ProPetro Holding Corp. has entered into a term contract to provide electric hydraulic fracturing services to an unnamed large independent Permian-focused oil and gas operator. (Source: T. Schneider/Shutterstock.com)
ProPetro Holding Corp. has entered into a term contract to provide electric hydraulic fracturing services to an unnamed large independent Permian-focused oil and gas operator.
The company now has four of its Force electric frac fleets on term contracts, ProPetro CEO Sam Sledge said. The fleets will now require approximately 165 megawatts of mobile power generation equipment in support of operations.
Last week, ProPetro announced the launch of its first new organic service line in a decade to provide power generation to the oil and gas market as drillers work to reduce emissions by replacing diesel generation with electricity.
Recommended Reading
Flotek Buys Power Generation Assets from ProFrac for $105MM
2025-04-29 - Flotek Industries Inc. said the assets include digitally enhanced mobile natural gas conditioning and distribution units to provide real-time gas monitoring and dual fuel optimization.
Excelerate Closes Purchase of Jamaican LNG Assets for $1B
2025-05-14 - Excelerate has purchased New Fortress’ assets and operations of the Montego Bay LNG terminal, the Old Harbour LNG terminal and the Clarendon combined heat and power plant.
Sunoco to Acquire Parkland in $9.1 Billion Deal
2025-05-05 - Sunoco will acquire fuel distributor Parkland Corp, gaining a larger international and U.S. position with plans to create a new public company called SUNCorp.
Ohio Utica’s Gulfport Energy Signals Potential M&A This Year
2025-05-07 - Gulfport Energy’s comment comes while neighbors Ascent Resources and Encino Energy are reportedly in play.
Vitol Group Submits Bid Above $10B for Citgo, Sources Say
2025-07-02 - The bid reflects intensifying competition for Venezuela's most prized foreign asset and the seventh biggest U.S. refiner.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.