(Source: Shutterstock.com)
Pioneer Energy Inc., announced that they have completed a successful field trial of their new Emission Control Treater (ECT) technology. Pioneer partnered with Colorado-based oil producer Bayswater Exploration & Production to deploy and operate the ECT on one of their production locations in Weld County, Colorado. The pilot demonstrated a near-complete elimination of well pad emissions and an 11.3% increase in crude yield.
“ECT can help Bayswater improve our bottom line while helping to achieve our emissions reduction targets,” Bayswater CEO Steve Struna said in a press release.
The ECT pilot validated key aspects of the technology and “exceeded our expectations,” said Pioneer Energy CEO Eyal Aronoff. Aside from increasing the volume of crude produced, the pilot also demonstrated reliable autonomous system operation and produced high-quality, marketable, stabilized crude oil and natural gas.
Pioneer Energy expects to commence commercial production of ECT systems in 2024.
Recommended Reading
Pembina Keeps Option Open to Repurchase Shares to Boost Market Price
2025-05-14 - Pembina Pipeline has renewed its normal course issuer bid to have the option to repurchase up to 5% of its common shares.
Excelerate Starts $700MM Notes Offering to Fund New Fortress LNG Deal
2025-04-21 - Excelerate Energy plans to use the funds to pay for its recent $1.055 billion acquisition of New Fortress’ LNG import business in Jamaica.
Canada’s Pieridae Changes Name to Cavvy on Upstream, Midstream Focus
2025-05-13 - Cavvy Energy said its common shares will begin trading on the Toronto Stock Exchange under the ticker “CVVY” when markets open May 13.
US Judge to Decide on Starting Bid in Citgo Parent Auction Following Hearing
2025-04-17 - A U.S. court is to decide on a $3.7 billion offer for shares in the parent of Venezuela-owned refiner Citgo Petroleum.
CPP Wants to Invest Another $12.5B into Oil, Gas
2025-03-26 - The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.