BP Natural Gas Opportunity Partners Commits Up to $75 Million in New JV
Wyoming’s Moser Energy is talking up the formation of Mesa Natural Gas Solutions, a joint venture with BP Natural Gas Opportunity Partners, an arm of BP Capital, founded by T. Boone Pickens.
The Mesa Natural Gas Solutions JV is to “leverage BP Capital’s 50-plus years of experience in the oil and gas industry to maximize Moser Energy Systems’ leading role in providing fully portable natural gas solutions.”
‘Natural Gas Directly from the Wellhead’
“The ability to help producers cut costs, reduce flaring and reduce emissions is our primary goal,” Moser VP Jakob Norman said in a release.
BP Natural Gas Opportunity Partners has committed up to $75 million in the new entity, Moser says.
“Mesa Natural Gas Solutions,” says the announcement, “provides clean, reliable power and other ancillary services primarily to the oil and gas industry by utilizing natural gas directly from the wellhead.
“Mesa provides turnkey energy solutions to its customers through services contracts that are inclusive of equipment, maintenance, service, setup, and transportation. Mesa is the exclusive North American distributor of Moser Energy Systems natural gas portable power units.”
‘Instead of Flaring…’
Moser Energy Systems was founded in 1973 by Jim and Kathy Moser. The firm began offering electricity generating equipment powered by field gas in 2009. “Instead of flaring unwanted natural gas,” Moser says, “operators can enlist in a Moser generator package to generate electricity for their well pad, a job usually done by engines powered by diesel, at a fraction of the costs of diesel generators.” The firm claims more than 4 million run-hours on associated gas units across its fleet, “which is more than any other company in North America.”
According to Moser’s website, launch of 300 Moser generators last year resulted in a client’s eliminating 18,500 diesel deliveries and saving $50 million.
Moser last month opened a new facility in Casper, Wyo. it says will boost its output tenfold.Contact information is only available to premium subscribers. Click here to purchase a premium subscription.
Source: Moser Energy Systems with HHP Insight follow-up