Evolution Well Services on Jan. 20 said it has been awarded 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,” Carrie Murtland, Evolution’s vice president of technology and marketing, said.
Evolution’s multipatented 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,” Nick Ruppelt, Evolution’s director of sales, said.
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.
Brad Casper’s resignation takes effect Aug. 31. Casper had served as president of U.S. Silica since his promotion to the position in January 2020.
Riviera Resources engaged EnergyNet to market its remaining upstream assets, CEO David Rottino says, with plans for the transactions to close by fourth-quarter 2020.
The plant was designed to capture 33% of the carbon emissions from one of four units at the W.A. Parish coal plant, and pipe it 81 miles to the West Ranch oil field in Jackson County, Texas, where it would push more oil to the surface.