U.S. Well Services Inc. has executed two contracts on Jan. 13 to expand its electric fracturing services for EQT Corp. Under the terms of the agreements, U.S. Well Services extended its existing contract for one electric frac fleet and will also deploy a second electric frac fleet on a contracted basis. Both contracts represent multiyear fleet dedications if all optional extensions are exercised.
“We are pleased to broaden our relationship with EQT and provide an additional electric fracturing fleet to support its completion program,” Joel Broussard, U.S. Well Services’ president and CEO, said. “EQT is a best-in-class E&P operator, and their decision to expand their use of the Clean Fleet technology is further evidence of their commitment to efficiency and environmental stewardship.”
The Scoop and Stack plays are still in the money but only with improved well spacing and effective management of frac-driven interactions.
The government said the increase in production limits comes as warmer weather reduces the amount of diluent needed to help oil sands bitumen flow through pipelines, increasing capacity.
Timing to restart production is unknown, the company said in a release. Imperial is majority owned by U.S. major Exxon Mobil Corp.