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Halliburton Company HAL announced the implementation of the first electric grid-powered fracturing operation of the energy industry for Cimarex Energy Co. XEC.
Halliburton has been conducting the fracturing process on several well pads in the Permian Basin since November. The company stated that so far it has completed almost 340 stages across multiple wells by the means of the utility-powered electric frac pumps, with advanced operating abilities.
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Electric fracturing provides an alternative approach and enables the companies to accomplish the least possible emission profile against both turbines and Tier 4 dual-fuel engines. Beside this, the approach uplifts operational security and needs low capital costs compared with turbines.
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Importantly, Halliburton engineers its electrically operated equipment to apply the maximum energy capacity from the grid to allow customers to obtain a pumping performance of 30-40% higher than with conventional equipment.
The deployment of the electric frac system upholds Cimarex’s aim toward its operational and environmental performance. The upstream company intends to use its infrastructural investments in generating efficiencies in operations, while reducing greenhouse gas emissions. Notably, Halliburton’s fracturing operation boosted these investments and Cimarex expects further development of the technology with Halliburton across its assets.
The supply of the grid-powered hydraulic fracturing solution reflects Halliburton’s aim to help customers achieve lower emissions. On its part, the electric fracturing process is in line with Halliburton’s aim to offer low carbon-intensive solutions to the entire energy industry and for a sustainable future.
About
Cimarex is an exploration and production company with operations in Oklahoma, Texas and New Mexico. The majority of our activity is currently in the Permian Basin and the Anadarko Basin in Western Oklahoma. We pride ourselves on a strong technical team. The cornerstone to the Cimarex approach is detailed pre- and post-drill economic evaluation of after-tax rate of return on invested capital for every well drilled. We continually strive to maximize cash flow from producing properties for reinvestment in drill-bit driven growth opportunities.
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