{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-022399","form_type":"8-K","ticker":"PUMP","cik":"0001680247","company_name":"ProPetro Holding Corp.","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.116393+00:00","generated_at":"2026-06-19T11:34:38.105831+00:00","sec_items":["1.02","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ProPetro terminates hydraulic fracturing fleet contract with Pioneer; fleet to be redeployed","bullets":["Pioneer released ProPetro's dedicated fracturing fleet under the Pressure Pumping Services Agreement effective May 12, 2023.","No breach or penalties; termination coincides with scheduled conversion from Tier II diesel to Tier IV dual fuel fleet.","ProPetro expects the Tier IV fleet to commence work for an alternative customer at market rates without material disruption."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-022399","json":"https://secwatch.observer/filing/0001104659-23-022399.json","markdown":"https://secwatch.observer/filing/0001104659-23-022399.md","text":"https://secwatch.observer/filing/0001104659-23-022399.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1680247/000110465923022399/0001104659-23-022399-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1680247/000110465923022399/tm236966d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T11:34:38.105831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88217bacffaabb7e0b7c23b0c9932363b5149762","claim":"ProPetro Holding Corp. terminated Pressure Pumping Services Agreement – Fleet Two with Pioneer Natural Resources USA, Inc. valued at The Agreement will be terminated as of May 12, 2023, upon completion of operations on the pad where (effective 2023-02-09).","evidence_excerpt":"On February 9, 2023, ProPetro Holding Corp. (the “Company”), through its wholly owned subsidiary, ProPetro Services, Inc. (“ProPetro Services”), received notice from Pioneer Natural Resources USA, Inc., (“Pioneer”) (i) stating that Pioneer intends to release the hydraulic fracturing fleet contracted to Pioneer pursuant to that certain Pressure Pumping Services Agreement – Fleet Two, dated as of October 31, 2022, between Pioneer and ProPetro Services (the “Agreement”), effective upon the completion of operations on the pad where the performance of Services (as defined in the Agreement) is in progress on May 12, 2023 (the “Release Date”) and (ii) requesting that ProPetro Services agree to the termination of the Agreement as of the Release Date. ProPetro agreed with such request, and, as a result, the Agreement will be terminated as of the Release Date.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680247/000110465923022399/0001104659-23-022399-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Counterparty","value":"Pioneer Natural Resources USA, Inc."},{"label":"Value","value":"The Agreement will be terminated as of May 12, 2023, upon completion of operations on the pad where"},{"label":"Effective","value":"2023-02-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}