Woodlands-based BJ Energy Solutions announced on April 6 that it has entered into a three-year pressure pumping services agreement with a multinational oil company for its natural gas-powered TITAN fleet, which will be deployed in the Duvernay resource play near Fox Creek, Alberta.
The TITAN is the direct drive 5,000 horsepower natural gas-powered turbine driven pump, capable of delivering one of the most efficient 'power to pump' combinations available, according to BJ Energy Solutions.
Fueled by natural gas, the TITAN supports the reduction of greenhouse gas emissions, reduced costs, improved mobility and reliable operations while meeting the most stringent noise reduction requirements across North America.
"We continue to make great strides with TITAN," Warren Zemlak, CEO of BJ Energy Solutions, noted in a press release. "The first 40,000 horsepower fleet has now been in operation for over a year in the high-pressure Haynesville Basin, completing over 1,600 stages and 5,000 pumping hours, including recording 500 pumping hours in March 2022."
Zemlak continued, "BJ has been a long-time supporter of the Canadian oil and gas industry and we are excited to add a second TITAN contract in Canada in partnership with a leading energy company,"
BJ Energy expects to have 4 TITAN Fleets in operation by mid-year 2022, with further expansion planned to support its growing customer base in 2022 and 2023.
Recommended Reading
California Resources Names Crespy as Executive VP, CFO
2024-11-26 - Clio C. Crespy has worked on some of California Resources’ “most significant” projects, including the Carbon TerraVault joint venture and the direct air capture hub at Elk Hills, said CEO Francisco Leon.
E&P Consolidation Ripples Through Energy Finance Providers
2024-11-29 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
EnCap Closes $6.4B for E&P Fund, Including Co-investments
2024-10-21 - EnCap’s Fund XII raised $5.25 billion for work in U.S. oil and gas basins. Coupled with its energy transition and midstream funds, the private equity firm has collectively raised $9 billion this year.
Are Shale Producers Getting Credit for Reining in Spending Frenzy?
2024-12-10 - An unusual reduction in producer hedging found in a Haynes and Boone survey suggests banks are newly open to negotiating credit terms, a signal of market rewards for E&P thrift.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.