Stabilis Energy Announces Opening of West Texas LNG Fuel Depot

news room News

Odessa, TX LNG fuel depot to provide convenient and reliable access to low-cost
Liquefied Natural Gas (LNG) in the Permian Basin and Surrounding Areas

Beaumont, TX,[March 14, 2018 – Stabilis Energy (“Stabilis”) announced the opening of a 40,000 gallon liquefied natural gas (LNG) fuel depot in Odessa, TX.  The LNG fuel depot will provide customers with convenient 24-hour access to LNG and related services.

“We are pleased to announce the opening of our West Texas LNG fuel depot,” said Steve Stump, Vice President of Sales at Stabilis Energy.  “Stabilis is committed to providing our customers with the most convenient, reliable, and cost effective LNG fuel solutions.  This fuel depot will serve our existing West Texas customers and make Stabilis LNG more readily available for new applications.”

“This fuel depot signals Stabilis’ commitment to providing reliable and cost effective LNG solutions to the West Texas market,” continued Jim Reddinger, President and CFO of Stabilis Energy.  “In addition to installing the fuel depot, Stabilis continues evaluate LNG production opportunities in West Texas.”

About Stabilis Energy

Stabilis Energy is a leading supplier of liquefied natural gas (LNG) to the industrial, midstream, and oilfield sectors in North America. Stabilis provides turnkey fuel solutions to help industrial users of diesel and other crude-based fuel products convert to LNG, resulting in reduced fuel costs and improved environmental footprint.  Stabilis opened its 120,000 gpd LNG production facility in George West, TX in January 2015 to service industrial and oilfield customers in Texas and the greater Gulf Coast region.  Stabilis is vertically integrated from LNG production through distribution and cryogenic equipment rental.  Stabilis is headquartered in Beaumont, TX and is privately held.  For more information, please visit: www.StabilisEnergy.com.

Contact Information

Steve Stump – VP Sales
Stabilis Energy
(614) 571-1952
Steve.Stump@stabilisenergy.com

Stabilis Energy Announces Acquisition of Prometheus Energy

news room News

Stabilis Energy Announces Acquisition of Prometheus Energy
Prometheus to Operate as Independent Natural Gas Distribution Subsidiary of Stabilis Nationally; Stabilis to Focus on LNG Production Assets

Beaumont, TX, March 7, 2018 – Stabilis Energy (“Stabilis”) announced that it has completed the acquisition of a majority interest in Prometheus Energy (“Prometheus”). The acquisition combines two of the leading liquefied natural gas (“LNG”) production and distribution companies to form a full-service LNG provider capable of delivering LNG to customers in any end market and location in North America. Terms of the transaction were not disclosed. Prometheus will operate as the independent LNG distribution subsidiary of Stabilis. Prometheus provides mobile and stationary LNG solutions to industrial, utility, pipeline, high-horsepower and other remote customers. Customer solutions include supporting utilities with natural gas via LNG for flow assurance to address gas interruptions, gas curtailments and critical peak demand during extreme conditions. Prometheus will continue to purchase LNG from multiple producers to optimize fuel cost for its customers.
“We are pleased to announce the acquisition of Prometheus Energy,” said Casey Crenshaw, CEO of Stabilis Energy. “Prometheus was a pioneer in the LNG industry and it remains the premier small-scale LNG distribution and service company in the world. We believe this transaction will allow each company to grow aggressively in LNG production and distribution, respectively.” Jim Reddinger, President and CFO of Stabilis Energy added, “Stabilis’ LNG production plants will continue to provide reliable and cost-effective LNG to all customers and distribution channels.”
Jim Aivalis, CEO of Prometheus Energy added, “Prometheus remains fully committed to its current customers and business model. We are experiencing strong and growing demand for reliable and cost-effective natural gas solutions from our customers. The combination with Stabilis will provide Prometheus with added resources to better serve our customers as their need for LNG expands.”

About Stabilis Energy
Stabilis Energy is a leading supplier of liquefied natural gas (LNG) to the industrial, midstream, and oilfield sectors in North America. Stabilis provides turnkey fuel solutions to help industrial users of diesel and other crude-based fuel products convert to LNG, resulting in reduced fuel costs and improved environmental footprint. Stabilis opened its 120,000 gpd LNG production facility in George West, TX in January 2015 to service industrial and oilfield customers in Texas and the greater Gulf Coast region. Stabilis is vertically integrated from LNG production through distribution and cryogenic equipment rental. Stabilis is headquartered in Beaumont, TX and is privately held. For more information, please visit: www.StabilisEnergy.com.

About Prometheus Energy
Prometheus is a leader providing turnkey natural gas fueling solutions to the gas utility, industrial, power, pipeline and energy sectors in North America resulting in reduced fuel cost and environmental footprint for customers. The company is integrated across the natural gas supply chain from LNG & CNG sourcing, distribution, logistics, onsite equipment and field support. A pioneer in the industrial LNG market, Prometheus is recognized for its industry leadership and execution track record of over 140 successful customer projects and more than 18,000 LNG deliveries. Prometheus Energy is privately held and headquartered in Houston, Texas. For more information, please visit: www.PrometheusEnergy.com.

Contact Information
Jim Reddinger
Stabilis Energy
(409) 833-1115
jim.reddinger@stabilisenergy.com

Jim Aivalis
Prometheus Energy
(832) 456-6500
jaivalis@prometheusenergy.com

Stabilis Energy is given green light by Federal Regulators to Export LNG

Newsroom News

April 13, 2016. Stabilis Energy and Flint Hills Resources have been authorized by the Department of Energy to export 3.62 billion cubic feet of Natural Gas per year for the next 20 years from the George West facility located in the Eagle Ford shale.

For more information, full articles are located here.

http://www.bizjournals.com/sanantonio/blog/eagle-ford-shale-insight/2016/04/feds-approve-plans-to-export-eagle-ford-lng.html

http://www.lngindustry.com/liquefaction/18042016/Flint-Hills-Resources-granted-FTA-LNG-export-approval-2301/

 

Stabilis Energy to Exhibit at Speak at 2015 HHP Expo

Newsroom News

Stabilis Logo Web

 

2015 HHP Expo

 

 

 

Stabilis Energy will be exhibiting and speak at the 2015 HHP Expo at the Dallas Convention Center.

 

 

Speakers (10/29/2015)

  • Jim Reddinger, Chief Operating Officer and Chief Financial Officer, Stabilis Energy
    • (9:20 a.m. – 10:30 a.m.)     Executive Roundtable on Building Regional Customer Density and Market Diversification.
  • Dean Purcelli, Senior Vice President, Business Development, Stabilis Energy
    • (10:45 a.m. – 12:15 p.m.) Mining for Savings: Increased Use of Natural Gas in Mining Operations
    • (2:30 p.m. – 4:00 p.m.) (Moderating) Key Considerations for Future E&P Market Growth

Booth (10/27/2015 – 10/29/2015)

Come See us at Booth #802
(Booth Location)

Event Link