Seneca Resources Company and U.S. Well Services Announce All-Electric Well Completion Field Trial
29 Julho 2021 - 5:15PM
Today, Seneca Resources Company, LLC (“Seneca”), the Exploration
and Production segment of National Fuel Gas Company (NYSE: NFG),
and U.S. Well Services (NASDAQ: USWS) (“USWS”) announced their
collaboration on an upcoming field trial using USWS’ Clean Fleet®
technology to complete a six-well pad in Lycoming County, Pa.,
within Seneca’s Eastern Development Area. This field trial, which
started in mid-July, represents Seneca’s first well completions
using all-electric fracturing technology and is the latest example
of Seneca’s focus on greenhouse gas emissions reductions. Results
from the field trial are expected to be incorporated into Seneca’s
ongoing, first-of-its-kind study of available low-carbon
well-completion equipment, analyzing the emissions data from
real-time well stimulation operations.
”As a long-standing sustainability-focused operator in the
lowest emissions intensity shale basin in the U.S., Seneca
continues to look for ways to further reduce its carbon footprint,
including the use of best in class emissions reduction practices,”
said Justin Loweth, President of Seneca. “Our field trial with USWS
is another step in this direction, allowing Seneca to evaluate the
potential environmental benefits of this well completions solution
in our ongoing operations.”
“Seneca is a leading exploration and production operator in the
Appalachian Basin that has routinely demonstrated a commitment to
reducing the environmental impact of its operations,” said Joel
Broussard, the USWS’ President and CEO. “We are excited to
demonstrate the capabilities of our Clean Fleet® technology,
especially as Seneca undertakes its detailed study of the emissions
performance of various hydraulic fracturing solutions. Our
technology has consistently delivered measurable reductions in
greenhouse gas emissions, as well as significant fuel cost savings,
and we look forward to showcasing these benefits for Seneca.”
About National Fuel Gas Company:
National Fuel Gas Company is a diversified energy company
headquartered in Western New York that operates an integrated
collection of natural gas and oil assets across four business
segments: Exploration and Production, Pipeline and Storage,
Gathering, and Utility. Seneca Resources Company, LLC is the
exploration and production segment of National Fuel Gas
Company.
About U.S. Well Services, Inc.:
U.S. Well Services, Inc. is a leading provider of hydraulic
fracturing services and a market leader in electric fracture
stimulation. The USWS’ patented electric frac technology provides
one of the first fully electric, mobile well stimulation systems
powered by locally supplied natural gas, including field gas
sourced directly from the wellhead. USWS’ electric frac technology
decreases emissions and sound pollution while generating
operational efficiencies, including customer fuel cost savings
versus conventional diesel fleets. For more information visit
www.uswellservices.com. Information on the USWS website is not part
of this release.
NFG Contacts:
Kenneth Webster
Analyst Contact
716-857-7067
Rob Boulware
Media Contact
412-548-2572
USWS Contacts:
U.S. Well Services
Josh Shapiro
Vice President, Finance and Investor Relations
IR@uswellservices.com
Dennard Lascar Investor Relations
Lisa Elliott
713-529.6600
USWS@dennardlascar.com
US Well Services (NASDAQ:USWS)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
US Well Services (NASDAQ:USWS)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024