WASHINGTON COUNTY, Pa., August 4, 2015 – Range Resources (NYSE:RRC) and FTS International (FTSI) have successfully partnered on an initiative to use clean-burning natural gas from producing gas wells to power an entire pressure pumping fleet, yielding several environmental benefits. To date, FTSI has completed 15 wells and a total of 365 stages for Range Resources using this fleet.
FTSI’s new fleet uses a technology called dual fuel, where the pressure pumping engines operate on a mixture of natural gas and a small portion of diesel. The dual fuel engines can displace up to 65 percent of the diesel fuel traditionally used to operate pressure pumping equipment.
The benefits of this technology include:
- Reduced air emissions for a cleaner environment, due to a reduction in diesel usage
- Reduced truck traffic when field gas at or near the well site is used (reduces transportation of diesel fuel to site)
- Reduced costs, as natural gas can be a less expensive fuel option than diesel, providing potential cost savings for the industry and for energy consumers
Range Resources Executive Vice President and Chief Operating Officer Ray Walker commented, “In today’s environment, improving operational efficiencies is critical. This growing technology not only allows Range to improve our well economics but it allows for the use of a clean burning fuel. Advances like these are how we as an industry have been able to reduce emissions from natural gas production by 38% since 2005, according to the EPA.”
FTSI CEO Greg Lanham said, “We are pleased to offer this technology in a dedicated fleet to Range Resources. This solution is not only environmentally conscious, but also helps us be more operationally efficient, delivering exceptional uptime and reliability during hydraulic fracturing operations. FTSI is privileged to work with market leaders like Range that are early adopters of this type of technology.”
ABOUT RANGE RESOURCES(NYSE:RRC)
Range Resources is a leading independent oil and natural gas producer with operations focused in Appalachia and the Midcontinent region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.
ABOUT FTS INTERNATIONAL
FTS International (www.ftsi.com) is the largest private well completion service company in North America. The company provides well completion services, including pressure pumping, wireline and reservoir optimization technologies. Exploration and production companies use FTSI’s products, services and expertise to enhance recovery rates from oil and gas wells, primarily in unconventional plays.