Hydraulic fracturing services firm U.S. Well Services has entered into a long-term contract with Appalachian oil and natural gas exploration and production firm Olympus Energy to provide electric pressure pumping services.
USWS will operate a natural-gas powered Clean Fleet for Olympus Energy under the contract through 2022 and for two more years if optional extensions are exercised.
USWS CEO Joel Broussard said that the Clean Fleet technology will help the oil and gas firm achieve its environmental goals and secure fuel savings, while providing important health, safety and environmental benefits. The Clean Fleet technology is a fully electric, mobile well stimulation system.
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The USWS says on its website that the technology can reduce emissions by 99% and help achieve operational fuel cost savings of more than 90%.
"At Olympus, we actively seek out opportunities for improvement. The commitment to USWS's Clean Fleet technology is a prime example of the team's continuous efforts to reduce our environmental footprint, increase operational efficiency, and lessen any potential short-term impacts for the communities where we operate," said Mike Wahl, Olympus Senior Vice President and COO. "We're proud to announce this partnership with USWS and to leverage their leading technology into our 2022 development program."
