U.S. Well Services, Inc. and Range Resources Corporation Sign Electric Frac Contract
U.S. Well Services, Inc. - Class A (USWS)
Company Research
Source: GlobeNewswire
HOUSTON and FORT WORTH, Texas, Jan. 29, 2020 (GLOBE NEWSWIRE) -- U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has executed a contract to provide electric hydraulic fracturing services for Range Resources Corp. (NYSE: RRC) using its next-generation Clean Fleet® technology, which runs on electric power generated by natural gas turbine generators on the wellsite. Under the terms of the agreement, U.S. Well Services will support Range Resources in the development of its Appalachian asset base on a dedicated basis into 2021. Joel Broussard, U.S. Well Services’ President and Chief Executive Officer commented, “We are excited to partner with Range Resources. The Company is a best-in-class E&P operator with a proven track record of success, and U.S. Well Services looks forward to deploying our revolutionary electric fracturing technology to assist them in their development plans. This contract demonstrates both organizations’ dedication to operational excellence and environm
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