ProPetro Forecasting Fewer Fracking Fleets as Lower 48 Demand Weakens

摘要

Pressure pumping expert ProPetro Holding Corp. deployed 25.1 feets in the Lower 48 during the third quarter, but uti- lization in the fnal three months is likely to decline to 18-20 because of “customer budget exhaustion, seasonality and overall softening industry demand,” CEO Dale Redman said Thursday.