Service & Supply | Oilfield Services | Frac Markets - Pressure Pumping
US Well Services To Add 4 New Electric Fleet; Shifts to Permian/Eagle Ford
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US Well Services reported its Full year 2018 results.
2018 Highlights
Completed corporate merger to become a publicly traded company. Developed a more powerful, more mobile next-generation all-electric hydraulic fracturing fleet, building on the success of the Company's first-generation electric fleet. Executed three new contracts for newbuild next-generation electric fleets to be deployed in first half of 2019. A fourth contract has been signed with Shell and announced earlier this week. Successfully realigned the Company’s portfolio of fleets with market demand by redeploying four fleets from Appalachian Basins to Texas Basins. With the deployment of one newbuild at the beginning of 2019, we now have nine fleets in Texas and two fleets in Appalachia, working for an expanded customer…- ✓ Full news archive — U.S., Canada & international coverage
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