ProPetro – Oil & Gas 360

$ProPetro announces agreement for FORCESM electric hydraulic fracturing services- oil and gas 360$

ProPetro announces agreement for FORCESM electric hydraulic fracturing services

April 29, 2024

Oil and Gas 360 MIDLAND, Texas–(BUSINESS WIRE)– ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) has entered into a three year Hydraulic Fracturing Services Agreement (the “Agreement”) to provide electric hydraulic fracturing services to ExxonMobil in the Permian Basin. ProPetro’s Chief Executive Officer, Sam Sledge, commented, “We’re thrilled to announce a key strategic step for ProPetro as we strengthen

ProPetro acquires Par Five Energy Services creating a leading Permian cementing services company

December 4, 2023

Oil and Gas 360 MIDLAND, Texas–(BUSINESS WIRE)– ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) has announced the successful acquisition of the assets and business operations of Par Five Energy Services LLC (“Par Five”). Specializing in cementing services in the Delaware Basin, Par Five’s business complements ProPetro’s existing cementing business that operates predominantly in the Midland Basin region of

Oil billionaire Dan Wilks takes active stake in hard-hit ProPetro

January 19, 2021

Reuters Prominent shale investor Dan Wilks on Tuesday reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp through an investment vehicle, saying he may choose to push the company for a sale or other alternatives. Dan Wilks and his brother Farris Wilks made their fortune on the shale boom through a company they founded called Frac

$ProPetro to run more hydraulic fracturing fleets in coming months- oil and gas 360$

ProPetro to run more hydraulic fracturing fleets in coming months

August 5, 2020

Reuters DENVER – U.S. hydraulic fracturing firm ProPetro Holding Corp plans to run between seven to eight fleets this quarter, up from an average of four fleets in the second quarter, executives told investors on an earnings call on Wednesday. The company had averaged almost 19 fleets in the first quarter of this year, but saw a significant drop in

ProPetro plans up to 20% cut to executive pay as oil slumps

April 9, 2020

Reuters ProPetro Holding Corp said on Thursday it will reduce compensation at different levels by up to 20%, the latest oilfield services provider looking to rein in costs to weather a steep drop in oil prices. The Midland, Texas-based company said earlier this month it was experiencing a “severe, negative” impact on pricing for well-fracking services as customers clamor

$Shale-well frackers grind to a halt as oil prices collapse- oil and gas 360$

Shale-well frackers grind to a halt as oil prices collapse

April 2, 2020

Reuters DENVER – Once the fastest growing – and most controversial – oilfield services in the U.S. shale boom, fracking is getting hammered as oil prices near a two-decade low and producers stop completing new wells. Fracking companies, which pump water, sand and chemicals into wells to release trapped oil and gas, helped turn the United States into the largest

After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million

December 20, 2018

ProPetro Announces Expansion of Revolving Credit Facility

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

November 13, 2018

Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade Pioneer Natural Resources Company (stock ticker: PXD) said it is selling its pressure pumping assets–Pioneer Pumping Services–to Midland-based ProPetro Holding Corp. (stock ticker: PUMP), and in the process locking up dedicated

ProPetro Profitable in 2017, Approaches One Million HHP

March 27, 2018

Permian-concentrated oilfield service provider ProPetro Holding Corp. (ticker: PUMP) had a net income of $12.6 million, or $0.16 per share for 2017. In Q4 2017 the company had a net income of $10.1 million, or $0.12 per share. The company reported total revenues of $981.9 million for 2017 and total revenues of $313.7 million for Q4 2017. Yearend capacity grew

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