Nerd Gas Building A Better Wyoming ABOUT US GTL AFFILIATED COMPANIES MCMURRY FOUNDATION CONTACT Stakeholder Energy, LLC Stakeholder Energy LLC was formed in 2011 to pursue large-scale uranium exploration opportunities in the southern Powder River Basin of Natrona County, Wyoming. Today, Stakeholder has approximately 70,000 acres of federal mineral claims and fee leases. Working from existing uranium drill holes and oil and gas well information, Stakeholder designed an exploration program to evaluate uranium deposits in the central portion of the state. Stakeholder mines the uranium via a process that is significantly more environmentally friendly as compared to years past. The ore is mined “in-situ”, whereby the uranium is recovered by injection of benign carbon dioxide water into each ore deposit and processed onsite into yellow cake. This yellow cake is non-health threatening and is exported in 55-gallon barrels to facilities in the eastern U.S. where it is enriched into fuel for nuclear reactors. “The area being developed is in a uranium-rich spot where thick sandstones and high ore grade have already been found by operators of the Smith Ranch and Highland mines that are close by,” says Nerd Gas Company owner, Mick McMurry. “We are in the right place at the right time to develop a world-class resource in Wyoming. This resource development is an opportunity to add Wyoming jobs and contribute to the economy in a meaningful way,” he notes. “Everybody wins.” Nerd Gas Company, LLC is proud to be affiliated with Stakeholder Energy, a Wyoming project undertaken by Wyoming folks with Wyoming money to help fuel our country with cleaner, safer and lower cost energy. Overview Nerd Gas Company is working to build a natural gas-to-liquids (GTL) conversion facility in Wyoming through a special purpose limited liability company, US GTL, LLC. The GTL facility will utilize a state-of-the-art modular design combining an existing processing technology with the well-known Fischer-Tropsch reaction. The proposed project will convert 10 mcf (thousand standard cubic feet) into 1 bpd (barrel per day) of clean diesel and naphtha. Recent advances in horizontal drilling and hydraulic fracturing have engulfed the U.S. natural gas market, reducing natural gas prices and decoupling the traditional BTU trading basis of 6 mcf of natural gas to 1 barrel of oil. Natural gas to oil pricing ratios ($/mfc to $/bbl) have ranged from 25:1 to 50:1 since January 1, 2012. As exploration and production companies continue to drill for high valued oil and natural gas liquids, dry natural gas is becoming a low value byproduct and in some cases, an environmental nuisance. The US GTL proposed project leverages the price disparity between dry natural gas and liquid hydrocarbons. Status For the last three years, Nerd Gas has worked on procuring a site, selecting feasible technology, identifying capable partners, initiating the permitting phase and building local support for a Wyoming-based GTL facility. After evaluating four Wyoming sites, Nerd is in the process of securing a site with ample land for the current facility and expansion, water rights, rail access, gas pipeline access, off-take pipeline capacity and electrical power. Nerd has also contracted with an industry leader in modular engineering and design to complete a detailed design and cost estimate for a modular GTL facility. Initiation of feedstock and off-take agreements and permitting the facility is expected to begin in the fourth quarter of 2012. Technology and Modular Design The design will incorporate traditional GTL technology into a modular design. Natural gas is first converted to synthesis gas via an autothermal reformer. The synthesis gas then flows to a Fischer-Tropsch reactor where a waxy hydrocarbon product is formed. The Fischer-Tropsch product stream is then upgraded using mature hydrofracking technology to form a blend of 80% diesel and 20% naphtha. The premium diesel product is sulfur-free with a cetane number greater than 70. Modular design offers several advantages over conventional GTL projects: 1. Order of magnitude reduction in total project capital costs 2. Increased control of capital costs and reduced construction risks 3. Reduced socio-economic impacts throughout construction 4. Reduction of necessary gas reserves 5. Modules allow for rapid scale up and nationwide deployment with minimum engineering. Nerd Gas Company is dedicated to the efficient and responsible exploration and production of hydrocarbons while utilizing innovative technology. Nerd desires to provide our communities, state and nation with the energy and associated tax base necessary to remain financially strong and independent. With direct and indirect investments in energy, aviation, equipment rental, vessel fabrication and commercial banking, Nerd has built companies whose employees have long-standing commitments to Wyoming and desire to be a part of Wyoming’s future success. Overview Nerd Gas Company is working to build a natural gas-to-liquids (GTL) conversion facility in Wyoming through a special purpose limited liability company, US GTL, LLC. The GTL facility will utilize a state-of-the-art … Continue Reading… {Unknown Slideshow group} AFFILIATED COMPANIES Nerd Gas Company is connected to various entities through its owner, Mick McMurry. With interests in equipment rental, charter aviation, commercial banking and vessel fabrication, the McMurry Family of Companies boasts a versatile and expansive portfolio of capabilities. 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