ProPetro - M&A Summary and Business Overview

Energy Services And EquipmentCompany

ProPetro M&A Summary

ProPetro has acquired 4 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

ProPetro’s largest acquisition to date was in 2018, when it acquired Pioneer Natural Resources - Pumping Services Assets for $440M. ProPetro has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (100%).

ProPetro Business Overview

Where is ProPetro headquartered?

ProPetro is headquartered in Midland, Texas.

What is ProPetro’s revenue?

ProPetro disclosed revenue of 1,630M USD for 2023 and 1,280M USD for 2022.

How many employees does ProPetro have?

ProPetro has 1,100 employees.

What sector is ProPetro in?

ProPetro is an energy services and equipment company.

When was ProPetro founded?

ProPetro was founded in 2005.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

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 2005 and is based in Midland, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - - 1 1 1 4
vol $440M $150M $36M $626M
Sell (0.0/yr) # 1 - - - - - 1
  5

Most Recent M&A

Company Date Value Type
Aqua Prop LLC 2024-06-03 36M USD Add-on Acquisition
Midland, Texas · www.aquaprop.com
Par Five Energy Services LLC 2023-12-04 - Add-on Acquisition
Artesia, New Mexico · www.par-five.com
Silvertip Completion Services Operating LLC 2022-11-01 150M USD Add-on Acquisition
Midland, Texas · www.silvertipcompletions.com
ProPetro Holding Corp. - Midland Community 2019-07-02 -
Midland, Texas
Pioneer Natural Resources Co. - Pumping Services Assets 2018-11-13 440M USD Divestiture
, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 4 (100%) 626M (100%) 1 (100%) -
Total 4 $626M 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 626M 1 -
  Texas 3 626M 1 -
  New Mexico 1 - - -
Total 4 $626M 1 -

Top M&A Advisors

Financial Deals
PPHB
2
Legal Deals
Vinson & Elkins
2

Deal Values

buy # Total
$100M to $1B 2 $590M
< $100M 1 $36M
TOTAL $626M
Largest Pioneer Natural Resources Co. - Pumping Services Assets
$440M (2018-11-13)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
1 (100%)

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