other material
confidence high
sentiment positive
materiality 0.75
ProPetro launches ProPWR mobile power gen biz; orders $122M of equipment
ProPetro Holding Corp.
- New subsidiary ProPWR ordered over 110 MW of natural gas-fueled mobile power generation equipment.
- Total cost $122M; $20M cash in early 2025, balance financed; deliveries June 2025–March 2026.
- Targets Permian Basin oilfield, industrial and data center power demand; supports FORCE electric fleets.
- Led by President Travis Simmering and VP Technical Services Dave Bosco.
- Company aims to expand beyond initial 110 MW portfolio over time.