Wednesday, May 15, 2024

U.S. Well Services Announces New Contract with Callon Petroleum

U.S. Well Services announced it has entered into a contract to provide electric pressure pumping services for the operating subsidiaries of Callon Petroleum Company (“Callon”) in the Permian Basin and the Eagle Ford Shale for up to three years.

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“We are excited to support Callon Petroleum long-term completion program and build off of our shared success from the field trial earlier this year where Callon eliminated 270,000 gallons of diesel fuel needs, reduced greenhouse gas (“GHG”) emissions, and delivered over 160 frac stages in a safe and efficient manner,” said Joel Broussard, U.S. Well Services‘ President and CEO. “Callon is a premier E&P operator, and the decision to contract an all-electric Clean Fleet as part of their completion program demonstrates Callon’s commitment to environmental stewardship, safety and efficiency. We look forward to delivering best-in-class performance, GHG emissions reductions and industry-leading fuel cost savings.”

Jeff Balmer, SVP and Chief Operating Officer commented, “Callon is committed to safe, efficient, and sustainable development of our expansive multi-zone asset base. The achievements of our E-frac pilot earlier this year proved that US Well Services is a highly capable completion partner that can help us advance our sustainability efforts, while delivering the reliability and operational performance we have come to expect from top-tier service vendors. We look forward to having them as part of our completion program in 2022.”

U.S. Well Services, Inc. is a leading provider of hydraulic fracturing services and a market leader in electric fracture stimulation. The Company’s patented electric frac technology provides one of the first fully electric, mobile well stimulation systems powered by locally-supplied natural gas, including field gas sourced directly from the wellhead. The Company’s electric frac technology dramatically decreases emissions and sound pollution while generating exceptional operational efficiencies, including significant customer fuel cost savings versus conventional diesel fleets.

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