ProPetro reports fire destroying 9 frac units; self-insured up to $10M

ProPetro Holding Corp.

Accidental fire on one hydraulic fracturing fleet severely damaged or destroyed nine Tier II diesel units and related equipment.
No injuries to employees or third-party personnel reported.
Company is self-insured up to $10 million per occurrence; does not expect significant insurance recoveries.
Expects no material full-year financial impact but minor near-term operational impacts; will update with Q1 2023 results.

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