U.S. Well Services Finalizes Contract to Provide Power Generation Capacity in Mexico
June 22 2020 - 01:00PM
U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has
executed a contract to lease a turbine generator for peaking power
and other power generation needs to a customer in Mexicali,
Mexico. U.S. Well Services will deploy one of its PW Power
Systems FT8 MOBILEPAC® 30 megawatt mobile natural gas turbine
generators to Mexico and expects to place the unit into service
during the third quarter of 2020.
“I am pleased that U.S. Well Services will be
deploying its assets to provide power generation services for
customers outside the oil and gas industry. This contract is
a testament to the critical nature of our equipment and the
Company’s ability to diversify its business mix,” said Joel
Broussard, U.S. Well Services’ President and Chief Executive
Officer. “We believe there is a substantial market
opportunity for providing rapid-response, mobile power generation
services for a variety of end-users and look forward to continuing
to allocate our equipment in a manner that creates value for our
customers and shareholders.”
About U.S. Well Services, Inc.
U.S. Well Services, Inc. is a leading provider
of hydraulic fracturing services and a market leader in electric
fracture stimulation. The Company’s patented electric frac
technology provides one of the first fully electric, mobile well
stimulation systems powered by locally-supplied natural gas,
including field gas sourced directly from the wellhead. The
Company’s electric frac technology dramatically decreases emissions
and sound pollution while generating exceptional operational
efficiencies, including significant customer fuel cost savings
versus conventional diesel fleets. For more information visit:
www.uswellservices.com. Information on our website is not part of
this release.
Contacts:U.S. Well ServicesJosh ShapiroVice
President, Finance and Investor RelationsIR@uswellservices.com
Dennard Lascar Investor Relations(713)
529-6600USWS@dennardlascar.com
Source: U.S. Well Services, Inc.
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