ProPetro Holding Corp. announced it has entered into a term contract to provide electric hydraulic fracturing services. This agreement is with a large independent Permian-focused oil and gas operator. This new contract brings ProPetro's total to four FORCE electric fleets operating under term contracts.
The deployment of this fourth FORCE electric fleet reinforces ProPetro's strategy to transition its fleet towards next-generation, lower-emissions equipment. These four FORCE fleets will require approximately 165 megawatts of mobile power generation equipment to support their operations. This demand further supports the growth expectations for ProPetro's recently announced ProPWR mobile power generation solutions business.
The company continues to experience industry-leading performance from its active fleets, delivering value to customers through efficient completions performance. This announcement validates ProPetro's strategy to build an efficient and profitable business. The company expects to benefit from favorable trends in mobile power demand for electric-powered hydraulic fracturing fleets and other industrial projects.
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