BJ Services and Atheon ink contract for next-gen gas fueled frac fleet

TOMBALL, TEXAS - BJ Services has entered into a multi-year contract with Aethon Energy for the deployment of the Company's first TITAN next-generation fracturing fleet in the Haynesville shale.

Powered by a direct drive natural gas-fueled turbine, the first TITAN prototype pump has completed more than 500 hours of field testing on Aethon Haynesville well locations this year. The first TITAN fleet will deploy in Q4 2020, which will launch the beginning of the Company's next-generation fleet strategy.

"The launch of the TITAN will allow us to make significant progress on our commitment to reducing carbon emissions, increasing operational efficiencies, and improving the economics for our clients," said Caleb Barclay, Chief Operating Officer of BJ Services. "We are proud to partner with a company that shares our vision surrounding continuous improvement and know that this next generation equipment will prove to be a step-change to the impact it will have on the environment, efficiency, and economics for Aethon's operation. Aethon's excellent leadership and operational track record speak to the quality of the work we expect to do together over the next four years."

The TITAN, fueled 100 percent by natural gas, provides up to 5,000 Horsepower while supporting the reduction of greenhouse gas emissions, reduced operating costs, improved mobility, and reliable operations. The next-generation pump also meets the most stringent noise reduction requirements across North America.

Aethon, a Dallas-based private investment firm and owner-operator of onshore oil & gas assets, is a leader in the industry for improving operating efficiencies and investing in ESG initiatives.

"The natural gas-powered TITAN fleet developed by BJ Services will deliver performance aligned with Aethon's cost and ESG goals," said Paul Sander, Chief Operating Officer & Partner. "Ultimately, larger pumps with fewer pumping units will reduce our footprint and result in structural cost savings for pumping services. We are excited to partner with BJ Services and are pleased with their willingness to provide innovative solutions in this next-generation technology."