SOURCE: Stabilis Energy

Stabilis Energy

March 03, 2015 06:00 ET

Stabilis Energy Announces Grand Opening of LNG Liquefaction Facility in George West, Texas

100,000 LNG-g per Day Production Facility to Provide Fuel for Oilfield and Other High Horsepower Engine Applications Throughout Texas

BEAUMONT, TX--(Marketwired - March 03, 2015) - Stabilis Energy announces the grand opening of its liquefied natural gas (LNG) production facility in George West, Texas. The 100,000 LNG gallon per day facility is strategically located in the heart of the Eagle Ford Shale to provide fuel for high horsepower engines used in the oilfield, as well as transportation, mining, rail, marine, asphalt and other industrial sectors.

"Stabilis is proud to announce the opening of our George West LNG liquefaction facility for commercial production," said Casey Crenshaw, CEO of Stabilis Energy. "We offer a reliable source of LNG fuel for customers in the Eagle Ford shale and throughout Texas. Despite recent declines in oil prices, Stabilis can provide LNG fuel that is cost competitive with diesel."

In addition to producing LNG fuel, Stabilis provides turnkey LNG fueling services including transportation and logistics, cryogenic equipment rental, and field service support. "Stabilis makes it easy for high horsepower engine operators to use LNG fuel," said Steve Stump, Vice President of Sales at Stabilis Energy. "Helping our customers simplify and optimize their LNG fueling programs is a critical part of our value proposition."

The Stabilis George West facility is a dedicated LNG production facility that is open for business 24 hours per day and 365 days per year. LNG fuel can be sold either wholesale at the plant tailgate or retail through Stabilis' delivery service. The facility features two truck loading racks that can load two transport trailers simultaneously in less than an hour. Certified scales are provided at the truck racks. The facility has approximately 270,000 gallons of storage capacity.

Potential customers can contact Steve Stump at 866-LNG-FUEL (866-564-3835) or Steve.Stump@StabilisEnergy.com with inquiries.

About Stabilis Energy

Stabilis Energy is one of the fastest growing suppliers of LNG fuel for high horsepower engines in North America. Stabilis provides turnkey fuel solutions to help consumers of diesel and other crude-based fuel products convert to LNG, resulting in reduced fuel costs and an improved environmental footprint. Stabilis is vertically integrated from LNG production through distribution, cryogenic equipment rental, and field service. End markets served include oilfield, mining, rail, marine, transportation, and industrial. Stabilis is headquartered in Beaumont, TX and is privately held.

The George West LNG liquefaction facility is the first to be built as part of a joint venture between Stabilis Energy and Flint Hill Resources LLC, a leading refining, chemical and biofuels company and a subsidiary of Koch Industries, to build up to five LNG liquefiers targeting the oilfield sector in North America. The joint venture recently announced plans to acquire property in Odessa, Texas for the proposed construction of a second LNG liquefaction facility to serve the Permian Basin. Development plans for additional facilities are underway in other major oilfield regions.

www.stabilisenergy.com

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