Midstream
ProPetro Holding Corp.
32 articles mentioning ProPetro Holding Corp. · Page 2 of 2
ProPetro Cuts Nearly 400 from Workforce; Reduces Capex
ProPetro Holding Corp. announced a number of strategic actions to align its cost structure. The company is implementing the following: Reducing labor costs related to changing activity levels. Today, ProPetro implemented a workforce reduction to address...
U.S. Frac Crew Spread Falls by 13 - Week Ending March 13, 2020
In a not so surprising move, U.S. E&Ps laid down 13 frac fleets this week. Currently, active frac spreads/fleets this week is at 289. We continue to believe we could see the fleet count get cut...
ProPetro Holding Corp. Fourth Quarter 2019 Results
ProPetro Holding Corp. reported financial and operational highlights for the fourth quarter of 2019 as well as other updates. Preliminary Fourth Quarter 2019 Results and Highlights Total revenue of $431 million to $437 million. Costs of...
ProPetro Holding Corp. Third Quarter 2019 Results
ProPetro Holding Corp. reported its Q3 2019 results. Preliminary Third Quarter 2019 and Recent Highlights Total revenue for the quarter was $541.8 million, as compared to $529.5 million for the second quarter of 2019. Net income...
ProPetro Cuts Workforce as Activity Slows; Down To 19 Fleets
ProPetro Holding Corp. has reduced its workforce as operators slow completions in the face of low commodity prices, according to a report by Reuters. The cuts affected approximately 150 workers (~9.5% of its total employees). ProPetro...
ProPetro To Deploy Three(3) Additional Electric Fleet In Permian
ProPetro today provided an preliminary look into its 2nd quarter activity. Here is a quick read through. Revenue is down -3% ($529.5 million) vs Q1 2019 G&A cost is up +$5.1 million, largely due the audit...
ProPetro Holding Corp. Second Quarter 2019 Results
ProPetro Holding Corp. reported its Q2 2019 results. Preliminary Second Quarter 2019 Highlights Total revenue for the quarter was $529.5 million, as compared to $546.2 million for the first quarter of 2019. Net income was $36.1...
ProPetro Holding Corp. First Quarter 2019 Results
ProPetro Holding Corp. announced financial and operational results for the first quarter of 2019. First Quarter 2019 Highlights Total revenue for the quarter was $546.2 million, as compared to $425.4 million for the fourth quarter of...
ProPetro Finalizes Acquisition of Pioneer's Pressure Pumping Assets
ProPetro Holding has completed its previously announced acquisition of the pressure pumping assets of Pioneer Natural Resources. Concurrently, ProPetro became a strategic long-term service provider to Pioneer providing pressure pumping and related services for a term...
ProPetro Continues To Increase Frac Fleet Capacity on Customer Demand
ProPetro Holding Corp. announced financial and operational results for the second quarter of 2017. Second Quarter 2017 Highlights Total revenue for the quarter increased 24% to $213.5 million, compared to $171.9 million for the first quarter...
ProPetro Frac Capacity Jumps 43% On Completion
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...
Pressure Pumpers Head to Public Market as Activity Picks Up
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...