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ProFrac outlines 2024 operational strategies By Investing.com

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© Reuters.

WILLOW PARK, Texas – ProFrac Holding Corp. (NASDAQ: ACDC), a technology-focused energy services provider, today announced its operational and strategic priorities for 2024, aiming to build on its growth in the latter half of 2023. The company’s strategy centers on enhancing fleet utilization, delivering exceptional customer experience, and achieving the industry’s lowest per unit costs.

Executive Chairman Matt Wilks highlighted the company’s focus on direct operational involvement to reinforce its commitment to these goals. Jeremy Spriggs will lead the operations functions on an interim basis as part of the strategic shift.

ProFrac, established in 2016, offers well stimulation services, proppant production, and other complementary products to the oil and gas industry, particularly in the unconventional oil and sectors across the United States. The company has been working on new technologies to reduce greenhouse gas emissions and increase efficiency in hydraulic fracturing, a traditionally high-emission aspect of unconventional oil and natural gas development.

This announcement is based on a press release statement from ProFrac Holding Corp.

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