PUMP
- ProPetro Holding Corp.
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Overview
Company Summary
ProPetro Holding Corp., commonly known as ProPetro, is an oilfield services company based in the United States. The company primarily operates in the Permian Basin, one of the largest and most prolific oil-producing regions in the country.
ProPetro provides a range of services to oil and gas exploration and production companies operating in the Permian Basin. These services include hydraulic fracturing, coiled tubing, cementing, acidizing, and other well-stimulation techniques. Hydraulic fracturing, also known as fracking, is a process used to extract oil and natural gas from underground formations by injecting fluid under high pressure to create fractures in the rock.
ProPetro's services are crucial in enhancing the productivity and efficiency of oil and gas wells. By providing well-stimulation and completion services, the company helps its clients maximize the production from each well and increase the ultimate recovery of hydrocarbons.
As an oilfield services provider, ProPetro employs highly skilled teams of engineers, technicians, and field personnel who work closely with their clients to design and execute operations that optimize oil and gas extraction. The company's ability to efficiently perform well-stimulation services contributes to reducing clients' costs and streamlining the production process.
ProPetro's success depends on its ability to secure contracts from oil and gas companies operating in the Permian Basin. Its reputation for high-quality and efficient performance, along with its strong client relationships, positions the company as a trusted and reliable service provider in the industry.
Overall, ProPetro Holding Corp. plays a significant role in the oil and gas sector by providing critical well-stimulation services, helping maximize the production of oil and gas in the Permian Basin.