ProPetro Announces Contract for a 4th FORCE® Electric Hydraulic Fracturing Fleet
ProPetro Holding Corp. (NYSE: PUMP) has entered into a term contract to provide electric hydraulic fracturing services for a major Permian-focused oil and gas operator. CEO Sam Sledge announced that this contract marks the deployment of their fourth FORCE® electric frac fleet. ProPetro currently has four such fleets on term contracts, which require around 165 megawatts of mobile power generation equipment. The company emphasizes the efficiency and value delivered by these fleets to their customers. The announcement underscores ProPetro's strategy to build a profitable business and highlights the expected growth in mobile power demand for electric-powered hydraulic fracturing fleets. The company’s mobile power generation solutions business, ProPWR℠, is set to capitalize on these trends, benefiting from increased demand in the oil and gas sector and other industries, including AI data centers.
ProPetro Holding Corp. (NYSE: PUMP) ha stipulato un contratto a termine per fornire servizi di fratturazione idraulica elettrica per un importante operatore del settore petrolifero e del gas focalizzato sul Permiano. Il CEO Sam Sledge ha annunciato che questo contratto segna il dispiegamento della loro quarta flotta di fratturazione elettrica FORCE®. ProPetro attualmente ha quattro di queste flotte su contratti a termine, che richiedono circa 165 megawatt di apparecchiature mobili per la generazione di energia. L'azienda sottolinea l'efficienza e il valore forniti da queste flotte ai propri clienti. L'annuncio sottolinea la strategia di ProPetro di costruire un'attività redditizia e mette in evidenza la prevista crescita della domanda di energia mobile per flotte di fratturazione idraulica alimentate elettricamente. Il settore delle soluzioni di generazione di energia mobile dell'azienda, ProPWR℠, è pronto a capitalizzare su queste tendenze, beneficiando dell'aumento della domanda nel settore petrolifero e del gas e in altri settori, inclusi i centri di dati per l'IA.
ProPetro Holding Corp. (NYSE: PUMP) ha firmado un contrato a plazo para proporcionar servicios de fracturación hidráulica eléctrica para un importante operador de petróleo y gas enfocado en el Permiano. El CEO Sam Sledge anunció que este contrato marca el despliegue de su cuarta flota de fracturación eléctrica FORCE®. ProPetro actualmente cuenta con cuatro de estas flotas bajo contratos a plazo, que requieren alrededor de 165 megavatios de equipos móviles de generación de energía. La compañía enfatiza la eficiencia y el valor que estas flotas brindan a sus clientes. El anuncio subraya la estrategia de ProPetro de construir un negocio rentable y destaca el crecimiento esperado en la demanda de energía móvil para flotas de fracturación hidráulica eléctricas. El negocio de soluciones de generación de energía móvil de la compañía, ProPWR℠, está listo para aprovechar estas tendencias, beneficiándose del aumento de la demanda en el sector del petróleo y gas y en otras industrias, incluidos los centros de datos de IA.
ProPetro Holding Corp. (NYSE: PUMP)는 주요 퍼미안 중심의 석유 및 가스 운영업체를 위해 전기 유압 다단계 서비스 제공을 위한 기간 계약을 체결했습니다. CEO인 샘 슬레지(Sam Sledge)는 이 계약이 그들의 네 번째 FORCE® 전기 프랙 플릿 배치의 시작을 알린다고 발표했습니다. ProPetro는 현재 165 메가와트의 모바일 전력 생성 장비를 요구하는 계약을 체결한 4개의 플릿을 보유하고 있습니다. 이 회사는 이러한 플릿이 고객에게 제공하는 효율성과 가치를 강조하고 있습니다. 이 발표는 ProPetro의 수익성 있는 비즈니스 구축 전략을 강조하며, 전기 구동 유압 다단계 플릿에 대한 모바일 전력 수요의 예상 성장을 강조합니다. 회사의 모바일 전력 생성 솔루션 бизнес인 ProPWR℠는 이러한 트렌드를 활용하여 석유 및 가스 부문과 인공지능 데이터 센터를 포함한 기타 산업에서 수요 증가 혜택을 누릴 준비가 되어 있습니다.
ProPetro Holding Corp. (NYSE: PUMP) a conclu un contrat à terme pour fournir des services de fracturation hydraulique électrique à un grand opérateur pétrolier et gazier axé sur le Permian. Le PDG Sam Sledge a annoncé que ce contrat marque le déploiement de leur quatrième flotte de fracturation électrique FORCE®. ProPetro possède actuellement quatre de ces flottes sous contrat à terme, nécessitant environ 165 mégawatts d'équipements mobiles de production d'énergie. L'entreprise met en avant l'efficacité et la valeur fournies par ces flottes à ses clients. L'annonce souligne la stratégie de ProPetro de construire une entreprise rentable et met en lumière la croissance attendue de la demande d'énergie mobile pour les flottes de fracturation hydraulique alimentées électriquement. Le secteur des solutions de production d'énergie mobile de l'entreprise, ProPWR℠, est prêt à tirer parti de ces tendances, bénéficiant d'une demande croissante dans le secteur pétrolier et gazier ainsi que dans d'autres industries, y compris les centres de données en IA.
ProPetro Holding Corp. (NYSE: PUMP) hat einen Rahmenvertrag zur Bereitstellung von elektrischen hydraulischen Fracking-Dienstleistungen für einen bedeutenden auf Permian fokussierten Öl- und Gasbetreiber abgeschlossen. CEO Sam Sledge gab bekannt, dass dieser Vertrag die Bereitstellung ihrer vierten FORCE®-elektrischen Fracking-Flotte markiert. ProPetro verfügt derzeit über vier solcher Flotten im Rahmenvertrag, die etwa 165 Megawatt mobile Stromerzeugungsanlagen benötigen. Das Unternehmen betont die Effizienz und den Wert, den diese Flotten ihren Kunden bieten. Die Ankündigung unterstreicht die Strategie von ProPetro, ein profitables Geschäft aufzubauen, und hebt das erwartete Wachstum der mobilen Stromnachfrage für elektrisch betriebene hydraulische Fracking-Flotten hervor. Das Geschäftsfeld für mobile Stromerzeugungslösungen des Unternehmens, ProPWR℠, steht bereit, von diesen Trends zu profitieren, da die Nachfrage im Öl- und Gassektor sowie in anderen Branchen, einschließlich KI-Datenzentren, zunimmt.
- ProPetro secured a new term contract for electric hydraulic fracturing services.
- Deployment of the fourth FORCE® electric frac fleet.
- Four fleets now in operation, requiring 165 megawatts of mobile power.
- Reinforcement of strategy to build an efficient and profitable business.
- ProPWR℠ poised to benefit from growing demand in oil, gas, and other industries.
- None.
Insights
The contract for a fourth FORCE® electric hydraulic fracturing fleet marks a strategic expansion in ProPetro's clean energy transition initiatives. The deal requires
The term contract structure provides revenue visibility and operational stability, while the expansion into mobile power generation through ProPWR℠ creates a new revenue stream beyond traditional fracking services. This diversification is particularly well-timed given the growing power demands from both oil & gas operations and emerging sectors like AI data centers.
The market's increasing appetite for electric fracking solutions suggests strong growth potential for ProPetro's FORCE® fleet deployments. The company's strategic positioning in the Permian Basin, combined with its early-mover advantage in electric fracking technology, strengthens its competitive moat in a critical U.S. energy region.
The deployment of electric hydraulic fracturing technology represents a significant advancement in reducing the environmental footprint of traditional fracking operations. The FORCE® electric fleets offer substantial emissions reductions compared to conventional diesel-powered equipment, while maintaining or improving operational efficiency.
The development of ProPWR℠ as a dedicated mobile power generation business is particularly noteworthy, as it positions ProPetro to capitalize on the broader industrial electrification trend. The dual-use potential of this infrastructure for both oil & gas operations and data centers creates a diversified revenue opportunity that extends beyond the cyclical nature of the energy services sector.
ProPetro’s Chief Executive Officer, Sam Sledge, commented, “We are pleased to announce another key strategic step for ProPetro as we deploy another of our industry-leading FORCE® electric frac fleets with a valued Permian operator. We now have four FORCE® 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. Today's announcement reinforces our strategy's validity and our drive to build an efficient and profitable business here at ProPetro. Our four FORCE® fleets will now require approximately 165 megawatts of mobile power generation equipment in support of the operations called for in their current term contracts. This announcement further supports our expectations regarding the growth in mobile power demand for electric-powered hydraulic fracturing fleets, among other oil and gas and industrial projects. We believe our recently announced mobile power generation solutions business, ProPWR℠, is well-positioned to effectively provide services to support this growing demand and will benefit from these favorable trends, which are accelerating not only in the oil and gas industry but also for AI data centers and other industrial purposes."
About ProPetro
ProPetro Holding Corp. is a
Forward-Looking Statements
Except for historical information contained herein, the statements and information in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words “may,” “could,” “plan,” “project,” “budget,” “predict,” “pursue,” “target,” “seek,” “objective,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “should” and other expressions that are predictions of, or indicate, future events and trends or that do not relate to historical matters generally identify forward-looking statements. Our forward-looking statements include, among other matters, statements about the supply of and demand for hydrocarbons, our business strategy, industry, projected financial results and future financial performance, expected fleet utilization, sustainability efforts, the future performance of newly improved technology, expected capital expenditures, the impact of such expenditures on our performance and capital programs, our fleet conversion strategy, our share repurchase program, and the anticipated commercial prospects of ProPWR℠, including our ability to successfully commence operations, the demand for its services and anticipated benefits of the new business line. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable.
Although forward-looking statements reflect our good faith beliefs at the time they are made, forward-looking statements are subject to a number of risks and uncertainties that may cause actual events and results to differ materially from the forward-looking statements. Such risks and uncertainties include the volatility of oil prices, changes in the supply of and demand for mobile power generation, the risks associated with the establishment of a new service line, including delays, lack of customer acceptance and cost overruns, the global macroeconomic uncertainty related to the conflict in the
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Investor Contacts:
David Schorlemer
Chief Financial Officer
david.schorlemer@propetroservices.com
432-227-0864
Matt Augustine
Director, Corporate Development and Investor Relations
matt.augustine@propetroservices.com
432-219-7620
Source: ProPetro Holding Corp.
FAQ
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