ProPetro Holding Corp. reported on Dec. 21 that David Sledge, the current COO, will be succeeded in his role by Adam Muñoz at the end of 2020.
David’s tenure with ProPetro spanned a period where the company grew from just a single operating hydraulic fracturing fleet to as many as 27 active fleets. David also oversaw an operational and safety record that is well regarded across the industry. He previously served on the board of directors of Comstock Resources Inc. from 1996 to 2018. Prior to joining ProPetro, Sledge was vice president of drilling for Basic Energy Services from 2007 to 2009 and was president and COO of Sledge Drilling Corp., which was sold to Basic Energy Services in 2007. David also spent 25 years working with his father, Gene Sledge, at Gene Sledge Drilling Corp. before the company sold to Patterson Drilling in 1996.
“We are very appreciative of David’s service to ProPetro over the past nine years,” Phillip Gobe, chairman and CEO, said. “David has had a long and distinguished career in oilfield services. David’s career in the Permian Basin spans over 41 years and multiple service lines where he has seen success at every stop. We are proud for David to have been such a large part of our success and growth, and we wish him well in his future endeavors.”
Upon his departure, David will be succeeded in the role of COO by the company’s current senior vice president of operations Adam Muñoz. Adam Muñoz joined the company in 2010 to initiate ProPetro’s Permian pressure pumping operation. Prior to joining ProPetro, Adam held sales and operations roles at Frac Tech Services and Weatherford International. Since joining ProPetro, Adam has served as the director of business development and technical services where he was responsible for overseeing the growth of the hydraulic fracturing operations as well as managing the department’s day-to-day technical services. Prior to his current role, Adam served as the vice president of frac services where his duties included leading the hydraulic fracturing division through specific efforts to increase operational efficiencies and maximize financial productivity.
In addition, ProPetro Holding Corp. has appointed G. Larry Lawrence to its board of directors, effective December 17, 2020. Lawrence is an oilfield business leader with extensive experience across finance, accounting and operations. He brings an extensive accounting background along with decades of experience in the energy industry.
“We are excited about the future of ProPetro with the addition of Larry as an independent director,” Phillip Gobe, CEO of ProPetro, said. “His experience as a director and financial acumen will strengthen key functions at ProPetro, and his appointment demonstrates our commitment to strong governance principles.”