Liberty announced the commercial launch of Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on CNG supply, field gas processing and treating, and well site fueling and logistics. The oilfield is undergoing a generational technology shift in fuel use from diesel to clean burning natural gas, with Liberty at the forefront of this change.
Liberty’s suite of digiTechnologiesSM utilize natural gas to remotely generate electricity and power next generation digiFleetSM services. Dependable access to fuel is critical to maintaining highly efficient well site operations. LPI will supply this fuel to Liberty and the rest of the industry.
CNG and treated field gas are currently in limited supply. LPI deployed its inaugural field gas treating services for a key Haynesville customer in support of a Liberty frac fleet. To accelerate LPI’s expansion, Liberty announced the acquisition of Siren Energy (Siren), a Permian focused integrated natural gas compression and CNG delivery business.
Siren brings 16 MMcf per day of natural gas compression capacity at two expandable Permian sites and transportation, logistics, and pressure reduction services. Siren currently delivers fuel to customers in both the drilling and completions markets, and its logistics system is designed to deliver CNG, biomethane or hydrogen to remote locations.
Liberty was an early driver in the industry shift from diesel to natural gas technologies, deploying their first dual fuel fleet 10 years ago. Liberty’s digiTechnologiesSM build on a track record of innovation. LPI bolsters Liberty’s technology transition by vertically integrating fueling and power services.
“Liberty’s digiTechnologiesSM bring the highest thermal efficiency and lowest emissions solutions to the market. As we lead this technology transition, owning power generation and now the natural gas fuel supply for our fleets ensures execution at the highest level,” said Chris Wright, CEO. “LPI adds another critical component to our vertical integration strategy, alongside Liberty’s sand, logistics, design and manufacturing capabilities.”
“LPI exemplifies our strategy of investing for the future with high rate of return opportunities. Today’s accretive transaction accelerates this strategy by unlocking significant value with a faster, go-to-market approach for LPI to bring natural gas fuel to the oilfield, enabling lower well development costs for our E&P customers and higher profitability for our shareholders,” he added.
Source: Liberty Energy
