Service & Supply | Oilfield Services | Frac Markets - Pressure Pumping | Capital Markets | Private Equity Activity
Pressure Pumpers Head to Public Market as Activity Picks Up
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In the early weeks of 2017, a flurry of IPOs have emerged from private equity-backed pressure pumpers, including ProPetro, Keane and now FTS International has followed suit.
This is being spurred by E&Ps ramping up their capital budgets and drilling plans for 2017.
We are taking a look at each company's IPO as well as their operations and overall horsepower.
FTS InternationalFTS filed an S-1 with the SEC on February 14, 2017 - looking to raise ~$100 million.
According to the filing, FTS currently has 32 frac fleets that have a total of 1.6 million in hydraulic horsepower.
FTS is currently active in the Permian, SCOOP/STACK, Marcellus, Utica, Eagle Ford and Haynesville.
FTS' active fleets by play:
Keane GroupKeane filed its S-1 on December 14, 2016 and then upsized the IPO on January…
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