ProPetro files resale shelf registration statement

ProPetro Holding Corp. (NYSE: PUMP) has filed a resale shelf registration statement with the Securities and Exchange Commission (SEC) relating to approximately 17.3 million shares of its common stock held by certain of its investors. This resale shelf registration statement, which may be used from time to time by these investors, has been filed pursuant to a registration rights agreement entered into by the company in connection with its private placement completed in December 2016.

To the extent any sales of common stock are made under the resale shelf registration statement, the company will not receive any proceeds. The resale shelf registration statement has been filed with the SEC but has not yet become effective.

ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping 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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