NGPMR
EMGTX
NGPMR
NGPMR
 
NGPMR
FOR IMMEDIATE RELEASE

Statoil Awards Ferus LP major CO2 Service Contract in North Dakota

Use of CO2 in Statoil's Bakken hydraulic fracturing operations expected to increase oil recovery while significantly reducing amount of water used.

HOUSTON, April 21, 2015 /PRNewswire/ -- Statoil, an innovative international energy company, has demonstrated environmental and economic leadership by awarding a major carbon dioxide (CO2) supply and service agreement to Denver-based Ferus LP (Ferus), the premier provider of energized fluids (liquid CO2 and liquid nitrogen (N2)) to the North American oil and gas industry.

The liquid CO2 will be used in a test well to evaluate the potential production uplift and partially replace water in a large multi-stage hydraulic fracturing operation in a horizontal oil well. In addition to CO2 supply, Ferus, specialists in the off-road movement of industrial gases, will provide transportation, logistics, storage, and on-site supervision. The service agreement also includes the deployment of a membrane technology that separates the CO2 from the produced gas to reduce the extent of flaring.

This CO2 stimulation test is one of several projects under Powering Collaboration – the joint technology program between Statoil and GE aimed at accelerating the development of sustainable energy solutions. The use of CO2 as an energized fluid is common in the Western Canadian Sedimentary Basin but this will be the first major application of liquid CO2 to displace slickwater during the hydraulic fracturing process in the Bakken.

"Ferus is pleased to partner with a progressive and environmentally conscious company like Statoil to introduce CO2-based energized fracturing into the Bakken," says Murray Reynolds, P.Eng., Director of Technical Services at Ferus. "This single job will conserve thousands of barrels of fresh water and is expected to enhance well productivity," added Lionel Ribeiro, PhD, Researcher Drilling and Well Technology with Statoil Gulf Services.

In collaboration with the University of Texas at Austin (Joint Industry Project on hydraulic fracturing), Ferus and Statoil have demonstrated through numerous technical studies on North American reservoirs the potential for CO2 to enhance well productivity, while significantly reducing fresh water usage.

The proposed CO2-assisted stimulation design has been further tailored for the Bakken formation to optimize the production uplift.

This contract represents the second major partnership between Statoil and the Ferus Group of Companies in the Bakken. In September, 2014, Statoil, GE and Ferus Natural Gas Fuels LP (Ferus NGF) announced the commercial expansion of a pilot project to capture flare gas and use it to power Statoil's oil and gas operations in North Dakota. The Ferus NGF-GE joint venture solution is helping Statoil and other E&P companies greatly reduce flaring and monetize previously wasted gas by capturing it and using it to economically fuel their own operations.

About Statoil

Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway with approximately 23,000 employees worldwide, and are listed on the New York and Oslo stock exchanges.

About Ferus

Ferus Inc. and Ferus LP, privately-held by the Energy & Minerals Group and part of the Ferus Group of Companies, deliver integrated solutions to the energy industry for well stimulation, well completions and enhanced oil recovery applications. Ferus provides a dedicated supply of energized fluids (liquid CO2 and N2), as well as the related logistical and operational services to deliver those products to our customers in the energy industry, no matter how complex or remote the terrain. Ferus Inc. and LP currently own and operate eight CO2 and N2 plants, which are strategically located throughout the Western Canada Sedimentary Basin, north-eastern U.S. and U.S. Rockies, as well as a fleet of over 300 transportation and storage assets that are specifically designed for oilfield operations.

Sister companies Ferus Natural Gas Fuels Inc. and LP provide end-to-end liquefied natural gas (LNG) and compressed natural gas (CNG) fueling services including liquefaction, compression, transportation, storage and delivery to our customers in all end-use high horsepower industries. For more information, visit www.ferus.com.

About The Energy & Minerals Group

EMG is the management company for a series of specialized private equity funds. The Firm was founded by John Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $15.5 billion of regulatory assets under management (RAUM) and approximately $8.2 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.

For more information, contact:

Kirsten Henriksen
Statoil
+1 713 269 8927
KHEN@statoil.com
Blaire Lancaster
Ferus
+1 403 605 9755




 

EMGTX
  08-07-17

Tallgrass Energy Partners Acquires Powder River Oil Gathering System, Continues to Expand Service Offerings in the Basin

 
  06-28-17

ExxonMobil, Eagle LNG Partners LLC and Crowley Sign Liquefied Natural Gas (LNG) Collaboration Agreement

 
  05-01-17

Permian Resources Announces Consensual And Transformational Restructuring Transaction

 
  04-24-17

Rating Action: Moody's Upgrades EMG Utica, LLC to B1

 
  04-05-17

Ascent Resources Utica Holdings, LLC Announces Closing Of $1.5 Billion Offering Of 10.00% Senior Notes

 
  04-03-17

Tallgrass Energy Partners Acquires Approximate 25 Percent Interest in Rockies Express Pipeline

 
  02-06-17

Energy Transfer Announces Receipt of FERC Certificate for Construction of Rover Pipeline

 
  01-03-17

Tallgrass Energy Partners Acquires Tallgrass Terminals and the Operator of Rockies Express Pipeline

 
  12-06-16

Medallion Midstream Services Announces Southern Delaware Basin Crude Oil Pipeline

 
  11-21-16

Jupiter Mines to Distribute US $55 Million to Shareholders

 
  11-16-16

Ascent Resources, LLC Announces The Closing Of A $787 Million Equity Raise And Retirement Of Approximately $774 Million Of Debt Of Ascent Resources -- Utica, LLC

 
  11-15-16

Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. Announce Closing of Simplification Transactions

 
  11-10-16

Ascent Resources, LLC Announces A $787 Million Equity Raise And Retirement Of Approximately $774 Million Of Debt Of Ascent Resources - Utica, LLC

 
  07-01-16

White Star Petroleum, LLC Closes On Acquisition Of Mississippi Lime And Woodford Shale Assets; Announces Completion Of Recapitalization Initiatives And Key Executive Appointments

 
  04-26-16

Lodestar Energy Group Announces New Multi-Modal Site at Gulf Inland Logistics Park

 
  04-20-16

American Energy - Woodford, LLC Formalizes Name Change To White Star Petroleum, LLC With Key Executive Appointments And Announces Transformative Acquisition Of Mississippi Lime And Woodford Shale Assets From Devon Energy Corporation

 
  03-29-16

Medallion Announces Successful Close of Binding Open Season for the Howard Lateral Crude Oil Pipeline

 
  03-29-16

Tallgrass Development Announces Agreement to Acquire Additional Interest in Rockies Express Pipeline

 
  03-23-16

American Energy - Permian Basin, LLC Formalizes Name Change to Permian Resources, LLC and Finalizes Transition to a Standalone Company with Key Executive Appointments

 
  03-14-16

Ascent Resources, LLC Announces A $500 Million Equity Raise

 
  03-03-16

The Energy & Minerals Group Comments On the Tragic Death of Aubrey K. McClendon

 
  02-26-16

Coronado IV LLC Announces the Signing of Definitive Purchase Agreement Covering Acquisition of buchanan Mine and Certain Reserves from Consol Energy

 
  02-04-16

Record-Breaking CO2 Well Stimulation Yields Outstanding Results

 
  01-28-16

Plains All American Pipeline, L.P. Announces Closing of $1.6 Billion Private Placement of 8% Perpetual Series A Convertible Preferred Units

 
  01-26-16

Eagle LNG Partners Submits Application with the US Department of Energy to Engage in LNG Exports

 
  01-21-16

Ascent Resources - Utica, LLC And ARU Finance Corporation Announce Offer To Exchange Outstanding 3.50% Convertible Subordinated Notes Due 2021 For New 3.50% Convertible Subordinated Notes Due 2021 And New Junior Secured Loans Due 2019

 
  01-12-16

Plains All American Pipeline, L.P. Announces $1.5 Billion Private Placement Of 8% Perpetual Series A Convertible Preferred Units

 
  01-08-16

NGL Energy Partners LP Announces Transaction with ArcLight Capital Partners

 
  01-04-16

Tallgrass Energy Partners Acquires Additional Interest in Pony Express Pipeline

 
  12-16-15

Crowley Selects Eagle LNG as Marine Fuel Provider for New, LNG-Powered Ships

 
  12-04-15

MPLX and MarkWest announce successful completion of combination and director and executive appointments

 
  11-19-15

American Energy - Permian Basin, LLC Announces Pricing of $530 Million of Senior Secured First Lien Notes Due 2020

 
  08-03-15

American Energy Partners, LP Announces the Hiring of Elliot J. Chambers as the Chief Financial Officer of American Energy Woodford, LLC, American Energy Minerals, LLC and American Energy NonOp, LLC

 
  07-13-15

MPLX LP and MarkWest Energy Partners, L.P. Announce Strategic Combination, Creating Fourth-Largest MLP

 
  06-23-15

American Energy - Midstream, LLC Announces Name Change To Traverse Midstream Partners LLC

 
  06-09-15

American Energy Appalachia Holdings, LLC Announces Name Change To Ascent Resources, LLC; American Energy - Utica, LLC Announces $407 Million Asset Sale And $977 Million Equity And Debt Financing

 
  06-08-15

American Energy Woodford, LLC Announces Early Participation Deadline Results of its Offer to Exchange its Outstanding 9.00% Senior Notes Due 2022 for its New 12.00% Second Lien Notes Due 2020

 
  06-04-15

American Energy -- Permian Basin, LLC Announces Completion of $295 Million Offering of 8.00% Senior Secured Second Lien Notes

 
  05-27-15

American Energy - Woodford, LLC Announces Offer To Exchange Outstanding 9.00% Senior Notes Due 2022 For New 12.00% Second Lien Notes Due 2020

 
  05-06-15

Tallgrass Energy GP, LP Prices Initial Public Offering

 
  04-21-15

Statoil Awards Ferus LP major CO2 Service Contract in North Dakota

 
  04-14-15

American Energy - Utica, LLC and The Energy & Minerals Group Announce Confidential Settlement of Lawsuit Filed by Chesapeake Energy Corporation

 
  02-17-15

American Energy Utica, Llc And The Energy & Minerals Group Respond To Meritless Chesapeake Energy Corporation Lawsuit

 
  01-26-15

American Energy Partners, LP Announces the Hiring of Jennifer M. Grigsby as the Chief Financial Officer of American Energy - Woodford, LLC and American Energy - Minerals Holdings, LLC

 
  01-19-15

American Energy Partners, LP Announces The Hiring Of David C. Shiels As The Chief Executive Officer Of American Energy - Midstream, LLC

 
  01-13-15

American Energy Partners, LP Announces Jeffrey A. Fisher Has Been Named Chief Executive Officer of American Energy Appalachia Holdings, LLC

 
  01-05-15

American Energy – Utica, Llc And American Energy – Marcellus, Llc Announce Combination

 
  12-10-14

EMG CEO and Co-Founder John Raymond interviewed on CNBC

 
  12-03-14

Cliffs Natural Resources Inc. Enters into a Definitive Agreement to Sell its Logan County Coal to Coronado Coal II LLC.

 
  12-03-14

Eagle LNG Pre-Filing Request Approved

 
  12-01-14

American Energy Minerals Holdings, LLC (AEMN) Raises $500 Million Of Equity Commitments To Acquire Minerals And Overriding Royalty Interests In Various Onshore U.S Basins

 
  11-14-14

Plains All American Pipeline, L.P. Completes Acquisition of 50% Interest in BridgeTex Pipeline Company from Occidental Petroleum Corporation

 
  11-12-14

American Energy –Nonop, Llc Acquires 1,800 Boe Per Day Of Net Production In A Series Of Acquisitions, Most Significantly From Double Eagle Energy Holdings Llc, In The Scoop And Stack Resource Plays In Southern And Central Oklahoma

 
  11-06-14

Plains All American Pipeline, L.P. Enters into Agreement to Acquire 50% Interest in BridgeTex Pipeline Company from Occidental Petroleum Corporation

 
  10-24-14

MarkWest Energy Partners Increases Quarterly Cash Distribution and 2014 Distributable Cash Flow Forecast

 
  09-23-14

Baffinland Begins Mining Iron Ore

 
  09-22-14

MarkWest Utica EMG, L.L.C. and Ohio Gathering Company, L.L.C. Announce Definitive Agreements with American Energy – Utica, LLC

 
  09-10-14

Statoil, GE and Ferus Natural Gas Fuels Expanding Flare Gas Solution in Bakken

 
  08-21-14

EMG portfolio company Ferus Natural Gas Fuels featured on CNBC

 
  08-07-14

Regency Energy Partners and American Energy – Midstream, LLC Enter Into Joint Venture

 
  08-05-14

American Energy – Utica, LLC and American Energy - Marcellus, LLC Announce Closing of Utica and Marcellus Acquisitions, $250 Million of Convertible Subordinated Notes and $1.2 Billion of Term Loans

 
  08-01-14

American Energy Permian Basin, LLC Announces Closing of Permian Basin Acquisition and $1.6 Billion Senior Notes Offering

 
  07-21-14

MarkWest Completes Two Large Scale Facilities in the Northeast, Resumes Operations of Houston III Plant & for the Third Consecutive Period Achieves Top Honor for Midstream Customer Satisfaction

 
  07-02-14

NGL Energy Partners LP Announces Completion of Acquisition of TransMontaigne GP and Related Assets

 
  06-09-14

NGL Energy Partners LP Signs Purchase Agreement to Acquire TransMontaigne GP and Related Assets

 
  06-09-14

American Energy – Permian Basin, LLC Agrees to Acquire 63,000 Net Acres of Southern Permian Basin Leasehold and 16,000 BOE Per Day of Net Production from Enduring Resources, LLC for $2.5 Billion

 
  06-09-14

American Energy – Utica, LLC and American Energy– Marcellus, LLC Agree to Acquire 75,000 Net Acres and 175 MMCFE Per Day of Net Production in the Southern Utica and Southern Marcellus Shale Plays from East Resources, Inc. and an Unnamed Private Company for $1.75 Billion

 
  12-20-13

MarkWest and The Energy & Minerals Group Announce Definitive Agreements with Gulfport Energy for the Development of Comprehensive Condensate Solutions in the Utica Shale and the Formation of a New Joint Venture

 
  11-19-13

New Joint Venture Advances Natural Gas Fueling Market In Canada

 
  10-09-13

American Energy - Utica, LLC Raises Approximately $1.7 Billion of Equity and Debt Financing to Acquire and Develop an Initial Utica Shale Leasehold Position of Approximately 110,000 Net Acres

 
  09-18-13

Clean Energy, Ferus Natural Gas Fuels, GE Join Forces to Jointly Deliver Liquified Natural Gas

 
  09-13-13

Baffinland Announces Construction Decision for Mary River Project

 
  09-06-13

Baffinland and Qikiqtani Inuit Sign Mary River Agreements

 
  09-06-13

Lighthouse Oil & Gas LP Announces Closing of Acquisition of Oil and Gas Properties in the Anadarko Basin of Western Oklahoma

 
  08-07-13

Kinder Morgan, MarkWest Utica EMG Announce Plans to Form Joint Venture to Support Northern Ohio Rich-Gas Development and NGL Takeaway from the Utica and Marcellus Shale Resource Plays

 
  08-06-13

NGL Energy Partners LP Announces Election of New Director

 
  08-20-12

Tallgrass Energy Partners, LP to Acquire Significant Midstream Assets from Kinder Morgan Energy Partners, L.P.

 
  05-21-12

NGL Energy Partners LP Announces Merger with High Sierra Energy LP

 
NGPMR
copyright