{"id":414853,"date":"2021-01-14T08:04:06","date_gmt":"2021-01-14T13:04:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414853"},"modified":"2021-01-14T08:04:06","modified_gmt":"2021-01-14T13:04:06","slug":"halliburton-delivers-first-successful-grid-powered-fracturing-operation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/halliburton-delivers-first-successful-grid-powered-fracturing-operation\/","title":{"rendered":"Halliburton Delivers First Successful Grid-Powered Fracturing Operation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Halliburton Delivers First Successful Grid-Powered Fracturing Operation<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nHalliburton Company (NYSE: HAL) today announced it has successfully deployed the industry\u2019s first electric grid-powered fracturing operation. The job, being performed on several pads for <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cimarex.com%2FHome%2Fdefault.aspx&amp;esheet=52361662&amp;newsitemid=20210114005301&amp;lan=en-US&amp;anchor=Cimarex+Energy+Co&amp;index=1&amp;md5=83c21dfc819aac1b8b383d88013cb36c\"><span style=\"font-weight:normal\">Cimarex Energy Co<\/span><\/a>. (NYSE: XEC) in the Permian basin, started in November. To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance.\n<\/p>\n<p>\nGrid-powered electric fracturing offers an alternative path to achieving the lowest emissions profile possible compared to both turbines and Tier 4 dual fuel engines. Grid-powered electric fracturing also offers additional operational reliability and requires a lower capital outlay compared to turbines. Delivering a grid-powered fracturing solution is an example of Halliburton\u2019s commitment to leading in the energy transition by helping customers achieve lower emissions.\n<\/p>\n<p>\nCimarex Vice President &#8211; Permian Business Unit, Michael DeShazer, said, \u201cCimarex has focused its infrastructure investment on creating operational efficiencies and reducing emissions including ownership of the electrical grid on our Culberson and Reeves County acreage. These investments are enhanced by Halliburton\u2019s grid-powered fracturing operation. We look forward to the continued development of this technology with Halliburton across Cimarex\u2019s assets.\u201d\n<\/p>\n<p>\nHalliburton\u2019s electric-powered equipment is engineered to utilize the maximum power potential from the grid, allowing the customer to achieve pumping performance of 30 to 40 percent higher than with conventional equipment.\n<\/p>\n<p>\n\u201cElectric fracturing aligns with our goal to provide the industry with lower-carbon intensive solutions and our commitment to a sustainable energy future,\u201d said Michael Segura, vice president of Production Enhancement for Halliburton. \u201cWith Halliburton\u2019s leading electric fracturing capabilities, coupled with an innovative operator like Cimarex, grid power can offer one of the most effective and capital efficient solutions for electric fracturing.\u201d\n<\/p>\n<p><b>ABOUT HALLIBURTON<\/b><\/p>\n<p>\nFounded in 1919, Halliburton is one of the world&#8217;s largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir \u2013 from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.halliburton.com%2F&amp;esheet=52361662&amp;newsitemid=20210114005301&amp;lan=en-US&amp;anchor=www.halliburton.com&amp;index=2&amp;md5=fe4cfc0eb3deeb81f55b85bd36ed4dcd\"><span style=\"font-weight:normal\">www.halliburton.com<\/span><\/a>. Connect with Halliburton on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fhalliburton&amp;esheet=52361662&amp;newsitemid=20210114005301&amp;lan=en-US&amp;anchor=Facebook&amp;index=3&amp;md5=8d808aaed24f5951e83a956c97904d6e\"><span style=\"font-weight:normal\">Facebook<\/span><\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FHalliburton&amp;esheet=52361662&amp;newsitemid=20210114005301&amp;lan=en-US&amp;anchor=Twitter&amp;index=4&amp;md5=03d44368d701e6f09f7f4e0b7555a47c\"><span style=\"font-weight:normal\">Twitter<\/span><\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fhalliburton&amp;esheet=52361662&amp;newsitemid=20210114005301&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=5&amp;md5=80f452c4c3e4c7ea10c18387ebda7263\"><span style=\"font-weight:normal\">LinkedIn<\/span><\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fhalliburton%2F&amp;esheet=52361662&amp;newsitemid=20210114005301&amp;lan=en-US&amp;anchor=Instagram&amp;index=6&amp;md5=a427cf228f48b6fa4e96e74c0b084484\"><span style=\"font-weight:normal\">Instagram<\/span><\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Fuser%2FHalliburton&amp;esheet=52361662&amp;newsitemid=20210114005301&amp;lan=en-US&amp;anchor=YouTube&amp;index=7&amp;md5=8b4f05ab1a080050d64d7cc3ed434bb8\"><span style=\"font-weight:normal\">YouTube<\/span><\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210114005301r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210114005301\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210114005301\/en\/<\/a><\/span><\/p>\n<p><b>For Investors:<br \/>\n<\/b><br \/><span style=\"font-weight:normal\">Abu Zeya<br \/>\n<\/span><br \/><span style=\"font-weight:normal\">Investor Relations<br \/>\n<\/span><br \/><a rel=\"nofollow\" href=\"mailto:investors@halliburton.com\"><span style=\"font-weight:normal\">investors@halliburton.com<br \/>\n<\/span><\/a><br \/>281-871-2688\n<\/p>\n<p><b>For News Media:<br \/>\n<\/b><br \/>Erin Fuchs<br \/>\n<br \/>External Affairs<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:pr@halliburton.com\"><span style=\"font-weight:normal\">pr@halliburton.com<br \/>\n<\/span><\/a><br \/>281-871-2601\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy Other Construction &amp; Property Construction &amp; Property Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210114005301\/en\/24610\/3\/186HAL_sm.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Halliburton Delivers First Successful Grid-Powered Fracturing Operation HOUSTON&#8211;(BUSINESS WIRE)&#8211; Halliburton Company (NYSE: HAL) today announced it has successfully deployed the industry\u2019s first electric grid-powered fracturing operation. The job, being performed on several pads for Cimarex Energy Co. (NYSE: XEC) in the Permian basin, started in November. To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance. Grid-powered electric fracturing offers an alternative path to achieving the lowest emissions profile possible compared to both turbines and Tier 4 dual fuel engines. Grid-powered electric fracturing also offers additional operational reliability and requires a lower capital outlay compared to turbines. Delivering a grid-powered fracturing solution is an example of Halliburton\u2019s commitment to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/halliburton-delivers-first-successful-grid-powered-fracturing-operation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Halliburton Delivers First Successful Grid-Powered Fracturing Operation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414853","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Halliburton Delivers First Successful Grid-Powered Fracturing Operation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/halliburton-delivers-first-successful-grid-powered-fracturing-operation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Halliburton Delivers First Successful Grid-Powered Fracturing Operation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Halliburton Delivers First Successful Grid-Powered Fracturing Operation HOUSTON&#8211;(BUSINESS WIRE)&#8211; Halliburton Company (NYSE: HAL) today announced it has successfully deployed the industry\u2019s first electric grid-powered fracturing operation. The job, being performed on several pads for Cimarex Energy Co. (NYSE: XEC) in the Permian basin, started in November. To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance. Grid-powered electric fracturing offers an alternative path to achieving the lowest emissions profile possible compared to both turbines and Tier 4 dual fuel engines. Grid-powered electric fracturing also offers additional operational reliability and requires a lower capital outlay compared to turbines. 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The job, being performed on several pads for Cimarex Energy Co. (NYSE: XEC) in the Permian basin, started in November. To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance. Grid-powered electric fracturing offers an alternative path to achieving the lowest emissions profile possible compared to both turbines and Tier 4 dual fuel engines. Grid-powered electric fracturing also offers additional operational reliability and requires a lower capital outlay compared to turbines. 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