Welcome!

Apache Authors: Pat Romanski, Liz McMillan, Elizabeth White, Janakiram MSV, Gil Allouche

News Feed Item

Green Field Energy Services and GE to Deploy Natural Gas Powered Equipment to the Oil & Gas Industry Under New Supplier Agreement

Pilot Programs to Use Field Gas to Power Artificial Lift Pumps and Drilling Rigs

LAFAYETTE, La., Jan. 7, 2013 /PRNewswire/ -- Green Field Energy Services, Inc. (CUSIP Nos.: 39304K AA4; U39065 AA2; and 39304K AB2), announced today that it has signed a global supplier agreement with GE Oil & Gas to deliver low-cost, cleaner burning power generation solutions to the oil and gas industry. 

Under the agreement, GE will provide technology and equipment, including Electric Submersible Pumps (ESPs) used in artificial lift systems for oil and fluids production, modular CNG In A Box™ compressed natural gas systems and LNG production systems and more.  Green Field, which is a leader in using natural gas to power turbine driven hydraulic fracturing and drilling equipment, will use these technologies in conjunction with its own fueling technologies, which can significantly reduce a site's environmental footprint and increase efficiency by replacing diesel fuel for power generation.

Green Field and GE have also signed a memorandum of understanding (MOU) on a technology collaboration that calls for the two companies to further investigate ways to make their technologies even more efficient when deployed together. Green Field will provide its proprietary technology, including its bi-fuel capability developed for use on its Turbine Frac Pumps, and GE will provide turbines that can be used for testing.

Michel Moreno, Chairman and CEO of Green Field, stated, "We're thrilled to be collaborating with GE, and we're proud that this global leader in energy and power generation recognizes the advancements we have made with our turbine driven technology. We believe our turbine driven systems are superior to other natural gas powered options because our bi-fuel engines are capable of running 100% on field gas. Therefore, making it simpler for our customers to convert from diesel to natural gas as a fuel source.  Most natural gas powered solutions today generally still require diesel in the fuel mix in order to operate."

Mike Hosford, General Manager – Unconventional Resources, GE Oil & Gas said, "This collaboration may help us deliver innovative solutions that solve some of the biggest industry challenges, in particular, utilizing natural gas to power the oil field and reducing the environmental footprint of operations over diesel fueled power generation.  By using Green Field's bi-fuel technology on the gas turbines, we have the potential to switch the power source at drilling sites to abundant, reliable, and cleaner-burning natural gas -- a source of energy that can help meet our world's growing energy needs for decades to come."

In conjunction with the collaboration, Green Field has secured commitments with two customers to conduct pilot programs to test power generation of oil and gas equipment utilizing natural gas produced onsite in the field.

The first pilot program will be for SandRidge Energy, Inc.  Green Field will provide oilfield power on a SandRidge well in the Mississippian formation in Oklahoma with 100% field gas produced by that well.  This test is expected to be conducted by year-end.

Greg Dewey, VP of Communications, commented, "We're excited to be part of this groundbreaking test in which our well will be producing on artificial lift without the use of an external fuel source to power the downhole pump.  This technology has the potential to significantly reduce our operating expenses and our environmental impact at the same time."

The second pilot program is scheduled to begin in the first quarter of 2013 for Apache Corporation in the Granite Wash play in Texas.  Green Field will power a 1500 horsepower land drilling rig using four 1-megawatt turbine engines running on field gas. 

Mike Bahorich, Apache's EVP and Chief Technology Officer commented, "We have been closely following Green Field's development and we are excited to be taking the next leap forward with them by expanding the use of their technology to power drilling rigs.  The ability to run drilling rigs on natural gas from our producing fields would allow us to reduce air emissions and lower our costs.  This is a major initiative for Apache, which is the one of the largest oil and gas companies headquartered in the US."

Based on current energy prices, by using 100% field gas instead of diesel, an operator can lower its energy costs by up to 75%.

About Green Field Energy Services

Green Field is an independent oilfield services company that provides a wide range of services to oil and natural gas drilling and production companies to help develop and enhance the production of hydrocarbons. The Company's services include hydraulic fracturing, cementing, coiled tubing, pressure pumping, acidizing and other pumping services.

In December 2010, Green Field became the first company to provide hydraulic fracturing services utilizing turbine-powered pumping equipment. The Company believes that its technology provides several advantages over the diesel-powered pumping equipment generally utilized in the industry, including significantly lower emissions, a smaller operating footprint, lower manufacturing costs, lower operating costs and greater fuel flexibility, including the ability to operate on natural gas.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements may be identified by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. Forward-looking statements reflect our current views about future events, are based on assumptions, and are subject to known and unknown risks and uncertainties. Many important factors could cause actual results or achievements to differ materially from any future results or achievements expressed in or implied by our forward-looking statements. Many of the factors that will determine future events or achievements are beyond our ability to control or predict. These forward-looking statements reflect our views and assumptions only as of the date such forward-looking statements are made. You should not place undue reliance on forward-looking statements. Except as required by law, we assume no responsibility for updating any forward-looking statements nor do we intend to do so. Our actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements.

CNG In A Box is a trademark of the General Electric Company

CONTACTS:

Green Field Energy Services, Inc.


Rick Fontova, President


337-706-1700




DRG&L


Ken Dennard / Ben Burnham


713-529-6600

 

SOURCE Green Field Energy Services, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
As cloud adoption continues to transform business, today’s global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.