U.S. Well Services [NASDAQ: USWS]: Fully-Electric Well Stimulation System

It has been three years since the signing of the United Nations’ Paris Agreement, which obligated more than 200 countries to limit global warming “well below two degrees Celsius.” Since then, concerns about climate change have grown in both intensity and scope, placing a stringent eye on the role of companies in generating greenhouse gas (GHG) emissions. With the production and consumption of oil and natural gas products accounting for more than 40 percent of global GHG emissions, oil and gas (O&G) companies are now confronted with mounting pressure for change. The pressing question therefore arises: “In a continually warming world, how can O&G companies navigate their way toward a sustainable future?”

Bringing the revolutionary concept of natural-gas powered electric fracking fleet called Clean Fleet, Texas-based U.S. Well Services [NASDAQ: USWS] is able to find a fitting answer to the global issue. The unique technology makes use of the excess natural gas from a drilling site to power the hydraulic fracturing equipment. This has resulted in reducing the hazardous emissions of carbon monoxide and nitrogen oxides (NO and NO2) to near-zero levels. That being said, not only is this product eco-friendly but also equally cost-efficient. Companies already employing Clean Fleet have reported a stark cut down in their fuel expenses, to the tune of $1 million a month.

This first-of-its-kind mobile well stimulation system also demonstrates enhanced safety features and operates with reduced noise. “Our patented fracking fleet exhibits significant benefits like lowering carbon emissions, enhancing ambient air quality, as well as improving operational efficiencies,” says Jared Oehring, CTO of USWS. At the same time, by replacing traditional diesel engines—which usually last for 5-7 years—with variable frequency drives (VFDs) and motors, Clean Fleet is able to increase the longevity of the product to almost 25 years.

Alongside Clean Fleet, USWS has also developed a technology called FRAC MD to understand the effectiveness of any fracturing equipment. By leveraging predictive maintenance to analyze the real-time data collected during fracturing, FRAC MD reduces the non-productive time of an oil-drilling operation.