BJ Services has entered into a multiyear contract with Aethon Energy on March 11 for the deployment of the company’s first TITAN next-generation fracturing fleet in the Haynesville shale.
Powered by a direct drive natural gas-fueled turbine, the first TITAN prototype pump has completed more than 500 hours of field testing on Aethon Haynesville well locations this year. The first TITAN fleet will deploy in fourth-quarter 2020, which will launch the beginning of the company’s next-generation fleet strategy.
“The launch of the TITAN will allow us to make significant progress on our commitment to reducing carbon emissions, increasing operational efficiencies, and improving the economics for our clients,” Caleb Barclay, COO of BJ Services, said. “We are proud to partner with a company that shares our vision surrounding continuous improvement and know that this next generation equipment will prove to be a step-change to the impact it will have on the environment, efficiency, and economics for Aethon’s operation. Aethon’s excellent leadership and operational track record speak to the quality of the work we expect to do together over the next four years.”
The TITAN, fueled 100% by natural gas, provides up to 5,000 horsepower while supporting the reduction of greenhouse gas emissions, reduced operating costs, improved mobility, and reliable operations. The next-generation pump also meets the most stringent noise reduction requirements across North America.
Aethon, a Dallas-based private investment firm and owner-operator of onshore oil & gas assets, is a leader in the industry for improving operating efficiencies and investing in ESG initiatives.
“The natural gas-powered TITAN fleet developed by BJ Services will deliver performance aligned with Aethon’s cost and ESG goals,” Paul Sander, COO and partner at Aethon, said. “Ultimately, larger pumps with fewer pumping units will reduce our footprint and result in structural cost savings for pumping services. We are excited to partner with BJ Services and are pleased with their willingness to provide innovative solutions in this next-generation technology.”
Recommended Reading
PHX Minerals Explores Sale After Rejecting Acquisition Bids
2024-12-13 - PHX Minerals hired bankers to explore a potential merger or sale of the firm, which manages assets across the Midcontinent and Haynesville Shale play. PHX has rejected multiple unsolicited acquisition bids in the past two years.
PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
2025-01-08 - Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.
Exclusive: Harold Hamm’s Top Oil, Gas Goals After Trump Victory
2024-11-15 - Continental Resources Chairman Harold Hamm helped raise millions of dollars for Donald Trump’s campaign—and he’s got a laundry list of energy goals for the next administration to tackle.
Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump
2024-11-18 - Harold Hamm, Continental Resources founder and major Trump donor, says the U.S. faces real barriers to expanding production growth—even with Republicans controlling D.C.—as major shale basins mature.
Exxon: Longer Laterals, Cube Well Design Lowering Permian Costs
2024-12-11 - Exxon Mobil is boosting spending to grow global oil and gas production by 18% by 2030. U.S. rival Chevron Corp. recently said it’s cutting spending in favor of free cash flow.