GASFRAC Energy Services Inc. has signed a technical cooperation agreement (TCA) with Green Field Energy Services, under which the two companies will work jointly toward a technical solution that would enable their respective proprietary oil and gas production enhancement technologies to be combined.
The use of Green Field's turbine frac pumps (TFPs) to deliver GASFRAC's gelled LPG technology would offer oil and gas producers unparalleled well performance with a sharply reduced environmental impact.
"We have the potential through this agreement to develop a second-to-none well stimulation technology for our customers," said Zeke Zeringue, president and chief executive officer of GASFRAC. "It will take some time to solve the engineering challenges of combining our system with Green Field's, but there's a likely win-win here for both our companies."
GASFRAC currently delivers its proprietary liquefied petroleum gas (LPG) stimulation services through conventional diesel-powered pressure pumping units. LPG technology delivers higher oil and gas recovery rates without the environmental challenges of fracturing with water.
Green Field has developed a unique split shaft turbine-powered frac pump that is capable of multiple fuel sources including natural gas. The TFP offers dramatically improved energy efficiency, reduced emissions, a smaller physical footprint and exceptional power density. The objective of the TCA between the two companies is to enable GASFRAC's technology to be delivered through Green Field's turbine frac pump.
Rick Fontova, president of Green Field, added, "Combining GASFRAC's waterless fracturing technology along with Green Field Energy Services' clean turbine pumping technology provides customers with the industry's most environmentally friendly hydraulic fracturing solution."
GASFRAC is an oil and gas technology and service company headquartered in Calgary and the sole provider of gelled LPG fracturing technology in North America. Green Field Energy Services is and oil and gas service company headquartered in Lafayette, Louisiana and the only provider of clean turbine frac pumping technology.