Profrac Services LLC

PROFRAC SERV I CES LLC The vision of ProFrac Services was to shake up the pressure pumping market by bringing better equipment to end users than was currently available. Its manufacturing facility sits on 20-plus acres and allows ProFrac to build custom-designed equipment. Its high pressure pumps are designed with today’s modern longer laterals/multi-well pads in mind. Putting an emphasis on reliability and safety in its equipment has allowed greater up-time leading to better efficiency for its customers. Under a veteran leadership team of Ladd Wilks (CEO), Coy Randle (COO), Matthew Wilks (CFO), and Paul Kaster (Sr. Vice President HSE, Compliance, & Training), ProFrac today has over 1,400 employees working at the company’s 130,000-sq.-ft. manufacturing facility and its 60,000-sq.-ft. distribution facility in Cisco, Texas; and at four fracking locations: Smithfield, PA; Marshall, TX; Odessa, TX; and El Reno, OK. While many of ProFrac’s competitors have closed down, Kaster says that ProFrac is not only “staying pretty steady,” but is actually planning to move into new areas. “We’re about to start a fleet down in south Texas, and pick up more fleets in west Texas,” he acknowledges. Regarding the company’s competitive advantages, Kaster notes, “ ProFrac doesn’t have the same overhead as most other companies providing similar services. We are a very lean company from an upper management standpoint.” He also points to the company’s focus on fire suppression. “Everybody’s scared of a giant frac fleet fire on location,” he relates. “Every pump we have in our frac fleet has its own internal fire suppression system built into it. It’s similar to a sprinkler system in a restaurant or hotel room. We’re the only service company that has that – fire suppression on all of our equipment. That alone is tremendous. Our approach to the silica hazard is also tremendous. The dust that comes off of frac sand is a potential health hazard. We have control measures in place, not only to medically monitor our employees, but to reduce