Prairie Operating Co. Partners with ProFrac Holding Corp to Launch Electric Frac Fleet in Colorado
Prairie Operating Co. (PROP) has partnered with ProFrac Holding Corp. to deploy an electric frac fleet in Colorado. The initiative features 25 advanced 3000 HHP Single E-Pumps for fully electrified hydraulic fracturing and pump down operations. Operations will begin on Prairie's 8-well Shelduck pad in Weld County. The fleet includes electric Blender units, hydration systems, and chemical additive units powered by natural gas. Two Solar – SMT130 Mobile Gas Turbines, each generating 16.5 MWe ISO, will power the fleet, aiming to meet Colorado's emissions standards and reduce environmental impact.
Prairie Operating Co. (PROP) ha collaborato con ProFrac Holding Corp. per implementare una flotta di fratturazione elettrica in Colorado. L'iniziativa prevede 25 avanzate pompe elettriche da 3000 HHP per operazioni di fratturazione idraulica completamente elettrificate e pompaggio. Le operazioni inizieranno sulla piattaforma di 8 pozzi Shelduck di Prairie nella contea di Weld. La flotta include unità di miscelazione elettriche, sistemi di idratazione e unità per additivi chimici alimentati a gas naturale. Due turbine a gas mobili Solar – SMT130, ciascuna in grado di generare 16,5 MWe ISO, alimenteranno la flotta, con l'obiettivo di rispettare gli standard di emissione del Colorado e ridurre l'impatto ambientale.
Prairie Operating Co. (PROP) se ha asociado con ProFrac Holding Corp. para implementar una flota eléctrica de fracturación en Colorado. La iniciativa cuenta con 25 avanzadas bombas eléctricas de 3000 HHP para operaciones de fracturación hidráulica totalmente electrificadas y de bombeo. Las operaciones comenzarán en la plataforma de 8 pozos Shelduck de Prairie en el condado de Weld. La flota incluye unidades de mezclado eléctricas, sistemas de hidratación y unidades de aditivos químicos alimentadas por gas natural. Dos turbinas a gas móviles Solar – SMT130, cada una generando 16,5 MWe ISO, impulsarán la flota, con el objetivo de cumplir con los estándares de emisión de Colorado y reducir el impacto ambiental.
프레리 오퍼레이팅 컴퍼니 (PROP)는 프로프랙 홀딩 코퍼레이션과 함께 콜로라도에 전기 프랙 플릿을 배치하기 위해 협력했습니다. 이 이니셔티브는 전력화된 수압 파쇄 및 펌프 다운 작업을 위해 25개의 고급 3000 HHP 단일 E-펌프를 특징으로 합니다. 작업은 웰드 카운티에 있는 프레리의 8개 우물 셀덕 패드에서 시작됩니다. 이 함대에는 전기 블렌더 유닛, 수분 공급 시스템 및 천연 가스로 작동되는 화학 첨가제 유닛이 포함되어 있습니다. 각각 16.5 MWe ISO를 생성하는 두 개의 모바일 가스터빈 Solar – SMT130이 함대를 동력하며, 이는 콜로라도의 배출 기준을 충족하고 환경 영향을 줄이는 것이 목표입니다.
Prairie Operating Co. (PROP) s'est associé à ProFrac Holding Corp. pour déployer une flotte de fracturation électrique dans le Colorado. L'initiative comprend 25 pompes électriques avancées de 3000 HHP pour des opérations de fracturation hydraulique entièrement électrifiées et de pompage. Les opérations commenceront sur la plateforme She's 8 puits Shelduck de Prairie dans le comté de Weld. La flotte comprend des unités de mélange électriques, des systèmes d'hydratation et des unités d'additifs chimiques alimentées au gaz naturel. Deux turbines à gaz mobiles Solar – SMT130, chacune générant 16,5 MWe ISO, alimenteront la flotte, visant à respecter les normes d'émission du Colorado et à réduire l'impact environnemental.
Prairie Operating Co. (PROP) hat sich mit ProFrac Holding Corp. zusammengetan, um eine elektrische Frac-Flotte in Colorado einzuführen. Die Initiative umfasst 25 fortschrittliche 3000 HHP Einzel-E-Pumpen für vollständig elektrifizierte hydraulische Frakturierungs- und Pumpvorgänge. Die Einsätze beginnen auf Prairie's 8-Brunnen Shelduck-Plattform im Weld County. Die Flotte umfasst elektrische Mischgeräte, Hydrierungssysteme und chemische Zusatzstoffe, die mit Erdgas betrieben werden. Zwei Solar – SMT130 mobile Gasturbinen, die jeweils 16,5 MWe ISO erzeugen, werden die Flotte antreiben, mit dem Ziel, die Emissionsstandards Colorados zu erfüllen und die Umweltbelastung zu reduzieren.
- Implementation of fully electrified operations reducing operational costs
- Strategic partnership with ProFrac enhancing operational capabilities
- Compliance with Colorado's emissions standards through advanced technology
- Transition from diesel to natural gas power reducing environmental impact
- None.
Insights
This strategic partnership marks a significant technological advancement in hydraulic fracturing operations. The deployment of 25 advanced 3000 HHP Single E-Pumps represents a substantial investment in electric fracturing technology. The fully electrified system, powered by two Solar – SMT130 Mobile Gas Turbines generating 16.5 MWe each, will significantly reduce operational emissions and operating costs.
The integration of electric blenders, hydration systems and chemical additive units powered by natural gas demonstrates a comprehensive approach to electrification. This transition from diesel to electric operations, combined with the High West Energy power line agreement, positions Prairie as a pioneer in sustainable fracking operations. The technology implementation could result in substantial operational cost savings through reduced fuel consumption and maintenance requirements.
The initiative demonstrates strong alignment with Colorado's stringent environmental regulations. The transition to electric fracturing operations addresses multiple regulatory compliance aspects, particularly regarding emissions standards set by the Air Quality Control Commission. The natural gas-powered turbine generators are specifically designed to meet NOx emission targets, which is important for maintaining operational permits in Colorado's strict regulatory environment.
This proactive approach to emissions reduction through electrification could provide a competitive advantage as environmental regulations continue to tighten. The comprehensive electrification strategy from drilling through production phases positions Prairie favorably for future regulatory changes and potential carbon pricing mechanisms.
Innovative Collaboration Aims to Set New Standards in Emissions Reduction and Efficiency
HOUSTON, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) is proud to announce its partnership with ProFrac Holding Corp. (Nasdaq: ACDC) (“ProFrac”) to implement an electric frac fleet for operations in Colorado. This groundbreaking initiative will feature a fleet of 25 advanced 3000 HHP Single E-Pumps, allowing both hydraulic fracturing and pump down operations to be fully electrified.
Prairie anticipates initial frac operations under the new partnership will commence on the Company’s recently drilled 8-well Shelduck pad in Weld County, CO.
“This partnership represents a significant step forward in our commitment to emissions reductions, innovative technology and operational efficiency,” said Edward Kovalik, Chairman and CEO of Prairie Operating Co. “By transitioning to an all-electric frac fleet, we are not only enhancing our operational capabilities but also taking proactive measures to reduce our environmental impact. Combined with our previously announced agreement with High West Energy to provide line power in Weld County, the ProFrac partnership moves us toward our ultimate goal of having all operations, drilling through the production phase, fully electrified.”
"We are excited to partner with Prairie Operating Co. on this transformative initiative to implement an all-electric frac fleet in Colorado,” said Matt Wilks, Executive Chairman of ProFrac. "At ProFrac, we are committed to advancing cutting-edge technologies that drive operational efficiency and reduce environmental impact. This collaboration not only supports Prairie’s vision of a fully electrified operation but also strengthens our position in the Rockies, where we continue to grow our presence. Our goal is to secure long-term contracts on our top-tier assets, and this partnership marks another important milestone in this effort and further positions us to lead the industry in electrification and sustainable operations," concluded Mr. Wilks.
In addition to the E-Pumps, the fleet will be equipped with state-of-the-art electric Blender units, hydration systems, and chemical additive units, all powered by
To support this fully electric fleet, power will be provided by state-of-the-art turbine generators, including two new Solar – SMT130 Mobile Gas Turbines each capable of generating 16.5 MWe ISO (13.8 kV).
Prairie is committed to upholding Colorado’s stringent emissions standards through the implementation of ProFrac’s innovative power generation solutions. The Solar – SMT 130 Mobile Gas Turbines are expected to reduce emissions significantly across key metrics and stay below the Air Quality Control Commissions stated NOx targets.
The collaboration between Prairie and ProFrac underscores both companies' dedication to innovation in the energy sector, setting a new benchmark for responsible and efficient hydraulic fracturing practices.
About Prairie Operating Co.
Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. `The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. More information about the Company can be found at www.prairieopco.com.
About ProFrac Holding Corp.
ProFrac Holding Corp. is a technology-focused, vertically integrated and innovation-driven energy services holding company providing hydraulic fracturing, proppant production, related completion services and complementary products and services to leading upstream oil and natural gas companies engaged in the exploration and production ("E&P") of North American unconventional oil and natural gas resources. ProFrac operates through three business segments: stimulation services, proppant production and manufacturing. For more information, please visit ProFrac's website at www.PFHoldingsCorp.com.
Prairie Cautionary Statement Regarding Forward-Looking Statements
The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. There may be additional risks not currently known by the Company or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations can be found in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K/A filed with the SEC on March 20, 2024, and any subsequently filed Quarterly Report and Current Report on Form 8-K. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
ProFrac Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be accompanied by words such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” or similar words. Forward-looking statements relate to future events or ProFrac’s future financial or operating performance. These forward-looking statements include, among other things, statements regarding: ProFrac’s strategies and plans for growth; ProFrac’s positioning, resources, capabilities, and expectations for future performance; customer, market and industry demand and expectations; ProFrac’s expectations about the contributions of AST; ProFrac’s expectations about price fluctuations, and macroeconomic conditions impacting the industry; competitive conditions in the industry; ProFrac’s ability to increase the utilization of its mining assets and lower its mining costs per ton; success of ProFrac’s ongoing strategic initiatives; ProFrac’s intention to increase the number of fully integrated fleets; ProFrac’s currently expected guidance regarding its 2024 and 2025 financial and operational results; ProFrac’s ability to earn its targeted rates of return; pricing of ProFrac’s services in light of the prevailing market conditions; ProFrac’s currently expected guidance regarding its planned capital expenditures; statements regarding ProFrac’s liquidity and debt obligations; ProFrac’s anticipated timing for operationalizing and amount of contribution from its fleets and its sand mines; expectations regarding pricing per ton range; the amount of capital that may be available to ProFrac in future periods; any financial or other information based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; any estimates and forecasts of financial and other performance metrics; and ProFrac’s outlook and financial and other guidance. Such forward-looking statements are based upon assumptions made by ProFrac as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability to achieve the anticipated benefits of ProFrac’s acquisitions, mining operations, and vertical integration strategy, including risks and costs relating to integrating acquired assets and personnel; risks that ProFrac’s actions intended to achieve its 2024 and 2025 financial and operational guidance will be insufficient to achieve that guidance, either alone or in combination with external market, industry or other factors; the failure to operationalize or utilize to the extent anticipated ProFrac’s fleets and sand mines in a timely manner or at all; ProFrac's ability to deploy capital in a manner that furthers ProFrac's growth strategy, as well as ProFrac's general ability to execute its business plans; the risk that ProFrac may need more capital than it currently projects or that capital expenditures could increase beyond current expectations; industry conditions, including fluctuations in supply, demand and prices for ProFrac’s products and services and for natural gas; global and regional economic and financial conditions, including as they may be affected by hostilities in the Middle East and in Ukraine; the effectiveness of ProFrac’s risk management strategies; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in ProFrac’s filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov.
Prairie Investor Relations Contact:
Wobbe Ploegsma
info@prairieopco.com
832.274.3449
ProFrac Investor Relations Contact:
Michael Messina
Investors@PFHoldingsCorp.com
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