Prometheus Energy Providing Infrastructure and Expertise for First 100% LNG Fueled Dedicated Hydraulic Fracturing Pumps Increasing Fuel Savings for Growing Clean Energy Demand in the Oilfield Market
HOUSTON, April 24, 2013 /PRNewswire/ -- Prometheus Energy Group Inc. ("Prometheus Energy"), a leading supplier of liquefied natural gas (LNG) and related services to oilfield, power, mining and process industry customers, announced the successful deployment of the first 100% LNG powered turbines for hydraulic fracturing, supporting operations for Green Field Energy Services, Inc. (CUSIP Nos.: 39304K AA4; U39065 AA2; and 39304K AB2).
Prometheus Energy is providing all LNG equipment, including onsite mobile LNG storage and vaporization, technical field support and project management of all third parties for compression and power generation services.. The fracturing project is in the Eagle Ford Shale Play in South Texas. This first-of-a-kind project is yet another step by Prometheus in creating LNG distribution infrastructure, and enabling the LNG framework for specialized customer solutions.
"We are extremely pleased to support Green Field Energy Services in providing critical equipment and LNG fuel solutions that greatly reduce air emissions in the hydraulic fracturing market," said Jim Aivalis, CEO of Prometheus Energy. "One of our key goals is to help our growing and diverse customer base by maximizing their returns with lower cost LNG fuel alternatives while simultaneously reducing their environmental footprint. For us, to achieve this goal is a testament to our experience and expertise in delivering regasification solutions in a safe, cost-effective, reliable and timely manner."
Prometheus Energy develops solutions that employ the right assets and the right expertise to meet the demand for a safe, reliable and cleaner-burning source of energy. "Our experience here keeps us at the forefront of providing fit-for-purpose LNG solutions," said Brad Bodwell, SVP of Commercial Development of Prometheus.
About Prometheus Energy
Prometheus Energy is one of the largest and fastest growing suppliers of liquefied natural gas (LNG) to the industrial sector in North America. Prometheus provides turnkey fuel solutions to convert industrial users of diesel, propane and other crude-derived fuels to clean, domestic, secure LNG, resulting in reduced fuel cost and environmental footprint. The company is vertically integrated from LNG production through logistics, distribution, onsite equipment and field support. A pioneer in the industrial LNG market, Prometheus is recognized for its industry leadership. Prometheus Energy is privately held by Shell Technology Ventures Fund 1 B.V. and Black River Asset Management LLC, a wholly owned but independently managed subsidiary of Cargill. For more information, please visit www.PrometheusEnergy.com
SOURCE Prometheus Energy