Archrock and EnerVest Announce Successful Field Pilot of Methane Capture Technology
01 Novembre 2022 - 10:26PM
Archrock, Inc. (NYSE:AROC) (“Archrock”) and EnerVest, Ltd.
(“EnerVest”) announced today the successful completion of a field
pilot of Archrock’s patent-pending methane capture technology on a
United Production Partners (UPP) gathering facility in the Barnett
Shale. EnerVest is the contract operator for UPP.
The field pilot comes following extensive
testing of the technology in a lab setting. Archrock’s methane
capture device is a solution for fugitive emissions reductions from
compressor operations, including unit blowdowns and compressor
packings. The device is a skid mounted solution for natural gas
powered and electric motor driven compressor packages for both
existing compression facilities as well as greenfield
locations.
“We are excited to advance our strategy of
assisting the oil and gas industry to reduce its methane intensity
with the development and commercialization of a state-of-the-art
methane capture technology for the compression industry,” said Brad
Childers, Archrock’s President and Chief Executive Officer. “In
particular, methane leak mitigation will be critical in solidifying
the important role natural gas will continue to play in meeting the
growing need for cleaner energy. The potential value of this
technology is further enhanced in light of the recent passage of
the Inflation Reduction Act of 2022.
“This is an important milestone for our company
and I am extremely proud of our new ventures team for their
dedication to designing, engineering and successfully testing a
technology that has the potential to be a game-changer for methane
capture in the industry. This technology is complementary and value
enhancing to our core contract compression services as many of our
customers commit to emission reduction strategies and seek
responsibly sourced gas certifications. We believe this is a unique
technology, with the ability to cost-effectively capture methane on
existing infrastructure as well as new facilities while allowing us
to maintain our commitment to maximize customer uptime. As a
long-term customer, EnerVest was an ideal partner for a pilot. In
addition, we have already engaged with multiple customers across
all basins on the technology, have received positive reception and
look forward to commencing full marketing efforts during the fourth
quarter,” Childers concluded.
Levi Maurer, Vice President of Operations at
EnerVest, said, “We were happy to partner with Archrock in the
evaluation of this cutting-edge methane capture technology as we
actively look for solutions to reduce our emissions footprint. In
our 30 years as an operator across various basins, EnerVest has
consistently maintained a commitment to safety and environmental
stewardship and we believe solutions like this are necessary to
ensure the long-term sustainability of the oil and gas
industry.”
About Archrock
Archrock is an energy infrastructure
company with a primary focus on midstream natural gas compression
and a commitment to helping its customers produce, compress
and transport natural gas in a safe and environmentally responsible
way. Headquartered in Houston, Texas, Archrock is the
leading provider of natural gas compression services to customers
in the energy industry throughout the U.S. and a leading
supplier of aftermarket services to customers that own compression
equipment. For more information on how the Company embodies its
purpose, WE POWER A CLEANER AMERICA,
visit www.archrock.com.
About EnerVest
Houston-based EnerVest, founded in 1992,
acquires, develops and operates oil and gas on behalf of partners.
EnerVest is currently the contract operator for United Productions
Partners. More information about EnerVest and United Production
Partners is available at www.enervest.net and www.unitedpp.com
Forward-Looking Statements
This press release includes “forward-looking
statements” as defined by the Securities and Exchange
Commission. All statements, other than statements of historical
fact, included herein that address activities, events, developments
or transactions that Archrock expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially from
expectations, including the possibility that the anticipated
benefits from such activities, events, developments or transactions
cannot be fully realized, the possibility that costs or
difficulties related thereto will be greater than expected, the
impact of competition, and other risk factors included in
Archrock’s reports filed with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of their
dates. Except as required by law, Archrock does not intend to
update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise.
For information, contact:
Megan RepineVice President, Investor
Relations(281) 836-8360investor.relations@archrock.com
Archrock (NYSE:AROC)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Archrock (NYSE:AROC)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024