Northeast Natural Energy is introducing a new technique for exploration and production in its oilfields in West Virginia; the all-electric hydraulic fracturing fleet. This technology will be provided to the company by U.S. Well Services under an exclusive partnership.
Firstly, U.S. Well Services is a leading provider of hydraulic fracturing services and a market leader in electric fracture stimulation. The company has a patented technology and its also one of the firsts to offer fully electric, mobile well stimulation systems; powered by locally-supplied natural gas; including field gas sourced directly from the wellhead.
Secondly, this technology decreases substantially the amount of emissions and sound pollution; while generating exceptional operational efficiencies, including significant customer fuel cost savings versus conventional diesel fleets.
Thirdly, the partnership between U.S. Well Services and Northeast Natural Energy includes the procurement of such technology to 5 wells, located in Monongalia County, West Virginia. It will be the first project on the state to use such technology.
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North East Energy to lower its environmental footprint
Moreover, Northeast Natural Energy began operations back in 2009. It has headquarters in Charleston, West Virginia; it has an operational focus on dry natural gas. Consequently, the partnership with U.S. Well Services will upgrade its operations around the Appalachian Basin.
Indeed, Mike John, CEO of Northeast Natural Energy, said. “Northeast Natural Energy is focused on minimizing the environmental footprint of our operations. Utilizing an all-electric hydraulic fracturing fleet is also a logical next step for us, and we have been exploring different options for some time.”
He also commented. “When we learned we had an opening to work with U.S. Well Services, we jumped at the opportunity. We are also proud to be the first private equity backed exploration company in the Marcellus to use a new-generation all-electric fleet in our completions.”
Finally, Joel Broussard, USWS’ President and CEO, remarked. “We believe our Clean Fleet provides unrivaled benefits to our customers in the form of reduced completion costs; due to fuel cost savings; also, lower greenhouse gas emissions; reduced noise pollution and also enhanced safety.”