Fraximum Exposure

“Electric fracking” sees its first major contract, in Texas

Baker Hughes debuted the term “electric fracking” to scattered mockery almost a year ago. The industrial conglomerate was referring to a new project in Texas’ Permian Basin, one of the world’s most sought-after oil sites. A lot of commentary focused on the undesirable title for the new technology, perhaps overlooking the tech itself, which had chief aims of reducing both carbon footprint and cost. Now, electric fracking is set to enjoy a two-year, multibillion dollar contract in the Houston area.

Evolution Well Services announced Monday the execution of a 24-month agreement to provide dedicated electric hydraulic fracturing services for a leading onshore oil and gas producer to begin in the first quarter of 2020.

“Our clients are facing increasing pressure to perform more economical and sustainable completion operations on their assets. This agreement illustrates acknowledgment by yet another leading E&P company that our technology achieves both of these goals. Evolution continues to lead innovation in electric frac and has proven that our fleets are not only a viable solution but are the ideal solution.” said Evolution’s vice president of technology and marketing, Carrie Murtland, in a January 20 press release.

Evolution’s multi-patented electric fracturing fleets are powered by a proprietary, built-for-purpose natural-gas-burning turbine generator package, which is designed and packaged by its affiliate, Dynamis Power Solutions. The technology developed by Evolution and Dynamis enables the Evolution electric fracturing fleets to be 50% smaller than traditional fleets and substantially quieter.

“By drastically reducing the footprint, emissions, and noise versus a traditional fleet, we are able to provide industry-leading, efficient services while minimizing the impact on neighboring communities and the environment. We feel the importance of the local communities and environment cannot be overstated. We are continually partnering with our clients to find new ways to improve” said Evolution’s director of sales, Nick Ruppelt.

By utilizing locally-produced natural gas as a fuel source instead of conventional diesel fuel, a total of 5.5 million gallons of diesel is being conserved by each fleet, each year. Not only does this yield a cost savings of up to $1.5 million per month with each fleet, it also benefits the local community and environment due to the cleaner burning nature of natural gas.

ABOUT EVOLUTION WELL SERVICES

Evolution Well Services is the largest provider of electric hydraulic fracturing services and the only pure-player electric fracturing service company today. Together with the affiliated Dynamis Power Solutions, their patented green technology currently conserves an estimated 38,500,000 gallons of diesel fuel annually. For more information, visit www.evolutionws.com.

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