ProPetro Holding Corp. Prices Initial Public Offering of Common Stock

ProPetro Holding Corp. (NYSE: PUMP) (the “Company”) announced today that
it has priced the initial public offering of 25,000,000 shares of its
common stock at $14.00 per share, of which 13,250,000 shares are to be
sold by the Company and 11,750,000 shares are to be sold by the selling
stockholders named in the registration statement on Form S-1 filed
previously with the U.S. Securities and Exchange Commission (“SEC”). The
shares are expected to begin trading on the New York Stock Exchange on
March 17, 2017 under the ticker symbol “PUMP.” In addition, the selling
stockholders named in the registration statement have granted the
underwriters a 30-day option to purchase from the selling stockholders
up to an additional 3,750,000 shares of the Company’s common stock at
the initial public offering price. The offering is expected to close on
March 22, 2017, subject to customary closing conditions.

The Company intends to use the net proceeds it receives from the
offering to repay borrowings outstanding under the Company’s term loan,
to fund the purchase of additional hydraulic fracturing units and for
general corporate purposes. The Company will not receive any net
proceeds from the sale by the selling stockholders of shares of the
Company’s common stock.

Goldman, Sachs & Co. and Barclays Capital Inc. are acting as
book-running managers for the proposed initial public offering. Credit
Suisse and J.P. Morgan Securities LLC are also acting as book-running
managers for the offering.

The proposed initial public offering of these securities is being made
only by means of a written prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, copies of which may be
obtained from:

Important Information

A registration statement relating to these securities has been filed
with, and declared effective by, the SEC. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy these
securities, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.

When available, you may obtain a copy of the prospectus free of charge
by visiting the SEC’s website, www.sec.gov,
and searching under the registrant’s name, “ProPetro Holding Corp.”

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the federal securities laws. Statements that do not relate to
historical matters identify forward-looking statements. Forward-looking
statements are not guarantees of future performance and involve certain
risks, uncertainties and assumptions that are difficult to predict, and
there can be no assurance that actual outcomes and results will not
differ materially from those expected by our management. These
forward-looking statements involve certain risks and uncertainties,
including, among others, that our business plans may change as
circumstances warrant, the Company’s shares of common stock may not
begin trading on the New York Stock Exchange as expected and the
offering may not close as expected. Accordingly, investors should not
place undue reliance on forward-looking statements as a prediction of
actual results. For more information concerning factors that could cause
actual results to differ materially from those conveyed in the
forward-looking statements, please refer to the “Risk Factors” section
of the prospectus included in the registration statement on Form S-1, in
the form last filed with the SEC. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result of
new information, future events, changed circumstances or otherwise,
unless required by law.

About ProPetro:

ProPetro Holding Corp. is a Midland, Texas-based oilfield services
company providing hydraulic fracturing and other complementary services
to leading upstream oil and gas companies engaged in the exploration and
production of North American unconventional oil and natural gas
resources.

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