PUMP

ProPetro Holding Corp. provides hydraulic fracturing and other well completion services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Headquartered in Midland, Texas, the company operates primarily in the Permian Basin of West Texas and New Mexico, one of the most prolific shale formations in North America. ProPetro's service offerings include hydraulic fracturing, cementing, acidizing, coiled tubing, flowback, and drilling services. The company operates one of the industry's largest hydraulic fracturing fleets, with approximately 31 active frac fleets as of recent reporting periods. ProPetro distinguishes itself through its focus on operational efficiency and customer service, maintaining long-term relationships with major E&P operators. The company employs approximately 3,600 people and generated revenues of $2.1 billion in 2023. In recent years, ProPetro has made strategic investments in electric and dual-fuel fracturing technology to reduce emissions and improve operational performance. The company completed its acquisition of Silvertip Completion Services in 2021, expanding its presence in the Permian Basin. As a pure-play completion services provider, ProPetro's financial performance remains closely tied to drilling activity levels and commodity prices in the Permian Basin region.