ProPetro Holding Corp. has announced the launch of its ProPWRSM power generation business and has placed an order for approximately 110 megawatts of mobile natural gas-fueled power generation equipment, costing around $122 million. This investment will be funded through cash, up to $20 million, and debt financing, with cash investment expected early in 2025 and deliveries starting mid-2025. The new units are expected to be deployed between mid-2025 and early 2026.
Names: - ProPetro Holding Corp. - ProPWRSM - ProPetro Energy Solutions, LLC (PES) - David S. Schorlemer (Chief Financial Officer)