HOUSTON, May 18, 2021 /PRNewswire/ -- U.S. Well
Services (NASDAQ: USWS) ("USWS" or the "Company") today announced
it is preparing to commence operations on a 5 well pad located in
Monongalia County, W.Va. for
Northeast Natural Energy LLC ("NNE"). This project will be
NNE's first well completion using an all-electric hydraulic
fracturing fleet.
"Northeast Natural Energy is focused on minimizing the
environmental footprint of our operations," said Mike John, CEO of Northeast Natural Energy.
"Utilizing an all-electric hydraulic fracturing fleet is a
logical next step for us, and we have been exploring different
options for some time. When we learned we had an opening to
work with U.S. Well Services, we jumped at the opportunity.
We are proud to be the first private equity backed exploration
company in the Marcellus to use a new-generation all-electric fleet
in our completions," John added.
"U.S. Well Services is excited to work with Northeast Natural
Energy and introduce its proprietary Clean Fleet® electric frac
technology to another leading E&P company in the Appalachian
Basin," commented Joel Broussard,
USWS' President and CEO. "We believe our Clean Fleet®
provides unrivaled benefits to our customers in the form of reduced
completion costs due to fuel cost savings, lower greenhouse gas
emissions, reduced noise pollution and enhanced safety. We
are pleased that Northeast Natural Energy has chosen to explore the
possibilities that electric fracturing offers, and we are
enthusiastic about delivering on NNE's behalf and expanding our
relationship for the future."
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
Company's 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. The Company's electric frac technology
dramatically decreases emissions and sound pollution while
generating exceptional operational efficiencies, including
significant customer fuel cost savings versus conventional diesel
fleets. For more information visit: www.uswellservices.com.
Information on our website is not part of this release.
About Northeast Natural Energy,
LLC
Northeast Natural Energy is a privately owned
company founded in 2009 which is headquartered in Charleston,
WV with operations focused exclusively on dry natural gas
production in north central West Virginia. NNE's
homegrown team of talented professionals are forward thinking and
believe hard work and honest and open communications are the key to success in West Virginia.
Visit us at northeastnaturalenergy.com
Contacts:
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U.S. Well
Services
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Josh Shapiro, VP,
Finance and Investor Relations
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(832)
562-3730
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IR@uswellservices.com
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Dennard Lascar
Investor Relations
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Ken Dennard / Lisa
Elliott
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(713)
529-6600
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USWS@dennardlascar.com
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SOURCE U.S. Well Services, Inc.