Introduction of New CFO
Caleb Weatherl joins ProPetro as the new Chief Financial Officer, bringing extensive experience in the energy and financial sectors.
Strong Demand for Next-Generation Services
Approximately 75% of ProPetro's fleet is next-generation between Tier IV DGB dual-fuel and FORCE electric fleets, with over 50% of active hydraulic horsepower under long-term contracts.
PROPWR Growth and Inaugural Contract
ProPetro announced its first contract for 80 megawatts of power generation capacity with a Permian-focused E&P operator, marking a significant step in their PROPWR initiative.
Capital Allocation Strategy
ProPetro continues to prioritize capital discipline, focusing on PROPWR and FORCE electric fleet growth, while maintaining a strong balance sheet.