U.S. Well Services Inc. has executed a contract on Jan. 29 to provide electric hydraulic fracturing services for Range Resources Corp. using its next-generation Clean Fleet technology, which runs on electric power generated by natural gas turbine generators on the wellsite.
Under the terms of the agreement, U.S. Well Services will support Range Resources in the development of its Appalachian asset base on a dedicated basis into 2021. Range has nearly a million net acres across the Appalachian Basin in Pennsylvania, most of which has stacked pay potential for the Marcellus, Utica and Upper Devonian shale formations, according to the company website.
“We are excited to partner with Range Resources. The company is a best-in-class E&P operator with a proven track record of success, and U.S. Well Services looks forward to deploying our revolutionary electric fracturing technology to assist them in their development plans. This contract demonstrates both organizations’ dedication to operational excellence and environmental stewardship,” Joel Broussard, U.S. Well Services’ president and CEO, said.
“Our Clean Fleet technology is changing the hydraulic fracturing industry, enabling significant fuel cost savings, improved operating efficiencies and reduced carbon emissions for our customers. We are enthusiastic about the prospect of sharing these benefits with Range Resources,” Broussard added.
“Range has a record of deploying innovative technologies and solutions across our operations,” Jeff Ventura, Range Resources CEO and president, said. “U.S. Well Services’ state-of-the-art fleet will help support our peer-leading emission reductions goals, realize significant fuel savings and reduce associated sound levels, all while utilizing clean-burning natural gas to power our operations.”
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