THE WOODLANDS, TX (FEBRUARY 2018) – Evolution Well Services announces the engagement of a four year agreement for four each 48,000 HHP 100% electric fracturing fleets for a major U.S. onshore based producer.
During the fourth quarter of 2017, Evolution and one of the largest U.S. onshore oil and gas producers began negotiating a long term agreement utilizing 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 enter into this agreement with such a large proponent of our innovation and technology. We are honored to begin this multi-fleet, multi-year term deal with such a supportive and strategic partner that has elected to capitalize on this evolutionary market technology and service to increase value for their shareholders”.
100% ELECTRIC POWERED HYDRAULIC FRACTURING TECHNOLOGY AND POWER GENERATION
Evolution Well Services provides natural gas fueled, electrically driven hydraulic fracturing services by operating a proprietary, multi-patented system that generates electric power utilizing an aero-derivative 36MW 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 an industry leader in turbine manufacturing providing the path for Evolution to develop built for purpose, enhanced power generation offerings for hydraulic fracturing operations. Additionally, Evolution is currently constructing customized mobile power generation packages of varying power output for application outside of the pressure pumping space.