Jul 12 2012
Green Field Energy Services, Inc. (CUSIP: 39304KAA4), announces the deployment of a second turbine-driven hydraulic fracturing spread for Shell in the Eagle Ford Shale, marking the 3rd fracturing spread in operation, with a total of 118,000 hydraulic horsepower (HHP) of Turbine-Driven Frac Pumps.
Green Field President Rick Fontova stated, "Green Field is proud to deliver our second spread of turbine-driven fracturing pumps to Shell. Working closely together, we have achieved outstanding results thus far and the operational performance has exceeded our expectations."
Green Field's turbine-driven pumps substantially reduce emissions by 87% when operating on #2 diesel fuel, and are engineered to operate on multiple fuel sources, including natural gas. The ability to perform pressure pumping services while running on natural gas, without sacrificing rates or efficiencies, is a primary focus of Green Field's business model and competitive advantage.
Green Field's second spread for Shell will consist of 16 Turbine-Driven Frac Pumps, totaling 38,400 HHP, and will operate in the Eagle Ford Shale near Carrizo Springs, Texas. To assist with operations in South Texas, Green Field has opened a satellite district, with plans to create a permanent operations base in 2012.
About Green Field Energy Services
Green Field Energy Services, Inc. is an independent oilfield services company that provides a wide range of services to oil and natural gas drilling and production companies to help develop and enhance the production of hydrocarbons. The Company's services include hydraulic fracturing, cementing, coiled tubing, pressure pumping, acidizing and other pumping services.
In December 2010, Green Field became the first company to provide hydraulic fracturing services utilizing turbine-powered pumping equipment. The Company believes that its technology provides several advantages over the diesel-powered pumping equipment generally utilized in the industry, including significantly lower emissions, a smaller operating footprint, lower manufacturing costs, lower operating costs and greater fuel flexibility, including the ability to operate on natural gas.
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SOURCE Green Field Energy Services, Inc.