Prometheus Energy Advances LNG Fuel Solutions with Ensign United States Drilling

HOUSTON, May 12, 2014 /PRNewswire/ -- Prometheus Energy Group, Inc., a leading supplier of liquefied natural gas (LNG) to remote industrial sectors, and Ensign United States Drilling, Inc., today announced the successful deployment of three additional dedicated liquefied natural gas powered Automated Drilling Rigs (ADR®), operating in the DJ Basin of Colorado. These new projects supplement existing projects where the companies are collaborating, including rigs in Marcellus, mid-Continent and the Niobrara basins.  

The cutting-edge technology in these rigs allow Prometheus Energy and Ensign's mutual end customers to realize reduced fuel costs and improved key air emissions associated with the cleaner burning natural gas fuel. This strategic multi-year agreement further strengthens the growing relationship between the two market leaders in LNG fueled drilling. Prometheus Energy and Ensign are now jointly operating 12 dedicated natural gas fueled rigs throughout the United States, including operations in the Rockies, Midcontinent and Marcellus.

"Prometheus Energy is pleased to deliver this economically attractive and environmentally beneficial solution in partnership with an innovative market leader such as Ensign," said Jim Aivalis, Chief Executive Officer of Prometheus Energy.  "Our relationship, initiated in 2010 while leading the deployment of the first US based LNG fueled drilling rig, has only strengthened over the past four years, allowing the parties to deliver an optimized turnkey solution to our mutual end customers. We look forward to rapidly growing this already robust relationship."

"Prometheus Energy and Ensign are working together in order to more effectively control fuel costs while realizing the benefits of a cleaner environmental footprint," said Jim McCathron at Ensign.

Prometheus Energy allows customers in the oil & gas sector (such as Ensign) and other remote sectors including mine haul, process industry and remote power generation to more effectively control their fuel operating costs and environmental footprint. The company continues to develop and implement innovative LNG solutions that are environmentally friendly and operationally efficient in the rapidly growing off-road industrial markets.

About Prometheus Energy

Prometheus Energy is one of the largest and fastest growing suppliers of liquefied natural gas (LNG) to the industrial sector in North America.  Prometheus provides turnkey fuel solutions to convert industrial users of diesel, propane and other crude-derived fuels to clean, domestic, secure LNG, resulting in reduced fuel cost and environmental footprint.  The company is vertically integrated from LNG production through logistics, distribution, onsite equipment and field support. A pioneer in the industrial LNG market, Prometheus is recognized for its industry leadership. Prometheus Energy is privately held by Shell Technology Ventures Fund 1 B.V. and Black River Asset Management LLC, a wholly owned but independently managed subsidiary of Cargill.  For more information and to calculate fuel savings associated with LNG, please visit: www.PrometheusEnergy.com

About Ensign United States Drilling

"Ensign Energy Services Inc. is an industry leader in the delivery of oilfield services in Canada, the United States and internationally. Ensign is one of the world's leading land-based drilling and well servicing contractors serving crude oil, natural gas and geothermal operators. Additional services include directional drilling, rental equipment, managed pressure drilling, and production flow back units. Ensign's shares are listed on the Toronto Stock Exchange under the trading symbol ESI." www.ensignenergy.com

Laurie Nix Garberg
[email protected]

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SOURCE Prometheus Energy