Energy Capital Partners

ProPetro

In March 2013, ECP announced the acquisition of ProPetro Services, a Midland, Texas based oilfield service provider. ProPetro is a leading provider of critical well completion and drilling services to upstream oil and gas customers throughout the Permian Basin, the Mid-Continent, and the Uinta-Piceance region of the Rocky Mountains.

In March 2017, ProPetro successfully completed its Initial Public Offering IPO and now trades on the NYSE under the ticker symbol “PUMP.”

The company offers a diversified suite of integrated services, including pressure pumping, land drilling, coiled tubing, cementing and flowback, which provide a balanced exposure to all stages of a well’s life cycle. The company’s operations are predominantly focused in the Permian Basin and well positioned to take advantage of the expected continuation of unconventional drilling activity levels in the region.

Mar 16, 2017

ProPetro Holding Corp. Prices Initial Public Offering of Common Stock

ProPetro Holding Corp (NYSE: PUMP) (the “Company”) announced today that it has priced the initial public offering of 25,000,000 shares of its common stock at $14.00 per share, of which 13,250,000 shares are to be sold by the Company and 11,750,000 shares are to be sold by the selling stockholders named in the registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (“SEC”). The shares are expected to begin trading on the New York Stock Exchange on March 17, 2017 under the ticker symbol “PUMP.”