ProPetro completes acquisition of Aqua Prop LLC to enhance integrated solutions for the oil and natural gas industry
Acquiring Company
ProPetro
Acquired Company
Aqua Prop
MidlandMidlandEnergyOil And GasEnergyOil And GasDescription
ProPetro Holding Corp. has announced the acquisition of Aqua Prop LLC, an innovative provider of cost-effective wet sand solutions. This all-cash acquisition, initially valued at $35.6 million, will advance ProPetro's commitment to delivering more integrated and industrial solutions while adding value for all stakeholders.
Quick answer
ProPetro is acquiring Aqua Prop, announced June 3, 2024. ProPetro is based in Midland, Texas, United States.
- How much did ProPetro pay for Aqua Prop?
- The deal value was not disclosed.
- What does ProPetro do?
- ProPetro Holding Corp. is a Midland, Texas-based provider of premium completion and power services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil..
- Where are ProPetro and Aqua Prop based?
- ProPetro is based in Midland, Texas, United States. Aqua Prop is based in Midland, Texas, United States.
- Who are the decision-makers at ProPetro?
- Fundz holds 1 contact at ProPetro. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Aqua Prop?
Aqua Prop was acquired by ProPetro, based in Midland. The deal was reported on June 3, 2024. ProPetro Holding Corp. ProPetro is publicly traded (PUMP) and operates in Energy.
When did ProPetro acquire Aqua Prop?
ProPetro's acquisition of Aqua Prop was reported on June 3, 2024. ProPetro Holding Corp. has announced the acquisition of Aqua Prop LLC, an innovative provider of cost-effective wet sand solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Aqua Prop do?
Aqua Prop LLC is a leading provider of wet sand solutions, catering to the needs of the oil and natural gas industry. It is privately held, operating in Energy, and is based in Midland.
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