Green Energy Oilfield Services, an oilfield service company that specializes in fluid management for oil and gas, announced the opening of its 14,000 square-foot facility.
Green Energy partnered with Texas-based companies to construct its equipment as well as its facility, underscoring the fluid management provider’s commitment to the regional economy. The Green Energy facility has created 150 local jobs and will generate in excess of $24 million in annual revenue in 2012.
Green Energy is one of the first providers in the industry to provide fluid management services, including fluid transportation, storage, and disposal through the utilization of liquefied natural gas (LNG) powered trucks, 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 50,000 bbls of salt water per day.
“We are excited to partner with Texas-based companies in building our LNG-powered vehicles,” said Roger Nevill, president & chief operating officer for Green Energy Oilfield Services. “In utilizing 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.
LNG World News Staff, June 25, 2012