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Two Large Permian E&P To Deploy Electric Frac Fleets

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Two Large Permian E&P To Deploy Electric Frac Fleets
ProPetro Revises Previous Agreements with AFGlobal and Agrees to Purchase One Additional DuraStim® Fleet in 2019 in addition to Two Previously Announced, has Option to Purchase Up to Three Additional Fleets through End of 2020 Announces that XTO Energy Inc. and Diamondback Energy are Expected to Deploy First Electrically Powered DuraStim® Hydraulic Fracturing Fleets in Permian Basin

ProPetro announced that it has entered into revised agreements with AFGlobal under which it will acquire one additional electrically Hydraulic Fracturing fleet in 2019 in addition to the two fleets previously announced. The Company has also secured an option to purchase up to three additional fleets that will be exercisable through the end of 2020.

The Company also announced that XTO Energy Inc., a…

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