Capstone Turbine Corp. (Nasdaq: CPST) received an order for 15 C65 microturbines for shale oil and gas customers in the United States.
Horizon Power Systems, Capstone’s exclusive oil and gas distributor for the Eagle Ford, Permian, Barnett, Mancos, San Juan, and Wattenberg Shale plays, secured the order to support continued success in the U.S. shale oil and gas market. The order will serve various facets of the shale oil and gas production process including powering central processing stations.
Due to a significant growth in demand for liquefied natural gas, the U.S. Energy Information Administration’s (EIA) predicts that the U.S. will become a net exporter of natural gas in just a few years. This growth enables oil and gas producers to invest in more efficient and environmentally-friendly power generation solutions.
Shale plays have become a major focus for Capstone going into 2015. Using the company’s ultra-low emission, low maintenance, and reliable microturbines, oil & gas operations are able to operate more efficiently and for longer periods of time than typical reciprocating engine generators.
Capstone microturbines can be used in all phases of oil and gas production including upstream, midstream, and downstream operations in both onshore and offshore applications. Since many of these operations are situated in remote locations, Capstone microturbines align perfectly with the needs of oil and gas businesses to ensure they are successful in bringing natural gas to market.
“Stability and reliability are key selling factors as we continue to penetrate the U.S. oil and gas shale markets, and we hope to continue to grow our business by expanding our Capstone market share even in a tight natural resource market,” said Sam Henry, President of Horizon Power Systems. “Capstone microturbines continue to become a preferred power generation option for oil and gas producers that want a stable and reliable solution to optimize their on-site performance and reduce operational costs,” added Henry.