Eco-Stim Energy Solutions, Inc. (ticker: ESES) reported today that it has agreed to provide its primary customer in the STACK with additional dedicated horsepower and equipment, including natural gas-powered pumping units. The company refers to this collaborative plan as a “super fleet.”
According to the company’s most recent investor presentation, Eco-Stim has a total capacity of ~168,000 HHP, including 53 operational pumps and 20 additional pumps subject to refurbishment and/or upgrades prior to activation.
This collaboration is a plan to improve efficiency as Eco-Stim’s customer moves forward with a heavier concentration of multi-well pads and zipper fracs. The company said that this approach is expected to increase Ecostim’s monthly stage counts from Q1 2018 levels, while reducing the company’s overall operating costs and increasing profitability.
CEO J. Chris Boswell said, “We completed 166 stages with Fleet #1 and Fleet #2 during the first 50 days of the second quarter and believe the “super fleet” concept will allow the company to increase its average monthly stage counts going forward.”
Eco-Stim Energy Solutions will present at the EnerCom conference in Denver
Eco-Stim Energy Solutions will be presenting at the 23rd annual edition of The Oil & Gas Conference®. The conference will take place August 19-23, 2018, at the Westin Denver Downtown. Investment and oil and gas professionals may register for the conference on the website.
