Propetro

ProPetro Forecasting Fewer Fracking Fleets as Lower 48 Demand Weakens

ProPetro Forecasting Fewer Fracking Fleets as Lower 48 Demand Weakens

Pressure pumping expert ProPetro Holding Corp. deployed 25.1 fleets in the Lower 48 during the third quarter, but utilization in the final three months is likely to decline to 18-20 because of “customer budget exhaustion, seasonality and overall softening industry demand,” CEO Dale Redman said Thursday.

November 15, 2019

ProPetro Sees Softer Permian Pressure Pumping Demand; Executive Team Overhauled

Permian Basin pressure pumper ProPetro Holding Corp. has upended its management team to strengthen internal controls following an internal review.

October 14, 2019

ProPetro Steps Up to Deploy Electric-Powered Completion Fleets in Permian

Pressure pumping expert ProPetro Holding Corp. is stepping up plans to deploy electrically powered completion fleets in the Permian Basin, with two of the region’s biggest operators signaling they plan to use them.

July 1, 2019

ProPetro Trades Cash, Shares for Pioneer Natural’s Permian HHP Assets

Pioneer Natural Resources Co. is selling its pressure pumping assets to ProPetro Holding Corp., which plans to provide oilfield services (OFS) in the Permian Basin for the independent for 10 years.

November 13, 2018

ProPetro Expanding Permian Capacity by Two Fleets, Enhancing Pressure Pumping

Permian pure-play oilfield services operator ProPetro Holding Corp. increased its revenue and boosted its hydraulic horsepower (hhp) capacity during the fourth quarter, with an eye on building its business even more in 2018.

March 27, 2018