HOUSTON, Jan. 13, 2021 /PRNewswire/ -- U.S. Well
Services, Inc. (Nasdaq: USWS) today announced it has executed two
contracts to expand its electric fracturing services for EQT
Corporation (NYSE: EQT). Under the terms of the agreements,
U.S. Well Services extended its existing contract for one electric
frac fleet and will also deploy a second electric frac fleet on a
contracted basis. Both contracts represent multi-year fleet
dedications if all optional extensions are exercised.
"We are pleased to broaden our relationship with EQT and provide
an additional electric fracturing fleet to support its completion
program," commented Joel Broussard,
U.S. Well Services' President and Chief Executive Officer.
"EQT is a best-in-class E&P operator, and their decision to
expand their use of the Clean Fleet® technology is further evidence
of their commitment to efficiency and environmental
stewardship."
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.