Post Tagged with: "ProPetro"

Source: nasdaq

Oil billionaire Dan Wilks takes active stake in hard-hit ProPetro

Reuters


Prominent shale investor Dan Wilks on Tuesday reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp through an investment vehicle, saying he may choose to push the company for a sale or other alternatives.

Dan …

Source: Reuters

ProPetro to run more hydraulic fracturing fleets in coming months

Reuters


DENVER  – U.S. hydraulic fracturing firm ProPetro Holding Corp plans to run between seven to eight fleets this quarter, up from an average of four fleets in the second quarter, executives told investors on an earnings call on Wednesday.…

August 5, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Fracing
Source: Reuters

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 …

Source: Reuters

Shale-well frackers grind to a halt as oil prices collapse

Reuters


DENVER  – Once the fastest growing – and most controversial – oilfield services in the U.S. shale boom, fracking is getting hammered as oil prices near a two-decade low and producers stop completing new wells.

Fracking companies, which pump …

After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million

After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million

ProPetro Announces Expansion of Revolving Credit Facility

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade
Pioneer Natural Resources Company (stock ticker: PXD) said it

Bohrturm, Österreich: Weißer Hof 2014

ProPetro Profitable in 2017, Approaches One Million HHP

Permian-concentrated oilfield service provider ProPetro Holding Corp. (ticker: PUMP) had a net income of $12.6 million, or $0.16 per share for 2017. In Q4 2017 the company had a net income of $10.1 million, or $0.12 per share. The company …