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ProPetro Frac Capacity Jumps 43% On Completion
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ProPetro provided the following 1Q17 update
Pressure Pumping Fleet Expansion
To support increasing demand for pressure pumping services from the Company’s existing customers, ProPetro recently took delivery of one new-build pressure pumping fleet. The fleet commenced operations on May 2, 2017, and brings current total hydraulic capacity to 465,000 horsepower.
The Company expects delivery of its next new fleet by the end of the second quarter, with two additional fleets scheduled for delivery by year end 2017. Upon delivery of these fleets, the Company’s fleet will have total capacity of 600,000 hydraulic horsepower, a 43% increase from 420,000 hydraulic horsepower at the end of the first quarter of 2017.
Dale Redman concluded, “Given its well-known geology and large, exploitable…
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