U.S. Well Services (USWS), a provider of hydraulic fracturing services, has signed an electric frac fleet contract with Apache.
Under the terms of the contract, USWS will begin operations for Apache in the second quarter of 2019 in the Permian basin utilizing USWS’ next generation, rapid deploy new build electric frac fleet. The signing of this agreement marks the third customer to commit to utilize USWS’ patented, next generation, electric frac technology.
As previously announced, USWS is building three new electric fleets, all of which are now under contracts that begin in the first half of 2019. USWS continues to advance commercial contract discussions with numerous additional customers for further new electric fleets and plans to build these fleets as contracts are signed.
USWS has secured the long-lead lead items required to successfully deploy additional new build electric frac fleets in 2019, beyond the three currently under construction.
Apache Permian operations vice president Max Easley said: “We look forward to working with USWS in 2019 and through a combination of their operations and safety excellence, and the utilization of their 2nd generation electric fleet, we can further expand our established track record of continual capital efficiency improvements and cycle time reduction.”
USWS president and CEO Joel Broussard said: “We are proud to announce the electric frac fleet contract signing with Apache, a highly respected oil and gas producer with efficient operations and a deep commitment to responsible environmental stewardship.
“This contract is yet another validation of USWS’ proprietary electric frac fleet technology, which continues to gain momentum in the market given its significant benefits for customers.
“We look forward to working closely with the Apache team to provide safe operations with lower emissions, reduced noise, and improved operational efficiencies, along with substantial customer fuel savings through the use of natural gas sourced directly from the field.”
Source: Company Press Release