We describe a new effort for the computation of elevation derivatives using the Shuttle Radar Topography Mission (SRTM) results. Jet Propulsion Laboratory's (JPL) SRTM has produced a near global database of highly accurate elevation data. The scope of this database enables computing precise stream drainage maps and other derivatives on Continental scales. We describe a computing architecture for this computationally very complex task based on NASA's Information Power Grid (IPG), a distributed high performance computing network based on the GLOBUS infrastructure. The SRTM data characteristics and unique problems they present are discussed. A new algorithm for organizing the conventional extraction algorithms [1] into a cooperating parallel grid is presented as an essential component to adapt to the IPG computing structure. Preliminary results are presented for a Southern California test area, established for comparing SRTM and its results against those produced using the USGS National Elevation Data (NED) model.