U.S. Well Services, Inc. and EQT Corporation Finalize Long-Term Electric Frac Contract
U.S. Well Services, Inc. - Class A (USWS)
Company Research
Source: GlobeNewswire
HOUSTON and PITTSBURGH, April 08, 2020 (GLOBE NEWSWIRE) -- U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has executed a long-term contract to provide electric hydraulic fracturing services for EQT Corporation (NYSE: EQT) using its next-generation Clean Fleet® technology. Pursuant to the terms of the agreement, U.S. Well Services will provide a dedicated electric hydraulic fracturing fleet to support EQT’s completions activity for three years if all optional extensions are exercised. “U.S. Well Services is pleased to announce that we have formalized our partnership with EQT following its successful trial of the Clean Fleet® technology beginning in the fourth quarter of 2019,” said Joel Broussard, U.S. Well Services’ President and Chief Executive Officer. “EQT is the largest producer of natural gas in the United States and is a best-in-class E&P operator. The decision to contract an electric fracturing fleet from USWS is a testament to EQT’s unyielding focus on decrea
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