More Than 1 Billion Gallon Annual Fracking Market Offers Key Baseload Customer
for LNG Fuel Supply, Zeus Conference to Examine
HOUSTON, TX -- (Marketwired) -- 10/08/13 -- With more than 8,000
pressure pumping units spread across North America, hydraulic
fracturing has emerged as the next frontier for LNG fuel. Of the
eleven fleets currently using natural gas for fracking, six are doing
so with LNG (see earlier Frastory). On Oct. 31, the LNG-Fueled
Hydraulic Fracturing Seminar will evaluate this exciting trend and
its different opportunities for both users and LNG suppliers.
"For prospective LNG plant developers, the major fuel consumption and
concentrated nature of fracking spreads make them ideal anchor
customers," noted Zeus LNG-fuel analyst Siyu Chen. Prometheus
Energy's Randy Hull recently pegged the daily consumption of a
typical dual-fuel fracking spread at between "6,000 to 15,000 gallons
of LNG per day."
Average displacement of diesel in a dual-fuel fracking spread has
been reported by users like EQT Corporation to be approximately 60
percent. Insiders have reported annual savings of up to US$1.6
million from a single converted fracking spread.
Consequently, the market is targeted by prospective LNG fuel plant
developers. "Fuel demand from drill and frack rigs is a key reason
many plant developers like HEYCO, Linde, Encana, Noble and others are
locating plants near oil and gas production basins," Chen noted. Many
of these plants aim to produce between 100,000 and 300,000 LNG
gallons daily. Thus, four to 12 fracking spreads can baseload a
fuel-scale LNG plant.
To discuss the latest successes and advancements for this market,
senior leaders from Apache and Pioneer will join experts from
Prometheus Energy, Caterpillar and Linde in Houston, Oct. 31, in an
exciting seminar in LNG-fueled hydraulic fracturing. More information
is available at http://www.zeusintel.com/ZeusEvents/LNGShale.aspx or
by contacting Feh Yee Siow at (713) 952-9500.
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