NexTier Oilfield Solutions Inc. and National Oilwell Varco Inc. have entered into an agreement on Nov. 18 to collaboratively field test NOV’s electric fracturing system known as the Ideal eFrac fleet.
The Ideal eFrac fleet provides efficient, environmentally conscious hydraulic fracturing capabilities that dramatically reduce emissions, equipment, and complexity at the well site.
Under the terms of the agreement, NexTier and NOV will collaborate to test the operational capability of the Ideal eFrac prototype in the field and under normal operating conditions. The agreement provides NexTier the option to transform from the test phase to the future purchase of the first Ideal eFrac fleet manufactured by NOV.
“We appreciate the opportunity to advance our Ideal e-Frac technology with the help of the team at NexTier, a leading provider of completions services to the oil and gas industry,” Clay Williams, president and CEO of NOV, said. “NexTier is helping make completions technologies cleaner, quieter, and more efficient, which are solutions that oil and gas producers increasingly prefer. Utilizing abundant natural gas to generate electricity, and applying NOV’s technology to drive clean, quiet operations, further strengthens NexTier’s position as an industry leader.”
SM Energy Co. retained EnergyNet for the sale of two separate asset packages in the Permian Basin across Howard and Martin counties, Texas, through sealed-bid offerings closing July 7.
A portfolio company of Fulcrum Energy Capital retained Eagle River Energy Advisors to divest operated and nonoperated assets in the Williston and Powder River basins of Montana, North Dakota and Wyoming.
The pipeline is the Auger 12-inch line which runs approximately 33 miles from the Garden Banks 128 Platform A to a downstream subsea tie-in into the Eugene Island Pipeline System.