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U.S. Well Services Inc.

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About

U.S. Well Services Inc. is a leading provider of hydraulic fracturing services and a market leader in electric fracture stimulation. The company’s patented electric frac technology provides one of the first fully electric, mobile well stimulation systems powered by locally-supplied natural gas, including field gas sourced directly from the wellhead. The company’s electric frac technology dramatically decreases emissions and sound pollution while generating exceptional operational efficiencies, including significant customer fuel cost savings versus conventional diesel fleets.

Editor's note: Updated Jan. 29, 2020.

Transactions

Report Date Amount (MM) Description
2022-06-21 $270.00

ProFrac to Acquire U.S. Well Services in Stock-for-stock Transaction

ProFrac to Acquire U.S. Well Services in Stock-for-stock Transaction

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2020-04-01 U.S. Well Services Inc. Debt $21.00

U.S. Well Services Inc. has entered into an Amended and Restated Senior Secured Term Loan Credit…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

This content is locked until you subscribe

2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

ProFrac to Acquire U.S. Well Services in Stock-for-stock Transaction

The combination of U.S. Well Services with ProFrac is expected to be the largest provider of electric frac services with 12 electric fleets, creating a market leader in NextGen frac solutions.

US Well Services, Range Resources Finalize Electric Fleet Contract Extension

Two-year extension to year-end 2024 supports greenhouse gas emission goals.

U.S. Well Services to Deploy E-frac Services in Permian Basin, Eagle Ford for Callon Petroleum

U.S. Well Services inked a contract to deploy its electric pressure pumping fleet across the Permian Basin and Eagle Ford for the operating subsidiaries of Callon Petroleum Co.

Oil Billionaire Wilks Brothers Acquire Stake in U.S. Well Services

The Wilks family office purchased $25 million of notes convertible into common shares of U.S. Well Services in late June, worth some 25.7 million shares, according to a filing.

U.S. Well Services to Cut 171 Jobs in Texas

Oilfield company U.S. Well Services will eliminate 171 jobs in Texas, according to a filing with the Texas Workforce Commission on June 2, as it prepares to exit the diesel hydraulic fracturing market.

U.S. Well Services Files Lawsuit against Halliburton, Cimarex over E-frac Patent

The lawsuit alleges Halliburton’s all-electric fracturing fleet, currently deployed for Cimarex Energy, violates several of U.S. Well Services’ patents for electric pumps and pumping systems and monitoring and control systems.

E&P Plus Cover Story: ESG in Oil and Gas—Searching for Answers

Building an ESG case and presenting the right evidence to stakeholders across the value chain has become a riddle wrapped in a mystery inside an enigma for producers and service providers in oil and gas. So how are they setting about solving it?

Executive Q&A: U.S. Well Services on E-fracs and ESG Goals

E-frac fleets reduce emissions by 99% compared to conventional diesel powered fleets, says Matt Moncla, chief commercial officer at Houston-based U.S. Well Services.

U.S. Well Services and EQT Finalize Long-Term Electric Fracturing Contracts

U.S. Well Services Inc. has executed two contracts on Jan. 13 to expand its electric fracturing services for EQT Corp.

2020 Special Meritorious Awards for Engineering Innovation

An expert panel of judges has selected the top 25 industry projects that open new and better avenues to the complicated process of finding and producing hydrocarbons around the world.

U.S. Well Services, EQT Finalize Long-Term Electric Frac Contract

U.S. Well Services Inc. has executed a long-term contract on April 8 to provide electric hydraulic fracturing services for EQT Corp. using its next-generation Clean Fleet technology.

U.S. Well Services Reduces Workforce, Imposes Cost-Cutting Initiatives

The company is taking a number of corporate and operating cost-cutting measures to better align its expenses with client activity levels.

Oilfield Technology: Power Play

While barriers to entry are high, electricity is positioning to be the future of fracturing.

U.S. Well Services, Range Resources Ink Electric Frac Contract

U.S. Well Services executed a contract on Jan. 29 to provide electric hydraulic fracturing services for Range Resources using its next-generation Clean Fleet technology.

E&P Technology Showcase: Headway In Hydraulic Fracturing

Innovators in the hydraulic fracturing space to highlight technological advances at upcoming SPE conference.