HOUSTON, Jan. 11, 2021 /PRNewswire/ -- U.S. Well
Services, Inc. (Nasdaq: USWS) today announced it has finalized an
extension of its contract to provide electric hydraulic fracturing
services for Range Resources Corp. (NYSE: RRC) in the Appalachian
Basin.
"We are excited to continue working for Range with our
revolutionary Clean Fleet® electric hydraulic fracturing solution,"
said Joel Broussard, U.S. Well
Services' President and Chief Executive Officer. "Together
our companies have partnered to execute Range's development
strategy while continuing to reduce emissions, noise and fuel
consumption required of well completions. Range is a top-tier
E&P operator, and we look forward to supporting their
completions program."
"Range is a leader in capital efficiency, well costs and
reducing emissions intensity thanks to the implementation of
advanced technologies like U.S. Well Services' electric fracturing
fleet. This partnership allows us to improve our
class-leading well costs, while helping to make substantial
progress towards our ambitious goal of net-zero greenhouse gas
emissions," said Jeff Ventura, Range
Resources' President and Chief Executive Officer.
About U.S. Well Services, Inc.
U.S. Well Services, Inc. is a leading provider of hydraulic
fracturing services and a market leader in electric fracture
stimulation. The Company's patented electric frac technology
provides one of the first fully electric, mobile well stimulation
systems powered by locally-supplied natural gas, including field
gas sourced directly from the wellhead. The Company's electric frac
technology dramatically decreases emissions and sound pollution
while generating exceptional operational efficiencies, including
significant customer fuel cost savings versus conventional diesel
fleets. For more information visit: www.uswellservices.com.
Information on our website is not part of this release.
Contacts:
U.S. Well Services
Josh Shapiro
Vice President, Finance and Investor Relations
IR@uswellservices.com
Dennard Lascar Investor
Relations
(713) 529-6600
USWS@dennardlascar.com
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SOURCE U.S. Well Services, Inc.