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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

GE Receives Key EPA ‘Mobile Certification’ For Waukesha Natural Gas Engines For Oilfield Power Generation

GE (NYSE: GE) today announced the U.S. Environmental Protection Agency has certified two of the company’s Waukesha natural gas-fueled engine models for mobile, non-road applications. GE is able to offer a new, lower cost, lower emission choice for powering drill rigs and oilfield equipment in place of older diesel units as producers seek to meet the country’s increased demand for cleaner natural gas by developing unconventional oil and gas fields across the United States and Canada.

Powering a drill rig with natural gas instead of diesel fuel can result in up to 80 percent lower fuel costs for a producer. With diesel fuel prices remaining high compared to natural gas, Patterson-UTI Drilling had been looking to reduce fuel costs for producers, a major expense when operating their existing diesel-powered drilling rigs in West Virginia as well as other key gas-producing states. After considering various options, the firm selected GE’s innovative Waukesha gas engine technology.

“Now EPA-mobile certified and combined with the fact these engines run on produced site gas as well as other economically attractive gases, we are able to offer our customers significant cost savings because they do not have to purchase higher priced diesel fuel,” said Mike Garvin, senior vice president of operations support for Patterson-UTI Drilling.

As GE awaited the EPA’s decision to grant the mobile certification for its VHP engine family, Patterson-UTI Drilling replaced existing diesel systems with three Waukesha VHP L7044GSI gas engines at a well site in Harrison County, West Virginia—units that received EPA permit exemptions pending the agency’s mobile certification ruling. Patterson-UTI and GE are also working to replace additional diesel units with EPA-certified Waukesha L7044GSI-EPA engines in other locations in Ohio and Colorado.

Other companies making the switch to natural gas include Oklahoma City based Devon Energy, a leading independent oil and natural gas exploration and production firm. Devon Energy recently selected GE’s integrated Power to Lift TM solution, which combines power and grid technologies from across GE—including a Waukesha L5794GSI natural gas engine that also received an EPA permit exemption—to power electric submersible pump operations in the Mississippian formation near Oklahoma City.

The Patterson-UTI and Devon Energy projects demonstrate how GE’s Waukesha gas engines offer greater fuel cost savings and fuel flexibility for onsite power or mechanical drive uses in remote oilfields where reliable grid service is unavailable.

Stock quotes in this article: GE 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,262.56 +89.32 0.55%
S&P 500 1,842.98 +12.37 0.68%
NASDAQ 4,034.1610 +11.4670 0.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs