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These Five Companies are Reinventing the US Frac Fleet

Source: Evolution Well Services.
Slim and trim: The electric pressure pumping fleet takes up about a third of the area on a well pad that a conventional fleet of 20–25 pumps normally would, while also incurring far lower fuel costs by utilizing local sources of natural gas.

The beasts of burden in the US shale sector are the pressure pumping units that takes the theory of hydraulic fracturing and put it into practice. Yet, for much of the past 2 decades, these high-horsepower machines have seen relatively scant technological advancement.

Then the industry downturn happened. Hundreds of older units were scuttled. Profit margins for what was left were squeezed as tight as ever. Budgets to invest in new, unproven technologies were scarce.

Modernizers from various corners of the industry rose to challenge the idea that pressure pumping technology is stagnate, or simply “dumb iron.” For the past couple of years, this crusade has been led by the largest pressure pumping firms in the US by ­horsepower, Halliburton and Schlumberger. Both have introduced fracturing fleets that, by automating key manual tasks, are accelerating completion times and improving machine reliability.

But they are not the lone innovators. On the other end of the spectrum are five lesser-known technology developers, most of them startups. Their new software and hardware products reveal that wherever you look on a fracturing spread, there are costs to trim and new efficiencies to be gained.  

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These Five Companies are Reinventing the US Frac Fleet

Trent Jacobs, JPT Digital Editor

01 August 2019

Volume: 71 | Issue: 8

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