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Capstone Receives Another 3.3MW Order from a Repeat Oil and Gas Customer in the San Juan Basin

 

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Capstone Turbine Corporation (www.capstoneturbine.com) (CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced that it received an order for multiple microturbines for a repeat oil and gas customer operating in the San Juan Basin.

Horizon Power Systems, Capstone’s oil and gas distributor for the Barnett, Eagle Ford, Mancos, Permian, San Juan, and Wattenberg shale plays, secured the order. The order, consisting of twelve C65 microturbines, three C600S Signature Series microturbines and a C800S Signature Series microturbine are expected to be commissioned early this summer.

“We are unquestionably seeing a strengthening in our U.S. oil and gas related business since the presidential election in November,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “This is the fourth large order secured in the U.S. shale plays in the last 120 days and together these orders total 9.3MW consisting of 36 microturbines for repeat customers,” added Mr. Jamison.

All 16 microturbines will provide prime power to oil production sites, production measurement operations and transportation pipelines. The units will be installed in increments over time and fueled by wellhead gas, direct from the pipeline. Capstone microturbines were selected for their low emissions profile, low maintenance and reliable power generation capabilities in remote locations.

“This oil and gas customer in particular has installed over 180 Capstone units over the years,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “As the oil and gas industry rebounds, we are seeing increased interest especially in our new world class Signature Series product offering,” added Mr. Crouse.

According to the U.S. Energy Information Administration (EIA), the San Juan Basin in northwestern New Mexico contains one of the largest demonstrated natural gas reserves in the United States. New Mexico is among the top 10 states in the nation in per capita natural gas consumption with the electric power sector being the largest consumer in the state.

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