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