An Innovative "No Cost" Solution to Help the Beleaguered Gas Industry Meet New Regulations

EDMONTON, AB --(Marketwired - February 16, 2016) - Air Works Compressors is offering an innovative solution to gas producers that are struggling to remain afloat amidst record low gas prices along with environmental policies being put into place that will be almost impossible to implement without expensive changes in current production equipment. In a good year, this would not be an issue, but with the current black cloud of impending doom that gas production companies are facing financially due to world gas prices and environmentally due to proposed emission standards, it is impossible as cash reserves are quickly dwindling for most companies.

New bills are being introduced at congressional level that will establish new standards to reduce the waste of natural gas required during venting, flaring or industrial use. The bills are also introducing a requirement for royalties to be paid on all gas removed from the earth including this "wasted" gas, that is currently non-metered. The Bureau of Land Management (BLM) is actively working on new rulings that will reduce venting and flaring of methane and VOCs as well, which has been proven to be a large factor in global warming and health concerns (currently being experienced in the Unita Basin in North East Utah). Currently permits are issued without the requirement for royalties to be paid on wasted gas -- this is changing in the very near future. Along with this, tough measures are being implemented that could ban flaring on new wells and require reductions in the amount of gas being flared, gas capture plans will be required if venting and emission standards for key equipment and operating procedures will have to be in place within two years of a bill's passage.

Airworks Compressors Corp currently has multiple instrumentation air skids (Aurora Eco-System) on site in the USA (Wyoming) and Canada (Alberta) running 20-28 natural gas wells each using compressed air to operate instrumentation, diaphragm pumps and plunger lifts versus natural gas which then must be flared or vented as there is not enough pressure to reintroduce it back into the pipeline. Initial findings are proving that BLM estimates of vented and flared gas are very low for these operations. Using compressed air instead of natural gas in these operations also limits the need for costly LDAR programs that indicate gas leaks (very common in natural gas production) while allowing existing equipment to remain in place. Compressed air leaks are not problematic and do not require leak detection. It must be noted as well that this is also the perfect product for off grid well sites as it can be solar or wind powered, thus requiring no interface with power utilities. The natural gas producers currently using this technology are impressed with the results -- increased gas production as none is wasted and zero down time due to freezing issues. The bottom line in is the natural gas stays in the pipeline and in today's market, every cubic foot of gas that is able to be sold counts!

Airworks Compressors Corp has an innovative solution to get this technology into the market place. Knowing that it reduces gas waste and emissions and believing so strongly that this is the solution that will enable gas producers to meet new emission standards and to sell every cubic foot of gas produced, Airworks is prepared to work with gas producers to get this technology implemented, at no capital expense for the producer. How? Airworks Compressors Corp will install and maintain the Aurora Eco-System at no charge, in return for a percentage of savings created by the previously wasted gas used in these operations.

Perhaps Darryl Weflen, President of Airworks Compressors Corp, says it the best "Innovation brought us to develop this product and it will take innovative solutions for companies to get through these times."