Permian Basin-focused ProPetro Holding Corp. is giving its exploration customers more of what they want – electric and dual-fuel fleets – as it continues to industrialize its business, CEO Sam Sledge said. The Midland, TX-based completions expert works across the Lower 48, with most of the exploration and production (E&P) work centered in the Permian.…
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Articles from Propetro
ProPetro Eyeing More Permian E&P Demand for E-Fleets, Natural Gas-Powered Equipment
The executive team for completions expert ProPetro Holding Corp., whose business is centered in the Permian Basin, remains bullish on natural gas and oil activity rising over the next several years on improved commodity prices and the continued “industrialization” of the energy sector. The Midland, TX-based oilfield services (OFS) firm provides hydraulic fracturing (fracking) services,…
November 6, 2023
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
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