other material
confidence high
sentiment positive
materiality 0.65
ProPetro signs term contract for 4th FORCE electric frac fleet with Permian operator
ProPetro Holding Corp.
- Contract for electric hydraulic fracturing services with a large independent Permian-focused operator.
- This is the 4th FORCE electric fleet placed under a term contract; all four now under term agreements.
- The four fleets will require ~165 megawatts of mobile power generation equipment for operations.
- Company highlights ProPWR mobile power solutions business as positioned to benefit from growing demand.