ProPetro Secures Three-Year Deal to Provide Electric Fracturing Services to ExxonMobil in Permian Basin, Financial Terms Undisclosed
$PUMP
$XOM
Oilfield Services/Equipment
Energy
Integrated oil Companies
Energy
ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE:PUMP) has entered into a three year Hydraulic Fracturing Services Agreement (the "Agreement") to provide electric hydraulic fracturing services to ExxonMobil in the Permian Basin.
ProPetro's Chief Executive Officer, Sam Sledge, commented, "We're thrilled to announce a key strategic step for ProPetro as we strengthen our longstanding relationship with ExxonMobil. Having collaborated with them since 2015, our partnership has always been rooted in safety and operational excellence. Now, by introducing our FORCESM electric fleets, we're moving towards a more sustainable and industrialized future together."