The current climate in the oil and gas well services sector presents a great opportunity for organizations that can acquire well servicing and stimulation equipment and amass a skilled and experienced workforce. This opportunity is driven by market conditions that include high commodity prices, high equipment utilization rates and the scarcity of experienced crews.

At ProPetro^TM, our strategy is to utilize the assets of our three initial acquisitions as a platform to acquire other successful well service, pumping and related service companies. Our objective is to successfully integrate the acquired businesses and maximize earnings of acquired assets by balancing them in markets that historically support high utilization and strong pricing. The consolidation and centralization of general, administrative and purchasing functions allows ProPetro^TM to operate efficiently and negotiate lower insurance rates and prices on consumables such as fuel and tires.

Key employees with long-term customer relationships are our greatest asset, having proven themselves to be among the best in the business and in high demand among active oil and gas producers.