Eco-Stim Energy Solutions Inc. has acquired 54 000 hydraulic hp. of the latest generation Tier 4 compliant turbine powered pressure pumping equipment at a purchase price of US$ 6.5 million. The acquisition includes 12 trailers outfitted with twin triplex pumps capable of generating 4500 hydraulic hp. from each trailer, thus substantially reducing the surface footprint.
This pressure pumping equipment, which was manufactured in 2012, is expected to provide EcoStim with the pumping horsepower needed to pursue several identified growth opportunities.
EcoStim expects to complement this equipment package with industry standard control systems, data vans and blenders to be acquired at a later date. Overall, EcoStim believes it should be able to assemble a full pressure pumping spread at less than half the cost of a conventional pressure pumping fleet.
J. Chris Boswell, EcoStim's Chief Executive Officer said: "This equipment is completely aligned with EcoStim's vision for environmentally friendly, more efficient and lower cost solutions to developing shale resources. This is one of the few sets of Tier 4 compliant pressure pumping equipment in the industry. In addition, it runs on multiple fuel sources, including 100% field gas, which has been demonstrated to save customers substantial dollars in annual fuel cost. Furthermore, it is configured in a way that reduces the surface footprint compared to conventional diesel powered pressure pumping fleets by 50%.”
Flexibility to run on LNG
Bobby Chapman, EcoStim's Chief Operations Officer, added: "This equipment has not been heavily operated since it was introduced to the market in 2012. We believe the assets to be well-maintained, in very good condition and in line with our high standards. The equipment is unique in that it is capable of running 100% on field-produced natural gas (with no diesel mixture) while at the same time having the flexibility to run on CNG, LNG, diesel and several other fuel sources. Uniquely, this pumping equipment is also Tier 4 compliant when run on diesel fuel.”
The company's management is in early discussions with several customers and is still evaluating the optimal market for the deployment of this equipment.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/16102014/eco-stim-acquires-pressure-pumping-equipment-1607/