# ProPetro Services, Inc

> ProPetro Services, Inc. is part of the Midland-based ProPetro group, which provides hydraulic fracturing, wireline, cementing and wet-sand services to oil and gas producers. Its parent, ProPetro Holding Corp. (NYSE: PUMP), is expanding through PROPWR, a gas-fueled distributed-power business serving energy, industrial and data-center customers.

- **Founded:** 2005
- **Headquarters:** Midland, United States
- **Founders:** Dale Redman (Co-founder; former CEO), Jeffrey Smith (Co-founder; former CFO and Chief Administrative Officer)
- **Products:** Hydraulic fracturing, FORCE electric fleets, Tier IV Dynamic Gas Blending fleets, Silvertip Wireline, Cementing
- **Notable:** Built a Permian-focused completions platform with hydraulic fracturing, cementing, wireline and wet-sand capabilities., Began operating power assets at a Midwest hyperscaler data-center site by the July 2026 results update., PROPWR reported approximately 510 MW committed under contract in September 2026; this is not deployed capacity.

## Products & services

- **Hydraulic fracturing** — Crews and pressure-pumping equipment for completing unconventional oil and gas wells, concentrated in the Permian Basin. The company built its dedicated frac platform around 2010.
- **FORCE electric fleets** — Electric pumps, autonomous blender, data van and power-distribution equipment. Each pump trailer has two independently controlled 3,000-horsepower pump systems; deployments began in 2023.
- **Tier IV Dynamic Gas Blending fleets** — Dual-fuel frac equipment and conversions introduced as part of the lower-emissions fleet program.
- **Silvertip Wireline** — Logging, perforating, pressure control and pumpdown services, added through the 2022 acquisition.
- **Cementing** — Cement placement and related services with fluid-density, volume and pressure monitoring; operations serve Texas and New Mexico.
- **Aqua Prop** — Wet-sand management, onsite storage, handling and logistics for hydraulic fracturing; acquired in May 2024 and announced in June.
- **PROPWR** — Gas-fueled distributed power and behind-the-meter generation for oil and gas, data-center and industrial customers; launched in late 2024.

## Achievements

- Built a Permian-focused completions platform with hydraulic fracturing, cementing, wireline and wet-sand capabilities.
- Began operating power assets at a Midwest hyperscaler data-center site by the July 2026 results update.
- PROPWR reported approximately 510 MW committed under contract in September 2026; this is not deployed capacity.
- Secured a Caterpillar framework agreement for substantial additional generation capacity through 2031.

## Latest updates

- **2026-10** — Announced Kyle Crowley, a former Exelon executive with power-industry experience, as an independent director; appointment effective October 16.
- **2026-09** — Announced approximately 230 MW of Targa contracts and approximately 510 MW of total PROPWR capacity committed under contract, reflecting reallocation of previously committed oil-and-gas capacity.
- **2026-07** — Reported Q2 revenue of $306 million and an $8 million net loss; PROPWR assets were operating at a Midwest data-center site. Expected 2026 PROPWR capital expenditures were $400 million-$450 million.
- **2026-04** — Signed Caterpillar generation framework agreement, with potential total capacity of approximately 2.6 GW delivered by year-end 2031, including earlier orders; deployment remains a future plan.

## Links

- Website: https://www.propetroservices.com
- LinkedIn: https://www.linkedin.com/company/propetro-services-inc/
- Twitter/X: https://twitter.com/ProPetroPUMP
- Instagram: https://www.instagram.com/propetroservices/
- Facebook: https://www.facebook.com/propetroservices/

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Published by YesPress — https://yespress.io
Last updated: 2026-10-23