JPM OFS and Equipment Weekly Insights & Analytics: The Power Pivot: How Turnkey, Long-Duration Contracts Are Redefining the Energy Landscape

Research evidence excerpt

JPM OFS and Equipment Weekly Insights & Analytics: The Power Pivot: How Turnkey, Long-Duration Contracts Are Redefining the Energy Landscape

re. U.S. Frac Market Mini-Deep Dive Series

Below, we detail the recent announcements and commentary surrounding 2022 Global Energy Capex Survey

distributed power solutions across PUMP, LBRT, Voltagrid, SEI, KGS, and WMB. Tenaris Mini Deep Dive

E&P Budget Watch Part XXX

• PUMP’s PROPWR business has hit the ground running, securing a

strategic framework agreement with CAT (covered by Tami Zakaria) U.S. Pressure Pumping Mini Deep-Dive

that enables the acquisition of up to ~2.1 GW of additional power JPM 2021 Energy Tech Tour Takeaways

generation capacity over the next 5 years, positioning PROPWR to 2021 OFS Fall Playbook

have ~2.6 GW delivered by YE31 and fully deployed in 2032. The 2021 E&P Fall Playbook

illustrative deployed GW trajectory runs ~0.3 GW in 2026 scaling to

Private Company Deep Dive Series: Day ~2.6 GW by 2032, with a 6-12 month lag between delivery and

1: Well Productivity deployment reflecting larger, more infrastructure-type build-outs tied

to longer-term data center contracts and a four- to six-year payback Private Company Deep Dive Series: Day

framework. Management updated equipment cost guidance to $1.4- 2: Shale Rig Count Trends

$1.5mm per MW, anchored by larger, more power-dense natural gas Private Company Deep Dive Series: Day

reciprocating engines required to differentiate in the data center 3: The “Private E&P”

market, and confirmed robust capital access. The majority of future Private Company Deep Dive Series: Day

MWs are anticipated to be contracted within data center and industrial 4: Profiling Largest

end-markets, with CEO Sledge noting that just one data center deal