FANG Teams With Halliburton & VoltaGrid to Deploy Electric Frac Fleets

Zacks12-16

Diamondback Energy, Inc. FANG, Halliburton HAL and VoltaGrid LLC have formed a strategic partnership to deploy four advanced electric simul-frac fleets across the Permian Basin. The Permian Basin, one...

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FANG, Halliburton HAL and VoltaGrid LLC have formed a strategic partnership to deploy four advanced electric simul-frac fleets across the Permian Basin. The Permian Basin, one...</p>\n\n<a href=\"https://finance.yahoo.com/news/fang-teams-halliburton-voltagrid-deploy-124500254.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0122376428.USD","symbol_name":"贝莱德世界能源基金A2","start_time":0,"source_url":"https://finance.yahoo.com/news/fang-teams-halliburton-voltagrid-deploy-124500254.html","article_id":"2491946516","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/pjZcB6BIzIvc7rauGNggEg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b4802547354c3806e98e5631b7820da6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491946516","pubTimestamp":1734353100,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Diamondback Energy, Inc. FANG, Halliburton HAL and VoltaGrid LLC have formed a strategic partnership to deploy four advanced electric simul-frac fleets across the Permian Basin. The Permian Basin, one of the largest and most productive oil fields in the world, has long been a center for energy exploration and production. This collaboration signals a major step forward in the industry’s transition toward cleaner and more efficient energy solutions, with the goal of enhancing sustainability while maintaining the highest operational standards.The partnership focuses on integrating Houston, TX-based oil and gas equipment and services provider HAL’s ZEUS 6,000-horsepower all-electric fracturing technology with VoltaGrid’s advanced power generation systems. 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FANG, Halliburton HAL and VoltaGrid LLC have formed a strategic partnership to deploy four advanced electric simul-frac fleets across the Permian Basin. The Permian Basin, one of the largest and most productive oil fields in the world, has long been a center for energy exploration and production. This collaboration signals a major step forward in the industry’s transition toward cleaner and more efficient energy solutions, with the goal of enhancing sustainability while maintaining the highest operational standards. \nGame-Changing Agreement for the Energy Sector\nThis innovative agreement involves VoltaGrid, an advanced energy management and generation company, delivering approximately 200 megawatts of electric power to support FANG’s field operations. The deployment of these electric simul-frac fleets represents not only a technological leap but also a significant investment in reducing emissions and improving the environmental footprint of oil and gas operations.\nThe partnership focuses on integrating Houston, TX-based oil and gas equipment and services provider HAL’s ZEUS 6,000-horsepower all-electric fracturing technology with VoltaGrid’s advanced power generation systems. This combination aims to deliver a high-performance, low-carbon solution specifically designed for the demanding environment of the Permian Basin. \nHAL’s ZEUS Electric Fracturing Technology\nAt the heart of this technological collaboration is HAL’s ZEUS platform, a cutting-edge, all-electric fracturing technology. The ZEUS system combines several innovative features, including electric pumping units, Octiv Auto Frac service and Sensori fracture monitoring service. These components work seamlessly together to provide precise, efficient and environmentally friendly hydraulic fracturing operations, marking a major advancement in fracturing execution.\nThe ZEUS electric fracturing technology drastically reduces the environmental impact of fracking operations by eliminating the need for traditional diesel-powered equipment. As a result, the system cuts down on both emissions and operational costs, offering a more sustainable and reliable solution for the oil and gas industry. \nVoltaGrid’s Power Infrastructure Expansion\nAs part of the agreement, VoltaGrid will deploy its next-generation simul-frac generators, designed to deliver the high capacity required for advanced electric frac operations. Additionally, VoltaGrid will enhance its compressed natural gas (“CNG”) infrastructure at FANG’s microgrid facility. This expansion ensures that VoltaGrid can provide a consistent supply of natural gas, especially when pipeline gas is not available. The integration of CNG infrastructure highlights the commitment to operational reliability and flexibility, while further minimizing the environmental impact.\nWith these upgrades, VoltaGrid guarantees a continuous, uninterrupted power supply, even in the most challenging operating conditions. This ensures that FANG, a Midland, TX-based oil and gas exploration and production company, can rely on a steady, efficient energy source for its field operations, thereby maximizing performance and reducing downtime. \nEnvironmental Impact and Sustainability Goals\nThe primary focus of this collaboration is to significantly reduce the environmental footprint of oil and gas operations. By integrating electric fracturing technology and advanced power systems, the three companies are setting a new standard in energy efficiency and environmental responsibility.\nHAL’s ZEUS system plays a key role in reducing carbon emissions by eliminating the need for diesel fuel in hydraulic fracturing. This transition to electric-powered equipment is a major advancement in the push for more sustainable energy practices within the Permian Basin. \nSustainability and Operational Excellence in the Permian Basin\nThe collaboration between FANG, HAL and VoltaGrid also aligns with the industry’s growing focus on sustainability. As global demand for clean energy solutions rises, companies like these are stepping up to provide cutting-edge technologies that not only enhance operational efficiency but also reduce the carbon footprint of the oil and gas industry.\nFANG’s commitment to sustainability is reflected in its long-term partnership with HAL and VoltaGrid, as well as the company’s investment in clean energy technologies. According to Danny Wesson, executive vice president and COO at Diamondback Energy, this collaboration enhances the company’s ability to drive efficiency while simultaneously reducing its environmental impact. Through the integration of these innovative solutions, FANG has been setting the stage for more sustainable and responsible oil and gas operations in the Permian Basin. \nVision for the Future: Industry-Wide Transformation\nThis agreement is not just a one-time project—it represents a vision for the future of energy production. By adopting electric fracturing technology, VoltaGrid’s power infrastructur, and HAL’s innovative platforms, this partnership has been setting the groundwork for a larger-scale transformation within the oil and gas sector.\nThis collaboration signals a shift toward more efficient, cost-effective and environmentally responsible energy solutions that can serve as a model for future projects across the world. As VoltaGrid continues to expand the company’s infrastructure and HAL refines its electric fracturing technologies, this agreement will likely pave the way for further innovations and partnerships that prioritize sustainability, efficiency and operational excellence. \nConclusion: A Strong Commitment to Clean Energy Solutions\nThe landmark agreement between FANG, HAL and VoltaGrid is a clear testament to the growing importance of clean and efficient energy solutions in the oil and gas industry. By leveraging electric frac technologies and advanced power generation systems, this collaboration is not only improving the operational efficiency of the Permian Basin but also significantly reducing its environmental impact. With a shared commitment to sustainability and technological innovation, these companies are leading the way toward a more responsible, high-performance future for the energy sector. \nFANG’s Zacks Rank & Key Picks\nCurrently, FANG and HAL each has a Zacks Rank #3 (Hold).\nInvestors interested in the energy sector might look at some better-ranked stocks like Targa Resources Corp. TRGP and Ovintiv Inc. OVV, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nTarga Resources is valued at $40.26 billion. In the past year, its shares have risen 114.7%. TRGP is a leading provider of midstream energy infrastructure services in the United States. It offers a wide range of services, including gathering, processing, transportation, storage and marketing of natural gas and natural gas liquids.\n\nOvintiv is valued at $10.55 billion. This company currently pays a dividend of $1.2 per share, or 2.96%, on an annual basis. OVV is an independent energy producer, which explores and churns out oil and natural gas from diverse assets located in the United States and Canada.\n\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHalliburton Company (HAL) : Free Stock Analysis Report\nDiamondback Energy, Inc. (FANG) : Free Stock Analysis Report\nTarga Resources, Inc. (TRGP) : Free Stock Analysis Report\nOvintiv Inc. (OVV) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491946516"}