Pioneer Energy Selected by Department of Energy for $27 Million to Advance Methane Emission Reduction from Oil Production
The ECT is a closed system that completely processes the crude, resulting in zero routine flaring with no need for atmospheric storage tanks. It performs better separation than existing phase separators, resulting in no flash gas left in the crude and a lot less heavy NGLs left in the gas. This new technology utilizes state-of-the-art, cloud-connected automation, giving operators the ability to not only monitor their production but also to control it remotely from a centralized dashboard, saving manpower, field trips, and maintenance costs. Additionally, the ECT is modular, which enables easier right sizing of equipment throughout the life of the well pad. This results in better CAPEX utilization and reduced lifetime total cost of ownership.
The fourth grant, in partnership with Emvolon, Inc., will advance a novel flare gas to methanol system.
Each project will involve extended demonstration of equipment on oil producer well pad locations. Colorado School of Mines and Montrose Environmental Group (NYSE:MEG) will provide third-party assessment of the flaring and methane emissions reductions achieved.
The projects are as follows:
Commercial Scale Turnkey Near Zero Emissions and Zero Flaring Oil Production Facility
This
Zero-Emission Sweetening & Stabilization Production Facilities for Sour Sites
Pioneer has been selected for this
Zero-Emission Drop-In Replacement Production Facilities for Marginal Conventional Wells
Pioneer has been selected for this
Methane Emission Mitigation through Onsite Methanol Synthesis
Pioneer has been selected for this
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“We are thrilled to receive the support of the Department of Energy to help us scale and commercialize our zero emissions technology. Deploying our Emission Control Treater (ECT) will result in a substantial increase in oil revenues. The new grants will help us demonstrate the wide applicability of the ECT including processing sour crude, and for low producing wells, while simultaneously eliminating or greatly reducing unwanted flaring,” said Pioneer Energy’s CEO Eyal Aronoff. “At Pioneer Energy we believe that energy security is an important aspect of the energy transition, and that through deployment of innovative technology it can be achieved with nearly zero production site emissions.”
DOE Announcements:
https://content.govdelivery.com/accounts/USDOEOFE/bulletins/39ca9c7
https://content.govdelivery.com/accounts/USDOEOFE/bulletins/3c8852e
Partner Links: |
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Emvolon: |
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Colorado School of Mines: |
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Montrose Environmental: |
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Bayswater Exploration & Production: | https://bayswater.us/ |
Prairie Operating: |
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Diversified Energy: |
About Pioneer Energy
Pioneer Energy, Inc. is a provider of technologies that help the oil and gas industry to increase production revenues and decrease operational expenses, while also eliminating flaring and oilfield emissions. The company’s product lines include the Emission Control Treater™ (ECT), a zero-emission oil production system which increases crude production volumes; Pegasus field gas conditioning systems which save on fuel costs, decrease field operations costs, reduce emissions and improve uptime for well pad production and hydraulic fracturing operations; and flare gas capture and processing equipment. Pioneer’s systems help oil producers to be good stewards of the environment while converting emissions to resources which help to support domestic energy security. To learn more, visit http://pioneerenergy.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250108138513/en/
Nicole Lane, Corporate Relations Officer
nlane@pioneerenergy.com
Joseph E. Palaia, IV, Vice President of Business Development
jpalaia@pioneerenergy.com
Source: Pioneer Energy, Inc.