All-electric fracking systems are starting to gain traction among natural gas producers. These systems are powered by natural gas directly from the well pad. Traditional fracking systems use diesel fuel, which is costly to purchase and transport. All-electric fracking systems can be significantly cheaper, quieter, and more environmentally friendly than their diesel counterparts.
Several major players have been using or testing the use of all-electric fracking systems recently, and they have seen millions of dollars in savings. This innovation represents a significant opportunity for fracking outfits with all-electric capabilities and for producers. Other stakeholders also benefit from the more environmentally friendly operation, not to mention the reduced noise pollution and truck traffic to and from the wellsite.
Established fracking service providers face risks if the technology becomes widely adopted because of their significant investment in traditional fracking systems. Conversion to an all-electric fracking fleet would be pricey, because all-electric units rely on natural gas turbines, which are significantly more expensive than the diesel motors that power traditional fracking units.
Producers will likely be eager to implement all-electric fracking systems as more data becomes available to support the benefits over traditional systems. Established fracking service providers will be reluctant to convert their fleets because of their investment in traditional fracking systems. Ultimately, market forces will determine how quickly all-electric fracking is adopted by the industry.
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