ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE:
PUMP) today announced that, effective May 8, 2024, Alex Volkov has
been appointed to its Board of Directors (the “Board”) as
ExxonMobil's designee pursuant to the Investor Rights Agreement
(the “Investor Rights Agreement”), dated as of December 31, 2018,
by and between the Company and Pioneer Natural Resources Pumping
Services LLC, a Delaware limited liability company (“Pioneer”), and
a wholly owned subsidiary of Exxon Mobil Corporation
(“ExxonMobil”).
Mr. Volkov is currently the Transition Executive responsible for
planning the integration of Pioneer Natural Resources Company with
ExxonMobil's Unconventional business. Additionally, Mark Berg, who
has served as a director on the Board since February 2019 and was
previously appointed as Pioneer's designee, will remain on the
Board as an independent director.
ProPetro’s Chief Executive Officer, Sam Sledge, commented, “We
extend a warm welcome to Alex who is bringing with him a wealth of
experience from ExxonMobil. His proven leadership and industry
acumen will be invaluable as we continue to execute on our strategy
and deliver value to all our stakeholders. We are also delighted to
retain Mark Berg as an independent director given his unique
experience and qualifications. We have benefitted greatly from
Mark's deep experience over the past five years and look forward to
his continued contributions.”
Phillip Gobe, Chairman of the ProPetro Board, said, “It is with
great pleasure that we welcome Alex to our Board. His understanding
of global energy dynamics will enrich our discussions and help
inform our decisions. We look forward to leveraging Alex's
strategic insights and leadership as we work for ProPetro's
continued success. We are also excited that Mark Berg will remain
on the Board as an independent director. Mark is a valuable member
of our Board, and I want to thank him for his continued service to
ProPetro.”
About Alex Volkov
Alex Volkov is a seasoned executive with almost three decades of
experience in various roles within ExxonMobil. Beginning his
journey with the company in 1997, Mr. Volkov has navigated through
diverse assignments spanning marketing, business development,
supply chain logistics, and strategy development. His international
experience includes serving as Vice President of Exxon Neftegas
Limited in Moscow, overseeing commercial activities in Russia, and
later moving to the United Kingdom to lead international natural
gas marketing and trading efforts. In 2019, Mr. Volkov transitioned
to Houston as Vice President, Global LNG Marketing, overseeing
ExxonMobil’s LNG portfolio globally, a position he held until 2021.
Between 2021 and 2023, he held positions as Vice President,
Commercial & Power and then as Vice President, Strategy and
Business Development, culminating in his current role as Transition
Executive – Pioneer. Mr. Volkov is a graduate of The University of
Nizhni Novgorod, Russia, and holds an MBA from The University of
Alabama.
About ProPetro
ProPetro Holding Corp. is a Midland, Texas-based provider of
premium completion services to leading upstream oil and gas
companies engaged in the exploration and production of North
American unconventional oil and natural gas resources. We help
bring reliable energy to the world. For more information visit
www.propetroservices.com.
Forward-Looking Statements
Except for historical information contained herein, the
statements and information in this news release are forward-looking
statements that are made pursuant to the Safe Harbor Provisions of
the Private Securities Litigation Reform Act of 1995. Statements
that are predictive in nature, that depend upon or refer to future
events or conditions or that include the words “may,” “could,”
“plan,” “project,” “budget,” “predict,” “pursue,” “target,” “seek,”
“objective,” “believe,” “expect,” “anticipate,” “intend,”
“estimate,” “will,” “should,” and other expressions that are
predictions of, or indicate, future events and trends or that do
not relate to historical matters generally identify forward‑looking
statements. Our forward‑looking statements include, among other
matters, statements about the supply of and demand for
hydrocarbons, our business strategy, industry, projected financial
results and future financial performance, expected fleet
utilization, sustainability efforts, the future performance of
newly improved technology, expected capital expenditures, the
impact of such expenditures on our performance and capital
programs, our fleet conversion strategy and our share repurchase
program. A forward‑looking statement may include a statement of the
assumptions or bases underlying the forward‑looking statement. We
believe that we have chosen these assumptions or bases in good
faith and that they are reasonable.
Although forward‑looking statements reflect our good faith
beliefs at the time they are made, forward-looking statements are
subject to a number of risks and uncertainties that may cause
actual events and results to differ materially from the
forward-looking statements. Such risks and uncertainties include
the volatility of oil prices, the global macroeconomic uncertainty
related to the conflict in the Israel-Gaza region and continued
hostilities in the Middle East, including rising tensions with
Iran, and the Russia-Ukraine war, general economic conditions,
including the impact of continued inflation, central bank policy
actions, bank failures, and the risk of a global recession, and
other factors described in the Company's Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q, particularly the “Risk Factors”
sections of such filings, and other filings with the Securities and
Exchange Commission (the “SEC”). In addition, the Company may be
subject to currently unforeseen risks that may have a materially
adverse impact on it. Accordingly, no assurances can be given that
the actual events and results will not be materially different than
the anticipated results described in the forward-looking
statements. Readers are cautioned not to place undue reliance on
such forward-looking statements and are urged to carefully review
and consider the various disclosures made in the Company’s Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and other
filings made with the SEC from time to time that disclose risks and
uncertainties that may affect the Company’s business. The
forward-looking statements in this news release are made as of the
date of this news release. ProPetro does not undertake, and
expressly disclaims, any duty to publicly update these statements,
whether as a result of new information, new developments or
otherwise, except to the extent that disclosure is required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240513230770/en/
Investor Contacts:
David Schorlemer Chief Financial Officer
david.schorlemer@propetroservices.com 432-227-0864
Matt Augustine Director, Corporate Development and Investor
Relations matt.augustine@propetroservices.com 432-219-7620
Grafico Azioni ProPetro (NYSE:PUMP)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni ProPetro (NYSE:PUMP)
Storico
Da Gen 2024 a Gen 2025
