Energid Energy specializes in converting flared gas, often an operator’s liability and a waste of natural resource, into a long-term revenue stream through the production of on-site electricity generation. This electricity is then sold to the local and state utility companies through long-term (5-15 year) power purchase agreements that have been negotiated with Energid Energy in each state.
Many states such as Texas have caps on amounts of excess natural gas from oil drilling that is allowed to be flared. Limited pipeline capacity puts constraints on oil operators if they have nowhere to offload the gas. Shutting in otherwise productive wells is expensive.