U.S. Well Services Announces Successful Electric Fracturing Field Trial with Callon Petroleum
U.S. Well Services (USWS) announced a successful electric fracturing field trial with Callon Petroleum, completing over 160 frac stages in 23 days at a Midland Basin site. This trial demonstrated the effectiveness of USWS's Clean Fleet® electric fracturing technology, which helped Callon eliminate more than 270,000 gallons of diesel and significantly reduce emissions of CO2, particulate matter, and NOx. USWS aims to enhance its partnership with Callon and continue delivering efficient and environmentally friendly fracturing solutions.
- Successful completion of over 160 frac stages in 23 days with Callon Petroleum.
- Elimination of over 270,000 gallons of diesel fuel contributing to environmental sustainability.
- Significant reduction in CO2, particulate matter, and NOx emissions, enhancing the company's eco-friendly image.
- None.
HOUSTON, May 7, 2021 /PRNewswire/ -- U.S. Well Services (Nasdaq: USWS) ("USWS" or the "Company") today announced it has performed a successful electric fracturing field trial with Callon Petroleum ("Callon"), completing over 160 frac stages in 23 days on a three well pad located in the Midland Basin. The Company estimates that by using the Clean Fleet® electric fracturing solution rather than a conventional diesel powered frac fleet, Callon eliminated over 270,000 gallons of diesel fuel and reduced CO2, particulate matter and NOx emissions.
"U.S. Well Services is proud of the work we performed for Callon," commented Joel Broussard, USWS' President and CEO. "This trial once again demonstrated the Clean Fleet® technology's ability to reduce completion costs through fuel savings and minimize the environmental impact of well completions. It is exciting to work with a best-in-class E&P operator like Callon and help them explore the benefits of electric fracturing. We look forward to building upon our relationship with that organization and continuing to deliver results on their behalf in the future."
About U.S. Well Services, Inc.
U.S. Well Services, Inc. is a leading provider of hydraulic fracturing services and a market leader in electric fracture stimulation. The Company's patented electric frac technology provides one of the first fully electric, mobile well stimulation systems powered by locally-supplied natural gas, including field gas sourced directly from the wellhead. The Company's electric frac technology dramatically decreases emissions and sound pollution while generating exceptional operational efficiencies, including significant customer fuel cost savings versus conventional diesel fleets. For more information visit: www.uswellservices.com. Information on our website is not part of this release.
Contacts:
Josh Shapiro
Vice President, Finance and Treasury
IR@uswellservices.com
Dennard Lascar Investor Relations
(713) 529-6600
USWS@dennardlascar.com
SOURCE U.S. Well Services, Inc.
