BJ Services has entered into a multiyear contract with Aethon Energy on March 11 for the deployment of the company’s first TITAN next-generation fracturing fleet in the Haynesville shale.
Powered by a direct drive natural gas-fueled turbine, the first TITAN prototype pump has completed more than 500 hours of field testing on Aethon Haynesville well locations this year. The first TITAN fleet will deploy in fourth-quarter 2020, which will launch the beginning of the company’s next-generation fleet strategy.
“The launch of the TITAN will allow us to make significant progress on our commitment to reducing carbon emissions, increasing operational efficiencies, and improving the economics for our clients,” Caleb Barclay, COO of BJ Services, said. “We are proud to partner with a company that shares our vision surrounding continuous improvement and know that this next generation equipment will prove to be a step-change to the impact it will have on the environment, efficiency, and economics for Aethon’s operation. Aethon’s excellent leadership and operational track record speak to the quality of the work we expect to do together over the next four years.”
The TITAN, fueled 100% by natural gas, provides up to 5,000 horsepower while supporting the reduction of greenhouse gas emissions, reduced operating costs, improved mobility, and reliable operations. The next-generation pump also meets the most stringent noise reduction requirements across North America.
Aethon, a Dallas-based private investment firm and owner-operator of onshore oil & gas assets, is a leader in the industry for improving operating efficiencies and investing in ESG initiatives.
“The natural gas-powered TITAN fleet developed by BJ Services will deliver performance aligned with Aethon’s cost and ESG goals,” Paul Sander, COO and partner at Aethon, said. “Ultimately, larger pumps with fewer pumping units will reduce our footprint and result in structural cost savings for pumping services. We are excited to partner with BJ Services and are pleased with their willingness to provide innovative solutions in this next-generation technology.”
Basic Energy Services said the acquisition of the NexTier production operations positions the company as the leading well servicing provider in the U.S.
TGS and Fairfield Geotechnologies have agreed on March 9 to acquire a new multiclient survey within the area of mutual interest (AMI) established between the two companies in June 2018.
Superior Pipeline Co. LLC has entered into a long-term, fee-based natural gas gathering and processing agreement with an active producer in the Stack play on March 18.