Prometheus Energy Group Inc., supplier of LNG to the industrial sector, announced it has entered into a master services agreement with WPX Energy to supply LNG plus related equipment and services for WPX’s initiative to utilizing clean-burning natural gas in its drilling operations. Prometheus will be supplying the fuel through its established North American LNG network, and providing onsite mobile LNG storage, vaporization equipment and technical services.
The agreement initially applies to WPX’s operations in the San Juan basin and can be extended to Piceance operations as well. WPX Energy has primarily utilized field gas over the past two years but has moved into acreage where field gas was not available. Even with a 50-50 split alternating between field gas and LNG, the overall natural gas solution is significantly below diesel costs, even at currently depressed prices for distillate fuel according to both Prometheus and WPX.
“Prometheus led the development of LNG fueling of natural gas rigs in the E&P sector beginning in 2010 and has since supplied gas to 40 rigs and drilled more than 1,200 wells using 100% gas from LNG. We also supply several dual fuel frac spreads in the oilfield sector, as well as an increasing number of non-oilfield industrial customers,” said Jim Aivalis, CEO of Prometheus Energy.
“We are very pleased with the competency of Prometheus Energy in responding to our rapid need for an LNG fuel solution. Their long track record in the LNG fueling space really demonstrated that LNG solutions are safe, economical and reliable. We are committed to sustainability and environmental stewardship in everything we do. We are actively expanding our experience with 100% gas drilling, and are very encouraged by the performance,” added Justin Stolworthy, Drilling Engineer Team Lead/ San Juan Basin.
Source: Prometheus Energy
