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U.S Well Services to Go Public; Frac Market Fully Supplied
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Matlin & Partners Acquisition Corp., a publicly traded special purpose acquistion company (SPAC), will merge with U.S Well Services and form a publicly traded entity with an anticipated total enterprise value of about $588 million.
U.S Well Services is a provider of electric-powered hydraulic fracturing services and market leader in electric-powered fracturing. The company services both Large cap and small cap customers.
The company is was led by Joel Broussard, CEO, Kyle O'Neil CFO and Nathan Houston, COO.
According to Shale Experts Frac Database, Antero does serve as the biggest customer. Below is the list of companies who Antero often contracts to complete its wells. As you can see, USWS commands a sizable 65%.
Source : Shale Experts Frac Database
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