Ferus announces expansion of well completion services in the Rockies with addition of new CO(2) and N(2) capacity
DENVER, Sept. 19, 2013 /PRNewswire/ - FERUS LP (Ferus) today announced that it has increased its fleet of CO2 and N2 equipment in the Rockies by 50%. Ferus now offers a full suite of well completion services and energized fluid supply to both operators and service companies operating in the Southern Rocky Mountain region.
When asked about this exciting new growth opportunity for Ferus, Chad Porter, Ferus's Chief Operating Officer stated, "These recent additions to our fleet significantly expand our service offering to the oil and gas industry in the Rockies. Just as we've done with our energized fluids business in the Western Canada Sedimentary Basin, the deployment of high quality rolling assets combined with proximal product supply and the highest trained workforce in the industry is a recipe for successful execution of our growth strategy in the region".
Ferus LP, a member of the Ferus group of companies based in Calgary, Alberta, Canada, is owned by The Energy & Minerals Group ("EMG"), located in Houston and Dallas, Texas. The Ferus Group provides integrated solutions to the energy industry for well stimulation, well completions and enhanced oil recovery applications. Ferus provides a dedicated supply of cryogenic fluids, as well as the related logistical services to deliver those products to its customers in the energy industry throughout North America. Ferus's primary product and service lines include: liquid carbon dioxide, liquid nitrogen, transportation, storage, logistics and on-site services. Ferus currently owns and operates eight cryogenic plants, which are strategically located throughout the Western Canada Sedimentary Basin, north-Eastern U.S and the U.S. Rockies, as well as a fleet of over 300 transportation and storage assets that are specifically designed for oilfield operations. In addition to the energized fluids business, Ferus Natural Gas Fuels, another EMG-owned company and Ferus affiliate, also offers integrated natural gas supply chain solutions. Ferus Natural Gas Fuels supplies both Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG), and provides the related logistical and technical services and equipment to deliver both products where and when needed.
ABOUT THE ENERGY & MINERALS GROUP
The Energy & Minerals Group is a highly specialized private equity firm that focuses exclusively on investing across various facets of the global natural resource industry that are integral to the global economy. EMG has $6.2 billion of total investor commitments (including co-investments) with in excess of $3.2 billion deployed across the energy complex since inception. For additional information on EMG, please contact Alexandra Coolidge at 713-579-5029.
SOURCE FERUS LP