Pioneer Energy Secures $27 Million for Methane Emission Projects

Pioneer Energy Secures Funding for Innovative Projects

Pioneer Energy, a leading name in oil production technology, has announced a significant achievement after being selected by the Department of Energy for a series of grants totaling $27 million. This funding will support four distinct projects aimed at advancing the company’s Emission Control Treater™ (ECT), an innovative technology designed to drastically reduce emissions in oil production.

Enhancing Emission Control with Advanced Technology

The ECT represents a breakthrough in the oil extraction process. It operates as a closed system, meaning that it processes crude oil without the need for routine flaring or atmospheric storage tanks. This technology enhances the separation process, ensuring there is no flash gas left in the crude or significant heavier natural gas liquids remaining in the gas. The ECT is equipped with cloud-connected automation, enabling operators to monitor and control operations remotely via a centralized dashboard, which helps reduce labor hours and maintenance costs while improving efficiency.

Modular Design for Flexibility

One of the standout features of the ECT system is its modularity, allowing operators to adjust equipment sizes seamlessly during the well pad’s operational life. This flexibility contributes to better capital expenditure (CAPEX) utilization, making it an attractive solution for operators seeking efficient oil extraction methods with a lower total cost of ownership over time.

Projects Targeting Emission Reduction Strategies

The contributions from these grants will enable the company to conduct extensive demonstrations of the ECT across various oil producer well pads. Collaboration with the Colorado School of Mines and Montrose Environmental Group will ensure rigorous third-party evaluations of methane emissions reductions achieved during these trials.

Overview of Funded Projects

Below are descriptions of the four projects receiving funding:

• Commercial Scale Turnkey Near Zero Emissions Facility: This $10 million award from the Office of Fossil Energy and Carbon Management (FECM) will fund the scaling up of the ECT from a pilot system to a commercial level of 2,500 barrels per day (BPD). Units will be deployed with Bayswater Exploration & Production and Prairie Operating for six-month field trials.
• Zero-Emission Sweetening & Stabilization Production Facilities: Pioneer is set to receive a $6 million award aimed at adapting the ECT to work with sour crude oil processing in collaboration with Bayswater Exploration and Production.
• Zero-Emission Drop-In Replacement Production Facilities: This $5 million grant seeks to develop mini-ECT systems as cost-effective solutions for marginal wells. Projects will be implemented on sites operated by Diversified Energy Company in East Texas.
• Methane Emission Mitigation through Onsite Methanol Synthesis: The final $6 million award will support a collaboration with Emvolon, Inc. to utilize gas-to-liquids technology for converting flare gas to methanol.

CEO's Vision and Commitment to Energy Security

Pioneer Energy’s CEO, Eyal Aronoff, expressed excitement about the new funding, emphasizing the transformative potential of their technology. 'We are thrilled to receive the support of the Department of Energy to help us scale and commercialize our zero emissions technology,' he stated. Aronoff highlighted that the deployment of the ECT will not only boost oil revenues but also reduce flaring significantly, demonstrating a commitment to responsible energy production.

About Pioneer Energy

Pioneer Energy, Inc. is dedicated to advancing technologies that enhance oil production revenues while minimizing environmental impact. The company’s innovative product lines include the ECT system that enhances crude production volumes, along with gas conditioning systems that improve efficiencies in hydraulic fracturing operations. Pioneer Energy emphasizes environmental stewardship by transforming emissions into valuable resources, aligning with the broader goal of domestic energy security. For more information about Pioneer Energy, visit their website.

Frequently Asked Questions

What is the primary goal of Pioneer Energy's projects?

The primary goal is to reduce methane emissions in oil production while increasing efficiency and revenues through innovative technologies.

How does the Emission Control Treater™ work?

The ECT is a closed system that processes crude oil without flaring, using advanced techniques to achieve near-zero emissions.

Who partners with Pioneer on these projects?

Pioneer partners with organizations like Emvolon, Bayswater Exploration, and academic institutions such as the Colorado School of Mines.

What are the expected outcomes of these projects?

The expected outcomes include reduced emissions, increased oil recovery, and improved operational efficiency across targeted well sites.

How does Pioneer Energy contribute to energy security?

Pioneer Energy provides technologies that minimize environmental impacts while supporting increased domestic oil production, ultimately enhancing energy security.

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