ProPetro Acquires Aqua Prop, an Innovative Wet Sand Solutions Provider
Vinson & Elkins advised ProPetro Holding Corp. (“ProPetro”), an oilfield services company providing completions services to upstream oil and gas companies, in its acquisition of Aqua Prop LLC (“Aqua Prop”), an innovative provider of cost-effective wet sand solutions, catering to the needs of the oil and natural gas industry.
With their specialized offering and expertise, Aqua Prop offers cost-effective and efficient solutions that provide a compelling value proposition and contribute to the success of hydraulic fracturing operations. The acquisition advances ProPetro’s commitment to delivering more integrated and industrial solutions while adding value for all stakeholders.
The Vinson & Elkins team was led by partner Mike Marek with assistance from Chandler Jones, Shelby Shearer, Nick Priebe, Lina Dimachkieh, Allyson Seger, Megan Menniti, Ryan Bullard, Alex Bluebond, Ashley Plunk, David D’Alessandro, Katherine Mull, Matt Green, Matthew Dobbins, Kelly Rondinelli, Darin Schultz and David Albano.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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Published in Upstream Oil and Gas in Africa
May 20, 2024