ProPetro Secures Term Contract to Provide Electric Frac Services

Core Viewpoint - ProPetro Holding Corp. has secured a new term contract for electric hydraulic fracturing services, enhancing its market position and showcasing its innovative technology in the oil and gas sector [1][5][6]. Group 1: Contract Details - The new contract is with a major Permian-focused oil and gas operator, extending ProPetro's footprint in the Permian Basin, one of the largest oil fields globally [2][6]. - ProPetro will deploy its FORCE electric frac fleets, which are designed for efficient completions while ensuring environmental sustainability [2][5]. - The contract requires approximately 165 megawatts of mobile power generation equipment to support the electric frac fleets, highlighting the importance of mobile power in hydraulic fracturing [8]. Group 2: Industry Impact - The shift towards electric-powered fracturing fleets indicates a broader industry trend aimed at minimizing environmental impact while improving efficiency [3][5]. - ProPetro's commitment to innovative solutions is crucial as the industry transitions from traditional diesel-powered rigs to electric alternatives [3][5]. - The demand for mobile power generation is expected to surge not only in the oil and gas sector but also in other industrial applications, including AI data centers [3][9]. Group 3: ProPWR Business - ProPetro's ProPWR business is positioned to provide critical services and equipment to support the rising demand for electric hydraulic fracturing fleets and other industrial applications [9][11]. - The company's mobile power solutions are integral to powering diverse industrial applications, offering a sustainable power source for various projects [4][11]. - ProPetro's focus on efficiency, cost-effectiveness, and environmental responsibility aligns with its broader strategy to enhance offerings and expand market presence [10][11].