(Source: Shutterstock.com)
ProPetro has signed a three-year agreement to provide electric hydraulic fracturing services for Exxon Mobil’s Permian Basin operations.
ProPetro will deliver and dedicate its FORCE electric-powered hydraulic fracturing fleet services coupled with their Silvertip wireline and other pumpdown services to provide fracture stimulation pumping for Exxon, the company said in an April 29 press release.
The agreement includes the deployment of two FORCE electric hydraulic fracturing fleets, wireline, and pumpdown services in the first half of 2024 with an option for a third FORCE fleet with wireline and pumpdown services to commence operations in early 2025. The services are to be delivered over a three-year term with various provisions including performance incentives.
"This step is a significant moment for us, showcasing our collaboration with a leading global energy provider to deliver innovative, cost-effective, and more environmentally friendly energy service solutions through our multi-year agreement,” ProPetro’s CEO Sam Sledge said. “This commitment, which includes electric hydraulic fracturing, wireline, and pumpdown services, underlines our dedication to leading the industry with high-quality, low-emission, and industrialized services."
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