ProPetro Holding Corp.
NNYSE:PUMPCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Samuel D Sledge
- Full Time Employees
- 1,700
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- One Marienfeld Place Midland TX United States 79701
- IPO Date
- Mar 17, 2017
- CIK
- 0001680247
- Website
- propetroservices.com
- Similar Companies
- Business
- ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing hydraulic fracturing and complementary completion services to upstream oil and gas companies engaged in the exploration and production of unconventional resources primarily in the Permian Basin. Founded in 2007, the company operates a standardized fleet of hydraulic fracturing units ranging from 50,000 to 80,000 hydraulic horsepower, cementing services for new wells and remedial work including tailored flushes and cements for up to three-mile laterals, Silvertip Wireline for well lifecycle wireline and pumpdown services, and FORCE electric fracturing fleets for reduced emissions; it also offers power generation through PROPWR for oilfield microgrids, production operations, industrial projects, and data centers. ProPetro maintains headquarters at One Marienfeld Place in Midland, Texas, and focuses operations in Texas and New Mexico. In recent developments, the company reports approximately 220 megawatts of power generation equipment on order with deliveries through mid-2026, including an inaugural 10-year 80-megawatt contract for a Permian microgrid and additional in-field power agreements, alongside securing seven contracted frac fleets with two simul-frac units; it previously acquired pumping assets from Pioneer Natural Resources in 2019, Silvertip wireline, Par 5 cementing bolster, and Aqua Prop sand logistics within the last three years to enhance its completions offerings.
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