Texas Locke Lord Team Advises Aqua Prop in Sale to ProPetro

A Texas Locke Lord team led by Joe Perillo and Lauren Richter (both of Houston) represented Aqua Prop, LLC, a leading provider of wet sand solutions that cater to the needs of the oil and natural gas industry, in its sale to ProPetro Holding Corp. (ProPetro), a Midland, Texas-based provider of premium integrated completion services to leading upstream oil and gas companies. The acquisition advances ProPetro’s commitment to delivering more integrated and industrial solutions for its disciplined operating model. The deal structure includes cash consideration, future earnout incentives and potential growth capex considerations tailored to support and align with Aqua Prop and ProPetro’s growth targets and objectives. For more information, see the press release. Additional support was provided by Buddy Sanders, Jerry Higdon, Jeff McPhaul, Hunter Summerford, Jeremy Petersen (all of Houston) and Mark Backofen (Dallas).
Posted on June 24, 2024