THE WOODLANDS, TX – (January, 30th 2024)
Evolution Well Services (“Evolution”) is pleased to announce a three-year extension of their current electric fracturing partnership with Encino Energy (“Encino”) after achieving operational efficiencies and milestones in 2023.
In the first quarter of 2022, Encino engaged Evolution to begin providing its industry- leading electric fracturing technology to support its operations in Ohio. Evolution’s fully integrated approach to electric frac, power generation, field gas processing and compression has led to record operational efficiencies, reduced emissions, and significant well cost savings for Encino’s operations. To date, the partnership achieved many impressive milestones. In May of 2023, Evolution pumped an Appalachian record of 633 hours, and for all of 2023, the partnership achieved an impressive 6,106 pumping hours exclusively in the Ohio Utica basin. Additionally, the fleet achieved best in class mobilizations for the basin, resulting in multiple moves under forty-eight hours in the past year. Lastly, and most importantly, Encino and Evolution achieved these milestones while continuing to maintain a record of zero recordable HSE incidents for the duration of the multi-year partnership.
Evolution’s President & CEO, Steven W. Anderson, stated, “The operational milestones and the extension of our partnership is the direct result of two companies truly treating the relationship as a partnership. Encino made its goals and objectives clear and our teams developed solutions collaboratively to meaningfully exceed expectations. I’m proud of our entire team and their ability to execute creatively, efficiently, and most of all, safely. These are all hallmarks of our PRISM Culture which ultimately led to Encino’s desire to extend our partnership.”
Encino’s Chief Operating Officer, Ray Walker, commented, “Encino is committed to best-in-class emissions, environmental and safety performance along with basin-low costs and record-breaking well productivity. In partnership with Evolution, we’re achieving all those things. In extending our partnership with Evolution, we expect to keep setting new records, maximizing both profitability and sustainability.”
About Encino Energy:
Encino Energy is one of the largest private oil and natural gas producers in the U.S. and a top 25 North American natural gas producer. Headquartered in Houston, Encino’s operations in the prolific Northern Utica Shale make us the largest oil producer in Ohio and the second-largest natural gas producer in the state. The company mission is to create and maximize value for all of stakeholders — our investors, employees, and partners. Encino’s culture fosters ownership, innovation, excellence, diversity and achieving outstanding results as a team. We take a transparent, sustainable and safe approach to achieving our goals over the long term.
About Evolution Well Services:
Evolution Well Services is the pioneer and leading provider of electric hydraulic fracturing services in the oil and gas industry. The company is dedicated to innovation, efficiency, and environmental responsibility, offering patent-protected electric fracturing operations that set new industry standards. With a strong presence across major US shale basins – Permian, Marcellus, Utica, Eagle Ford – Evolution Well Services is committed to driving the industry forward and contributing to its partners’ success.