Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE:NINE) today announced changes to the size and composition of its Board of Directors ("Board"). Following careful consideration, the Board has unanimously agreed that a reduction in the size of the Board from eight to six members by the end of the year and a change in its composition will be beneficial to the Company and its strategic priorities moving forward. Consistent with such strategy, Mr. Ernie Danner, Mr. Andy Waite and Mr. Curtis Harrell resigned as directors effective February 28, 2025. Ms. Julie Peffer and Mr. Richard Burnett were unanimously appointed as directors on February 28, 2025, with Ms. Peffer's service to begin on

ProFrac becomes the largest provider of electric frac services with 12 electric fleets WILLOW PARK, Texas, Nov. 1, 2022 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:PFHC) ("ProFrac" or the "Company") announced today that it has closed on its acquisition of U.S. Well Services, Inc. (NASDAQ:USWS) ("USWS") in a stock-for-stock merger transaction. As a result of this transaction, ProFrac issued an aggregate of approximately 12.9 million shares of the Company's Class A Common Stock to holders of USWS Class A Common Stock, USWS Series A Preferred Stock, USWS Equity Linked Convertible Notes, and USWS equity awards. The equity issued, based on the ProFrac Class A Common Stock 10-day VWAP as of Octo

HOUSTON, Aug. 10, 2022 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company," "USWS," "U.S. Well Services" or "we") (NASDAQ:USWS) today reported second quarter 2022 financial and operational results.  Second Quarter 2022 Highlights Announced merger with ProFrac Holding Corp. ("ProFrac") in a stock-for-stock transaction with a split-adjusted exchange ratio of 0.3366 shares of ProFrac Class A common stock for each share of USWS Class A common stock upon closing of the pending transaction, which is expected in the fourth quarter of 2022Preparation for the proposed merger with ProFrac is continuing as planned, including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Imp

HOUSTON, Aug, 5, 2022 /PRNewswire/ -- U. S. Well Services, Inc. (NASDAQ:USWS) will issue its financial and operating results for the second quarter 2022 after the market closes on Wednesday, August 10, 2022 and host its earnings conference call and webcast on Thursday, August 11, 2022 at 10:00 a.m. Central Time. By Phone:  Dial 201-389-0872 approximately 10 minutes before the call and ask for the U.S. Well Services call. By Webcast: Log onto U.S. Well Services' website to access an audio webcast, which can be found in the Investor Relations section under "Events & Presentations" tab at https://ir.uswellservices.com/news-events/ir-calendar   For those who cannot listen to the live call, a rep

HOUSTON, Aug. 4, 2022 /PRNewswire/ -- U.S. Well Services, Inc. (NASDAQ:USWS) ("USWS" or the "Company") today announced it is executing a reverse stock split, effective August 4, 2022.  Holders of the Company's Class A common stock will receive 1 post-split share for every 6 pre-split shares of Class A common stock.  The reverse stock split will not modify any rights or preferences of the Company's stockholders, nor will it alter any stockholders' percentage interest in the Company.  No fractional shares of Class A common stock will be issued as a result of the reverse stock split.  Stockholders of record who would otherwise be entitled to receive a fractional share will receive one full shar

WILLOW PARK, Texas and HOUSTON, June 21, 2022 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ:PFHC) ("ProFrac" or the "Company") announced today that it has reached an agreement to acquire U.S. Well Services, Inc. (NASDAQ:USWS) ("USWS") in a stock-for-stock transaction with an exchange ratio of 0.0561 shares of ProFrac Class A common stock for each share of USWS Class A common stock.  The acquisition is expected to be completed in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions, including the approval of USWS stockholders. The combination creates a market leader in NextGen frac solutions and a combined company with an expected 44 active fleets by the end

HOUSTON, May 24, 2022 /PRNewswire/ -- U.S. Well Services (NASDAQ:USWS) ("USWS" or the "Company") today announced it has finalized a contract with one of the largest E&P producers in the United States (the "Customer") to provide electric pressure pumping services.  Under the terms of the agreement, USWS will dedicate a newbuild Nyx Clean Fleet® to support the Customer's development program in Texas for an initial term of 18 months beginning early in the third quarter of 2022. "With the execution of this agreement, all four of U.S. Well Services' newbuild Nyx Clean Fleets® are contracted to high quality E&P customers," said Kyle O'Neill, the Company's President and CEO.  "This latest agreement

HOUSTON, May 18, 2022 /PRNewswire/ -- U.S. Well Services, Inc. ("USWS" or the "Company") (NASDAQ:USWS) and KCF Technologies, a leading provider of machine health optimization platform, today announced an industry first integration between electric frac pump control systems for fully automated pump controls.   KCF's fault detection automation engine, MachineIQ, allows U.S. Well Services to run their fleets intelligently and safely.  With state-of-the-art KCF vibration sensors, MachineIQ provides actionable suggestions to operators based on live health data locally at the job site.  Thus, operators are constantly aware of the health of every individual pump without entering the redzone. With U

HOUSTON, May 16, 2022 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company", "USWS," "U.S. Well Services" or "we") (NASDAQ:USWS) today reported first quarter 2022 financial and operational results.   First Quarter 2022 Highlights Completed $21.5 million Term C Loan financing transaction as well as $25.0 million Registered Direct Offering of common equity and warrantsReduced Term A Loan and Term B Loan (collectively the "Senior Secured Term Loan") borrowings below $103 million, securing 1.0% cash interest and 4.125% PIK interest for remainder of 2022Initiated operations in the Rockies out of the Company's new Vernal, Utah facilityAveraged 4.4 fully-utilized fleets compared to 4.1 fully-util

HOUSTON, May 4, 2022 /PRNewswire/ -- U. S. Well Services, Inc. (NASDAQ:USWS) will issue its financial and operating results for the first quarter 2022 before the market opens on Monday, May 16, 2022 and host its earnings conference call and webcast the same day at 10:00 a.m. Central Time. By Phone: Dial 201-389-0872 approximately 10 minutes before the call and ask for the U.S. Well Services call. By Webcast: Log onto U.S. Well Services' website to access an audio webcast, which can be found in the Investor Relations section under "Events & Presentations" tab at https://ir.uswellservices.com/news-events/ir-calendar For those who cannot listen to the live call, a replay will be available thr