ProFrac completed the acquisition of US Well Services from Signal Peak Silica for $349m.

ProFrac, an energy services company, completed the acquisition of US Well Services, a provider of electric pressure pumping services, from Signal Peak Silica, an owner and operator of two in-basin frac sand facilities, for $349m. "The acquisition of US Well Services solidifies ProFrac's position as an industry leader in electric hydraulic fracturing, which we believe represents the future of the industry. In today's environment, we believe electric frac fleets provide improved efficiency, lower R&M costs, greater value, and a lower overall cost of completion to our customer. It is a true win-win scenario for us, our customers, the environment and the communities in which we operate," Matt Wilks, ProFrac Executive Chairman.