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PRO PETRO - The INNOVATIVE Fracing Team in the Permian
An SI Board Since May 2024
Posts SubjectMarks Bans Symbol
1 1 0 PUMP
Emcee:  robert b furman Type:  Moderated
Pro Petro as a stock was an upstart in late 2018. It was partially funded (10%) by Pioneer Natural Resources - recently acquired by XOM. ProPetro originally was started in 2005 as an oil field serviced firm located in the Permian Shale Deposit region.

XOM has announced a 3 year contract for utilizing ProPetro's services in the Permian.

Pioneer utilized ProPetro's services completely in their operations.

This is all about fracing oil wells and reducing the operations carbon foot print.

As the smaller oil producers consolidate with mergers into the larger E&P's the carbon footprint required to continue drilling wells will become a central requirement to future wells.

Carbon capture at the well site will grow in standard operating procedure.

The reduction of carbon creation at the well site is already evolving into the utilization of electricity vs. the use of diesel power being used for the fracing process.

ProPetro symbol PUMP has just recently completed the conversion of their 14 frac teams to all electric. A very expensive AND INNOVATIVE first in the industry move!

I see this company as a high growth candidate, that has completed the conversion TO ALLECTRIC FRACING TEAMS.


Last week their EPS announced a return to profitability, after one losing quarter previously.

They have completed their transition and huge capex expansion.

I believe ProPetro will lead the way and become the leader in oil field services in our country's largest shale oil deposits.
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