American Oil and Gas Reporter - February 2022 - 83

IndustryFocus: Companies, People and Products
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Flotek To Supply ProFrac With Green Chemistries
HOUSTON-Flotek Industries Inc. reports
it has entered a long-term agreement
with ProFrac Services LLC to provide
its full portfolio of sustainable chemistry
solutions to a dedicated portion of
ProFrac's hydraulic fracturing fleets.
Under the contract, Flotek will provide
full downhole chemistry solutions for
33% of ProFrac's fleets (with a minimum
of 10) for three years. This creates an
immediate expected contracted backlog
Evolution Well Services Completes 40,000 Stages
THE WOODLANDS-Evolution Well
Services reports it has completed more
than 40,000 hydraulic fracturing stages
with its electric frac fleets.
" Our team at Evolution Well Services
is dedicated to providing the highest level
of service quality to our partners. We
continue to demonstrate that through
these operational milestones. We are outpacing
other electric options on the market
by a significant margin and hope to continue
this in the future, " says Nick Ruppelt,
the company's vice president of digital
strategy and business development.
Enerflex, Exterran Merge
To Gain Scale, Efficiency
HOUSTON-Enerflex Ltd. and Exterran
Corp. report they are merging to create a
premier integrated global provider of energy
infrastructure.
" The transaction is immediately accretive
to shareholders; enhances our presence,
offerings, and scale across our regions;
and importantly, executes upon our yearslong
strategic goal of increasing recurring
revenues to improve the profitability and
resiliency of our platform, " says Marc
Rossiter, Enerflex's president and chief executive
officer. " The transaction will improve
our ability to partner with an expanded set
of customers to solve their growing energy
infrastructure challenges with integrity,
creativity, commitment and success. "
" We are excited about the ability to
create shareholder value through this transaction
and improving our product and
service offering. The scale and efficiencies
this combination brings are the right path
for Exterran and bring significant opportunities
for accelerated growth in produced
water treatment and energy transition
products and services, " comments Andrew
Way, Exterran's president and CEO.
For more information, visit www.enerflex.com
or www.exterran.com. ❒
FEBRUARY 2022 83
According to Evolution, the milestone
encompasses several technological and
operational achievements, including
simulfrac operations, more than 350
mobilizations to remote well sites, and
operating in sustained subzero temperatures.
By powering its electric fleets
with 100% clean-burning field gas, Evolution
says it is helping its partners
reduce their environmental footprints
and conserve millions of gallons of
diesel each year.
For more information, visit www.evolutionws.com.
❒
of
revenue greater than $230 million
based on estimated chemical volumes
and pricing, Flotek calculates. In exchange,
ProFrac will receive $10 million in notes
that are convertible into Flotek common
stock and will be permitted to designate
up to two new directors to Flotek's board.
" We are excited to establish this longterm
strategic partnership with ProFrac, "
says John W. Gibson Jr., Flotek's chairman,
president and chief executive officer. " We
believe the relationship creates a compelling
environment, social and governance
solution for the industry and delivers
long-term mutual benefit for both companies'
customers. Together, we have the
opportunity to reduce emissions and establish
green chemistry solutions, thereby
protecting air, land and water. "
Matt Wilks, ProFrac's president and
chief financial officer, states, " Flotek is a
great company that we are privileged to
work with. We believe this transaction
presents a unique opportunity to create
mutual value as we each expand. "
For more information, visit
www.flotekind.com or profrac.com. ❒
Pinnacle Contracts BCCK To Build Nitrogen Rejector
MIDLAND-BCCK Holding Co. has
signed an agreement with Pinnacle Midstream
to supply a NiTech®
nitrogen
rejection unit (NRU) in the Permian
Basin. BCCK, along with its sister company
NG Resources, will design and
build the facility.
" We are seeing a much higher concentration
of nitrogen in the gas being
produced from wells in our footprint at
the heart of the Midland Basin, and expect
that trend to continue as additional
With only three major
components and no
need for cryogenic
rotating equipment,
BCCK's NiTech®
nitrogen
rejection technology
has low capital
costs, low power
consumption and a
small footprint, according
to BCCK's
website. The site adds
that the process typically
achieves hydrocarbon
recoveries
above 99%.
areas are developed. Therefore, we decided
to invest a significant amount of
capital into our ability to process gas
with high concentrations of nitrogen, "
says Pinnacle Midstream Chief Operating
Officer Mike Hillerman. " We chose to
partner with BCCK because of its impressive
track record at the forefront of
innovation and commercial implementation
of nitrogen rejection facilities. "
For more information, visit
www.bcck.com.
❒
http://www.evolutionws.com http://www.evolutionws.com http://www.flotekind.com http://www.profrac.com http://www.bcck.com http://www.enerflex.com http://www.enerflex.com http://www.exterran.com
American Oil and Gas Reporter - February 2022

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