This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE’s Trailer-Mounted TM2500+ Gas Turbine Selected For Unconventional Gas Demonstration Project In Canada

Oilfield technology company Evolution Well Services has selected GE’s (NYSE: GE) trailer-mounted, TM2500+ aeroderivative gas turbine for a milestone on-site power project in Canada. The project will demonstrate the mobile natural gas technology’s emissions-reduction and operational efficiency advantages over conventional diesel engines for hydraulic fracturing in unconventional gas fields. GE made the announcement at Evolution Well Services’ Hybrid Powered Fracturing Event held today in Lethbridge, Alberta, Canada.

( Click here for an EWS site photograph that shows the GE TM2500+ at work in Lethbridge.)

Based in Calgary, Evolution Well Services is an oilfield technology company that provides mobile, modular, electric-powered high-pressure pumping systems for use in hydraulic fracturing. The company recently signed a three-year rental contract with GE to use the 25-megawatt (MW) TM2500+ unit to generate on-site power—first at a demonstration project near Calgary and then to support commercial operations in Alberta and British Columbia.

Known throughout the global power industry as the “power plant on wheels,” the TM2500+ provides fast, flexible distributed power by combining high efficiency and fuel flexibility, coupled with lower emissions in both the 50- and 60-hertz segments.

“We selected the TM2500+because it provides a mobile, natural gas-fueled power generation source for a new method of hydraulic fracturing that eliminates the use of diesel engines, resulting in lower emissions and lower operating costs, in terms of fuel savings and field personnel, as well as a reduced footprint at many of the well sites that we’ll be working,” said Eldon Schelske, president, Evolution Well Services.

“Evolution Well Services’ selection of our TM2500+ aeroderivative gas turbine reflects a growing trend within the global oil and gas industry to deploy more efficient and cleaner on-site power solutions that make unconventional oil and gas projects more economically and environmentally viable,” said Lance Hall, general manager, PowerXpand—aeroderivative gas turbines for GE Power & Water.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,978.25 -56.68 -0.31%
S&P 500 2,102.13 +1.73 0.08%
NASDAQ 5,019.6940 +25.0920 0.50%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs