ProFrac Holding Corp. Partners with Prairie Operating Co. to Launch Electric Frac Fleet in Colorado
ProFrac Holding Corp. (NASDAQ: ACDC) has partnered with Prairie Operating Co. to deploy an electric frac fleet in Colorado. The initiative features 25 advanced 3,000 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. Power will be supplied by two Solar – SMT130 Mobile Gas Turbines, each generating 16.5 MWe ISO. This collaboration aims to reduce emissions and meet Colorado's environmental standards while enhancing operational efficiency.
ProFrac Holding Corp. (NASDAQ: ACDC) ha collaborato con Prairie Operating Co. per implementare una flotta di fratturazione elettrica in Colorado. L'iniziativa prevede 25 avanzate pompe singole E-Pumps da 3.000 HP, completamente elettrificate, per operazioni di fratturazione idraulica e di pompaggio. Le operazioni inizieranno sul sito Shelduck con 8 pozzi nella contea di Weld. La flotta comprende unità miscelatrici elettriche, sistemi di idratazione e unità per additivi chimici alimentati a gas naturale. L'energia sarà fornita da due turbine a gas mobili Solar – SMT130, ciascuna in grado di generare 16,5 MWe ISO. Questa collaborazione mira a ridurre le emissioni e rispettare gli standard ambientali del Colorado, migliorando al contempo l'efficienza operativa.
ProFrac Holding Corp. (NASDAQ: ACDC) se ha asociado con Prairie Operating Co. para desplegar una flota de fracturación eléctrica en Colorado. La iniciativa cuenta con 25 bombas E-Pumps avanzadas de 3,000 HP para operaciones de fracturación hidráulica y bombeo totalmente electrificadas. Las operaciones comenzarán en la plataforma Shelduck de 8 pozos en el condado de Weld. La flota incluye unidades mezcladoras eléctricas, sistemas de hidratación y unidades de aditivos químicos alimentadas por gas natural. La energía será suministrada por dos turbinas de gas móviles Solar – SMT130, cada una generando 16.5 MWe ISO. Esta colaboración tiene como objetivo reducir las emisiones y cumplir con los estándares ambientales de Colorado, al tiempo que mejora la eficiencia operativa.
ProFrac Holding Corp. (NASDAQ: ACDC)는 Colorado에서 전기 유압 프랙트 프리트를 배치하기 위해 Prairie Operating Co.와 협력했습니다. 이 이니셔티브는 완전 전기화된 유압 파쇄 및 펌프 작전을 위해 25개의 향상된 3,000 HP 단일 전기 펌프를 특징으로 합니다. 작업은 Weld 카운티의 Prairie의 8개 유정 Shelduck 패드에서 시작됩니다. 이 함대에는 천연 가스로 구동되는 전기 블렌더 장치, 수분 공급 시스템 및 화학 첨가제 장치가 포함됩니다. 전원은 각각 16.5 MWe ISO를 생성하는 두 대의 Solar – SMT130 이동식 가스 터빈으로 공급됩니다. 이 협력은 배출가스를 줄이고 Colorado의 환경 기준을 충족하며 운영 효율성을 향상시키는 것을 목표로 합니다.
ProFrac Holding Corp. (NASDAQ: ACDC) a noué un partenariat avec Prairie Operating Co. pour déployer une flotte de fracturation électrique dans le Colorado. L'initiative comprend 25 pompes E-Pumps avancées de 3 000 HP pour des opérations de fracturation hydraulique et de pompage entièrement électrifiées. Les opérations commenceront sur le site de Shelduck avec 8 puits 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. L'énergie sera fournie par deux turbines à gaz mobiles Solar – SMT130, chacune produisant 16,5 MWe ISO. Cette collaboration vise à réduire les émissions et à respecter les normes environnementales du Colorado tout en améliorant l'efficacité opérationnelle.
ProFrac Holding Corp. (NASDAQ: ACDC) hat sich mit Prairie Operating Co. zusammengeschlossen, um eine elektrische Frac-Flotte in Colorado einzusetzen. Die Initiative umfasst 25 fortschrittliche 3.000 HHP einzelne E-Pumps für vollständig elektrifizierte hydraulische Fracking- und Pumpvorgänge. Die Operationen beginnen auf der 8-Brunnen-Plattform Shelduck im Weld County. Die Flotte beinhaltet elektrische Mischgeräte, Hydratationssysteme und chemische Zusatzstoffeinheiten, die mit Erdgas betrieben werden. Die Energie wird durch zwei Solar – SMT130 mobile Gasturbinen bereitgestellt, die jeweils 16,5 MWe ISO erzeugen. Diese Zusammenarbeit zielt darauf ab, Emissionen zu reduzieren und die Umweltstandards Colorados einzuhalten, während die Betriebseffizienz verbessert wird.
- Implementation of advanced electric frac fleet technology
- Strategic partnership expanding presence in the Rockies region
- Potential for long-term contracts on top-tier assets
- Significant emissions reduction through electric operations
- None.
Insights
This strategic partnership marks a significant technological advancement in hydraulic fracturing operations. The deployment of 25 electric 3,000 HHP single E-Pumps represents a major shift from traditional diesel-powered equipment. The fully electrified fleet, including blenders, hydration systems and chemical additive units, powered by natural gas turbines, showcases an innovative approach to reducing operational emissions while maintaining high performance.
The two Solar - SMT130 Mobile Gas Turbines, each generating 16.5 MWe, provide reliable power infrastructure important for continuous operations. This setup not only ensures operational reliability but also positions both companies advantageously in Colorado's stringent regulatory environment. The transition to electric fracturing equipment could lead to substantial operational cost savings through reduced fuel consumption and maintenance requirements, while potentially opening doors to carbon credits and environmental incentives.
This partnership demonstrates strong environmental compliance strategy in Colorado's heavily regulated market. The implementation of fully electric fracturing operations, powered by natural gas turbines, positions both companies to meet and potentially exceed the Air Quality Control Commission's NOx targets. This proactive approach to emissions reduction could provide significant regulatory advantages and reduce compliance-related operational risks.
The integration of line power from High West Energy, combined with the electric fleet, creates a comprehensive emissions reduction strategy from drilling through production. This positions Prairie and ProFrac favorably for future regulatory requirements and could establish a new industry standard for environmental performance in hydraulic fracturing operations.
Innovative Collaboration Aims to Set New Standards in Emissions Reduction and Efficiency
ProFrac anticipates initial frac operations under the new partnership will commence on Prairie's recently drilled 8-well Shelduck pad in
"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
"We are excited to partner with Prairie Operating Co. on this transformative initiative to implement an all-electric frac fleet in
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
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
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 Prairie'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, Prairie 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. Prairie 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 Prairie. There may be additional risks not currently known by Prairie or that Prairie 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 Prairie's expectations can be found in Prairie's periodic filings with the Securities and Exchange Commission (the "SEC"), including Prairie'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. Prairie'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
Contacts: | ProFrac Holding Corp. |
Austin Harbour – Chief Financial Officer | |
Michael | |
Prairie Operating Co. Investor Relations | |
Wobbe Ploegsma | |
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SOURCE ProFrac Holding Corp.
FAQ
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