FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “U.S. Well Services Set to Move Towards Full Electrification of its Portfolio”
U.S. Well Services (NASDAQ: USWS) surged over 24% in premarket trading after the company announced its move towards full electrification of its portfolio.
The company announced its commitment to becoming an all-electric hydraulic fracturing services provider and expects to have fully exited the diesel frac market by the end of Q4 2021, thus becoming the first publicly-traded, pure-play electric completions services provider.
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 diesel fleets.
For more information, please visit: U.S. Well Services, Inc.
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