ProPetro to deploy electric-powered hydraulic fracturing fleets on ExxonMobil’s Permian operations

(WO) – ProPetro Holding Corp. has entered into a three-year hydraulic fracturing services agreement to provide electric hydraulic fracturing services to ExxonMobil in the Permian basin.

ProPetro will deliver and dedicate FORCE electric-powered hydraulic fracturing fleets to provide fracture stimulation pumping services to ExxonMobil, alongside the company’s Silvertip wireline and pumpdown services and other related products.

The agreement includes the deployment of two FORCE electric hydraulic fracturing fleets, wireline, and pumpdown services on ExxonMobil’s Permian operations in the first half of 2024, with an option for a third FORCE fleet with wireline and pumpdown services to commence operations in early 2025.

ProPetro’s Chief Executive Officer, Sam Sledge, said, "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 FORCESelectric fleets, we're moving towards a more sustainable and industrialized future together."

"This step is a significant moment for us, showcasing our collaboration with a leading global energy provider to deliver innovative, cost-effective, and more environmentally friendly energy service solutions through our multi-year agreement. This commitment, which includes electric hydraulic fracturing, wireline, and pumpdown services, underlines our dedication to leading the industry with high-quality, low-emission, and industrialized services.”

ProPetro Holding Corp. is a Midland, Texas-based provider of completion services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.