During the corresponding time, Propetro Holding Corp saw a revenue deteriorated by -24.69 % year on year, sequentially revenue fell by -6.56 %. While revenue at the Propetro Holding Corp 's corporate clients
Propetro Holding's Comment on Sales, Marketing and Customers
The company provides energy services primarily in the Permian Basin, a major oil and natural gas producing region in the United States. It maintains customer relationships with active and well-capitalized exploration and production companies in the area. The company established a subsidiary, ProPetro Energy Solutions, LLC (doing business as PROPWR), which offers turnkey power generation services to oil and gas producers and general industrial projects, including data centers. The company expanded its service offerings through acquisitions of Aqua Prop, LLC, which supplies wet sand solutions for hydraulic fracturing; Par Five Energy Services LLC, which provides cementing services in the Delaware Basin; and Silvertip Completion Services Operating, LLC, acquired in 2022. These acquisitions have enhanced the company's position as an integrated and diversified completions-focused energy service provider. While its operations have primarily been concentrated in the Midland sub-basin of the Permian Basin, the company has increased activity in the Delaware sub-basin to support growth.
Propetro Holding’s Comment on Sales, Marketing and Customers
The company provides energy services primarily in the Permian Basin, a major oil and natural gas producing region in the United States. It maintains customer relationships with active and well-capitalized exploration and production companies in the area. The company established a subsidiary, ProPetro Energy Solutions, LLC (doing business as PROPWR), which offers turnkey power generation services to oil and gas producers and general industrial projects, including data centers. The company expanded its service offerings through acquisitions of Aqua Prop, LLC, which supplies wet sand solutions for hydraulic fracturing; Par Five Energy Services LLC, which provides cementing services in the Delaware Basin; and Silvertip Completion Services Operating, LLC, acquired in 2022. These acquisitions have enhanced the company's position as an integrated and diversified completions-focused energy service provider. While its operations have primarily been concentrated in the Midland sub-basin of the Permian Basin, the company has increased activity in the Delaware sub-basin to support growth.
Sources:
Propetro Holding Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Propetro Holding Corp’s corporate clients.
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