Casper, WY (AP) - T. Boone Pickens is teaming up with a family-run Wyoming business hoping to become the largest maker of natural gas engines for drilling rigs.
The Texas millionaire's energy hedge fund, BP Capital, is partnering with Casper-based Moser Energy Systems to create a new company — Mesa Natural Gas Solutions. The Casper Star-Tribune reports that Moser will continue making the engines and Pickens' fund will promote them.
Pickens joined Moser executives in announcing the joint venture Wednesday at its new building in Evansville.
He says 95 percent of drilling rigs are powered by diesel engines but Moser's engines are a cheaper and cleaner domestic alternative.
Moser's engines convert raw natural gas from oil drilling sites into fuel for the engines, eliminating the need to haul diesel to the sites.
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