NexTier Announces Successful Field Test of Natural Gas-Powered eFrac Engines, Advancing and Expanding Low-Cost, Low-Carbon Strategy

Rhea-AI Summary

NexTier Oilfield Solutions Inc. (NYSE: NEX) announced a successful field test of its NOV Ideal eFrac pump powered by natural gas reciprocating engines in West Texas. The engine outputs 2.5 MW at 13.8 kV and supports leading emissions reductions, with minimal maintenance needs. This scalable solution is set to power NexTier's first eFrac fleet, expected for deployment in H1 2022. The collaboration with Caterpillar emphasizes a commitment to low-carbon solutions in the oil and gas sector, enhancing operational efficiency and mobility in well completions.

Positive

• Successful field test of the NOV Ideal eFrac pump indicates strong operational capabilities.
• Partnership with Caterpillar aims to provide low-emission power sources, enhancing NexTier's sustainability profile.
• The first eFrac fleet is expected for deployment in the first half of 2022, indicating future growth prospects.

Negative

• None.

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

FAQ

What is the recent announcement by NexTier Oilfield Solutions regarding eFrac technology?

NexTier announced a successful field test of its NOV Ideal eFrac pump, powered by natural gas engines, which will be part of their first eFrac fleet to be deployed in H1 2022.

What power output do the natural gas engines used by NexTier provide?

The natural gas engines used by NexTier output 2.5 MW of power at 13.8 kV.

How does NexTier's new eFrac technology impact emissions?

NexTier's new eFrac technology provides leading emissions reductions, aligning with their low-carbon strategy.

When is NexTier's first eFrac fleet expected to be deployed?

NexTier's first eFrac fleet is expected to be deployed in the first half of 2022.

What is the significance of NexTier's partnership with Caterpillar?

The partnership with Caterpillar provides NexTier with access to mobile low-emission power sources, enhancing their capabilities in oil and gas well completions.