American Power Group Corporation’s subsidiary, American Power Group Inc. (APG), has received an order valued between $400,000 to $500,000 to upgrade and convert twelve high pressure diesel engines used for hydraulic fracturing to APG’s S3000 Dual Fuel Turbocharged Natural Gas(R) system for a new fracturing rig customer operating in the Eagle Ford shale region of Texas.
APG provides natural gas conversion technology for vehicular, stationary and off-road mobile diesel engines. SourceOne Engine Equipment, LLC, one of APG’s domestic Dealer/Certified Installers booked the order with units to be shipped during the June 2014 quarter. While the end customer and the exact value of the order was not disclosed for proprietary reasons, APG believes the customer is among the top hydraulic fracturing and pressure pumping oil and gas service companies in the United States.
The Railroad Commission of Texas reports several of the major operators in the Eagle Ford include Anadarko, Apache, Atlas, EOG, Lewis Petro, Geo Southern, Petrohawk, Pioneer, SM Energy and XTO. Of these operators, APG says half have converted varying numbers of their oil and gas diesel engines to it’s S3000 Dual Fuel Turbocharged Natural Gas(R) system throughout North America.
Lyle Jensen, American Power Group Corporation’s Chief Executive Officer, stated, “This order caps a great month of May where we saw record vehicular dual fuel conversion orders from our WheelTime Network members for 40 systems from new customers, new regions (Oklahoma and Pennsylvania) as well as several multi-unit follow on orders.”
(Source: American Power Group Inc.)