ProPetro Unit Awarded 10-Year Contract to Provide 80 MW of Power Capacity; Shares Up Pre-Bell

MT Newswires Live
20 May

ProPetro (PUMP) shares were up premarket Tuesday after the company said its PROPWR unit was awarded a 10-year contract to provide 80 megawatts of power generation capacity to an unnamed oil and gas exploration and production company.

Financial terms weren't disclosed.

The company said it will begin deploying the power generation assets in Q3.

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