ProPetro signs Permian power contract, orders 190 MW of equipment
ProPetro Holding Corp. announced that its wholly owned subsidiary, ProPetro Energy Solutions, LLC (PROPWRSM), has entered into a contract to supply power to a subsidiary of Coterra Energy Inc. in the New Mexico portion of the Permian Basin.
Rhea-AI Filing Summary
ProPetro Holding Corp. announced that its wholly owned subsidiary, ProPetro Energy Solutions, LLC (PROPWRSM), has entered into a contract to supply power to a subsidiary of Coterra Energy Inc. in the New Mexico portion of the Permian Basin. This agreement links ProPetro’s power services to a major operator in one of the most active oil and gas regions in the United States.
To support this new power-supply contract and related activity, ProPetro has placed orders for an additional 190 megawatts of equipment. Expanding its equipment base at this scale suggests a meaningful commitment to growing its power solutions footprint alongside its existing oilfield services presence in the Permian Basin.
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FAQ
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What did ProPetro Holding Corp. (PUMP) announce on December 12, 2025?
Who is ProPetro supplying power to under the new contract?
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Which ProPetro subsidiary is involved in the new power-supply contract?
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AI-generated analysis. How Rhea-AI works. Not financial advice.