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Evolution Well Services® Announces Three Year Agreement For 100% Electric Frac Fleet

THE WOODLANDS, TX (SEPTEMBER 2017) – Evolution Well Services announces the finalization and launch of a three year agreement for a 100% electric fracturing fleet for a major U.S. onshore based producer.

During the third quarter, one of the largest U.S. onshore oil and gas producers began a long term contract utilizing one of Evolution’s 100% electric, natural gas fueled, turbine powered fracturing fleets for multi-basin development. Evolution’s Vice President of Sales and Marketing, Chris Combs, states “We are pleased to have entered into this agreement with such a large proponent of our innovation and technology and are looking forward to this term deal with such a supportive and strategic partner”.

100% ELECTRIC POWERED HYDRAULIC FRACTURING TECHNOLOGY

Evolution Well Services provides natural gas fueled, electrically driven hydraulic fracturing services by operating a proprietary, multi-patented system that generates electric power utilizing a General Electric LM2500+ gas turbine generator fueled by locally supplied field gas or alternate natural gas sources. Continuing with further technological advancements within the electrically powered pressure pumping equipment market, Evolution Well Services has entered into an exclusive OEM agreement with General Electric providing the path for Evolution to develop built for purpose, enhanced power generation offerings for hydraulic fracturing operations.