Become a Prepaid Vendor
Vendor Page: Energy Chain Prepaid Account System
Welcome to the Energy Chain Vendor Program
Energy Chain offers a revolutionary approach to integrating cryptocurrency with traditional commerce. Our prepaid account system ensures liquidity and financial stability while fostering the use of our digital currency, ENRC, as a reliable and versatile method of payment.
Prepaid Account Tiers
Energy Chain provides vendors with flexibility through a tiered prepaid account system. Choose the level that best suits your business needs:
Each account is funded with an Allocated Token Pool populated with ENRC tokens at a 1:1 valuation with Canadian Dollars ($1 CDN = 1 ENRC). This ensures seamless integration between the digital and physical economies.
How It Works
Liquidity Creation
The allocated token pool provides liquidity for ENRC, enabling its use as a reliable method of payment.
Vendors benefit from a steady flow of ENRC transactions while maintaining the ability to convert tokens to Canadian Dollars as needed.
Accumulated Value
As ENRC is staked and utilized, the overall accumulated value of the currency grows, benefiting all participants in the ecosystem.
Prepaid Account Operations
Proceeds from Token Sales: Tokens in the allocated pool are sold, and the proceeds are deposited into the prepaid account as Canadian Dollars ($CDN).
Debiting for Transactions: The prepaid account is debited as goods and services are sold to Energy Chain or third parties paying with ENRC.
Crediting for Payments: The prepaid account is credited with ENRC when accepted as a payment method by the vendor.
Conversion Flexibility
Vendors can easily convert prepaid account balances between ENRC and $CDN as tokens are sold or used in transactions.
- Setup Fees and Earned Reflection Fees
There is a 1% fee paid in advance to EnergyChain.ca and a 40% reflection of each token sold. These fees pay firstly for programming costs, blockchain gas fees, marketing and promotion of the token sale, cost of sales and other related or unrelated costs as EnergyChain sees fit to pay.
An Additional 40% more tokens are added to Prepaid Vendor Pool Accounts to cover the costs. These are Allocated Token Pools automated by smart contracts.
Agreement Terms
Duration: The prepaid account agreement lasts for 5 years. At the end of this period, the total amount of ENRC tokens initially allocated to the account is returned to Energy Chain or EnergyChain has been credited with goods and services during the term of the agreement.
Early Cancellation: Vendors may cancel the agreement at any time by returning the total amount of ENRC tokens allocated to their account less goods and services purchased by Energy Chain.
Token Refill Requirement: If tokens are needed to refill the account for completion or closure, they must be purchased at market rates.
Benefits for Vendors
Enhanced Liquidity: Ensure seamless transaction flows with prepaid accounts backed by ENRC.
Simplified Payment Systems: Accept ENRC as a payment method with confidence, supported by stable and predictable liquidity.
Flexibility and Control: Manage your prepaid account with the ability to convert balances and terminate agreements as needed.
Stake in the Future: Participate in the growth of the ENRC ecosystem, enhancing the value and utility of the currency.
Join the Energy Chain Vendor Program today and take advantage of this innovative financial model to grow your business and expand your horizons.
Vendors Wanted
1. Land Acquisition and Initial Exploration
- Land Agents: Secure land leases and negotiate agreements with property owners and government authorities.
- Environmental Specialists: Conduct baseline environmental assessments and ensure regulatory compliance.
- Regulatory Compliance Officers: Obtain permits and ensure adherence to local, state, and federal laws.
- Surveyors: Map and mark land boundaries and potential well sites.
- Legal Consultants: Draft and review contracts, lease agreements, and regulatory documents.
Suppliers
- Mapping Equipment Providers: GIS software and survey-grade GPS.
- Environmental Testing Companies: Sampling kits, drones for surveys, and analysis labs.
- Regulatory Document Services: Document management software and consultants.
2. Geological and Geophysical Analysis
- Geologists: Study rock formations and analyze subsurface conditions.
- Geophysicists: Use seismic data to identify oil and gas reservoirs.
- Seismic Data Acquisition Teams: Perform seismic surveys using advanced equipment.
- Data Analysts: Interpret seismic and geological data to assess resource potential.
Suppliers
- Seismic Equipment Manufacturers: Vibroseis trucks, geophones, and data acquisition systems.
- Data Processing Companies: Specialized software for 3D/4D seismic data interpretation.
3. Planning and Engineering
- Reservoir Engineers: Model reservoir behavior and estimate production potential.
- Petroleum Engineers: Design extraction methods and optimize recovery.
- Drilling Engineers: Plan and design drilling operations.
- Pipeline Engineers: Design pipelines for transporting oil and gas.
- Infrastructure Planners: Develop roadways, storage facilities, and other support structures.
- Project Managers: Oversee overall project timelines, budgets, and resources.
Suppliers
- Engineering Software Providers: Reservoir simulation, pipeline design, and project management tools.
- Infrastructure Contractors: Heavy machinery and construction materials.
4. Drilling Operations
- Drilling Contractors: Manage drilling rigs and crews.
- Rig Operators: Operate drilling equipment on-site.
- Directional Drillers: Execute horizontal and directional drilling operations.
- Mud Loggers: Monitor drilling fluids and analyze rock cuttings.
- Casing and Cementing Teams: Install casing and secure wells with cement.
- Safety Officers: Ensure adherence to health and safety protocols.
Downhole Tools and Services
- Downhole Tool Specialists: Provide tools for drilling, completion, and intervention, including packers, fishing tools, and reamers.
- Wireline Service Providers: Perform well logging, perforation, and pipe recovery using electric wireline and slickline.
- Power Tong Operators: Ensure efficient and safe handling of casing and tubing during drilling and completion.
Suppliers
- Drilling Equipment Manufacturers: Rotary rigs, drill bits, and mud pumps.
- Fluid Services Companies: Provide drilling muds, completion fluids, and additives.
- Downhole Tool Suppliers: Packers, reamers, whipstocks, and other well-specific tools.
- Wireline Equipment Providers: Trucks, cables, and logging tools.
- Power Tong Suppliers: Hydraulic power tongs and torque monitoring systems.
5. Completion and Production
- Completion Engineers: Design well completions for optimal production.
- Hydraulic Fracturing Crews: Perform fracking to enhance reservoir productivity.
- Well Logging Specialists: Analyze well data for production planning.
- Production Technicians: Set up and maintain production equipment.
- Artificial Lift Specialists: Install and manage lift systems like pumps.
- Instrumentation and Controls Technicians: Manage automation and monitoring systems.
Suppliers
- Fracturing Equipment Providers: High-pressure pumps, frac sand, and chemicals.
- Artificial Lift Suppliers: ESPs, beam pumps, and gas lift systems.
- Automation Equipment Vendors: SCADA systems, sensors, and telemetry units.
6. Midstream Operations
- Pipeline Contractors: Construct and maintain pipelines.
- Facility Construction Teams: Build compressor stations, pump stations, and gas processing facilities.
- Storage Facility Engineers: Design and manage oil and gas storage solutions.
- Transportation Specialists: Coordinate logistics for transporting oil and gas.
- Compressor Station Operators: Maintain equipment for natural gas compression.
Suppliers
- Pipeline Material Suppliers: Pipes, valves, and fittings.
- Facility Equipment Providers: Compressors, separators, and gas scrubbers.
- Construction Contractors: Specialized teams for facility and pipeline construction.
- Inspection Services: Ensure pipeline integrity using tools like smart pigs and ultrasonic testing.
7. Downstream Operations
- Refinery Engineers: Manage the processing of crude oil into usable products.
- Chemical Engineers: Optimize refining processes.
- Distribution Managers: Oversee the distribution of finished products.
- Marketing and Sales Professionals: Market oil and gas products to end-users.
Suppliers
- Refinery Equipment Providers: Distillation units, heat exchangers, and pumps.
- Chemical Suppliers: Catalysts and refining additives.
- Packaging Vendors: Containers and storage for refined products.
8. Environmental Management and Site Reclamation
- Environmental Engineers: Manage pollution control and waste management.
- Site Remediation Specialists: Restore drilling sites post-production.
- Wildlife Biologists: Ensure minimal impact on local ecosystems.
- Reclamation Contractors: Regrade and revegetate reclaimed land.
- Compliance Auditors: Verify adherence to environmental and regulatory standards.
Suppliers
- Remediation Equipment Providers: Bioremediation agents and soil testing kits.
- Reclamation Material Suppliers: Native seeds, fertilizers, and erosion control products.
9. Support Services
- Finance and Accounting Teams: Handle project funding, budgeting, and financial reporting.
- IT Specialists: Support digital tools and monitoring systems.
- Human Resources Teams: Recruit and manage the workforce.
- Security Teams: Safeguard assets and operations.
- Logistics and Procurement Teams: Coordinate the supply chain for materials and equipment.
Suppliers
- Software Vendors: ERP systems, payroll software, and asset tracking.
- Security Equipment Providers: Surveillance cameras, fencing, and access control systems.
- Procurement Services: Bulk suppliers for consumables like fuel and lubricants.
10. Alberta's Oil and Gas Reserves and Formations
Alberta is rich in diverse oil and gas reserves, categorized by type and formation. Businesses engaging in Alberta's energy sector can capitalize on these reserves by opening prepaid vendor accounts to support operations and transactions across these resources.
Types of Reserves:
Conventional Oil Reserves
- Locations: Central and southern Alberta
- Description: Found in sandstone and carbonate rock formations, extracted through traditional and enhanced recovery methods.
Natural Gas Reserves
- Locations: Western Alberta (Deep Basin)
- Description: Abundant gas reserves, including conventional gas and tight gas extracted via hydraulic fracturing.
Heavy Oil Reserves
- Locations: Lloydminster area
- Description: Viscous oil requiring specialized extraction techniques such as cold heavy oil production with sand (CHOPS).
Oil Sands (Bitumen)
- Locations: Athabasca, Peace River, and Cold Lake regions
- Description: Immense deposits of bitumen, requiring surface mining or in-situ methods like Steam-Assisted Gravity Drainage (SAGD).
Shale Oil and Gas
- Locations: Duvernay and Montney Formations
- Description: Unconventional reserves requiring horizontal drilling and hydraulic fracturing.
Coalbed Methane (CBM)
- Locations: Southern and central Alberta
- Description: Natural gas extracted from coal seams, often found in shallow formations.
Key Formations in Alberta:
Montney Formation
- Type: Gas & Condensate
- Details: A prolific play spanning Alberta and British Columbia, known for its liquids-rich gas.
Duvernay Formation
- Type: Oil & Gas
- Details: A premier shale play with significant oil and gas reserves requiring advanced technologies.
Cardium Formation
- Type: Oil
- Details: One of Alberta’s oldest and most productive oil-bearing formations.
Viking Formation
- Type: Light Oil
- Details: Shallow, light oil reserves accessible with low-cost operations.
Belly River Formation
- Type: Gas & Light Oil
- Details: Contains a mix of oil and gas reserves in shallower formations.
Spirit River Formation
- Type: Gas
- Details: Known for high-yield natural gas production.
McMurray Formation
- Type: Oil Sands
- Details: Part of Alberta’s massive oil sands deposits.
Wabamun Group
- Type: Gas
- Details: Conventional gas reservoir, often deeper and high-pressure.
How Prepaid Vendor Accounts Support Businesses:
By establishing prepaid vendor accounts with Energy Chain, businesses can:
- Facilitate seamless transactions across Alberta’s diverse reserves and formations.
- Leverage ENRC tokens as a payment method to reduce costs and increase liquidity.
- Support operational growth across drilling, production, and midstream activities.
- Benefit from a 5-year prepaid structure ensuring financial flexibility and stability.
