Description
ProPetro Holding Corp. is an oilfield services company. The Company provides hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.
The Company’s operations are primarily focused on the Permian Basin. The Company operates through its pressure pumping and all other segments. The pressure pumping segment consists of downhole pumping services, which includes hydraulic fracturing (inclusive of acidizing services) and cementing. Hydraulic fracturing is a well-stimulation technique focused on optimizing hydrocarbon flow paths during the completion phase of shale wellbores.
Its cementing services use pressure pumping equipment to deliver a slurry of liquid cement that is pumped down a well between the casing and the borehole. The all other segment consists of coiled tubing operations, which are downhole well completion/remedial services.
