Welcome to our dedicated page for Propetro Holding news (Ticker: PUMP), a resource for investors and traders seeking the latest updates and insights on Propetro Holding stock.
ProPetro Holding Corp. reports news about its completion-services business and the expansion of its PROPWR power generation division. The company provides premium completion services to upstream oil and gas operators developing North American unconventional resources, with a history of hydraulic fracturing activity centered on the Permian Basin.
Recurring updates include quarterly operating results, fleet utilization, FORCE electric fleet execution, gas-to-power solutions for oil and gas, data center and industrial customers, equipment purchases, lease and debt financing, convertible note activity, and supplier or customer agreements supporting power generation capacity.
ProPetro Holding Corp. (NYSE: PUMP) announced the appointment of David Schorlemer as Chief Financial Officer effective October 23, 2020. Schorlemer brings over 25 years of experience in finance and management from his previous role at Basic Energy Services. CEO Phillip Gobe welcomed Schorlemer, emphasizing his expertise in public company governance as essential for maintaining competitiveness. The Company also acknowledged the contributions of former CFO Darin Holderness in navigating challenging times, establishing a strong financial foundation.