HOUSTON, June 10, 2021 /PRNewswire/ -- NexTier Oilfield
Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today
announced its latest achievement in providing low-cost, low-carbon
solutions to the oil and gas industry. NexTier recently field
tested the NOV Ideal eFrac pump with power sourced from multiple
natural gas reciprocating engines. The Ideal eFrac Pump and natural
gas reciprocating engines were deployed on a simul-frac operation
in West Texas for a major operator
and were fueled with customer-supplied field gas. The natural gas
reciprocating engine will be the primary power source for the first
NOV Ideal eFrac Fleet, which is expected to be deployed by NexTier
and NOV in the first half of 2022.
The reciprocating engines supplied by Caterpillar Inc. can
output 2.5 MW of power at 13.8 kV. Mounted on a standard trailer,
this scalable power solution provides leading emissions reduction
for a wellsite-based power source. Embedded in each unit is a
control system that enables automatic load sharing across multiple
engines. The reciprocating engines require minimal maintenance
and are not hampered by emissions derating due to temperature
and elevation. Field tests are ongoing and will be performed in
multiple shale basins in the coming weeks.
"The NexTier team continues to set the bar for the future of
low-cost, low-carbon solutions for the oil and gas industry,"
commented Robert Drummond, President
and Chief Executive Officer of NexTier. "This latest achievement
brings our team one step closer to the deployment of our first
eFrac fleet. This power source provides a scalable, fit-for-purpose
solution that can meet the mobility demands required in today's
fast-paced well completions environment."
"Caterpillar is pleased to work with NexTier in providing mobile
low-emission power sources for oil and gas well completions," said
Rod Shurman, Vice President,
Caterpillar Oil & Gas and Marine Division. "Our long history of
providing low-carbon solutions to the mining, oil and gas, marine,
and construction industries has enabled Caterpillar to help NexTier
quickly deploy this best-in-class technology to power its eFrac
pumps. We look forward to our continued collaboration with NexTier,
including the ongoing development of power sources of the
future."
About NexTier Oilfield Solutions
Headquartered in Houston,
Texas, NexTier is an industry-leading U.S. land oilfield
service company, with a diverse set of well completion and
production services across the most active and demanding basins.
Our integrated solutions approach delivers efficiency today, and
our ongoing commitment to innovation helps our customers better
address what is coming next. NexTier is differentiated through four
points of distinction, including safety performance, efficiency,
partnership and innovation. At NexTier, we believe in living our
core values from the basin to the boardroom, and helping customers
win by safely unlocking affordable, reliable and plentiful sources
of energy.
Investor Contact:
Kenneth Pucheu
Executive Vice President - Chief Financial Officer
Marc Silverberg
Partner (ICR)
marc.silverberg@icrinc.com
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SOURCE NexTier Oilfield Solutions