Green Energy is one of the first providers in the industry to provide fluid management services, including fluid transportation, storage, and disposal through the utilisation of liquefied natural gas (LNG) powered trucks.
This is a revolutionary and proven technology that can offer significant cost savings - approximately $2 per gallon - over traditional diesel powered trucks.
The company has entered into a first-call agreement with XTO Energy, a wholly owned subsidiary of Exxon Mobile. XTO manages more than 3,500 gas wells spread over 290,000 acres in the Freestone Trend area in Central North East Texas. The Freestone Trend generates more than 50,000bbls of salt water per day.
“We are excited to partner with Texas-based companies in building our LNG-powered vehicles,” said Roger Nevill, president and chief operating officer for Green Energy Oilfield Services. “In utilising LNG, a cleaner alternative fuel, we drastically reduce emissions and help decrease dependency on foreign energy products.”
Green Energy worked with Irving-based Rush Peterbilt Truck Centers and Denton-based Peterbilt developed the fleet of 60 LNG-powered vehicles.
Dragon Products, based in La Porte, manufactured 55 vacuum trailers, 400 frac tanks, acid tanks, mud tanks and mud pumps.
Houston-based Clean Energy provides the LNG to fuel the truck engines. Lone Star Investment Advisors, a Dallas-based private equity firm, is the sole investor in Green Energy. Westport, which is the only non-Texas based partner based in Vancouver, BC and the global leader in natural gas engines, retro-fitted Green Energy’s vehicle engines to ensure the highest quality and safety in vacuuming, transporting and disposing of the gas waste water.
In other LNG news, Sovcomflot and Shell have further developed their cooperation agreement.
The agreement has been signed for a long-term time-charter of two ice class LNG carriers.
At the XVI St. Petersburg International Economic Forum Russia’s Sovcomflot, the world’s largest operator of ice class vessels, signed an agreement to provide Shell will the use of two modern LNG carriers on the basis of a long-term time charter.
The agreement was concluded following a tender process, which resulted in Shell International Trading and Shipping Company (STASCO) choosing SCF Sovcomflot’s gas-carriers for the transportation of its LNG by sea.
Grahaeme Henderson, Vice President of Shell Shipping, said: “LNG has a very important role to play in meeting global energy demand. Today, Shell and Sovcomflot are bringing together our collective LNG, shipping and arctic expertise to devise the next generation of LNG tanker. These new ships will help supply LNG to international markets and support Shell’s LNG growth strategy.”
The vessels have been ordered at STX Offshore & Shipbuilding (South Korea) and will be built with the participation of JSC United Shipbuilding Corporation (JSC “USC”).
The first tanker is due to be commissioned in late 2014 and the second vessel in early 2015.