ProPetro Holding Corp

F:2PG

Business Description

Sector

Energy

Industry

Energy

Headquarters

United States of America US

Employees

1 700

IPO date

Mar 17, 2017

ProPetro Holding Corp. is an oilfield services company that helps shale producers complete new wells after drilling. Its core business is pressure pumping, especially hydraulic fracturing, where high-pressure fluid is used to crack rock and let oil and gas flow more easily. It also provides related completion services that support that same stage of well development.

Its main customers are exploration and production companies, especially operators working in the Permian Basin. ProPetro makes money by sending crews, equipment, and technical services to customer well sites and charging for that work under service contracts or job-based arrangements. In simple terms, it sells the field labor and specialized equipment needed to finish wells, not the oil or gas itself.

What makes the business different is that it sits in a narrow and highly cyclical part of the energy supply chain. ProPetro does not own producing assets; it earns fees when customers are drilling and completing wells and needs large, specialized pumping fleets to do the work. That makes it a service provider closely tied to U.S. shale activity, with value built around equipment, logistics, and execution in tough field conditions.