Kinetik News

NexTier Announces the Launch of Its Power Solutions Natural Gas Fueling Services in the Permian Basin

HOUSTON, Aug. 2, 2021 /PRNewswire/ — NexTier Oilfield Solutions Inc. (NYSE: NEX) (“NexTier” or the “Company”) today announced the commercial launch of its Power Solutions division, a business dedicated to providing comprehensive fueling services to natural gas-powered fleets in the Permian Basin. With today’s announcement, NexTier takes another leap forward in our commitment to provide low-cost, low-carbon solutions to the oil and gas industry.

The addition of Power Solutions integrates the latest in compressed natural gas (CNG) supply and field-gas handling technologies with NexTier’s existing portfolio of natural gas-fueled completion services. This helps to reduce fuel costs and improve the Company’s overall environmental, social and governance (ESG) performance at the wellsite. It is accomplished by displacing a significant portion of carbon-heavy diesel with cleaner, more cost-effective natural gas fuel.

“As the only service company to provide alternative fuel supply as part of our integrated completions portfolio, NexTier’s goals are more closely aligned with those of our customers,” said Aaron Hilber, Vice President of Power Solutions at NexTier. “The key driver to achieving our mutual goals of reducing fuel costs and decreasing emissions is NexTier’s ability to maximize diesel displacement.”

Read the Full Article

Source: PR Newswire