gas from oil production." According to the World Bank, last year 145bn m³ of gas were flared, with the Bakken, Permian and Eagle Ford the biggest growth areas.
Edge began on-well-site LNG production in the US on May 7 2019, accessing Marcellus gas in Pennsylvania, and making truck-delivered LNG sales to its first customers. To date, it said, Edge has delivered over 30,000 gallons of LNG (114 m³) to a delivery point at a New England gas utility over 300 miles away from the Marcellus production site.
Edge uses Galileo Global Technologies' transportable Cryobox LNG production and liquefaction equipment at the wellhead and takes it by truck directly to its customers' doorsteps. Edge Cryobox units are designed to be quickly and easily connected, and disconnected, from feedstock gas wells. Units are also self-powered using produced gas, removing the need for a grid connection.
Edge uses technology developed and proven in Argentina, and is successfully producing and delivering LNG in the US. However, it is suitable for use anywhere in the world where stranded, flared or vented gas is an issue, it said.
Edge CEO Mark Casaday said: "It is estimated that stranded wells account for up to 60% of global reserves, and up to 20% of those drilled in Marcellus, showing the scale of this untapped resource."