Evolution Well Services has extended four separate long-term electric hydraulic fracturing contracts across multiple customers, expanding partnerships as far out as 2024, the company said on Jan. 18.
The extensions serve to validate Evolution’s successful partnerships in Texas and Appalachia, as the company will continue to fully utilize its industry-leading electric fracturing technology for its customers. Together, with new technology and data driven initiatives, Evolution and its partners will continue working towards even lower carbon and higher efficiency operations.
Last week, the company announced a long-term electric hydraulic fracturing contract with a Permian Basin operator set to begin in fourth-quarter 2022. The contract will see Evolution deploy its patented electric fracturing technology as well as an innovative Simul-frac completions technique. The fleet will be fueled by 100% natural gas via aero-derivative turbines rather than diesel engines, adding to the reduction of GHG emissions in the Permian Basin.
Additionally, Evolution will employ its innovative high pressure hose technology which minimizes the safety risks on pad and drives higher pumping efficiencies.
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“Evolution is excited to both extend and expand our partnerships,” Steven W. Anderson, Evolution president and CEO, said. “These technical and operational accomplishments show the unique value and differentiation of our partner-focused culture and our strategy of being a fully integrated engineered solutions provider. We are proud of the successful team, technology, and operational excellence that we have developed over the course of our contracts, and we look forward to continual innovation to reduce greenhouse gas emissions while increasing operational efficiencies.”
Expanding these existing relationships reinforces the long-standing commitment of Evolution’s customers to lead the industry through ESG, data driven, and efficiency focused initiatives, according to the company. These partnerships will introduce multiple industry-first technologies including an onsite battery energy storage system and a true zero-emissions turbine exhaust heat recycling system. These innovations highlight the partnership-focused engineered solutions being developed to perform the cleanest well completions in the industry and setting a new standard for environmental stewardship.