Midland-based ProPetro Holding said recently it entered another term contract to provide electric hydraulic fracturing services to a large independent oil and gas operator in Permian Basin. Sam Sledge, CEO, said Dec. 19, “We now have four electric fleets on term contracts and continue to experience industry-leading performance from our active fleets that are delivering value to our customers through efficient completions performance.”
ProPetro provides completion services to upstream oil and gas companies engaged in exploration and production of North American unconventional crude oil and natural gas. The company’s electric-powered fleets provide services for efficient completions while ensuring environmental sustainability and maximizing operational performance.
Sledge added, “Our recently announced mobile power generation solutions business, ProPWR, is well-positioned to effectively provide services to support growing demand and will benefit from favorable trends which are accelerating not only in the oil and gas industry but also for AI data centers and other industrial purposes.”