ProPetro provides hydraulic fracturing and complementary completions services to upstream oil and gas companies operating in North America's unconventional oil and natural gas fields. Founded in 2005 and headquartered in Midland, Texas, the company has grown to serve major exploration and production operators, particularly in the Permian Basin. The company trades on the New York Stock Exchange under ticker PUMP.
The business centres on a suite of well-completion services, including hydraulic fracturing, cementing, and wireline operations. ProPetro operates a large fleet of modern, uniform equipment designed to handle the most technically demanding jobs in its service areas. The company has pursued growth through acquisitions, including Par Five Energy Services, and has expanded into adjacent markets with new ventures such as ProPWR, which provides power generation services to oilfield operators.
ProPetro's operations are concentrated in regions of sustained customer activity and high geological complexity, where upstream operators require sophisticated completions capabilities. The company positions itself to support the largest and most technically complex fracturing projects for its customer base of major energy producers.
