XLS Energy, Inc. Email Format
Oil and GasNevada, United States2-10 Employees
XLS Energy is a U.S. Renewable Energy Company specializing in the conversion of natural and methane gas into electricity by utilizing abundantly available natural gas, landfill gas and biogas. XLS Energy then sells the electricity generated back to the local and state utility companies through 10-20 year Power Purchase Agreements to bolster the power requirements of the electricity grid. - XLS Energy units are installed where natural gas is being flared and treated as a wasted resource - XLS Energy owns and operates each unit for the 10-20 year term of the Power Purchase Agreement - The U.S. is currently facing the largest electricity shortage in our history of our nation - 74 Gigawatts of coal fired electricity plants are currently scheduled to close over the next few years - The U.S. is now the #1 producer of natural gas in the world In many cases, the gas producers are being fined excessively for the environmental impact their natural gas flaring is causing due to the substantial CO2 emissions. As a result, gas producers are eager for the installation of the XLS Energy technology due to the following. - There is no cost to the gas producer for the installation of the XLS Energy technology. XLS Energy owns and operates each unit for the entire term of the Power Purchase Agreement. - All flaring fines stop as soon as the XLS Energy units are installed. - The gas producers receive a royalty for 10-20 years for what was previously considered a wasted resource and financial liability due to the fines. - Due to the recent decline in oil and gas prices, operators are finding it critical to reduce operating costs (fines) and find new sources of revenue (XLS Energy Royalty). - XLS Energy utilizes a Land Services Agreement to retain regional Landman who are familiar with the flaring sites in their regions. This agreement pays the Landman when the Power Purchase Agreement is executed.
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