Saturday, June 6, 2026
ProPetro plans up to 20% cut to executive pay as oil slumps- oil and gas 360

ProPetro plans up to 20% cut to executive pay as oil slumps

Reuters ProPetro Holding Corp said on Thursday it will reduce compensation at different levels by up to 20%, the latest oilfield services provider looking to rein in costs to weather a steep drop in oil prices.   The Midland, Texas-based company said earlier this month it was experiencing a “severe, negative” impact on pricing for well-fracking services as customers clamor