Ron Gusek: Keith, this is Ron. Yes, I can give you a little bit of color on that. Really, the third leg in the stool in our digiFrac platform. And probably the quickest and easiest analogy I could give you would be something like the power grid. Chris talked a little bit about that earlier today. But think of this new pump as baseload power force, sort of like a nuclear power plant on the grid. So this is basically a little brother to the same power plant we’re using on the generator. So 100% natural gas engine, extremely efficient, 44.5% thermally efficient so very, very good at the use of gas. thank you for the same reason we chose that engine for generating power much, much better than a turbine on location, either in a direct drive application or in a power generation application.
In this case, we’re connecting it to a transmission and a pump, but we’re also taking some of that power to run a smaller generator on location. So we’re using the primary power to drive the pump and provide horsepower. We’re using a small amount of that power to generate power electricity, enabling a fully electric backside. The unique thing about this engine is it’s a single speed engine. So it doesn’t have throttle control to it. It’s made to run it one speed and one speed only. And so, it’s not made the deal with Transient, which is how it pairs so nicely with our digiFrac electric pump. Together, the combination of those things works just like a nuclear power plant with a gas peaker plants on top of that. So we have this combination that delivers flat baseload capacity, strong and steady, incredibly efficient.
And then on top of that, to deal with regular transient load we have in the frac space, we’ve got digiFrac. So you’ll see those two going out into the field in partnership with one another. The exact ratio of those two pumps is really going to be a function of what the customer situation is like, what – the frac needs are like, what our access to maybe some grid power looks like, all of those things will play into the exact ratio of how we deploy those.
Keith MacKey: Perfect, good deal, thanks very much.
Operator: The next question is from Tom Curran with Seaport Research Partners. Please go ahead.
Tom Curran: Good morning.
Chris Wright: Good morning, Tom.
Tom Curran: I was hoping you could assist us with just some market capacity framing. What percentage of the industry’s active fleet, is diesel models regardless of the tier? And when it comes to that pure diesel horsepower, what are your expectations for upgrades to DGB vis-Ã -vis new-build replacement? In other words, to the extent we see a portion of that industry diesel horsepower convert over the course of 2023, would you expect the mix to be between new-build replacement versus upgrade and maybe an idea of just how much you are expecting?
Chris Wright: But there’s still a large amount of diesel capacity out there. It’s still – the dominant source of powering frac fleets today. There’s, older Tier 2 fleets that people are putting sort of these aftermarket kits to make natural gas burning. That’s not a huge cost, although the supply chain struggles there. So there’s a good amount of that going on. But longer-term thing, I think as you were hitting at, is going to be what happens to those Tier 2 diesel engines, basically, which are all five to six years old, and the average age of them is probably a decade old. So those are falling out. And as you said you can either, take that same pump and buy a new Tier 4 – more likely Tier 4 DGB dual fuel engine and put that on the deck or you can build a brand-new natural gas-powered fleet technology.
