Oilfield expertise agency Pioneer Power Inc. has accomplished the sale of its Pegasus area fuel conditioner to Gasoline Automation Station (FAS), a subsidiary of Atlas Oil Firm.
The Pegasus system circumstances area fuel into constant, high-quality gasoline for use instead of diesel for hydraulic fracturing fleets, considerably lowering the emissions and environmental impression of fracking whereas additionally lowering gasoline prices, Pioneer Power mentioned in a information launch Wednesday. The monetary particulars weren’t disclosed.
“We have been enormously impressed by the Pegasus expertise, which has been customized constructed to fulfill the rigorous necessities of frac fleet fueling and is the right complement for our rising CNG [compressed natural gas] enterprise”, Atlas Oil President Michael Evans mentioned. “Our crew is trying ahead to bringing this thrilling new expertise to our prospects, serving to us to proceed to offer the high-quality pure fuel gasoline they want, when and the place they want it, persistently, and with the best ranges of environmental accountability”.
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Pioneer Power mentioned the Pegasus unit, which is designed particularly for the pains of direct frac fleet fueling, can change as much as 700,000 gallons of diesel gasoline monthly with clear burning pure fuel. It additionally has massive capability that meets the wants of dual-fuel frac fleets in addition to e-fleets and generators. The corporate added that it expects to “considerably ramp up manufacturing” of Pegasus methods this yr.
“The business goes by way of a fast transition from diesel gasoline to pure fuel, with area fuel particularly holding probably the most promise for the most important price financial savings and environmental advantages”, Pioneer Power CEO Eyal Aronoff mentioned. “We’re thrilled to be working carefully with the world class crew at Atlas Oil and FAS to reveal the true potential of the Pegasus for oilfield decarbonization. We enormously respect Atlas’ technical and thought management for being an early adopter of this revolutionary expertise. We imagine that the Pegasus represents a step change enchancment that isn’t simply higher for the underside line however can also be higher for the surroundings”.
Denver-based Pioneer Power describes itself as a supplier of applied sciences that assist to decarbonize the oil and fuel business. The corporate’s product traces embrace the Emission Management Treater (ECT), a zero-emission oil manufacturing system which additionally will increase crude manufacturing volumes; the Pegasus area fuel conditioning system which reduces emissions and gasoline prices from hydraulic fracturing operations; and flare fuel seize and processing gear.
In October 2023, Pioneer Power accomplished a profitable area trial of ECT expertise. Pioneer partnered with Bayswater Exploration & Manufacturing, a Colorado-based oil producer, to deploy and function the ECT at one in all their manufacturing places in Weld County. The pilot demonstrated almost full elimination of effectively pad emissions with autonomous and dependable operations, and an 11.3% p.c improve in crude yield.
“We are able to see how the ECT might help Bayswater enhance our backside line whereas serving to to realize our emissions discount targets, Bayswater CEO Steve Struna mentioned in an earlier assertion. “I firmly imagine within the ECT expertise’s means to enhance crude oil yield, and I look ahead to additional alternatives to use this expertise in our operations”.
Atlas Oil, a Simon Group Holdings firm, affords single supply options for gasoline, transportation and logistics. The corporate is among the largest gasoline distributors within the nation, delivering almost 5 billion gallons of gasoline in 2023. Atlas Fuel Options, owned by Atlas Oil, affords single supply options for pure fuel provide, processing, filtration, supply, and on-site stress discount and distribution companies.
To contact the writer, electronic mail rocky.teodoro@rigzone.com
