Frac Fleet definition

Frac Fleet means each group consisting of fracking rigs, trucks, pumps, primary drive train for pumps (whether powered by diesel generators or natural-gas combustion turbines), a data van and other vehicles and equipment owned by one or more of the Loan Parties that, taken as a whole, (i) when deployed, is capable of providing a Customer with a typical level of hydraulic fracturing services in accordance with the applicable Commercial Agreement in any one location based upon historical operations of the Borrower and the Subsidiary Guarantors and (ii) represents, based on historical operations, on average, between 40,000 and 50,000 hydraulic horsepower.
Frac Fleet means all equipment, vehicles, labor and materials used to perform hydraulic fracturing services as part of the exploration and production of oil, natural gas and related products.

Examples of Frac Fleet in a sentence

  • Our continued monitoring of all spills, regardless of whether meeting recordable thresholds, helps us identify potential trends and mitigate impacts.● All Electric Frac Fleet.

  • Schorlemer Chief Financial Officer PROPETRO’S FIRST ELECTRIC FRAC FLEET CONTRACTED UNDER A MULTI-YEAR AGREEMENT WITH LEADING PERMIAN OPERATOR Placed Two Additional Electric Frac Fleet Orders MIDLAND, Texas – December 6, 2022 – ProPetro Holding Corp.

  • Human activities increasingly determine which species of plants and animals will flourish and which will decline or disappear.

  • The agreement marks a major turning point for ProPetro and is another accomplishment in our defined long-term strategy to industrialize our business.” Two Additional Electric Frac Fleet Orders Placed The Company also announced it has executed orders for two additional electric frac fleets with expected delivery in the fourth quarter of 2023.

Related to Frac Fleet

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