ProPetro Overview

Energy Services And EquipmentCompany

Was ProPetro formerly PE-backed?

Yes. ProPetro was formerly owned by 1 private investor.

Where is ProPetro headquartered?

ProPetro is headquartered in Midland, Texas.

What is ProPetro’s revenue?

ProPetro disclosed revenue of 1,444M USD for 2024 and 1,630M USD for 2023.

How many employees does ProPetro have?

ProPetro has 1,900 employees.

What sector is ProPetro in?

ProPetro is an energy services and equipment company.

When was ProPetro founded?

ProPetro was founded in 2007.

ProPetro

ProPetro Holding Corp.

303 W. Wall St Suite 102,
Midland, Texas 79701
United States,
(432) 688-0012
www.propetroservices.com

ProPetro is an oilfield services company that provides hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production, or E&P, of North American unconventional oil and natural gas resources. The Company's operations are primarily focused in the Permian Basin, where ProPetro has cultivated longstanding customer relationships with some of the region's most active and well-capitalized E&P companies, including Callon Petroleum, Diamondback Energy, Parsley Energy, Pioneer Natural Resources, Surge Energy and XTO Energy. ProPetro was founded in 2007 and is based in Midland, Texas.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 1 - 1 1 1 - 4
vol $440M $150M $36M $626M
Sell (0.0/yr) # 1 - - - - - 1
  5

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Financial Deals
PPHB
2
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Vinson & Elkins
2

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