Flex Leasing Power and Service improves uptime by more than 5% for new Delaware Basin customer, resulting in significant production and value escalation.
DENVER, April 15, 2019) – Flex Leasing Power and Service, LLC, (FLPS) the leader in gas turbine power solutions for the oil and gas sector, today announced that a highly successful Exploration and Production (E&P) Company with operations in the Delaware Basin has expanded its contractual relationship with FLPS after realizing significantly greater uptime and production value from its initial trial site.
In December of 2018, a progressive,
cutting edge E&P Company who had been relying on typically unreliable utility power in the Delaware
Basin, sought innovative methods to help increase uptime and reduce lifting
costs at their many production sites. In consideration of a solution, the
E&P Company elected to install a FLPS power solution at one of its power-strained sites on a trial basis.
The wide fuel tolerance, modularity, reliability and on-site flexibility of the
Flex Turbine®make it uniquely suited for
operations located in remote areas with stressed utility infrastructure. The
FLPS solution deploys modular, gas-powered Flex
Turbines to fit remote power site needs and bypasses the need for utility
power. Three Flex Turbine units were installed and began delivering power to
the trial site.
Results from the trial quickly
demonstrated that FLPS’ solution was consistently delivering
a far greater uptime than what the E&P Company had been experiencing at
their Delaware Basin sites. The FLPS powered pad delivered 99.9% uptime,
whereas the E&P Company’s other utility powered locations were averaging 94% uptime.
The value of the more than 5% boost
in uptime easily translated into increased production for this E&P Company.
Not only were they able to avoid delays in production, but expensive equipment
replacements that typically result from unexpected losses of power were completely
avoided. Accordingly, within one fiscal quarter the E&P Company increased
deployment of the FLPS power solution, expanding from the initial test site to
four more production locations and adding another 3 MW of power from Flex Turbines. Additional sites are
targeted in the coming months with the E&P Company planning to install more
than 7 MW of FLPS power solutions to their operations.
About Flex Leasing Power and Service
Leasing Power and Service provides reliable, clean and simple field power solutions
to the oil and gas industry. Our high-performance, low-emission and high-uptime
gas turbine power solutions deliver the lowest cost of field power over the
life of the asset. Customized leasing packages for the Flex Turbine help operators secure reliable power,
reduce flaring, methane venting and air pollution at oil and gas facilities and
industrial plants without major capital investments. FLPS is headquartered in
Denver, Colorado, and has field locations in North Dakota, Texas, and Alberta, Canada.
Flex Leasing Power and Service Contact: Doug Baltzer, President Phone: (720) 573-7664 Email: Info@FlexLeasingPower.com Web: FlexLeasingPower.com