ProPetro Holding Corp. Commences Secondary Public Offering

MIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. (the “Company”) has commenced an underwritten public offering of 10,000,000 shares of its common stock, which are to be sold by the selling stockholders named in the registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). The selling stockholders expect to grant Goldman Sachs & Co. LLC a 30-day option to purchase from the selling stockholders up to an additional 1,500,000 shares of the Company’s common stock. The Company’s shares of common stock trade on the New York Stock Exchange under the ticker symbol “PUMP.”

The Company will not receive any proceeds from the sale by the selling stockholders of shares of the Company’s common stock.

Goldman Sachs & Co. LLC is acting as book-running manager for this offering.

This offering is being made only by means of a written prospectus. Once it becomes available, potential investors can obtain a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933 from:

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement is available on the SEC’s website at www.sec.gov under the registrant’s name, “ProPetro Holding Corp.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

When available, to obtain a copy of the prospectus free of charge, visit the SEC’s website, www.sec.gov, and search under the registrant’s name, “ProPetro Holding Corp.”

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that do not relate to historical matters identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, many of which may be beyond our control, and there can be no assurance that actual outcomes and results will not differ materially from those expected by our management. These forward-looking statements involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of the prospectus included in the registration statement on Form S-1, in the form last filed with the SEC. All forward-looking statements speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

About ProPetro:

ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing hydraulic fracturing and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.

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ProPetro Holding Corp.
Sam Sledge, 432-688-0012
Director – Investor Relations
sam.sledge@propetroservices.com

Source: ProPetro Holding Corp.

Released November 2, 2017